Tata Steel has inaugurated ‘Jubilee Park’ built by it at Chaibasa, as part of its commitment towards community development. Built at a cost of Rs 10 crore, Tata Steel along with KRG Rainwater Foundation, Chennai has revamped the lake to give it a new face. The project involves beautification and resurrection of the lake by … Read more
JSW Steel has acquired an aggregate of 60.004% of the share capital of Dolvi Minerals and Metals Private (DMMPL), a company engaged in the business of acting as traders, whole-sellers and retailers in all forms of metallic and non-metallic minerals, which includes coal and lignite, coal products and iron steel products, from the existing investors … Read more
Coal India is currently trading at Rs. 277.85, up by 2.10 points or 0.76% from its previous closing of Rs. 275.75 on the BSE. The scrip opened at Rs. 276.00 and has touched a high and low of Rs. 280.20 and Rs. 275.20 respectively. So far 85319 shares were traded on the counter. The BSE … Read more
JSW Steel has emerged as the preferred bidder for an iron ore mine in the state of Karnataka. The cumulative revenue from the block over the period of 50 years is Rs 1,705.39 crore with an additional contribution of Rs 1,449.58 crore through auction. Besides this block, four more iron ore mines in Karanataka, were … Read more
Coal India has decided to increase the tenure of fuel supply pacts to be signed with the steel industry to 10 years in a bid to reduce dependence of steel sector on imported coal. The new fuel supply agreement (FSA) tenure would be applicable from the fourth tranche of the auction of coking coal linkages … Read more
Tata Steel’s wholly owned indirect subsidiary — TS Global Minerals Holdings Pte has entered into an agreement to divest its entire stake in its wholly owned step down subsidiary Black Ginger 461 Pty which in turn holds 64% in Sedibeng Iron ore Pty, South Africa, which is the operating company. The stake has been divested … Read more
JSW Steel has reported crude steel production of 4.18 million tonnes (MT) in Q2FY19, a growth of 6% compared to 3.94 MT over the corresponding period in 2018. The production of rolled products (flat) increased to 2.96 MT compared to 2.89 MT in Q2FY19, representing a growth of 2%. The production of rolled products (long) … Read more
