news

JSPL records a 28% YoY rise in monthly steel sales volumes with the revival of domestic demand

05 Jun, 2020

Jindal Steel & Power Limited has recorded the highest ever standalone steel sales of 640,000 tonnes in May 2020,which is a remarkable growth of 28% as compared to sales of 500,000 tonnes during the same period in the previous year. Out of 640,000 tonnes of total standalone sales, 4,01,000 tonnes are

Tata Steel Limited approves allotment of 4000 NCDs

05 Jun, 2020

The Committee of Directors of Tata Steel Limited has today approved allotment of 4,000 - 8.08% p.a Unsecured, Rated, Listed, Redeemable, Floating Coupon, Non-Convertible Debentures of face value Rs. 10,00,000/- each, for cash aggregating to Rs. 400 crore, to identified investors on private placement

Need to consume domestic coal instead of imported fuel to cut forex costs: Coal India tells NRS

05 Jun, 2020

The development assumes significance as Coal India (CIL), which accounts for over 80 percent of the domestic fuel output at present, has sufficient fuel to cater to the demand.

Sponge iron industry gains on double-digit drop in FY20 steel imports

05 Jun, 2020

The double-digit drop in India’s FY20 steel imports has augured well for the domestic sponge iron industry, which saw a 7 per cent rise in its production.

India’s BSE prepares for steel billet futures launch

05 Jun, 2020

BSE, formerly known as the Bombay Stock Exchange, has announced that it is preparing for the launch steel futures in the near future, starting from the futures trading of steel billet, though the timeline has not been specified yet.

Jindal Stainless Limited Export Orders Rebound in May-June period

05 Jun, 2020

India’s largest stainless steel manufacturer Jindal Stainless Limited has regained its footing in export volumes by ramping-up production for global markets. With India yet to completely lift the lockdown, JSL’s strategic initiative to recapture volumes in the export markets is yielding encouraging