Government's decision to remove import duty on certain raw materials of steel industry will lead to lower costs for domestic steel manufacturers
All infrastructure projects with over Rs 500 crore investment, would now route through PM GatiShakti's network planning group
To 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 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
A 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 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 will look to grow organically and is under "no pressure" to look at fresh acquisitions during this decade
Tata 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 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 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 has approved the first interim dividend of Rs 31.5 per equity share for 2022-23 amounting to Rs 11,710 crore
Russian and Indian officials met last week in an effort to resolve an impasse over the shipping of coking coal to Indian steelmakers
Power Ministry has favoured a proposal of passing on the cost of generating electricity using high-priced imported coal, to consumers
Government 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 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