Indian economy
Centre Tightens Steel Procurement Norms with New ‘Melt and Pour’ Rule for Government Projects
In a firm thrust towards developing indigenous manufacturing and cutting back on the reliance on imported components, the Central government has issued a...
Sarda Energy & Minerals Posts 15% Jump in Q4 Profit, Annual Net Rises 34%
Indian steel and mineral producer Sarda Energy and Minerals Limited on Monday reported a 14.74% year-on-year rise in its net profit for the...
SML Reports 4% Increase in Stainless Steel Production for April
Shyam Metalics Limited (SML) reported a 4% year-on-year growth in its stainless steel production in April 2025 at 7,149 mt, the company said...
India Pushes for Overseas Raw Material Acquisitions to Boost Steelmaking Capacity
India is actively seeking Indian companies to acquire raw material assets overseas, in an attempt to integrate India’s steel supply chain as it...
India Seeks Increased Steel Export Access in Current FTA Negotiations: Piyush Goyal
India is aggressively seeking better trade terms to increase its steel exports through current Free Trade Agreement (FTA) negotiations with several global partners,...
Govt Approves ₹11,440 Cr Lifeline for Vizag Steel, Rules Out Immediate Merger with SAIL, NMDC
Govt approves ₹11,440 cr lifeline for Vizag Steel, rules out immediate merger with SAIL, NMDC Sorting out Visakhapatnam Steel Project finances Rashtriya Ispat Nigam...
PM Modi Inaugurates ₹8,300-Crore Infrastructure Projects in Rameswaram – India’s First Vertical Lift Sea Bridge
Prime Minister Narendra Modi on April 06 and announced infrastructure projects worth over ₹8,300 crore on the occasion of Ram Navami in a clear...
No New US Tariffs on Indian Steel, Aluminium, and Auto Sectors
Following the announcement by US President Donald Trump about the move of reciprocal tariffs of 26% on Indian products, Indian steel and automotive...
The Ramco Cements Sells ₹455 Crore in Non-Core Assets to Cut Debt
Ramco Cements has asset monetization of ₹455.03 crore in FY25 as part of the company’s asset monetization strategy which aims to reduce debt...
Steel Mills Cut Production as Imports Surge, Trade Deficit Widens
In a development that could put upward pressure on domestic steel prices, key Indian steel makers, barring Jindal Steel and Power Ltd (JSPL) have...
