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
Union Minister for Steel and Heavy Industries HD Kumaraswamy said the Vizag steel mill will not be privatised.
Declaring that the plant is a vital source of livelihood for a large number of people, the central government bears the responsibility to safeguard it. He also expressed confidence that the plant will realise its maximum potential and help India's GDP develop with the backing of Prime Minister Narendra Modi.
Steelworkers' unions have been demonstrating against the planned privatisation of VSP for the last three years.
The plant's production has been lowered due to financial difficulties. It is seeking a working capital of ₹3,110 crore from the federal government, as well as three years of tax respite and an assured supply of raw materials.
Also Read : Govt lists financial services in IFSCs: includes bookkeeping, taxation, and compliance Eyes of Singareni Bayyaram iron ore, to extend global reach
1GW renewable project completes grid sync Power supply begins for Nippon Steel’s Indian plant...
Business 09-May-2025
India's steel consumption witnessed robust double-digit growth in the last fiscal year, driven by in...
Oil & Gas 20-Mar-2025
Chinese steel is cheaper by up to 12% than Indian steel in local markets. Indian producers seek gov...
China 17-Apr-2025
The International Energy Agency (IEA) stated that India, the third-largest oil importer and consumer...
Oil & Gas 12-Jun-2024
✔️ Ukrainian Railways transported 6.1 million tons of iron ore in January-February.✔️ Key export mar...
Raw Material 13-Mar-2025
The Directorate General of Trade Remedies (DGTR), under the commerce and industry ministry, has reco...
Taxation 18-Aug-2025