A correction is playing out in metal prices and 8% to 20% crack has been seen in base metals. Do you think the 2017 rally in metals and especially base metals has halted?
JSW Cement, a privately held company within Sajjan Jindal’s JSW Group, announced investments of $150 million to set up a 1 million tonne per annum (mtpa) clinker unit in Fujairah, UAE.
The National Company Law Tribunal (NCLT) has approved the bid of AION Capital-JSW Steel to acquire Monnet Ispat & Energy Ltd, providing major relief to the consortium
Power and automation major ABB India today posted a 36 per cent jump in its net profit at Rs 102.15 crore for the quarter ended June 30, mainly on the back of higher revenues.
Mukesh Ambani-controlled Reliance Industries is in talks with banks to raise up to $2.5 billion in loans from overseas market as it steps up pace of investments in telecom and retail businesses, four people familiar with the matter said.
Dhirubhai Ambani, founder of India’s second most valued enterprise by market capitalisation Reliance Industries started the company with a meagre Rs 1,000.
There is no one-solution-fits-all approach to power sector stress: c, Chairman & MD, Power Finance Corp
India’s largest financier to the power sector, Power Finance Corp (PFC), has initiated resolution proceedings against defaulting power projects as per a Reserve Bank of India circular and has received bids for some of those where change of management is being envisaged.
L&T Hydrocarbon Engineering has bagged an onshore EPC contract from HPCL-Mittal Energy for setting up cracker furnaces at their Bathinda Refinery in Punjab.
After registering a robust turnaround in FY18, Jindal Stainless Limited (JSL) achieved a strong revenue and sales growth in Q1FY19, despite being a seasonally low first quarter.
Reuters reported that a government source said that India is planning to impose “safeguards” on steel imports if the volumes coming into the country increase beyond a certain level. The source did not specify the measures that would make up the safeguards but said steps were under discussion.