Ankit Miglani

Ankit Miglani, Director, Uttam Galva says the deal will reduce the manufacturing cost of hot-rolled coils.

Higher steel safeguard duty will hurt end users:Uttam Galva

Uttam Galva has Rs 3750 crore of debt on its books. The company's Deputy Managing Director, Ankit Miglani does not expect any increase in debt, but sees a tough year ahead

Steel companies fear recession if metal fall continues

Raising concerns over the price cut, Ankit Miglani, Deputy Managing Director, Uttam Galva says “every month prices will correct downward in near future until the global prices stop falling”.

Govt hikes import duty on steel products to stop China dump

Yielding to steel ministry requests, the government on Wednesday hiked import duty on long steel products from 5.5 percent to 7.5 percent and that of flat steel product from 7.5 percent to 10 percent. The import duty on stainless steel products remained unchanged.

To drive expansions via Shree Uttam merger: Uttam Galva

Uttam Galva steel is hopeful of an improvement in the ferrous sector's performance going forward. It is also positive on the merger of Shree Uttam Steel and Power with Uttam Galva.

See stable steel prices; lean inventories: Uttam Galva

Though prices have gone up by about Rs 3,000 month-on-month, it has primarily been on the back of exchange rate fluctuations. In dollar terms, prices have not increased at all.

Uttam Galva to use QIP funds on downstream facility

Uttam Galva Steels plans to use the funds raised through qualified institutional payments for strengthening its downstream facilities.

Uttam Galva to scale up exports by 50%, expand product mix

In an interview to CNBC-TV18, Ankit Miglani, deputy managing director, Uttam Galva gives details on the company's plans to scale up exports to achieve an equilibrium in the exports and domestic sales.

Uttam Galva Group confident of turning Lloyds Steel around

Uttam Galva group, which recently acquired a majority stake in the ailing Lloyds Steel, on Friday said that it would turn around the fortunes of the acquired company and planned doubling of the operating profit in about a year.

Local iron ore prices higher owing to supply constraints

In an interview to CNBC-TV18, Ankit Miglani, deputy MD of Uttam Galva said that weak demand situation from automobile sector, white goods and construction has severely affected steel prices.

Not in talks with Lloyds Steel for stake buy: Uttam Galva

Ankit Miglani, deputy managing director of Uttam Galva today clarified that though Lloyds Steel has a strategic fit with Uttam Galva but the company is not in talks with Lloyds Steel for stake buy.

Indian steel price to rise up $50 by month end: Uttam Galva

Ankit Miglani, Director, Uttam Galva clarified that rumours on Uttam Galva looking to buy stake in Lloyd Steel were false. He expects domestic steel prices to rise by about USD 50 by the end of the month.