Nov 21, 2024, at 03:50 am
Bengaluru: The Indian government is reviewing a proposal to impose a temporary tax on Chinese steel imports, JSW Group Chairman Sajjan Jindal said, according to a Reuters report.
JSW Steel and South Korea’s Posco to invest Rs 65,000 cr in 18 MMT steel plant in Odisha
Nov 05, 2024, at 11:16 pm
Bhubaneswar: India’s JSW Steel and South Korea’s Posco are set to invest Rs 65,000 crore ($7.73 billion) in a planned steel plant in India over the next few years, Reuters reported.
Odisha emerges as India's steel hub, contributing 25% of national production
Oct 23, 2024, at 05:16 am
Bhubaneswar: Odisha has emerged as the country's steel manufacturing hub with Odisha accounting for 25% of the India’s total steel production, according to MD and CEO of mjunction services Ltd Vinaya Varma.
Oct 19, 2024, at 04:48 am
Mumbai: JSW Steel on Friday said it will acquire a 100% stake in Thyssenkrupp Electrical Steel India jointly with Japan's JFE Steel Corp for Rs 4,051.4 crore.
JSW Steel secures MUFG funding for Australian coking coal mining company acquisition: Report
Sep 04, 2024, at 10:17 pm
Mumbai: JSW Steel Ltd, led by Sajjan Jindal, has secured financing from Japan's MUFG Group for its acquisition of a coking coal mining company in Australia, Moneycontrol reported.
1,500 Tata Steel workers in UK to go on indefinite strike from July
Jun 22, 2024, at 03:02 am
London: Around 1,500 Tata Steel workers in Britain will commence an indefinite strike on July 8 in response to the company's decision to shut down two blast furnaces and eliminate up to 2,800 jobs, Reuters reported citing the trade union Unite.
Tata Steel Q4FY24: PAT drops 64.6% YoY Rs 555 cr
May 30, 2024, at 04:53 am
Mumbai: Tata Steel's net profit in January-March quarter witnessed a staggering 64.6% year-on-year decline to Rs 555 crore, as per an exchange filing released on Wednesday.
JSW Steel Q4FY24 PAT drops 64% YoY to Rs 1,299 cr
May 18, 2024, at 06:40 am
Mumbai: JSW Steel reported a 64% year-on-year (YoY) decline in consolidated net profit for the quarter ended March 2024 to Rs 1,299 crore, compared to Rs 3,664 crore in the same period last year.
JSL to invest Rs 5,400 cr in capacity expansion over next 2 yrs
May 02, 2024, at 04:48 am
New Delhi: Jindal Stainless Ltd (JSL) on Wednesday revealed plans to invest Rs 5,400 crore in expanding its capacity to 4.2 million tonnes per annum, media reported.
Jan 11, 2024, at 03:45 am
Kolkata: Steel and mining company ArcelorMittal Wednesday announced the construction of the world's single-biggest steel manufacturing factory at Hazira in Gujarat.
Jan 06, 2024, at 05:11 am
Mumbai: Tata Steel India on Friday said that its crude steel production reached 5.32 million tons, up 6% on QoQ as well as YoY basis.
Tata Steel to get 500 million pounds from UK govt to decarbonize Port Talbot project
Sep 16, 2023, at 02:31 am
London: Tata Steel, on Friday, announced that after extensive negotiations aimed at preserving Tata Steel's Port Talbot venture in Wales, the UK government has consented to provide a grant of 500 million pounds to assist in decarbonization, media reports said.
JSW Steel's crude steel production grows 10% YoY to 20.39 lakh tonnes in July
Aug 11, 2023, at 03:29 am
Kolkata: JSW Steel on Thursday reported consolidated crude steel production for July at 20.39 lakh tonnes, up 12% YoY against 18.25 lakh tonnes in the corresponding month in 2022.
Jun 23, 2023, at 01:50 pm
New Delhi: Steel minister Jyotiraditya Scindia will virtually inaugurate silica reduction plant at Steel Authority of India Ltd's (SAIL) Bhilai Steel Plant's Dalli Mines on Friday.
Steep rally in carbon prices and CBAM compliance in EU could curtail profits of Indian steel makers
Jun 23, 2023, at 12:50 pm
New Delhi: In the wake of the European Union’s (EU) latest framework for the imposition of taxes on embedded carbon imports, Indian steel mills are at the risk of lower profits and a loss of market share in Europe, according to ratings agency ICRA.
