[ad_1] NEW DELHI: The demand for steel in India is expected to register a ‘healthy growth’ of 8.6 per cent against the overall global rise of 1.8 per cent in 2023, worldsteel said on Tuesday. It forecasts that global steel demand will grow 1.8 per cent in 2023 and reach 1,814.5 MT after having contracted […]
India to see growth in steel demand at 8.6 pc in 2023: worldsteel – ET Infra Read More »
[ad_1] The Tin Plate Company of India Ltd (TCIL) on Monday said its net loss had narrowed to Rs 2.29 crore in the September quarter. It had clocked a net loss of Rs 35.10 crore during the July-September period of the preceding financial year, TCIL said in a regulatory filing. The company earned a total
Tata Steel arm TCIL Q2 net loss narrows to Rs 2.29 crore – ET Infra Read More »
[ad_1] The financial agency said it seized evidence hidden with the close confidantes of then MD Neeraj Singal. The ED said in a statement that during searches various incriminating documents or digital records were recovered and seized that were hidden with key employees or confidants of Neeraj Singal. The agency also seized cash to the
ED searches 30 locations in Rs 56,000 cr money laundering probe – ET Infra Read More »
[ad_1] MUMBAI: Neo Asset Management has bid to buy ₹300 crore of debt owed by Steel Exchange of India to Edelweiss Alternatives. The private credit loan will be used to refinance the existing debt, where the interest rate is 21.5%. “Neo Asset Management has given a non-binding offer to acquire Steel Exchange of India’s outstanding
Neo Asset bids for Steel Exchange’s Rs 300-crore debt – ET Infra Read More »
[ad_1] Aluminium producers’ association AAI has sought government’s intervention for notification of rates for aluminium special economic zones and export oriented units (EOUs) under the RoDTEP scheme. The Aluminium Association of India (AAI) in its representation to the government has suggested that this would help boost the country’s exports and encourage a favourable business landscape
Aluminium industry seeks govt intervention to notify rates for SEZs – ET Infra Read More »
[ad_1] Global body worldsteel on Monday said it has elected Leon Topalian as its Chairman and India’s T V Narendran as one of its Vice-Chairman. Topalian is the President & CEO of Nucor Corporation and Narendran is the MD & CEO of domestic steel giant Tata Steel. Jeong-Woo Choi, the CEO of POSCO Holdings, was
World Steel Association appoints new heads, India’s T V Narendran is VC – ET Infra Read More »
[ad_1] The bankruptcy court has approved the acquisition of Topworth Steel and Power Pvt Ltd by Amalgam Steel and Power Limited. The company had admitted liability of about ₹3,499 crore, whereas the successful bidder proposed to pay around ₹260 crore. “The overall feasibility and viability of the plan stands unaltered,” the division bench presided over
Amalgam steel’s acquisition of topworth gets NCLT nod – ET Infra Read More »
[ad_1] India’s cement industry is unable to compete in the overseas markets owing to duty-free imports of the commodity in the country coupled with the duties that domestic producers need to pay for raw materials, the PHD Chamber of Commerce and Industry (PHDCCI) has conveyed to the commerce and industry ministry. The industry body has
Cement industry struggles to compete in oversees markets – ET Infra Read More »
[ad_1] NEW DELHI: Tata Steel Long Products Ltd (TSLP) on Friday said its consolidated net loss narrowed to Rs 460.23 crore during the September quarter. It had clocked a net loss of Rs 661.80 crore in the year-ago period, the company said in a regulatory filing. The company’s total income rose to Rs 3,005.46 crore
Tata Steel Long Products Q2 Results: Net loss narrows to Rs 460 crore – ET Infra Read More »
[ad_1] MUMBAI: Tata Steel, Asia’s oldest manufacturer of the primary infrastructure alloy, plans to meet at least a fourth of its energy requirements through green energy by FY30 on its path to become net neutral on carbon emissions by 2045. It plans to do so using a mix of hydrogen injections and renewable energy including
Tata Steel plans to meet 25% of energy needs via green sources – ET Infra Read More »
