Infrastructure

Mixed Reactions By Steel Industry On Export Duty Hike, Import Duty Waiver

Mixed Reactions By Steel Industry On Export Duty Hike, Import Duty Waiver

Edited by Animesh Singh | Monday May 23, 2022

Government'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

Infrastructure Projects To Be Routed Via GatiShakti Panel: Finance Ministry

Press Trust of India | Sunday May 22, 2022, New Delhi

All 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

Export Duty On Iron Ore Hiked Up To 50% To Increase Domestic Availability

Press Trust of India | Sunday May 22, 2022, ​ New Delhi

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's March Quarter Profit Falls 16% Year-On-Year To Rs 645 Crore

Shree Cement's March Quarter Profit Falls 16% Year-On-Year To Rs 645 Crore

Edited by Animesh Singh | Saturday May 21, 2022

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

After $10.5 Billion Deal, Gautam Adani's Open Offer, Priced $6.5 Billion

After $10.5 Billion Deal, Gautam Adani's Open Offer, Priced $6.5 Billion

Press Trust of India | Monday May 16, 2022

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 Forges $10.5 Billion Deal And Forays Into Cement Production: Highlights

Adani Forges $10.5 Billion Deal And Forays Into Cement Production: Highlights

Edited by Rahul Karunakar | Monday May 16, 2022

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 To Focus On Organic Growth, Fresh Acquisitions Unlikely This Decade, Says CEO

Tata Steel To Focus On Organic Growth, Fresh Acquisitions Unlikely This Decade, Says CEO

Press Trust of India | Sunday May 08, 2022, Kolkata

Tata 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

Tata Steel March Quarter Profit Sees 37% Rise To Rs 9,835 Crore

Press Trust of India | Tuesday May 03, 2022, New Delhi

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' March Quarter Profit Sees 156% Jump

Jindal Stainless' March Quarter Profit Sees 156% Jump

Press Trust of India | Monday May 02, 2022, New Delhi

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's March Quarter Net Profit Rises 47% To Rs 2,613.75 Crore

UltraTech Cement's March Quarter Net Profit Rises 47% To Rs 2,613.75 Crore

Press Trust of India | Friday April 29, 2022, New Delhi

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 Announces Rs 11,710 Crore Dividend

Vedanta Limited Announces Rs 11,710 Crore Dividend

Edited by Animesh Singh | Friday April 29, 2022

Vedanta 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

India And Russia Hold Talks To Resume Coking Coal Supplies: Report

Reuters | Monday April 25, 2022, NEW DELHI

Russian 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

As Power Crisis Looms, Government Favours Passing Generation Cost On Customers

Edited by Animesh Singh | Wednesday April 20, 2022, New Delhi

Power 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

Steel Minister Asks Companies To Raise Capex By 80% Till 2030-31

Edited by Animesh Singh | Tuesday April 19, 2022

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's Production Rose In March Quarter of 2021-22

Jindal Steel's Production Rose In March Quarter of 2021-22

Press Trust of India | Monday April 18, 2022, New Delhi

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