Welspun Maxsteel, a subsidiary of Welspun Corp, makes sponge iron, which is used to make steel in an electric arc furnace.

Meanwhile, JSW Steel said it has surplus pellets in its subsidiary Amba River Coke Ltd and the same would be supplied to Welspun Maxsteel.

"JSW is expecting to cut production costs by Rs 2,500 a tonne. The current production cost stands atRs 24,000 per tonne," the second person...

JSW Steel to acquire Welspun Maxsteel in a move aimed at sourcing cheaper raw material, cutting production cost & strengthening its presenc...

Chairman Sajjan Jindal said the company is targeting a steelmaking capacity of 40 million tonnes per annum till 2025.

Both cos signed a MoU after a financial due diligence by EY. The deal will help JSW cut production cost by supplying surplus raw material t...

JSW Steel has begun talks to purchase smaller rival Welspun Maxsteel for about 1,000 crore, two people familiar with the development said.

Leading domestic manufacturer of sponge iron has written to RBI to look into what it terms a spike in illegal imports of the steel industry...

Apollo Global will invest Rs 2,250 crore to buy equity stakes in two Welspun Group companies and will guide Welspun to own iron ore mines t...

Welspun Maxsteel (WMSL) today announced a Rs 5,300-crore expansion plan, including raising DRI capacity to 1.7 million tonne per annum.

B K Goenka-owned Welspun on Wednesday said private equity firm Apollo will invest Rs 2,250 crore in its group firms.

Shares in Welspun Corp were trading higher on Wednesday extending its gains from previous session on fund raising plans via private equity ...

Bombay HC reserved its judgment on the issue of supply of reduced gas from RIL, to sponge iron making units such as Welspun Maxsteel and Is...

Steel manufacturers hit out at 'unilateral' decision of the Oil Ministry to curb natural gas supplies from KG-D6 fields to non-core users s...

Falling in line with an oil ministry order, Reliance Industries today cut natural gas supplies to non-core users like refineries and steel ...

Industry experts say that the iron ore exports by Sesa Goa has become less lucrative post a 20% export duty introduced by the government.

Apollo Management and Citi Venture Capital are in negotiations to pick up an equity stake of about 25% in Mumbai-based Welspun group’s unli...