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JINDAL STEEL EXPANSION
Steel giants step on capex pedalJSW, Tata, SAIL, JSPL are set to hike capex up to 65%; spending surge defies West Asia cost pressures.- Wars in West Asia and Ukraine are turning shipping costs into steel sector’s biggest headacheIn the face of a daunting 28-30% increase in international freight costs, India's steel sector is at a crossroads. The unrest in West Asia ...
- JSW Motors ties up Rs 8,000 crore funding from India’s top bankJSW Motors, part of Sajjan Jindal's business empire, has secured a significant 80 billion rupee funding line. This financial boost from Sta...
- Steel giant Jindal India completes Rs 1,500 cr expansion in West BengalJindal India Ltd has finished its Rs 1,500-crore expansion in West Bengal. A new colour coating line is now operational at its Howrah facil...
- ‘Europe will become irrelevant for us’: JSW Steel doubles down on India growth with massive capex planJSW Steel plans to double its capacity with minimal external capital, driven by strong domestic demand and a focus on maintaining market sh...
- Buy, Sell or Hold: Citi maintains sell on Hindustan Zinc; Motilal Oswal raises target price on Gopal SnacksBrokerages issued mixed calls across metals and consumer stocks. While Motilal Oswal remains upbeat on Jindal Steel & Power and Gopal Snack...
- Jindal Stainless Q4 Results: Co posts quarterly profit jump on strong domestic demandJindal Stainless has seen a significant profit increase of 42.7 percent in its fourth quarter. This growth is attributed to robust domestic...
- HSBC assigns a 'Buy' to JSW Steel, Jindal StainlessHSBC has initiated coverage on JSW Steel and Jindal Stainless with Buy ratings, anticipating a multi-year demand upcycle fueled by infrastr...
- Tata Steel shares jump 2% to fresh record high: What's driving the gains?Tata Steel shares surged to a new record high on Tuesday. This rise followed the Odisha High Court's decision to quash state government dem...
- Are metals turning defensive? 5-year returns rival, even beat traditional safe havensMetal stocks are outperforming defensive sectors, delivering strong returns driven by structural demand shifts and supply constraints. Fact...
- JSW Motors plans to open own showrooms before India car debutJSW Motors is preparing to launch company-owned showrooms across India ahead of its first vehicle debut later this year. The conglomerate a...
- Industrial AI startup Intellithink raises Rs 17 crore in round led by Pentathlon VenturesAnicut Capital and Veltis Capital participated in the round. The Bengaluru-based industrial AI startup serves over 50 enterprises, includin...
- Tata Steel's T V Narendran says West Asia conflict is raising costs for steel industryGeopolitical tensions between Iran and the United States are driving up costs for India's steel industry. Rising freight and insurance rate...
- Jindal Stainless commissions 1.2 MTPA stainless steel melting shop project in IndonesiaJindal Stainless has commissioned a 1.2 million tonnes stainless steel melt shop in Indonesia, boosting its total annual melting capacity t...
- Jindal Steel doubles Angul plant capacity to 12 MTPAJindal Steel has successfully doubled its Angul steel making capacity to 12 million tonnes per annum. This expansion makes the Angul facili...
- Jindal Steel to double structural steel capacity at Raigarh plantJindal Steel is set to double its structural steel manufacturing capacity at its Raigarh facility to 2.4 million tonnes per annum by mid-20...
- Jindal India to invest Rs 1,500 crore to expand production capacityJindal India, a downstream steel player, plans to invest Rs 1,500 crore to boost its annual production capacity to 1.6 million tonnes. The ...
- Coalgate will not come in way of JSPL's Odisha expansion: V K MehtaThe coalgate controversy will not come in the way of expansion of Naveen Jindal-owned Jindal Steel and Power Ltd at Angul in Odisha.
- JSPL to augment Oman steel plant capacity to 5 MTPA by 2016Jindal Steel and Power said it will expand the capacity of its 1.5 million tonne steel plant in Oman to about 5 million tonnes by 2015-16.
- Jindal Stainless eyes European service centreJindal Stainless (JSL) is eyeing a steel service centre in eastern Europe for value addition of stainless steel.
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