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About 20 firms, including housing finance majors Can Fin Homes and Dewan Housing Finance will consider their financial numbers for the quarter ended June 2017 on Friday. Ashok Leyland, Indian Bank, City Union Bank, Atul, Balmer Lawrie & Company, DIC India, Hindustan Dorr-Oliver, Mafatlal Finance, Mangalore Refinery & Petrochemicals, Quess Corp, Persistent Systems, Onward Tech, Tata Sponge Iron, Tinplate and Uttam Value Steels will also declare their results.
"Increasing investments in chemical and HVACR industries drive the heat exchangers market" The market size of heat exchangers is estimated to reach USD 20.65 billion by 2022, at a CAGR of 8.3% from 2017 to 2022. Heat exchangers offer various advantages, such as high operating efficiency and reduced energy consumption. The heat exchanger market is spread across a wide range of end-use industries, including nuclear & thermal power plants, petroleum refineries, petrochemical plants, food processing plants, and HVACR.
The report "Heat Exchangers Market by Type (Shell & Tube, Plate & Frame, Air Cooled), Application (Chemical, Petrochemical and Oil & Gas, HVACR, Food & Beverage, Power Generation, Paper & pulp), and Region - Global Forecast to 2022", published by MarketsandMarkets™, the market size of heat exchanger is estimated to grow from USD 13.89 Billion in 2017 to USD 20.65 Billion by 2022, at a CAGR of 8.3% from 2017 to 2022.
Hindustan Dorr-Oliver on Tuesday sought the advice of stock exchanges for announcing the company’s results. With the Insolvency and Bankruptcy Code in place from April 21, the management of the company has been vested with the Interim Resolution Professional appointed by the National Company Law Tribunal, Mumbai Bench. “Since the powers of the Board of Directors stand suspended and can only be exercised by the IRP, please advise us on the procedure/process to be followed for approval of the financial statements of the company under listing obligations,” the company said in a statement to the exchanges.
The company reported net loss of Rs 43.71 crore for quarter ended September 30, 2016, while it had posted a loss of Rs 46.17 crore for the same period in 2015, thereby improving their losses by 5.3%.
Over 50 companies, including Adhunik Metaliks, Anant Raj, Ess Dee Aluminium, Educomp Solutions, Future Market, Gammon Infra, Hindustan Dorr-Oliver, Gitanjali Gems, IVRCL, Jagran Prakashan, Jyoti Structures, Man Industries, McNally Bharat, MTNL, NALCO, Prajay Engineers, Prakash Industries, REI Agro, Ruchi Soya, TVS Srichakra, Titagarh Wagons, Unitech, and Unity Infraprojects will announce their Q2 results on Wednesday.
In other news, Alvarez & Marsal to increase headcount and presence in India, while Essel Infraprojects is in talks to buy IVRCL unit
Creditors of debt-laden infrastructure developer IVRCL are likely in talks with Essel Infraprojects to sell a controlling stake in the company’s listed unit Hindustan Dorr-Oliver (HDO), an article in the Mint says.
Tata Steel | Adani Ports | Divis Labs | Crompton Greaves | Prestige Estates | PNC Infra | Polaris | Phoenix Mills | Gujarat Ambuja Exports | eClerx | Escorts | Gujarat Industries Power | HPCL | IOC | BPCL | IVRCL and Hindustan Zinc are stocks, which are in the news today.
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