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MUKAND STEEL
Mukand Sumi Special Steel to invest Rs 2,300 cr in greenfield project in KarnatakaMukand Sumi Special Steel will invest Rupees 2,345 crore for a new project in Kanakpura, Karnataka. This venture aims to boost the company'...- A Bajaj JV, one of India's oldest tie-ups, will get unstuck this weekSources close to both families say the separation has been in the works for several months now. Mukand has been languishing for years and b...
- Mukand Ltd completes sale of land in Thane for Rs 801 crore to NTT Global Data Centers Nav2Mukand in December 2020 entered into an agreement for the transfer of this 55-acre leasehold land and the accompanying structures at the Tr...
- Mukand Ltd to cut debt by Rs 1,200 crore post divestment in joint venture MSSSL“This divestment will be completed in tranches over the next one year.It will reduce the Company’s debt by around Rs 1,200 crore,” said the...
- Mukand Group to invest Rs 750 crore to boost steel-making capacity in South IndiaThe company plans both greenfield and brownfield expansion; move comes at a time when sector is seeing some consolidation
- Mukand aims to cut debt to Rs 1000 cr post JV with SumitomoThe JV is named Mukand Sumi Special Steel, in which the Japanese trading company has picked up 49% for a consideration of Rs 1,180 crore
- Japan's Sumitomo partners with Mukand to set up steel rolling mill in KarnatakaThe JV, Mukand Alloy Steel Pvt Ltd (MASPL), will set up a steel rolling mill unit at Hospet in Karnataka with an initial capacity of 3,75,0...
- Mukand Ltd to transfer its special and alloy steel business to Mukand Alloy Steels for Rs 1,590 croreCommenting on the development, Suketu V Shah, joint managing director, Mukand Ltd said, "we want to achieve a sharper focus in each busines...
- Mukand Ltd to transfer special & alloy steel business to a subsidiaryThe company said its Board, at a meeting held today, has given nod for the transfer of the special and alloy steel business by way of a slu...
- Mukand files papers with Sebi to raise Rs 160 crore via rightsSteel manufacturer Mukand Ltd has filed initial papers with market regulator Sebi to raise Rs 160 crore through a rights issue.
- Mukand may sell Thane land for Rs 600 croreSpeciality steel maker Mukand, jointly controlled by the Bajaj and Shah families, is close to selling a part of its land at Kalwa near Than...
- Fall in nickel may bring down steel prices by 7 pcDomestic stainless steel makers including Jindal Stainless, Mukand Steel and Shah Alloys are looking at reducing prices by up to 5-7 per ce...
- Mukand bags Rs 154-crore order from IISCOMukand Ltd has bagged an order of Rs 154 crore for the installation of a universal section mill in IISCO's steel plant in Burnpur.
- Mukand Steel signs JV with Belgium’s BekaertSpeciality steelmaker Mukand on Wednesday announced its joint venture with Belgium’s Bekaert - the world’s largest manufacturer of steel wi...
- Mukand enters JV with Belgium firm for steel productionMukand Ltd has entered into 50:50 joint venture with Belgium based NV Bekaert group to produce stainless steel wires.
- Mukand may offer equity stake to Bosch IndiaThe Rahul Bajaj-controlled speciality steel company Mukand is considering making an equity offer to German auto component maker Bosch India.
- Mukand gets speciality steely on MNCsSpeciality steelmaker Mukand, talking to global component makers like Mico Bosch and SKF to increase its marketshare in the automotive stee...
- Mukand to invest Rs 300 cr for expansionMukand Ltd, will embark on a Rs 300-crore capital expenditure plan for capacity expansion at its two brownfield facilities, and setting up ...
- Niraj Bajaj to take Mukand reinsRahul Bajaj to step down by month-end, Rajesh Shah to become co-chairman.
- Mukand profit up 30% as revenues cross Rs 2,000 crSpeciality steelmaker Mukand is investing Rs 300 crore to expand its capacity by 80% to 550,000 tonne by October this year.
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