Steel Industry Growth
Fabex Steel Structures Opens ₹120 Crore Manufacturing Unit Near Hyderabad, Targets ₹1,000 Crore Revenue
Fabex Steel Structures has inaugurated a ₹120 crore manufacturing facility at Chityal near Hyderabad. The 40-acre unit boosts annual capacity to one lakh...
CREDAI and NAREDCO Urge RBI to Cut Repo Rate Below 5.5% to Boost Affordable Housing Demand
CREDAI and NAREDCO urge RBI to cut repo rate below 5.5% to boost affordable housing demand, homebuyer confidence, and real estate sector growth.
Steel Demand to Accelerate in H2FY25 as Construction and GST Cuts Drive Growth: Naveen Jindal
India’s steel demand is set to grow at double-digit rates in H2FY25, driven by post-monsoon construction, GST cuts on cement, and lower taxes...
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...
Specialty Steel PLI Scheme Attracts Rs 25,200 Crore Investment by 35 Companies
India’s push to promote domestic manufacturing is picking up speed, with 35 companies pledging a whopping Rs 25,200 crore to drive the specialty...
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...
Shyam Metalics Reports Surging YoY Stainless Steel & Aluminium Foil Sales, Despite MoM Dip
Shyam Metalics and Energy Ltd have shown strong YoY growth in February 2025 for sales of stainless steels and aluminium foils, aided by improved...
Steel Stocks Surge: Five Key Drivers Behind the Market Rally
The sectoral leader at Friday’s session was the Nifty Metal Index, which ended sharply higher, riding the wind after the monetary policy announcement...
JSW Steel Sees Growth in Crude Steel Production with 2.3% Rise to 7.03 million Tonne MT
JSW Steel, under its CEO Sajjan Jindal, delivered a 2.3 percent growth in the company’s crude steel production as reported in consolidated Q3...
Chennai United Metal Industries to Expand by ₹36 Crore
Chennai United Metal Industries is planning to enhance manufacturing capacity in Gummidipoondi, near Chennai, with an expansion plan of ₹36 crore and supply...
