Steel Making

NTPC-SAIL Power Company is a joint venture between power generation company NTPC and steel maker SAIL

Vesuvius India: Capex to drive earnings growth

Vesuvius India is the second-largest player in the refractory market, with a strong global parentage

Plan to raise Rs 40 cr via sale of 2 arms: Gallantt Ispat

"We are planning to sell-off both these subsidiaries and we aim at raising about Rs 40 crore of capital through this sale subject to board of directors' approval", Mayank Agrawal, CEO of Gallantt Ispat told CNBC-TV18.

Essar Steel says 'worst times' over, March a turnaround qtr

The firm claims its production has doubled since November last year and is operating at 70 per cent capacity utilisation at present resulting in an improvement in Ebidta margin, which has risen to 18-20 per cent from 5 per cent in November 2015.

NMDC may clock lowest average realisation in current fiscal

NMDC's average realisation in the first three quarters of the current fiscal stood at Rs 3,823 per tonne against Rs 4,019 per tonne in the entire last fiscal, company documents showed. In the previous two fiscals, the average realization was even better.

Mines Min examining 5% export duty on iron ore pellets

Pellets are value-added products of leftover material or low grade iron ore and are used in steel-making. In recent times, they have emerged as a major product for iron and steel industry in the country due to scarcity of ore in some regions following mining bans in Karnataka and Goa.

Severstal hopes to sort out differences on JV with NMDC

Russian steel producer Severstal today said it hopes to sort out differences on shareholding issue for the proposed steel-making joint venture with NMDC that involves Rs 16,000 crore investment in Karnataka.