The steel makers had reported the ratio of net debt to EBITDA in the range of 1.6-1.7 times in preceding financial year (FY) 2022-23, Crisil Ratings said in a report.
The company will supply the composite solutions from its partner manufacturing facilities spread across India to Integral Coach Factory (ICF), Chennai
The minister further asked the industry stakeholders to share their suggestions and feedback so the next PLI Scheme for specialty steel can be prepared at the earliest
A sharp rise in met coal prices in fiscal 2023 increased the cost of production of Indian steel mills by 50 per cent
The new grade steel structures will help the nation to reduce dependence on imports
India is the fourth largest producer of zinc contributing to six per cent of the world's capacity alone, he said adding 80 per cent of the non-ferrous metal produced in the country is consumed domestically
On Wednesday, Odisha received investment intent of Rs 26,000 crore in various sectors as Chief Minister Naveen Patnaik met Japanese industrialists in Tokyo.
JSW Steel on Monday reported a 15% rise in crude steel production at 18.91 lakh tonnes in January
The firm had clocked a net profit of Rs 4,516 crore in the year-ago period, it said in a regulatory filing
This will be the sixth tranche of auction under which a total of 141 blocks, including 132 coal and nine lignite mines will be put on the block, he told PTI
Supported by the government's infrastructure-led growth model, domestic finished steel demand has registered a double-digit growth of 11.9 per cent in the...
Steel Minister Jyotiraditya Scindia said India intends to double its steel production to 300 million tonnes per annum by 2030
India had produced 9.88 MT of steel during the same month of 2021
The WTO report assumes significance for India also, as the country in 2018 too had approached the Geneva-based WTO against the US move to impose these duties
The move follows the removal of export duty on steel products to nil effective November 19, 2022, the steel minister said terming it a "progressive decision"
In 2019, the then BJP-led government had started supply of power at Rs 5 per unit for steel units in Marathwada, Vidarbha and Khandesh, but this relief was...
On Saturday, the government ended the levy on export taxes on steel and iron ore, six months after it was imposed.
AMNS India on Friday commenced a Rs 60,000-crore expansion project to scale up its Hazira plant capacity to 15 million tonne (MT) from 9 MT at present.
The government's strong infrastructure push, and an expected pick-up in private capex will play a crucial role in determining whether India is able to achieve...
The country had produced 29.31 MT of steel during the same quarter in the preceding 2021-22 financial year, according the data shared by SteelMint.
The rating agency estimates come ahead of earnings for the June quarter by a majority of companies, which come amid adverse events like the impact on...
Tata Steel India registered over a six per cent rise in output at 4.92 MT as compared to 4.63 MT it had produced during April-June 2021-22
Till now only 10 applications have been received from the players looking to invest under the Rs 6,322-crore scheme which was launched in July last year.
On Saturday, the government announced waiving of customs duty on the import of some raw materials, including coking coal and ferronickel, used by the steel...
India exported 13.5 MT finished steel amounting to Rs 1 lakh crore and imported steel of around Rs 46,000 crore during FY22.
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