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JSW crude steel output grows 2% to 13.93 LT in Apr

JSW Steel Thursday said its crude steel output grew two percent to 13.93 lakh tonne (LT) during April 2019.

Mumbai: JSW Steel Thursday said its crude steel output grew two percent to 13.93 lakh tonne (LT) during April 2019.

The Sajjan Jindal-led company had produced 13.61 LT crude steel in April 2018, it said in a statement.

During the month, the production of flat rolled products declined one per cent to 9.53 LT as against 9.67 LT in April 2018, it said.

The company registered four percent growth in the output of its long rolled products at 3.36 LT as compared to 3.24 LT the year-ago month, it added.

Milk may come in PET bottles in Maharashtra.

Maharashtra dairy industry is considering PET bottles as an alternative to package milk due to high cost involving in collecting milk pouches post usage.

"Establishing a post-usage collection mechanism is impossible for plastic pouches considering consumers are needed to wash and store the plastic pouches at home, which is not feasible. Also, it is not economically viable to collect the pouches once they are dumped," Kutwal Foods chairman, Prakash Kutwal said in a release here.

The rate of PET bottles recycling is 80 percent in India, which is far higher in comparison to other packaging materials like tetrapack/brick cartons (05-30 percent) and glass bottles (45 percent), according to industry estimates.

The Maharashtra dairy industry produces 1.7 crore liter of milk every day, 70 percent out of which is packed in plastic pouches, which means around 2.4 crore milk pouches (500 ml) are used every day by consumers

Currently, 12 lakh liters of milk is being packed in PET bottles every day.

Knight Frank appoints Sharad Agrawal as ED, Capital Markets Property consultant Knight Frank India Thursday said it has appointed Sharad Agrawal as executive director, CapitalMarkets.

Agrawal has worked across geographies and realty segments on a variety of transactions such as structured/project finance, land acquisition, offshore financing, SEZs among others.

In his role, Agrawal will be responsible for strategising and executing capital markets deals across including fund raising, partner search, joint development, joint venture, equity partnerships, structured financing, debt syndication, among others.