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Tata Steel to focus on turning around European operations and not to raise more debt this fiscal

Sitting on a debt pile of Rs 1.08 trillion-partly because of two major buyouts in the domestic last fiscal-the country's largest alloy maker has decided not to leverage further this year.

JSW Steel rolls out JSW Platina as total investment in tin plate almost touches Rs 1,000 crore

ET had reported on Wednesday that the company has ramped up investments at its Tarapur works facility in Maharashtra

NCLAT dismisses plea against insolvency of Tayo Rolls

The National Company Law Appellate Tribunal (NCLAT) has dismissed the plea filed against the ongoing insolvency of Tayo Rolls Ltd, a subsidiary of Tata Steel, filed by some of its employees.

SAIL ties up with Dept. of Commerce for e-trade

SAIL has signed an MoU with the Ministry of Commerce that will ensure that their transactions happen through the ministry's e-Marketplace.

GeM, SAIL ink pact to set up project management unit

SAIL has become the first public sector undertaking to establish GOTT PMU for transforming their procurement landscape and increasing their footprint on GeM.

Steel makers may see up to 20% rise in cost: Crisil

In March 2020, leases for more than 30 iron ore mines, which account for nearly 62 million tonnes (mt) of ore — comprising 50-55% of Odisha’s output and 10% of other states’ production of around 10 mt — are expiring.

Essar Steel’s April-June operating profit at a record Rs 1,120 crore

Operating profit is also 2.5% higher than the same period last year and more than double of the March quarter, when low steel prices had hit realisations for the entire steel industry.

Steel makers without captive mines are likely to face up to 20% hike in costs

In FY2019, domestic production of ore is estimated at around 207 mt, 65-70% of which was by merchant miners and the rest by captive steelmakers.

JSW Steel lines up Rs 419 crore to step up its tinplate capacity

In the last financial year, JSW Steel spent ₹575 crore in building a 2.5-lakh-tonne tinplate mill with related facilities at its Tarapur unit.

Bhushan Power ‘fund diversion’ under CBI lens

CBI FIR says Rs 2,348 crore allegedly routed to over 200 'shell and bogus' entities.

JSW Steel seeks immunity from litigation against Bhushan Power

JSW Steel seeks immunity from litigation against Bhushan Power

JSW Steel approaches NCLT in the wake of fraud cases reported by lenders of Bhushan Power and Steel.

NCLAT to hear ArcelorMittal's plea on EPC Construction on August 8

NCLAT to hear ArcelorMittal's plea on EPC Construction on August 8

A three-member bench has asked the parties to complete their pleading by filing their reply and rejoinder over it, and directed to list the matter on August 8.

Sales improve 16% in the first quarter: Tata Steel

Sales improve 16% in the first quarter: Tata Steel

Production in the first quarter went up 20 per cent to 4.37 million tonne (mt), the company said.

Not backing out from buying Bhushan Power, but anxious about alleged fraud reports: JSW tells NCLT

Not backing out from buying Bhushan Power, but anxious about alleged fraud reports: JSW tells NCLT

PNB reported a fraud worth Rs 3,805.15 crore by BPSL by misappropriating bank funds and manipulating its books of accounts.

Chandrayan 2 mission to use Indigenously  developed special grades of stainless steel in its cryogenic rocket engines

Chandrayan 2 mission to use Indigenously developed special grades of stainless steel in its cryogenic rocket engines

This 2.3 mm thick sheet has been used in the cryogenic engine (CE20) divergent of the Chandrayan mission.

Allahabad Bank reports Rs 1,775 crore fraud by Bhushan Power & Steel

Allahabad Bank reports Rs 1,775 crore fraud by Bhushan Power & Steel

Allahabad Bank reported fraud of over Rs 1,774 crore by Bhushan Power and Steel to the Reserve Bank of India.

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