VMS TMT's Rs 148.50-cr IPO subscribed 102.26 timesThe initial public offering (IPO) of TMT bars manufacturer VMS TMT Ltd garnered a whopping 102.26 times subscription on the closing day of ...
Steel firm Rhetan TMT plans to set up 2 MW solar plant for captive useRhetan TMT Ltd plans to establish a 2 MW solar power plant at its Kadi manufacturing facility in Gujarat. The solar plant will be for capti...
India's infra push to raise demand for TMT bars: Industry playersIndia consumed 50.3 million tonnes (MT) of TMT bars in FY23, up from 46 MT in the previous fiscal. Domestic manufacturers collectively prod...
Tax evasion of Rs 730 cr by TMT bar makers detectedAll iron and steel items are subject to 18% GST. The Meerut unit of DGGI had received intelligence that several TMT bar makers were filing ...
Fake courier service: How a gang duped thousands and also sold data to other cyber criminalsPolice in Bihar made a significant breakthrough by apprehending the mastermind, Sourav Kumar, behind a massive scam that defrauded over a t...
Domestic demand for TMT bars to normalise by Oct: ElectrosteelElectrosteel Steels Ltd. (ESL) had exported about 50% of the steel produced in March. However, the export percentage has come down to zero ...
TMT bars demand to normalise by October: ElectrosteelDomestic demand for TMT bars is at about 85% of pre-Covid levels and is inching up, said Pankaj Malhan, chief executive, Electrosteel Steel...
Kamdhenu Limited posts 20% rise in profit in H1 of FY20The company said in the face of headwinds in the domestic steel sector, it recouped its business strategy by reducing B2B trading sales and...
SAIL launches new brand of TMT barsThe production of these TMT bars began in SAIL’s IISCO Steel Plant on May 1 and the first consignment was flagged off on May 6, 2019.
Aim to emerge as most-preferred brand in steel bar segment: Sunil Kumar Agarwal, Kay2 SteelAlthough Kay2 Steel is the youngest manufacturer of TMT bars in India, it is an amalgamation of experience, innovation and quality.
Steel Exchange India bags conversion order to roll RINL's billets into TMT barsAndhra Pradesh-based Steel Exchange India has received a conversion order from Rashtriya Ispat Nigam Ltd (RINL) to roll out TMT bars from b...
- Sul Steel starts testing labs
Sul Steel Private, a leading manufacturer of steel products like, TMT bars, rounds, flats, channels and other structural items under the 'S...
- SAIL increases long products prices by up to Rs 3,000/tonne
Buoyed by rising demand from the construction sector, SAIL has jacked up prices of long products by up to Rs 3,000 a tonne with effect from...
- Mahalaxmi Group to commission its second rolling mill at Howrah
Mahalaxmi Group, manufacturers of TMT bars and stainless steel products, is set to commission its second rolling mill at Howrah, next month.
- Essar Steel launches TMT bars
Flat steel maker Essar Steel on Sunday launched its branded thermo mechanically treated (TMT) bars, Essar Heera, to cater to the country's ...
- Government to slash cess on TMT bars
In what may turn out to be a big bonanza for the construction sector, the government on Tuesday decided to slash 14% countervailing duty (C...
- New-gen steel for modern buildings
Thermo-mechanically treated (TMT) bars are a recent technological advancement for the production of high-strength steels bars for concrete ...