Financial Daily from THE HINDU group of publications
Tuesday, Sep 21, 2004
Financial Daily from THE HINDU group of publications Tuesday, Sep 21, 2004 |
||
|
|
||
|
Home Page
-
Petrochemicals Corporate - Announcements RIL cuts polymer prices by Rs 2,000 per tonne Our Bureau
Mumbai , Sept. 20 RELIANCE Industries Ltd (RIL) has announced a reduction of Rs 2,000 per tonne on prices of all types of polymers. The company said this has been done to help the Government efforts to battle inflation and contain consumer prices. RIL said with this reduction, the company will be absorbing 40 per cent of the rise in the input cost, and its prices will continue to be lower by $120 per tonne compared to the prevailing international prices. The difference rose to a peak of $150 per tonne, substantially below the landed price of imported polymers, a company release said. An analyst tracking the sector, however, said the company had hiked prices of all its products earlier this month and the reduction of Rs 2 per kg announced today will bring them down to the August levels.
More Stories on : Petrochemicals | Announcements
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2004, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|