The Indian primary steel industry has witnessed a sharp rebound from the second half of fiscal 2021 despite the challenges posed by the Covid-19 pandemic. While the pandemic-related risks persist, sector analysts MANISH GUPTA & NAVEEN VAIDYANATHAN of CRISIL Ratings believe growth momentum for the steel industry could sustain in FY2022. This would help steel makers fortify balance sheets even as they continue to invest for future growth.
Category: Materials
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Secondary steel sector to play key role in achieving NSP targets
Minister of State for Steel, Faggan Singh Kulaste has said that the secondary steel sector will play an important role in achieving the 300 million tonne (MT) target of steel capacity by 2030-31, as laid out in the National Steel Policy-2017.
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Cement Manufacturers’ Association (CMA) and trade unions sign a new wage pact
The Cement ManufacturersĂâ Association (CMA) and Federation of major central trade unions (INTUC, AITUC, BMS, HMS, and CITU and LPF
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IBC, infra push put steel sector in an M&A sweat spot
With the capacity of sizable scale available at bargain prices, the sector will see a lot of Mergers and Acquisition (M&A) activities as bigger players with deep pockets eventually closing in on financially weak but potentially viable smaller firms.
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NLMK to invest Rs 10 billion in AURIC
Novolipetsk Steel (NLMK) is keen on investing Rs 10 billion for setting up a unit at Aurangabad Industrial City (AURIC).
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JSW Energy acquire JSPL power plant
JSW Energy announced that the company had entered into a Securities Purchase Agreement to acquire the 1,000 MW
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JSPL records domestic steel production of 1.23 MT in Q1 FY2019
The domestic crude steel production at JSPLĂâs integrated steel plants at Angul and Raigarh during the quarter AprilĂâJune 2018 clocked a record 1.23 million tonne (MT), i.e. a rise of 36 per cent from 0.90 mt, a year ago
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A Pioneer in Building Solutions
Sahyadri Industries (SIL), a pioneer in building solutions since 1947 is an ISO 9001, EMS 14001 and BS OHSAS 18001 certified company, listed on the BSE. SIL provides a range of products for interior and exterior building systems and roofing solutions.
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Ambuja Cement Launches ” Ambuja Plus Cool Wall’s” in Raipur
Ambuja Cements, part of the global conglomerate LafargeHolcim and one of the leading cement manufacturers in India, launched an innovative green building, Ambuja Plus Cool Walls for individual home builders (IHBs) in Raipur.
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Steel shining!
India is the third largest steel producer in the world after China and Japan and has an installed capacity of about 131 million tonne (mt) at present. It produced 101 mt of steel in FY2017 and consumed 84 mt during the same period.