Arcelor entry will energise India’s steel sector: Pradhan
ArcelorMittal, the world's biggest producer of the alloy, is entering India at a time when the sector is going through a lean phase, facing a demand slump. Other steelmakers shared Pradhan’s sentiments about ArcelorMittal’s entry into India. ArcelorMittal’s presence will bring in new technology, and have a longer-term impact on prices and the steel product basket.
Buy JSW Steel, target Rs 242: CK Narayan
Buy JSW Steel Ltd. at a price target of Rs 242.0 and a stoploss at Rs 230 from entry point.
‘Easing input prices, higher demand to help JSW Steel’
The performance of the company’s smaller subsidiaries was also weak, resulting in consolidated profit before tax falling 62 per cent QoQ.
ArcelorMittal India entry: Domestic steel firms say more players in market to spur innovation
Last week, the Supreme Court paved the way for ArcelorMittal's takeover of debt-ridden Essar Steel for Rs 42,000 crore and set aside the July 4 NCLAT order giving equal status to financial creditors and operational creditors. Following the verdict, ArcelorMittal said it expects to complete the acquisition of the debt-ridden company by the end of this year
Share market update: Power shares gain; Adani Transmission surges 9%
The S&P BSE Power index was trading 1.25 per cent up at 1941.08 .
JSW Ventures appoints Sachin Tagra as Partner
JSW Ventures is an early-stage, tech-focused, venture capital fund
Share market update: Power shares gain; Kalpataru Power rises 2%
The S&P BSE Power index was trading 0.09 per cent up at 1915.98.
Share market update: Metal shares shine; NMDC climbs 4%
The Nifty Metal index was trading 1.23 per cent up at 2634.75 .
Share market update: Metal shares shine; Vedanta up 1%
The Nifty Metal index was trading 0.86 per cent up at 2602.75 .
Buy JSW Steel, target price Rs 237: Kunal Bothra
Kunal Bothra recommended to keep stoploss at Rs 216
ED's Bhushan Power & Steel move vindicates stand: JSW
India’s second-largest steelmaker has offered to acquire BPSL, but sought immunity from litigation related to alleged frauds at the bankrupt company.
JSW Steel slashes capex by Rs 4,700 crore on demand slowdow
JSW Steel had earlier planned to spend Rs 15,700 crore this year on various organic expansion programs.
Steel companies may be permitted to divert ore from captive mines to other units
As per the new reform initiative proposed for mining, the Centre would permit steel producers to use an identified portion of iron ore from their captive mines allotted prior to the auction regime for use by any other of their entities or joint venture operations.
Share market update: Metal shares decline; MOIL down 2%
The Nifty Metal index was trading 0.21 per cent down at 2596.5 .
JSW Energy in talks to acquire GMR Kamalanga Energy
GMR Kamalanga Energy has a 1,050 megawatt operational coal-based power plant located at Kamalanga Village in Dhenkanal district of Orissa
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