JSW Steel and South Korea’s Posco to invest Rs 65,000 cr in 18 MMT steel plant in Odisha
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
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.
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
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
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
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
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
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.
Kolkata: Steel and mining company ArcelorMittal Wednesday announced the construction of the world's single-biggest steel manufacturing factory at Hazira in Gujarat.
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
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
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.
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
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
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.