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Govt Enforces ‘Melt and Pour’ Rule for All Steel in Public Projects Nippon Steel expected to finalize U.S. Steel acquisition at $55 per share NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis

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India's infra drive to surge demand for TMT bars

According to the industry analysts, the government's attempts to support su...

08 May 2024 02:23 PM IST Construction

India becomes top global buyer of seaborne coking coal, plans to expand steel capacity

India has eclipsed China and Japan as the world's top importer of seaborne...

08 May 2024 12:48 PM IST Ferrous

Govt completed 281 central infra projects in FY24

The government completed work on 281 central government projects costing ov...

08 May 2024 12:41 PM IST Construction

Govt evaluating RBI proposal to raise infra provisioning

The government is reviewing Reserve Bank of India draft rules requesting to...

08 May 2024 12:03 PM IST Taxation

China's 2024 iron ore imports seen to be around 1.17-1.18 BMT

China, the world's largest importer of iron ore, is likely to import betwee...

08 May 2024 11:14 AM IST Ferrous

Roads & power dominate as construction tender volume up by 96% in Q4 FY24

The number of construction tenders witnessed a 96% year-over-year increase...

07 May 2024 06:17 PM IST Construction

Construction equipment sales up 26% to 1,35,650 units in FY24

According to a report, the government's infrastructure-led growth goal gene...

07 May 2024 05:36 PM IST Construction

Jindal Stainless supplies special alloy steel sheets to DRDO’s SMART system

Jindal Stainless, India's biggest stainless steel manufacturer, has announc...

07 May 2024 04:31 PM IST Large Corporate

Sri Lanka inks 20-year power purchase deal with Adani Green

According to a cabinet statement, Adani Green Energy Ltd. of India and Sri...

07 May 2024 03:28 PM IST Business

India's steel imports from China surged 58% in Jan-Mar quarter

India's steel imports from China increased by 58% during the January–...

07 May 2024 02:43 PM IST Ferrous

Railways expect 1.46% increased freight loading in April 2024

Indian Railways loaded 128.29 million tonnes (MT) of goods in April 2024, w...

07 May 2024 12:52 PM IST Logistics

India’s coking coal import port traffic high 13% in April

According to data sourced from the Indian Ports Association (IPA), India's...

07 May 2024 12:45 PM IST Ferrous

India's renewable bids hit 69GW in FY2024

According to a research by the Institute for Energy Economics and Financial...

07 May 2024 12:12 PM IST Renewables

Cheap Chinese steel floods into India at an 8-year high

China's property market collapse has left its steelmakers with an oversuppl...

07 May 2024 10:52 AM IST Ferrous

EU approves Nippon's takeover of US Steel, despite Biden's objections

The European Union authorised Japan's Nippon Steel's $14 billion takeover o...

06 May 2024 06:27 PM IST Large Corporate