The Government announced the imposition of a 12% provisional safeguard duty on certain steel products to protect the domestic industry from injury due to a recent spike in imports of such products.
NGT has directed completion of the voluntary environment protection and restoration measures, being undertaken by the company through planation etc, and also by way of CSR activities, within a period
JSW Steel will be investing over Rs 50,000 crore to create 10 million tonnes per annum of green steel capacity at a plant near the country's financial capital, a top official said on Tuesday. "We will be investing Rs 50,000-60,000 crore for the green steel capacity," Jindal told reporters on the sidelines of an event here. He said this will be a brownfield investment at its plant in Raigad district's Salav and the investment will happen over the next three-four years. In March, the company had announced plans to increase the green steel capacity at Salav to 4 MTPA in phases. The investment is necessitated because of a European mandate on green steel, and Jindal said the 10 MTPA capacity will emit a fifth of the carbon as used by conventional plants currently. Jindal also said that China and Vietnam are trying to dump steel into India, and expected the "vigilant" Government to slap safeguard duties to protect domestic steel makers like his company in a few days. Denying notions of
The US government has suspended 26 per cent reciprocal tariffs for India till July 9, 2025; however, the base tariff of 10 per cent will continue to be enforced
During Q4FY25, Tata Steel's India deliveries at 5.6 million tonnes were up 3.3 per cent year-on-year from 5.42 million tonnes in Q4FY24
Of the 15 stocks in the Nifty Metal Index, five stocks, including Hindustan Copper, Nalco, Hindalco, JSL, and NMDC, hit fresh 52-week lows
India from January imposed curbs on imports of low-ash metallurgical coke, or met coke, with country-specific quotas to help domestic suppliers
A sharp focus on innovation, sustainability, and strategic investments has cemented JSW Steel's position at the forefront of the industry, say group officials
JSW Steel's stock has surged 18 per cent in 2025, making it one of the top performers on Nifty 50 index. With a market capitalisation of $30.31 billion, it leads its domestic & international peers
JSW Steel on Tuesday said it will sell over 22 crore shares in its subsidiary Piombino Steel Limited (PSL) under the proposed buy-back offer for Rs 1,676.45 crore. It holds 508 crore equity shares in PSL, constituting 83.28 per cent of the total equity shareholding of PSL, JSW Steel said. The Board of Directors has approved tendering of 22,26,36,000 equity shares held in PSL, under the proposed buy-back offer at a price of Rs 75.30 per equity share. This move will help company further strengthen its balance sheet, JSW Steel said. The buyback has also been approved by the board of PSL to buyback the said number of shares from parent JSW Steel at a price of Rs 75.30 per share aggregating to a total consideration not exceeding Rs 1,676.45 crores, subject to approval of the shareholders of PSL, it added.
In January, JSW said it was foraying into the copper business with a Rs 2,600 crore ($301.22 million) investment to operate two copper mines from Hindustan Copper for a period of 20 years
Metal stock rally: The Nifty Metal index rose as much as 1.67 per cent to hit an intraday high of 9,185.20.
At around 11:15 AM, JSW Steel shares had pared some of their gains from the day's high, and were trading higher by 1.43 per cent, at Rs 1,025.65, on the BSE
At 12:40 pm, the Nifty Metal index, the top gainer among sectoral indices, was up 2.5 per cent, as compared to the 0.55 per cent rise in the Nifty 50
Stocks to Buy Today, March 6, 2025: The recent correction in the Dollar Index should also support metal stocks due to their inverse correlation
Advantage Assam 2.0 Summit: Sajjan Jindal spoke on the strategic importance of the Northeast in India's economic trajectory, noting the region will play a crucial role in India's economic growth
A large portion of the dip is attributed to the over 10 per cent correction in ITC (Rs 11,863 crore), Larsen & Toubro (Rs 6,713 crore) and State Bank of India (Rs 5,647 crore) shares, thus far in CY25
In the past six months, the Nifty Metal index has underperformed the market by falling 6 per cent as against a 4 per cent decline in the benchmark index
Technical chart shows that Nifty Metal has a strong support base around the 8,000-mark; In case, the index violates the same it can slide another 15 per cent from present levels.
Jindal highlighted that of the Rs 3 trillion investment the group committed to Maharashtra through the recent memorandum of understanding