Steel prices in India remain competitive compared to international markets: India’s steel ministry

Driven by the market dynamics, steel prices in the country have risen but are still competitive as compared to prices of the metal in the international markets, a steel ministry official said during a CII meet.  Steelmakers in the country have reportedly raised prices of benchmark hot-rolled coil by up to Rs 3,500 a tonne […]

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Tata Steel posts Q1 profit of Rs 9,768 crore

Tata Steel posted a consolidated net profit of Rs 9,768.34 crore for June quarter 2021-22. In the year-ago period, the company incurred a net loss of Rs 4,648.13 crore, Tata Steel said in a BSE filing. Total income soared to Rs 53,534.04 crore during the quarter under review from Rs 25,662.43 crore a year ago. […]

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JSPL announces Rs 1 lakh crore plus investment in Odisha during the next 10 years

Jindal Steel and Power Limited (JSPL) will invest over Rs 1 lakh crore in Odisha to create employment opportunities in the state, its Chairman Naveen Jindal has said. The industrialist said this responding to a meeting chaired by Odisha Chief Minister Naveen Patnaik last week in which five major industrial projects worth Rs 1,46,172 crore […]

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Tata Steel Mining to acquire Rohit Ferro-Tech under NCLT

The National Company Law Tribunal (NCLT) has approved the resolution plan for acquisition of ferro alloys and stainless steelmanufacturer Rohit Ferro-Tech’s (RFTL) by a subsidiary of Tata Steel, Tata Steel Mining.  This is yet another acquisition for Tata Steel through a wholly owned subsidiary, under the Insolvency and Bankruptcy Code. The Committee of Creditors (CoC) of Rohit-Ferro Tech Ltd has declared Tata […]

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