• Like

Metals and Mining Sector : Budget Spotlight

Uploaded on

The presentation provides an insight into expectations from the upcoming Budget for the Metals and Mining sector

The presentation provides an insight into expectations from the upcoming Budget for the Metals and Mining sector

More in: Technology , Business
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Be the first to comment
    Be the first to like this
No Downloads


Total Views
On Slideshare
From Embeds
Number of Embeds



Embeds 0

No embeds

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

    No notes for slide


  • 1. Metals and Mining – Budget Spotlight
  • 2. What To Expect For The Metals And Mining Sector?
  • 3. Spotlight:Metals and Mining Sector by Saurabh Agrawal, Research Analyst
  • 4. • Broadly, we expect union budget to have neutral impact on the Metals &Mining sector• Iron ore export duty may see a slight cut or remain same• We do expect the excise duty to increase to 12%, which will prove to bemarginally negative for the sector• There are expectations that greater tax deductions for interest paid on homeloans might come through in this budget which would help revive steelintensive real estate sector. This would prove to be beneficial for long steeldemand in India
  • 5. • Also, any substantial increase in slabs for income tax calculation, if proposed,would help boost consumer durable and automobile demand, which will furtherhelp in strengthening the demand for flat steel in India• We believe that higher fund allocation for infrastructure development of road,power, railways, ports and airports would be needed to revive steel demand inIndia. This may not be easy given the fact that the government might choosefiscal prudence
  • 6. Thank You! Read More Give us your Feedback ORIf you have any questions click on any of the icons below -
  • 7. • Registered office: Kotak Securities Limited, 1st Floor, Bakhtawar, 229, Nariman Point, Mumbai - 400021. SEBI Registration No: NSE INB/INF/INE 230808130, BSE INB 010808153/INF 011133230/INE 011207251, OTC INB 200808136, MCXSX INE 260808130.• Disclaimer: Investments in securities are subject to market risks, please read the SEBI prescribed Combined RDD prior to investing.• * Awarded Best Brokerage Firm in India by AsiaMoney in 2006, 2007, 2008 and 2009