JSW Steel posts three-fold jump in profit, lines up capacity expansionJSW Steel achieved an impressive three-fold rise in its consolidated net profit for the September quarter, highlighted by a record-breaking...
Diversification plan: NMDC scouts for mining assets across four continentsNMDC is actively seeking mining assets worldwide, including critical minerals to support various industries. The company aims to earn 20 pe...
JSW Steel and Japan's JFE to add 5 MT steel capacity at Odisha JV plant with Rs 7,500 cr investmentJSW Steel and JFE Steel have entered into a mutual agreement to enhance their joint venture steel initiative in Odisha. With a notable inve...
Core output grows at series high of 7.9% in SeptIndia's core sector output growth for September recorded a remarkable 7.9%, driven largely by expansion in coal and electricity. Notably, r...
India’s infrastructure output jumps 7.9% in September on strong coal, steel growthThe latest numbers from the Indian government show that the country's infrastructure output has jumped by 7.9% compared to last year, as of...
JSW Steel gets relief as Odisha HC quashes Rs 696 crore demand; sets aside Rs 1,473 crore noticeThe Odisha High Court has quashed a Rs 696.32 crore demand against JSW Steel over mineral dispatch shortfalls at its Jajang iron ore block ...
Why India's steel demand is defying global weaknessIndia’s steel prices are rising despite weak global markets, supported by infrastructure spending, manufacturing growth and higher input co...
New draft steel policy targets 604 million tonnes capacity by 2047India has unveiled a new draft national steel policy targeting 604 million tonnes capacity by 2047. The initiative also aims to increase ex...
India targets 604 MT steel capacity by 2047, plans to cut carbon intensity: ReportIndia's government has introduced a draft steel policy for public consultation, targeting a steel capacity of 604 million tons by 2047. The...
SC backs disposal of Goa iron ore dumps without fresh auctionThe Supreme Court has made a significant ruling in favor of the Goa government's approach to managing iron ore dumps. This decision allows ...
ET Evoke: ‘Shipping, moving 80% world trade, is far more volatile than stocks,’ says Harvard University's Myrto KalouptsidiMyrto Kalouptsidi, Harvard professor of international economics, explains how shipping disruptions at chokepoints such as Hormuz, Suez and ...
Backward integration, captive power seen aiding profitability of secondary steel playersSecondary steelmakers in India are improving profitability by investing in captive power and backward integration, helping offset volatile ...
SAIL H1 hot metal output 10.2 MT, up 2% on yearSteel Authority of India Ltd has set a new benchmark with a record hot metal production of 10.2 million tonnes for the period of April to S...
Steel Ministry asks SAIL, NMDC to scout overseas mineral assets for raw material securityThe Steel Ministry has instructed state-run steelmakers SAIL and NMDC to explore overseas mineral assets. This effort aims to secure long-t...
Essar-backed Mesabi Metallics to set up $15-billion steel plant in USMesabi Metallics will use iron ore for the Iowa plant from its mine in Minnesota, which was recently operationalised. The company has inves...
From India to Iowa: Ruias return to steel with an ambitious $18 billion US betRuias are planning a new steel venture in Iowa. This project involves a $15 billion steel plant, aiming to produce 10 million tonnes annual...
Essar to invest $18 billion in US, build America's largest steel plant in IowaEssar Group, through its subsidiary Mesabi Metallics, plans to invest USD 18 billion for a steel plant in Iowa. The facility aims to produc...