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INDUCTION FURNACE
DPIIT rolls out multi-sectoral regulatory relaxations to bolster industrial supply chainsThe Department for Promotion of Industry and Internal Trade is ensuring continuous supply of fuel, gas, and essential raw materials. Measur...- Monolithisch's promoter Prabhat Tekriwal mints 3,390% returns as SME stock delivers 243% over IPO priceMonolithisch India promoter Prabhat Tekriwal has seen his pre-IPO stake surge by 3,390% to Rs 100 crore. The SME company, a remixed high-qu...
- Ashish Kacholia buys stake in recently listed multibaggerShares of Megatherm Induction listed with a massive premium of 108% earlier this week. Post the debut, the stock jumped further and is curr...
- Megatherm Induction shares list at 108% premium over issue priceMegatherm Induction's shares listed with a 108.3% premium on the NSE SME platform, debuting at Rs 220 compared to the issue price of Rs 108...
- Megatherm Induction IPO: Check status, GMP, listing date and other detailsMegatherm Induction's IPO received a strong response from investors, with a subscription rate of 190 times. The company is set to finalize ...
- Steel companies for easing GST burden on scrap metal used as inputThe All India Induction Furnaces Association, which represents 35% of the country's steel production capacity, has petitioned the finance m...
- Induction furnaces to make cash out of ash in Mandi GobindgarhDesigned with the help of Punjab State Council for Science and Technology, this system in Chandigarh collects five to six times more dust e...
- Tata Steel, JSW Steel shares climb as China eyes steel output cutDitiao steel, as brokerage CLSA suggested, is a rough concept of the low quality steel produced by induction furnaces, mostly medium freque...
- MSTC launches ‘M3 Metal Mandi’, a virtual market for metal transactionsAruna Sharma, union steel secretary said it will increase the demand of steel, especially since the government has made it a policy to use ...
- Steel industry seeks withdrawal of import duty on scrapThe steel industry today demanded withdrawal of 2.5 per cent import duty imposed on melting and stainless steel scraps.
- Budget 2013: AIIFA for amendment of 4a of the Central Excise ActAIIFA in its pre-budget memorandum has asked the government to amend section 4a of the Central Excise Act
- Budget 2013: AIIFA apprehensive on introduction of GSTBudget 2013 might see introduction of GST, hence the All India Induction Furnaces Association (AIIFA) shared some of its apprehensions rega...
- Budget 2013: AIIFA demands amendment in section 4AAIFFA requested to exclude the definition of related person for the excisable inter- connected undertaking i.e. where both selling and buyi...
- Budget 2013: AIIFA proposes deemed credit of duty on steel scrap for availing CENVAT creditThe All India Induction Furnaces Association (AIIFA) has proposed deemed credit of duty on steel scrap for availing CENVAT credit for consi...
- BIS norms to come in force for some steel products from SeptemberConsumers can soon expect standardised steel products meant for construction and infrastructure sectors, as BIS norms take effect from Sept...
- Steel producers seeks 'deemed credit' on local scrap unitsSecondary steel producers have sought from the Centre 'deemed credit' facility on scrap sourced locally from non-excisable units.
- 35 sponge iron plants, 46 induction furnace units closed in OrissaAt least 35 sponge iron plants and 46 Induction Furnace (IF) units in the state remain shut down pushing the fate of over 50,000 workers in...
- Steel prices in Punjab dip due to pace of construction workWith heavy rains slowing down the pace of construction work in the northern region, steel prices in Punjab have dipped by Rs 700 per tonne ...
- Steel rates in Punjab go down by Rs 1,300-2,000 per MTThe Punjab traders said that the rates are expected to fall down further by another Rs 1,000-1,500 per MT within a couple of days.
- Punjab induction furnaces face Rs 30 cr production lossAbout 150 induction furnaces in Punjab face a production loss of Rs 30 crore per day due to the indefinite power cut imposed on the sector.
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