Indian Steel Sector
JSW Steel Registers 14% Profit Expansion in Q4 FY25 Despite Revenue Decline
JSW Steel Limited, the top Indian steel producer, reported a 13.5% rise in consolidated net profit during the fourth quarter of the fiscal...
Ministry of Steel Unveils Revamped Website to Boost Transparency and Accessibility
The Ministry of Steel has introduced its revamped official website to raise transparency, accessibility, and efficiency of operations. The new website is characterized...
SAIL to Test Mongolian Coking Coal Import as India Eyes Reduced Reliance on Australia
India’s state-owned steel producer, Steel Authority of India Limited (SAIL), will pilot a coking coal import from Mongolia, industry and company sources said....
Baldota Group Unveils EIA for ₹54,000-Crore Steel Plant in Karnataka
The Baldota Group has put out the Environmental Impact Assessment (EIA) for the first phase of its ₹54,000-crore integrated steel plant coming up in...
NMDC Steel Hits 2 Million MT Crude Steel Production in First Full Operational Year
State-run mining giant NMDC Limited owns NMDC Steel Limited, its wholly-owned subsidiary, and its crude steel production in the financial year 2024-25 crossed...
JSPL Acquires Allied Strips for $26 Million to Boost Value-Added Steel Capacity
To enhance its value-added steel portfolio, Jindal Steel and Power Limited (JSPL) has announced its acquisition of Allied Strips Limited (ASL) for $26 million....
India’s Finished Steel Imports Surge 16% in April-February – Exports Plunge 34%
India’s finished steel imports rose sharply by 15.8% to 8.98 million metric tons (mt) during the April-February period of the 2024-25 fiscal year,...
Steel Exchange India Expands Production Capacity, Shares Surge
Steel Exchange India jumped 3.27% to ₹7.90 after the firm announced the completion of its expansion at the Visakhapatnam facility in the state of...
SAIL to Invest ₹30,000 Crore to Increase Rourkela Steel Plant to 9.4 MTPA by 2030
One of the first public sector steel plants in the country Rourkela Steel Plant (RSP)-is all set to undergo a massive expansion with...
Govt to Relaunch PLI Scheme for Specialty to Boost Domestic Production
Production-Linked Incentive for the specialty steel sector will be a fresh round in which the government will announce the scheme on Monday, which,...
