steel industry news
RINL to Monetise ₹200 Cr in Land Assets in FY26 Amid Financial Strain
In a continued effort to stay afloat amid mounting financial pressure, state-run steelmaker Rashtriya Ispat Nigam Ltd (RINL) has identified non-core land parcels...
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...
ArcelorMittal’s 1GW Green Power Project Begins Supplying Clean Energy to AM/NS Steel Plant
ArcelorMittal’s $700 million Andhra Pradesh green power project has finally commenced supplying green power to AM/NS India-owned Hazira steel plant in Gujarat owned...
Steel Ministry Plans Dedicated Mining Arm for SAIL to Boost Iron Ore Output
To boost iron ore production, the Steel Ministry is contemplating setting up a separate mining vertical within the Steel Authority of India Ltd...
Govt Reviewing Supreme Court Verdict That Voided JSW Steel’s ₹19,700-Cr Bhushan Deal
The Indian government is in the process of framing its response to the Supreme Court’s recent decision cancelling JSW Steel’s ₹19,700-crore takeout of...
Vardhman Special Steels to Set Up New ₹2,000 Crore Greenfield Plant in Punjab
Vardhman Special Steels Ltd. has declared the plan to establish a greenfield steel plant in Punjab, to increase its production capacity by two-fold...
JSW Steel Shares Surge After NGT Clears Dolvi Plant Non-Compliance Case
JSW Steel shares surged 3.6% on Monday following the National Green Tribunal (NGT) rejection to hear a case against JSW Steel’s Dolvi Plant...
JSW Steel Becomes World’s Most Valuable Steelmaker with $30.3 Billion Market Cap
JSW Steel headed by Sajjan Jindal turns out to be the world’s most valuable steel manufacturer, surpassing global heavyweights like ArcelorMittal and Nucor...
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...
India Proposes 12% Safeguard Duty on Steel Imports to Protect Domestic Industry
The Indian industry was seeking safeguard measures given the surge in steel imports from countries, particularly from China and Vietnam. The provisional duty recommendation was...
