April 15, 2024 08:15 (IST)
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Vibrant Gujarat Summit: ArcelorMittal to open world's largest steel plant in Gujarat's Hazira with 24 MT capacity per annum

Kolkata: Steel and mining company ArcelorMittal Wednesday announced the construction of the world's single-biggest steel manufacturing factory at Hazira in Gujarat.

Tata Steel India reports 4.88 million tons delivery in Q3FY24; notes sustained growth in Indian steel demand

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.

Steel minister Jyotiraditya Scindia to inaugurate silica reduction plant at SAIL-Bhilai Steel Plant’s Dalli Mines

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.

NMDC delivers best ever Q3 prodn

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.

Arjas Steel to increase annual production capacity to 550,000 tons at an investment of over Rs 600 cr

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

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

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.