Steel Daily
GPIL: Net Profit Falls 37% in Q3 FY 2024-25
Godavari Power and Ispat Limited (GPIL), an Indian steel and pellet producer, reported a sharp fall in its consolidated net profit in the third...
Chintan Shivir in Bengaluru to Blueprint Future of India’s Steel Industry
Ministry of Steel organized a day-long Chintan Shivir in Bengaluru recently, wherein prominent steel players were present to brainstorm for the future of India’s...
MIDHANI, ADA Join Forces to Make High-Tech Steel for Attack Aircraft
Mishra Dhatu Nigam Limited (MIDHANI), a public sector company that makes specialty steel, signed a heavy MoU with the Aeronautical Development Agency (ADA),...
Government Greenlights ₹10,300 Crore Equity Infusion for RINL, Ties Aid to Increased Output
The government has cleared an equity infusion of ₹10,300 crore as part of a concerted effort to revive Rashtriya Ispat Nigam Limited (RINL). The...
Tata Steel to Raise ₹3,000 Crore By Way of Bonds After 1-Year Hiatus: Shares Jump 3%
On 14 February, sources close to the company told news agencies that Tata Steel planned to return to the corporate bond market for the...
India Plans Tax on Some Low-Cost Steel Imports from China
Temporary levy of 15%-25% on China-origin steel imports within 6 months scrapped Steel Minister H.D. Kumaraswamy said the move was aimed at protecting local manufacturers...
JSW Group to Invest ₹1.2 Trillion in Karnataka – Bengaluru
JSW Group chairman Sajjan Jindal on Friday announced an investment of ₹1.2 lakh crore in the state in a boost to Karnataka’s industrial and...
India’s Steel Industry Under Pressure: Rising Dumping Concerns Amid Trump’s Tariff Plans
India Steel Braces for Jolt from Trump’s Tariff Threat. This spells doom for the Indian steel industry, as it was in flames when...
Baldota Group to Invest ₹54,000 Crore in Karnataka for Integrated Steel Plant
Karnataka-based Baldota Group announced a massive investment of ₹54,000 crores in setting up an integrated steel plant in Koppal. The company, functioning under...
Steel Stocks Drop on Trump’s New Tariff Imposition on Imports
Shares of steel and aluminum declined on Monday as Trump put a new blanket tariff of 25% on all steel and aluminium imports....
