Mixed Reactions By Steel Industry On Export Duty Hike, Import Duty Waiver
Edited by Animesh Singh | Monday May 23, 2022Government's decision to remove import duty on certain raw materials of steel industry will lead to lower costs for domestic steel manufacturers
Infrastructure Projects To Be Routed Via GatiShakti Panel: Finance Ministry
Press Trust of India | Sunday May 22, 2022, New DelhiAll infrastructure projects with over Rs 500 crore investment, would now route through PM GatiShakti's network planning group
Export Duty On Iron Ore Hiked Up To 50% To Increase Domestic Availability
Press Trust of India | Sunday May 22, 2022, New DelhiTo facilitate greater domestic availability, the duty on exports of iron ore has been hiked by up to 50 per cent by the Government
Shree Cement's March Quarter Profit Falls 16% Year-On-Year To Rs 645 Crore
Edited by Animesh Singh | Saturday May 21, 2022Shree Cement witnessed a 16 per cent fall in its standalone fourth quarter net profit, which stood at Rs 645 crore in the March quarter of 2021-22
After $10.5 Billion Deal, Gautam Adani's Open Offer, Priced $6.5 Billion
Press Trust of India | Monday May 16, 2022A day after announcing $10.5 billion deal to acquire Holcim's India business, the Adani family has made an open offer to acquire a 26 per cent stake each in its two listed companies Ambuja Cements and ACC Ltd from public shareholders.
Adani Forges $10.5 Billion Deal And Forays Into Cement Production: Highlights
Edited by Rahul Karunakar | Monday May 16, 2022Adani Group buys Holcim's stake in Ambuja cements and its subsidiary ACC in the most expensive ever, with a price tag of $10.5 billion (around Rs 81,361 crore). That marks the ports-to-energy conglomerate's entry into the cement sector and makes it the second-largest cement producer in the country.
Tata Steel To Focus On Organic Growth, Fresh Acquisitions Unlikely This Decade, Says CEO
Press Trust of India | Sunday May 08, 2022, KolkataTata Steel will look to grow organically and is under "no pressure" to look at fresh acquisitions during this decade
Tata Steel March Quarter Profit Sees 37% Rise To Rs 9,835 Crore
Press Trust of India | Tuesday May 03, 2022, New DelhiTata Steel on Tuesday posted a 37 per cent jump in consolidated net profit at Rs 9,835.12 crore for the quarter ended March 2022
Jindal Stainless' March Quarter Profit Sees 156% Jump
Press Trust of India | Monday May 02, 2022, New DelhiJindal Stainless Ltd posted a 156 per cent jump in consolidated net profit at Rs 749.88 crore for March quarter, mainly on account of higher income
UltraTech Cement's March Quarter Net Profit Rises 47% To Rs 2,613.75 Crore
Press Trust of India | Friday April 29, 2022, New DelhiUltraTech Cement on Friday reported an increase of 47.32 per cent in its consolidated net profit at Rs 2,613.75 crore for March quarter
Vedanta Limited Announces Rs 11,710 Crore Dividend
Edited by Animesh Singh | Friday April 29, 2022Vedanta Limited has approved the first interim dividend of Rs 31.5 per equity share for 2022-23 amounting to Rs 11,710 crore
India And Russia Hold Talks To Resume Coking Coal Supplies: Report
Reuters | Monday April 25, 2022, NEW DELHIRussian and Indian officials met last week in an effort to resolve an impasse over the shipping of coking coal to Indian steelmakers
As Power Crisis Looms, Government Favours Passing Generation Cost On Customers
Edited by Animesh Singh | Wednesday April 20, 2022, New DelhiPower Ministry has favoured a proposal of passing on the cost of generating electricity using high-priced imported coal, to consumers
Steel Minister Asks Companies To Raise Capex By 80% Till 2030-31
Edited by Animesh Singh | Tuesday April 19, 2022Government has asked steel companies to raise their capex by 80 per cent from the current levels to reach 45 million tonnes per annum by 2030-31
Jindal Steel's Production Rose In March Quarter of 2021-22
Press Trust of India | Monday April 18, 2022, New DelhiJindal Steel and Power Limited (JSPL) on Monday posted a 2 per cent rise in steel production at 2.11 million tonnes in the quarter ended March 2022
