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VIKRAM ISPAT
Top losers of Wednesday's early sessionIn the Nifty pack, 26 stocks were trading in the green, while 23 stocks were in the red.- JSW Steel to buy Welspun Maxsteel for Rs 1,000 crore"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 buy Welspun Maxsteel for about Rs 1,100 croreJSW Steel to acquire Welspun Maxsteel in a move aimed at sourcing cheaper raw material, cutting production cost & strengthening its presenc...
- Emami Group, Vikram Solars and others announce new investment proposals worth Rs 1,470 croreThe announcement is expected to boost the industrialisation process in the state, industrialists present at the venue claim.
- JSW Steel in talks to buy Welspun unit for up to Rs 1,000 croreJSW Steel has begun talks to purchase smaller rival Welspun Maxsteel for about 1,000 crore, two people familiar with the development said.
- SN Jajoo steps in as CMO of UltraTechAfter appointing OP Puranmalka as the next CEO of UltraTech Cement, the Aditya Birla Group has named SN Jajoo as chief marketing officer of...
- RIL signs gas sale purchase agreement with Essar Steel, IspatReliance Industries on Monday signed gas sale agreements with steel makers including Essar Steel and Ispat Industries for supplying 3.75 mm...
- Govt asks Reliance to sell gas to Essar, IspatAllocation will boost the profitability of steel firms, which had been buying expensive LNG or naphtha to meet feedstock shortage.
- Steel cos may get a share of KG gasGovt plans to allot natural gas from Reliance Industries’s Krishna Godavari (KG) basin to steel companies affected by the shortage of the c...
- Welspun ties up Rs 700 crore for Vikram Ispat buyWelspun Power and Steel has raised Rs 700 crore debt from a consortium of 20 domestic banks to part finance its Rs 1,030-crore acquisition ...
- Welspun Power to go ahead with expansionWelspun Power and Steel, part of Welspun Group, is confident of completing its brownfield expansion in three years. It is in talks with sup...
- Welspun Gujarat stalls Rs 5k-cr expansionWelspun Gujarat Stahl Rohren is learnt to have deferred a Rs 5,000-crore backward integration plan due to weak macro-economic conditions.
- Export cess hike may not hit sponge iron cosDomestic sponge iron makers which includes firms such as Jindal Steel and Power, Monnet Ispat and Vikram Ispat may not face the heat of the...
- Grasim sells sponge iron biz to Welspun Power for Rs 1,030 crThe SPV would use the funds inducted by Welspun to make the payment to Grasim.
- Steel min seeks gas on a par with fertiliser sectorThe steel industry has joined the list of sectors that are unhappy with the government’s gas utilisation policy.
- Railways cut port levy on iron ore for local useFreight rate for iron ore is set to come down further with the Railways deciding to remove the 30% port congestion surcharge levied on the ...
- Steel cos now plan production cutGas-fired steel companies that account for a fifth of the country’s total steel output are actively considering a production cut.
- Mining shares gain on price hike hopes; NMDC up 10%Shares in mining and mineral companies were up 5-10 per cent on hopes of higher mineral prices, such as iron ore and coke, after state-run ...
- Aditya Birla Group may enter alloy steel productionThe country's second largest non-ferrous producer Aditya Birla Group is likely to enter into alloy steel production with a 2 million tonne ...
- BR Nahar is Birla Corp's new CEOBirla Corporation’s board on Thursday appointed its executive president BR Nahar as its executive director & chief executive officer.
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