Retail investors can bid for the maximum of 13 lots, while for the 1 lot of 72 shares, the minimum investment required is Rs 14,904
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The PLI scheme for specialty steel has seen 57 Memorandums of Understanding (MoUs) signed, promising an investment of Rs 29,500 crore and an additional capacity of 25 million tonnes by FY28
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This follows the Ministry of Steel’s initiative, launched in November of last year, to bolster the national identity of Indian steel products
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Jindal Stainless Ltd (JSL) has finalised the acquisition of the remaining 46 per cent stake in Chromeni Steels Private Ltd (CSPL)
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The new plant, which has received initial board approval, will be located near the existing IISCO Steel Plant and will have a production capacity of 4.08 million tonnes (mt)
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Steel demand has been buoyant in India, the world's second-biggest crude steel producer, as the country remained a bright spot globally with robust demand from its construction and automotive sectors
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The statement follows recent UK media reports indicating that the Labour Party has urged Tata Steel to pause the restructuring process until after next month’s general elections
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In May, finished steel imports were recorded at 0.55 mt, a 13 per cent year-on-year increase from 0.49 mt
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According to ICRA’s latest note on the steel sector, domestic steel mills are expected to see an increase in earnings in Q1 FY2025 due to favourable trends in input costs and rising steel prices
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As of 31 March 2024, Tata Steel's net debt stands at Rs 77,550 crore. Despite this, the company highlighted its strong liquidity position, with group liquidity at Rs 31,767 crore, including cash and cash equivalents of Rs 9,532 crore
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