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Steel Industry News

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Mahindra Ugine to spend Rs366.5 mln on new plant

Wednesday 1st Jun 2011 1208

Mumbai : Mahindra Ugine Steel Company Ltd said on Friday its board approved investing Rs 366.5 million to set up a stamping unit at Pantnagar in Uttarakhand.

The unit would meet....

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JSPL to augment Oman plant capacity to 5 mn tonne by 2016

Wednesday 1st Jun 2011 1208

New Delhi : Jindal Steel and Power (JSPL) today said it will expand the capacity of its 1.5 million tonne steel plant in Oman to about 5 million tonne by 2015-16. JSPL, through....

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Essar Steel to revisit bond markets again

Tuesday 31st May 2011 1206

Mumbai : Waiting for market improvement; likely to revive last year’s plan of refinancing debt in coming quarter.

On its way to be a 10-million tonne steel company, Essar Steel India has....

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Indianconstructionindustry news alert:Mukand plans price hike by up to Rs 3,000/ tonne in July

Monday 30th May 2011 1208

Mumbai : Specialty steel major Mukand plans to raise the prices of its products by Rs 2,000-3,000 per tonne in July, a top company official said today.We plan to raise our....

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Indianconstructionindustry Newsalert:Tata Steel remains top sectoral choice

Saturday 28th May 2011 1210

New Delhi : Tata Steel reported good consolidated PAT of R1,900 crore in Q4FY11, up 115% q-o-q but down 29% y-o-y and ahead of general expectations. Ebitda was R4470crore, about 5% lower....

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