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Tata Steel and JSW Steel Grapple with Shrinking Cash Reserves Amid Industry Challenges

The two largest steelmakers in India are swiftly burning holes in their pockets. Analysts, therefore, get worried about servicing debt and financing big...

NewsSteel Daily

India’s Green Steel Taxonomy to Drive Decarbonization in the Steel Industry

Experts announced that India’s green steel taxonomy delineated by the Ministry of Steel on December 31, is viewed as attempting to kick off...

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India’s Ministry of Steel to Revamp PLI Scheme for Specialty Steel

India’s Ministry of Steel is revising the Production-Linked Incentive (PLI) scheme to revitalize the prospect of the specialty steel sector and further streamline...

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GST Penalty of ₹64.47 Crore Imposed on JSW Steel for Mining Rights Payments

JSW Steel Ltd. has been fined ₹64.47 crore by the Office of the Commissioner of GST and Central Excise, Belagavi Division. The penalty...