Govt mulling inclusion of refractories in PLI 2.0 for steel sector
Jun 07, 2023, at 07:37 am
The Indian government is considering the inclusion of refractories in the upcoming Production Linked Incentive Scheme 2.0 for the steel sector with the aim to increase the country's steel production capacity to 300 million tonnes by 2030, media reports said.
JSW Steel Q4FY23 net profit grows 13.29% to Rs 3,664 cr
May 20, 2023, at 06:39 am
Mumbai: JSW Steel announced on Friday reported a consolidated net profit of Rs 3,664 crore for the quarter ending in March 2023, marking a 13.29 percent increase compared to Rs 3,234 crore in the same quarter of the previous year.
NMDC registers highest April month performance since inception
May 03, 2023, at 05:02 am
New Delhi/IBNS: India’s largest iron ore producer NMDC reported a production of 3.51 Million Tonne (MT) and a sale of 3.43 Million Tonne in April 2023, recording the best-ever performance for any April month in NMDC history, the Ministry of Steel said Saturday.
Disinvestment process of RINL in progress: Steel ministry
Apr 15, 2023, at 03:55 am
New Delhi: There is no freeze on the disinvestment process of RINL, The Ministry of Steel clarified on Friday.
NMDC Steel Limited listed on the Bombay Stock Exchange
Feb 22, 2023, at 07:51 am
Mumbai/IBNS: NMDC Steel Limited (NSL) was listed on the Bombay Stock Exchange (BSE) on Monday, the Ministry of Steel said on Tuesday.
NMDC delivers best ever Q3 prodn
Feb 16, 2023, at 02:41 am
New Delhi/IBNS: National miner NMDC registered its best-ever Q3 production with 10.66 million ton produced in the third quarter of FY23, the Ministry of Steel said in a statement.
Dec 20, 2022, at 11:00 pm
Kolkata/IBNS: Arjas Steel will invest Rs 610 crore in capacity expansion at its two plants at Tadipatri, Anantapur District, Andhra Pradesh and Mandi Gobindgarh, Punjab taking the total capacity to 550,000 tons.
Govt selects 67 applications under PLI scheme for specialty steel
Dec 10, 2022, at 07:44 am
New Delhi/IBNS: The government on Friday said it has shortlisted 67 applications from 30 companies under its Rs 6,322-crore production-linked incentives (PLI) scheme for specialty steel.
Centre withdraws export duty on steel
Nov 20, 2022, at 04:04 am
New Delhi: The Centre has withdrawn the export duty on steel, restoring the status quo as was prevailing prior to May 22, 2022, the Ministry of Finance said Saturday.
Nov 03, 2022, at 05:22 am
Jamshedpur: Tata Steel today dispatched the first-ever consignment of Tata Aggreto, the company’s branded steel slag aggregates to Border Roads Organisation (BRO) for the construction of roads in Arunachal Pradesh under Project Arunank, according to a press release.
PLI scheme for specialty steel: Govt may extend the deadline for applications for a 3rd time
May 23, 2022, at 01:30 am
New Delhi: The Centre may extend the deadline for submitting applications for PLI scheme for speciality steel with only 10 applications received so far, even as the last date for applying was was extended twice, media reports said.
Tata Steel India achieves highest-ever annual crude steel prodn of 13 million
Apr 06, 2022, at 02:45 pm
Mumbai: Tata Steel India has achieved its highest-ever annual crude steel production of approximately 19 million tons, with a growth of 13 percent YoY despite the COVID second wave related disruption early in the financial year, the company said Tuesday in a filing to stock exchanges.
India's total crude steel prodn capacity in 2020-21 stood at 143.91 mt
Mar 29, 2022, at 03:04 pm
New Delhi/IBNS: India's total crude steel production capacity during 2020-21 stood at 143.91 million tonnes, Union Minister of Steel Ram Chandra Prasad Singh told Rajya Sabha on Monday.
JSW Steel Q3 PAT jumps 69 pc to Rs 4516 crore
Jan 22, 2022, at 02:04 am
Mumbai/UNI: Sajjan Jindal-led JSW Steel on Friday reported a 69.2 per cent increase in consolidated net profit for the quarter ended December 31, 2021 at Rs 4516 crore.
Sanjay Kumar Singh takes charge as Steel Secretary
Dec 31, 2021, at 07:54 am
New Delhi/IBNS: Sanjay Kumar Singh Thursday assumed charge as the Secretary of Ministry of Steel, the government said in a statement.