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MarketScreener Homepage  >  Equities  >  MUMBAI STOCK EXCHANGE  >  BASF India Ltd    500042   INE373A01013

BASF INDIA LTD

(500042)
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Germany must do more on fuel cell technology - deputy economy minister

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09/10/2019 | 05:31am EST

FRANKFURT (Reuters) - Germany must press on with fuel cell technology to compete with speed and scale employed by China, deputy economy minister Thomas Bareiss said at an energy conference on Tuesday.

The technology will be among those helping to replace fossil fuels-based energy and mobility systems as Germany strives to renew its industry to meet climate targets.

Wide-reaching decisions on energy systems are due to be taken at a meeting of cabinet members on Sept. 20.

"Fuel cells are very complex and we are well placed in this market, but China does more," said Bareiss, addressing an energy congress in Munich.

He also said that Germany would keep its options on gas supply - be it pipelines or liquefied natural gas landing terminals - open to keep good relations with all exporters.

(Reporting by Vera Eckert; Editing by Thomas Seythal)

Stocks mentioned in the article
ChangeLast1st jan.
BASF INDIA LTD -0.40% 966.7 End-of-day quote.-37.51%
BASF SE -1.15% 66.93 Delayed Quote.12.24%
OMV AKTIENGESELLSCHAFT -1.48% 50.44 End-of-day quote.30.67%
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Financials (INR)
Sales 2020 70 646 M
EBIT 2020 1 190 M
Net income 2020 640 M
Debt 2020 -
Yield 2020 0,31%
P/E ratio 2020 -
P/E ratio 2021 19,9x
Capi. / Sales2020 0,58x
Capi. / Sales2021 0,47x
Capitalization 41 318 M
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Last Close Price 966,70  
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Managers
NameTitle
Narayan Krishnamohan Managing Director & Director
Pradip Panalal Shah Chairman
Narendranath J. Baliga CFO, Director, VP-Finance & Processes
Rajendra Ambalal Shah Independent Non-Executive Director
Arun Bewoor Independent Non-Executive Director
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