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Companies & Markets

The company’s total expenses jumped to Rs 24,825 crore, compared to Rs 23,209.88 crore in Q3 FY22

'Construction Costs Zoom 28% From Pre-Pandemic Levels'

Developers are likely to push new launches till the input prices further decline, as any further surge in the cost of construction materials would impact the timely delivery of ongoing projects

India's Finished Steel Imports From Russia Hit 4 -Year High

Russia's steel exports to India increased from about 34,000 tonnes exported a year earlier to 149,000 tonnes

Govt’s Duty Rollback Decision May Not Benefit Steelmakers: Experts

Also, the industry is concerned about any major uptick in the steel prices that may make the government reconsider export duties, said experts

ISSDA, SPA Ink Pact To Promote Innovative Use Of Stainless Steel

Through the memorandum of understanding (MoU), both institutions plan to promote innovative architectural technologies and materials across buildings and the construction industry with the common objective of advancing the field of architecture design, the Indian Stainless Steel Development Association (ISSDA) said

Specialty Steel: Govt Extends Deadline To Apply For PLI Scheme Till July 31

Initially, March 29 was the last date for manufacturers to apply for the benefits under the PLI (Production-Linked Incentive) scheme for speciality steel. It was later extended till April 30, and again to May 31, 2022. Then it was extended till June 30

Pakistan PM Sharif Announces 10% Super Tax On Large-scale Industries

World

After many meetings and hiccups, the two sides on Tuesday night reached a broader understanding to restore the package, providing a much-needed boost to Pakistan's economy

Deadline To Apply For Steel PLI Benefits Extended Till May 31

The deadline has been extended for the second time. Initially, March 29 was the last date for manufacturers to apply for the benefits under the PLI (Production-Linked Incentive) scheme for speciality steel. It was later extended till April 30

Vedanta To Invest $1.5 Bn Across Oil, Zinc, Steel business

Companies & Markets

It also approved a $466 million phase-2 expansion of the Gamsberg zinc project in South Africa and another $348 million for steel expansion.

Adani Group, POSCO Sign Agreement To Develop Steel Mill

Industrialist Gautam Adani-led Adani Group has signed a pact with South Korea's POSCO to explore business opportunities in sectors like steel, renewable energy among others

Finance Minister Holds Review Meeting On Capex For MoRTH, MoPNG, Steel

The review meetings were attended by Secretary (Economic Affairs), Secretary (MoRTH), Secretary (MoPNG), Secretary (Steel), Joint Secretaries (Economic Affairs) amongst other officials, the ministry said in an official release.

India's Core Industries Grew 4.4% In Sept 2021

Companies & Markets

The eight core industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP).

JSHL Commissions 26,000-tonne Precision Strip Mill In Hisar

In July, JSL had announced investing Rs 450 crore for expansion of its Specialty Products Division (SPD), of which Rs 250 crore was to be utilised towards scaling up precision strip manufacturing capacity.

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