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JSW Living Pvt Ltd is a joint venture between JSW and Piramal Enterprises. Bhushan Steel shares soared close to 20 per cent to hit upper circuit limit of Rs 53.85 on BSE. Trading volume spurted more than 1.37 times on BSE with over 27 lakh shares changing hands, exchange data showed. The stock surged 19.91 […]

Tata Steel Managing Director and CEO TV Narendran today inaugurated a Rs 57 crore primary crushing plant at West Bokaro in Jharkhand. The new facility will help Tata Steel meet the requirement of coal for its steel works at Jamshedpur and Kalinganagar, the company said in a statement. The primary crushing plant (PCP3) has been […]

Mittal expressed optimism about the Indian steel industry and said it has submitted a detailed plan that would address many of Essar’s operational issues that had dragged the firm into bankruptcy. “Offer submitted today by AMIPL includes a detailed investment plan to address operational issues in Essar’s existing asset base,” Mittal said in a statement. […]

Tata Steel will finance the repair of a blast furnace at Britain’s largest steelworks in Port Talbot, Wales, extending its life by seven years and soothing concerns about its commitment to Europe’s steel sector, four sources told Reuters. Tata Steel signed a preliminary deal last year to merge its European steel assets with those of […]

Tata Steel has launched two new products, Tata Aggreto and Tata Nirman, India’s first branded LD slag products for applications in road, fly ash brick and clinker making. The addition of these two branded products in Tata Steel’s portfolio will be significant for the company and the industry at large, since it marks the first […]

ARS Steels has drawn up an investment plan worth Rs 240 crore to expand its business. Company will make an investment of Rs 40 crore in expansion and modernisation of its plant in Chennai. The company will expand the capacity of the plant from 1.8 lakh tpa to 2.3 lakh tpa by March 2019. ARS […]

A consortium of Aion Capital Partners and JSW emerged the strongest contender for acquiring Monnet Ispat and Energy Ltd., one of the initial 12 companies shortlisted by the Reserve Bank of India (RBI) for insolvency proceedings. Tata Steel, Anil Agarwal-led Vedanta Group and Hong Kong-based SSG Capital were among those evaluating the asset but people […]

Steel Authority of India (SAIL) has finalised terms for a Rs.6,000 crore steel plant with Arcelor Mittal to cater to the automobile sector. A joint venture deal has been in the works for more than two years for the project. Agreement for the automotive grade steel plant is likely to be approved next week by […]

3 private industrial parks entailing a total investment of Rs.1,640 crore will come up in Odisha. State government has approved proposals of Jindal Stainless Steel, Gitanjali Infratech, and Welspun to set up industrial parks in the state.Jindal Stainless Steel will set up a downstream stainless steel park at Kalinganagar. The proposed plant will have around […]