Steel cos hike prices by Rs 2,000 per tonne following demand revival Antony Waste Handling Cell, Heranba Industries file IPO papers with Sebi

In a sign of economic activity gradually picking pace in the unlock phase, steel companies have increased the price of the metal for the fourth month in a row in October on the back of demand revival and firm price trends in the overseas market. Benchmark hot rolled coils (HRC) prices have increased by Rs 1,000-2,000 per tonne for October deliveries to Rs 43,00043,500 per tonne whereas (cold rolled coil) CRC prices stand at Rs 52,000 per tonne.

Antony Waste Handling Cell and Heranba Industries have filed draf t papers with capital markets regulator Sebi to float their initial public offerings (IPOs). The move comes at a time when several IPOs in September saw robust subscriptions and bumper listing gains. As per the draf t papers, Antony Waste Handling Cell's IPO comprises fresh issuance of shares worth Rs 98.5 crore and an offer for sale of 99,27,175 equity shares by existing shareholders. Tonbridge (Mauritius), Leeds (Mauritius) Ltd, Cambridge (Mauritius) Ltd and Guildford (Mauritius) Ltd will be offering shares through the offer for sale.