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523 news items from India. Show all
India's DEE Development Engineers announced that it has bagged two international orders from Mitsubishi Heavy Industries, Japan and GE Vernova International. DEE Development Engineers has secured two international…
Tata Steel and Welspun Corp have teamed up to produce hydrogen-compliant grade steel pipes designed for the safe transportation of gaseous hydrogen. Their collaboration has resulted in the successful development and…
Indian state-owned iron ore miner NMDC reported an 11pct YoY decline in production, totaling 2.17 mln tons in July. In the same month last year, the company produced 2.44 mln tons, according to a BSE filing. However…
Tata Steel Ltd reported a consolidated profit of INR 960 crore (USD 114.6 mln) for the quarter ending June 30, 2024, marking a 51pct increase YoY. However, revenue from operations fell by 8pct YoY to INR 54,771 crore…
India's Jindal Saw reported strong net profit growth for the quarter ending June 30, 2024. Net profit surged 70.5pct YoY to INR 416.4 crore (USD 49.7 mln), while revenue grew 12.1pct YoY to INR 4,984.8 crore (USD 595…
India's steel industry is seeking government support for a level playing field amid challenges from cheap imports, according to Sajjan Jindal, chairman and managing director of JSW Steel. At the company's annual general…
Indian steel manufacturer Jindal Steel & Power reported a 21pct decline in net profit for Q1 FY25, ending June 30, 2024, with a profit of INR 1,337.92 crore (USD 159.8 mln), down from INR 1,691.8 crore in the same…
Indian Finance Minister Nirmala Sitharaman has proposed eliminating the import duty on ferro-nickel, a key raw material for stainless steel production, and extending the duty exemption on ferrous scrap imports. "To…
JSW Steel Limited, a major Indian steel producer, has reported its financial results for the first quarter of fiscal year 2025, which ended on June 30, 2024. In Q1 FY25, the company's consolidated profit fell by nearly…
The Competition Commission of India (CCI) has approved the indirect acquisition of Arjas Steel Private Limited (ASPL) and its wholly owned subsidiary, Arjas Modern Steel Private Limited (AMSPL), by The Sandur Manganese…
Hi-Tech Pipes Ltd., a leading steel tubes and pipes manufacturer in India, has achieved its highest-ever sales volume in Q1FY25. The company reported a significant 45pct increase, reaching a total sales volume of…
India was a net importer of steel in Q1 FY25 (April to June), with imports exceeding exports by 0.6 mln tons. Finished steel exports declined consistently due to poor global demand and competition from China, while…
Tata Steel has announced plans to double its manufacturing capacity in India, increasing production from 21 mln tons per annum to approximately 40 mln tons per annum. The company primarily operates in Jamshedpur…
The supply of Cold Rolled Grain Oriented (CRGO) steel, essential for transformer manufacturing, has been severely disrupted, impacting India's power sector expansion plans, according to a report by local media platform…
JSW Steel reported a 1pct YoY decrease in consolidated crude steel production for the first quarter of FY25, reaching 2.09 mln tons, according to a stock exchange filing. The company attributed this decline, which also…
India's Shyam Metalics and Energy announced a significant increase in its stainless steel production, which surged 100.69pct YoY to 7,015 tons in June 2024, compared to 3,496 tons in June 2023. However, the production…
Tata Steel reported a 5pct YoY increase in crude steel production to 5.25 mln tons in Q1 FY25 in its Indian operations. However, production was lower compared to the previous quarter due to planned maintenance…
The Steel Executives Federation of India (SEFI) has urged the steel ministry to merge state-run Rashtriya Ispat Nigam Limited (RINL), Ferro Scrap Nigam Limited (FSNL) and Nagarnar steel plant with the Steel Authority of…
Steel Exchange India announced the progress of its expansion projects in a stock exchange filing. The company has allocated INR 60 crore (USD 7.1 mln) in capital expenditure to increase the installed capacity at its…
Steel Authority of India Limited (SAIL) has awarded a contract to Primetals Technologies to design, supply, and install a new hot-blast stove for blast furnace No. 5, 'Kalyani,' at the IISCO steel plant in Burnpur…
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