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Latest Articles in Metals and Mining

JSW Ispat Special Products Posts Rs 28 Cr Net Loss In Q3 FY22

During the said quarter, the company saw its expenses soaring to Rs 1,504.70 crore against Rs 1,134.12 crore earlier.

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South Korea's POSCO, India's Adani Eye Steel Mill Project In $5 Bn Pact

The project is part of a pact between one of India's most powerful conglomerates and POSCO, giving the South Korean steel major a fresh opportunity to cash in on growing steel demand in the South Asian nation.

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Jindal Stainless Eyes Rs 500-cr Revenue From Chequered Sheet Biz In 3 Years

Jindal Stainless Limited (JSL) is aiming to garner a revenue of Rs 500 crore from its hot-rolled stainless steel chequered sheet business over the next three years.

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Jindal Steel Plans To Start Building Botswana Coal Mine Next Year: Report

The bidding for the 300MW power plant tender is down to three after Maatla Resources pulled out, citing challenges in accessing funding among other reasons.

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Tata Steel BSL Posts Over 5-fold Jump In Q2 Net Profit To Rs 1,837 Cr

In a BSE filing, the company said it had clocked a net profit of Rs 341.71 crore during the corresponding period of the previous financial year 2020-21.

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Unprivileged Eyes On Downstream Aluminium: The Versatile Metal Anticipating Prominence

As a strategic metal, Aluminium will continue to play a crucial role as India goes through a phase of further industrialization. Being a corrosion-resistant & electrically conductive metal impermeable to air, water, ultraviolet, and microorganisms and particularly strong, it is ideal for many uses.

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Coal India's Capex Growth Zooms Twofold To Rs 1,840 Cr In Q1

This is a quantum leap of 109 per cent over the first quarter of FY21 when the capex spend on these infra projects was Rs 241 crore.

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Taxes Embedded In Primary Input Steel Not Factored In RoDTEP Rates: EEPC

Engineering Export Promotion Council of India chairman Mahesh Desai noted that the RoDTEP rates will only partially compensate for the un-rebated taxes, while a huge portion of the duties on the raw-material stage will continue.

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Tata Steel Returns To Black; Q1 Profit At Rs 9,768 Cr

Total income zoomed to Rs 53,534.04 crore during the quarter under review from Rs 25,662.43 crore a year ago.

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Coal India Retains Production And Offtake Momentum In May

In April, coal production stood at 41.9 million tonnes compared to 40.4 million tonnes in the year-ago period, recording a growth of 3.7 per cent.

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Drone Deployment By Coal India Arm Delayed By COVID-19

Central Mine Planning and Design Institute (CMPDI), the research and technical arm of the miner, is one of the organisations in the country to introduce drones for conducting coalfield survey.

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Government Mulls making Scrap Recycling an Organized Sector

Institution of BIS quality standards and SOPs to help reduce dependence on sub-standard scrap imports

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Only One Bid Received Out Of Four Coal Mines Put Up For 2nd Attempt Of Auction: Coal Minister

The Minister said as per the provisions, in case there is only one technically qualified bidder, such bidder shall be the qualified bidder.

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Aluminium Industry Seeks 5% RoDTEP Rate To Boost Exports

The situation for exporters further aggravates with withdrawal of MEIS. and till date the exporters are unable to avail the MEIS benefit for exports already made during FY-20 and FY-21 (Apr-Dec) due to blocking of online MEIS module for applying claims.

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ArcelorMittal Announces $1 bn Fixed Cost-reduction Programme; To Cut 20% Staff

In an update for the October-December quarter of 2020 and full year 2020, ArcelorMittal said the USD 1 billion structural fixed cost-reduction plan aims to maintain competitiveness in the post COVID-19 environment.

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