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Latest Articles in steel

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

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

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

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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

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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.

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India's Core Industries Grew 4.4% In Sept 2021

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

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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.

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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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JSW Steel Posts Rs 5,900 Cr Profit For Q1

Total income during the quarter under review jumped to Rs 29,100 crore from Rs 11,914 crore in the same period of the preceding financial year.

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Tax Reduction, Pandemic-Driven Cost Cuts Buoys India Inc Net By 105% In FY21: Report

The tax cut has contributed 19 per cent to the topline of these companies during the pandemic with cement, tyre and consumer durables gaining in excess of 50 per cent

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JSW Steel Output Grows 39 % To 4.10 MT In Jun Qtr

The capacity utilisation level of the company came down to 91 per cent during the quarter under review, compared to 93 per cent a year ago due to a shortage of oxygen supply, which was diverted for medical purposes to combat the COVID-19 virus.

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JSW Cement Enters Construction Chemicals Biz, Launches Green Products

JSW Cement has established a 0.3-million-ton manufacturing facility in Ballari in Karnataka to produce its construction chemical product range.

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Govt To Notify PLI Scheme For Auto Components, Steel, Textile: Official

India is pitching itself to be part of this global supply chain by attracting investments in these PLI sectors

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Output of eight core industries shrinks by 1.3 pc in Dec 2020

Output of eight core industries shrinks by 1.3 pc in Dec 2020

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JSPL Swings Into Black, Posts Rs 2,432-Cr Net Profit In Dec Quarter

JSPL's total expenses were at Rs 7,878.86 crore, compared to Rs 7,767.37 crore earlier. Part of the OP Jindal Group, JSPL has a presence in steel, power, mining and infrastructure sectors.

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