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Steel Sector
Business  /  Published 08.11.21

JSPL to invest Rs 18,000cr

Steel producer JSPL plans to invest Rs 18,000 crore to boost its Angul steel capacity to 12 million tonnes (mt) by 2023. “We are investing about Rs 18,000 crore to increase the Angul plant capac...
By R. Suryamurthy in New Delhi

Business  /  Published 05.11.21

Costly coking coal hurts steel

Runaway coking coal prices coupled with a limited scope to raise prices may keep margins under pressure for Indian steelmakers using the blast furnace route to produce the metal. Companies who have a...
By Sambit Saha in Calcutta

Business  /  Published 25.10.21

JSW plans big expansion, banks on cash flow

JSW Steel is on the cusp of a major expansion, aiming to double capacity to 36.5 million tonnes a year. Basking in the after-glow of record-breaking profits, the company says it may not need to take o...
By Sambit Saha in Calcutta

Business  /  Published 30.07.21

Dumping duty review

The government is probing the price of imported steel wire rods from China to assess whether it should continue with the anti-dumping duty on the item. Indian companies such as RINL, SAIL and JSW have...
By Our Special Correspondent in New Delhi

Business  /  Published 30.07.21

Arcelor-Nippon Steel PAT rises 50%

ArcelorMittal Nippon Steel (AM/NS) India, formerly Essar Steel Ltd, has reported a 50 per cent jump in earnings for the second quarter of 2021 at $607 million (Rs 4,500 crore) compared with the p...
By Our Special Correspondent in Calcutta

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Business  /  Published 23.07.21

BPCL: 100% FDI allowed

The government has sweetened the BPCL privatisation offer by tweaking the foreign direct investment policy to allow 100 per cent ownership of a state-owned refinery by global players through the ...
By Our Special Correspondent in New Delhi

Business  /  Published 08.05.21

Duty waiver fillip for steel

Indian steel mills are likely to benefit from China’s move to withdraw export rebates of 13 per cent on 146 steel products and remove import duty on crude steel, pig iron and scrap on April 28, ...
By Our Special Correspondent in New Delhi

Business  /  Published 12.03.21

Recovery signals in core sectors

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By Our Special Correspondent in New Delhi

Business  /  Published 09.12.20

Bengal: steel exports hit hard

The lockdown at the beginning of the year coupled with an ongoing shortage of iron ore have dented steel export out of Bengal. Data available with the Exim Bank, the public sector lender which facili...
By Our Bureau in Calcutta

Business  /  Published 01.09.20

Core output shrinks 9.6%

The core factory output contracted 9.6 per cent in July, for the fifth consecutive month, because of a decline in the production of steel, cement and refinery products. The production of eight core s...
By Our Special Correspondent in New Delhi


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