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.
JSW Steel Q4FY23 net profit grows 13.29% to Rs 3,664 cr
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
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
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
Mumbai/IBNS: NMDC Steel Limited (NSL) was listed on the Bombay Stock Exchange (BSE) on Monday, the Ministry of Steel said on Tuesday.