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In a high-level meeting with top officials on Wednesday, the Minister emphasised the necessity of increasing steel production to make the plant profitable. He reviewed detailed reports on the company's activities, financial status, production levels, and new initiatives
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During its subscription phase, Vraj Iron IPO receives 174 times subscription from Qualified Institutions, whereas overall issue fills 126.36 times
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Vraj Iron and Steel IPO closes on 28 June. The allotment is scheduled on 01 July, followed by the listing on the NSE and BSE on 03 July
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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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