Aditi Divekar

Steel firms roll over prices in January after steep correction in December

The rationale for prices to hold rests on a bunch of factors. Indian prices while similar to import price parity were still among the lowest prices globally, companies point out

Jindal Aluminium acquires Indo Alusys' extrusion plant for Rs 100 crore

Once fully operational, Jindal Aluminium's extrusion capacity will rise from 125,000 tonnes to 139,000 tonnes. The deal will help revive the local economy, benefit community and other stakeholders

India's 2022 steel consumption seen strong amid muted prices, infra push

Offtake is expected to jump to 111 million tonnes in CY2022 after a severely impacted year CY2020 which saw consumption falling to 89.3 million tonnes, said Care Ratings in a recent report

Domestic cement industry poised for demand recovery in construction season

Amid a strong demand outlook, brokerages see capacities and existing utilization levels of the domestic cement industry on a rise in coming years

Mineral concession amendments to raise availability, ease pricing pressure

Major changes to mining industry include allowing part surrender of mines, permitting sale of up to 50% of minerals by captive owners and easy transfer of mines

Dalmia Cement shifts to green fuel to rein in high input cost

Cement demand was not strong in the first half of FY22, but Dalmia Cement expects that to change from December as the vaccination drive ramps up

Hindalco Industries acquires Ryker Base for enterprise value of Rs 323 cr

Deal will strengthen Hindalco's copper rod capacity by providing a time-to-market edge, allowing it to cater to the growing demand from electrical and electronics sectors

Glasgow COP26: How India Inc plans to meet net zero targets by 2070

Here is a low-down on how some of the country's major companies are planning to contribute to the net zero mission

JSW Steel's US arm begins phase-II upgrade to reach newer markets

Baytown plate mill expansion scheduled for completion 2023

Vedanta profit rises fivefold to Rs 4,615 crore on low-base effect

Low base effect drives better YoY show, bottom line up 9.2% sequentially

L&T Q2 results: Consolidated PAT falls 67% YoY to Rs 1,819 crore

Exceptional income in year-ago quarter pulled down profit

Rocketing raw material costs hit India Inc margins in September quarter

Firms resort to other expenditure cuts to offset pressure on operating profit margins

Weak demand, high cost to keep cement firms' EBITDA muted in Q2: Centrum

Q2FY22 is generally a weak quarter for cement makers due to monsoon, but the quarter under preview has also been affected by rising coal and pet coke prices and a transporters' strike

India to buy coking coal from Russia; Steel firms look to diversify imports

Move is part of India's National Steel Policy 2017 under which the country aims to reach 300 mn tonne steel output by 2030 while simultaneously working on forward and backward integration

Rising prices of coal to weigh on steel companies' September qtr earnings

While the YoY show is expected to be stellar on low base and high realisations, QoQ profit growth is estimated to be weak for most players

Cement demand to remain strong in FY22 on rural, infra requirement: Icra

Capacity additions to keep utilisation levels under check in FY22, FY23

Gujarat, Maharashtra on the verge of energy crisis amid coal shortage

Mixed signals: Maharashtra govt raises alarm, but generating stations claim supply is under control

Coal-parched steel, aluminium firms battle lower utilisation, higher costs

Primary steel producers, however, remain unperturbed as they rely on imported coking coal to meet their demand

Icra says FY22 port cargo volumes to remain robust, exceed pre-Covid level

During April-August period all segments, except fertilisers, posted healthy year-on-year growth; better numbers can be attributed to base effect

Cruises move out of India after high-profile drug bust on Goa-bound ship

Most destinations are closer home, companies make promo offers even as passengers hanker for easier cancellations and refunds