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Adani Group Embarks on $5 Billion Metals Venture to Compete with Industry Majors
The Adani Group is poised to invest $5 billion in India’s metals sector over the next three to five years, marking its entry...
Balmer Lawrie Partners with GATX for Steel Transport, Eyes Growth in Rail Logistics
Balmer Lawrie & Co. Ltd., a Miniratna I Public Sector Enterprise under the Ministry of Petroleum and Natural Gas, has joined forces with...
India’s Steel Exports Up 11% in October; Imports Decline 4% Amid New Standards
Indian steel exports saw an 11% sequential rise in October, reaching 0.44 million tonnes (mt), marking the first increase this fiscal year. Imports...
India’s Coal Imports See 7.8% Rise in H1 FY25 Amid Healthy Domestic Stock and e-Auction Supply
India’s coal imports rose by 7.8% to 140.60 million tonnes (MT) in the April-September period of FY25, compared to 130.34 MT during the...
Tata Steel Returns to Profit with Rs 759 Crore in Q2 FY25; Revenue Declines Due to Import Pressures
Tata Steel Ltd. reported a consolidated net profit of Rs 759 crore for Q2 FY25, reversing the previous year’s loss of Rs 6,511...
Jindal Steel and Power Ltd Reports 38% Drop in Q2 Profit to Rs 860 Crore Amid Revenue Decline, Expands Production Capacity
Jindal Steel and Power Ltd (JSPL) reported a 38% decline in its consolidated net profit for the September quarter, registering Rs 860 crore,...
India Expedites Visa Process for Chinese Experts in Steel Sector
India’s Steel Ministry is taking decisive steps to accelerate visa processes for Chinese technicians and experts essential for the Production Linked Incentive (PLI)...
JSW Steel USA to Invest $110 Million in Texas Steel Operations
JSW Steel USA, a subsidiary of India’s JSW Steel, has announced a significant investment of $110 million to upgrade its operations at the...
India Plans Enhanced Trade Terms with South Korea in FTA Upgrade
India is currently engaged in an inter-ministerial consultation process aimed at preparing an “offer list” as part of the planned revamp of the...
India Becomes Steel Importer Amid Surging Global Trade Shifts
In a significant development for the steel industry, CRISIL’s latest sectoral report reveals that India has transitioned into a steel importer in FY2024....
