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JSW Steel eyes $300-400 million cost savings in short-term via digitisation

The company is likely to achieve such savings is 2-3 years; intiative began in 2017

Tata Steel commissions 5-tonne-per-day carbon capture plant at Jamshedpur

Is country's first steelmaker to adopt such a technology that extracts CO2 directly from blast furnace gas; will reuse captured CO2 on-site to promote circular carbon economy

Tata Steel, JSW Steel betting big on tinplate

Tinplate, a packaging medium, is one of the highest value adding downstream products in the flat steel segment.

With McLeod Russel out of CIRP, lenders may restart debt resolution process

Sources close to the development said, barring a few banks, most had signed intercreditor agreement

ArcelorMittal Nippon Steel starts operations at iron ore mine in Odisha

Spread over 139.165 hectares, the block has estimated resources of 98.61 million tonnes and was the first to be auctioned under the Mineral Auction Rule, 2015

McLeod Russel promoters seek to settle with Techno as way out of insolvency

Sources say talks between the two parties are on, finer details of a settlement being worked out; top brass of both sides refuse to comment

Race for steel supremacy begins with disinvestment plans for three units

Among the upcoming assets, Tata Steel is keen on participating in the bidding process for RINL

Berger Paints eyes Rs 10,000 crore turnover in three years

Berger is also growing its international presence, major contributor to the growth would be the India market and drivers would be the decorative, protective, construction chemicals segments

SAIL aims to bring down borrowings to Rs 20,000 crore

During FY21, net debt had decreased by Rs 16,131 crore to Rs 35,350 crore

NCLAT admits McLeod promoter appeal, to decide on constitution of CoC

On August 6, the National Company Law Tribunal (NCLT) had admitted an application filed by Techno for initiating corporate insolvency resolution process (CIRP) against McLeod.

Our focus on balance sheet management is a core philosophy: Tata Steel CFO

In a Q&A, Koushik Chatterjee, who is also exec director at Tata Steel, says the firm has prepaid Rs 5,800 cr of principal debt in Q1 and is aiming to repeat deleveraging levels of FY21 this year

McLeod promoter to move NCLAT challenging NCLT order on insolvency

The appeal is listed for hearing on August 25

How group firm helped land India's largest tea producer in bankruptcy court

Some of the major buyers have privately ruled out bidding for the company

ITC to invest $2 billion across segments in medium-term, says MD

Super app 'ITC-MAARS' among new growth areas; investment figure does not take into account inorganic opportunities

ITC to launch super app this year to tap small farmers' potential: Chairman

The product will offer a wide range of agricultural solutions while its micro-services structure will enable plug-in by a range of agtech solutions

Eveready gets a new joint managing director in Suvomoy Saha

The move comes more than a year after the Burman family - promoters of Dabur India - became the largest shareholder in Eveready with a stake of 19.84%

JSW rolls out across-the-board stock options for steel and energy employees

ESOP to cover 15,000 staff for all grades including workmen, junior, middle, senior management and business leadership

Tea companies may post better returns than 2019 despite drop in prices

Last year, companies reported higher profits even on lower volumes due to a rally in tea prices. But the fall in prices seen from June may impact margins

NCLT admits application for initiating CIRP against McLeod Russel

Once the world's largest tea producer, McLeod Russel, part of the Brij Mohan Khaitan group company, is now India's largest with about 31 estates

Back to old normal: Robust demand propels metals to pre-Covid levels

In the third instalment of a four-part series on how some of the defining numbers in key sectors are springing back to the pre-pandemic level, Ishita Ayan Dutt looks at India's metals industry