India–US Trade Tensions Rise Over Steel and Auto Tariffs NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
Maruti Steel Limited (MSL), an Indian manufacturer of steel pipes and tubes, would invest an estimated $24 million to expand its existing mill in the southern state of Andhra Pradesh, according to company sources.
They stated that the increased investment will increase the capacity for electric resistance welded (ERW) steel pipe production by 600,000 metric tonnes per annum (MTPA).
The company also intends to generate additional capital through the public offering of shares to finance the construction of new steel mills in northern India and Odisha in the east that will produce galvanised pipes, galvanised hot dip iron, and galvalume pipes.
Also Read : Inox Wind bags 1,500 MW wind energy order from CESC ONGC, IOC, other oil PSUs to invest ₹1.2 lakh crore in FY25
Steel Authority of India Ltd (SAIL) has firmed up plans to build a state-of-the-art steel plant at B...
Mid Corporate 13-Jun-2024
Union Commerce and Industry Minister Piyush Goyal on Wednesday said the PM Gati Shakti mechanism, a...
Press Releases 11-Jan-2024
1️⃣ India reviews the impact of US duties on steel and aluminium exports.2️⃣ Govt may explore trade...
Announcement 29-Mar-2025
Union Minister Nitin Gadkari revealed that the ambitious frontier highway project in Arunachal Prade...
Construction 13-Mar-2024
Leading oil producer ONGC and largest power company NTPC in India have entered into a joint venture...
Mid Corporate 08-Feb-2024
Indian steel stocks—JSPL, JSW Steel, Tata Steel, and SAIL—are at a crossroads as global...
Business 08-Mar-2025