The cast and forged rolls maker was admitted to NCLT last December after an operational creditor filed an application under Section 9 of the Insolvency and Bankruptcy Code
JSW Steel on Wednesday reported a 5 per cent growth in its crude steel production at 1.3 million for August 2020
Nickel prices at LME rose to a nine-month high on demand from China.
Demands domestic steel price monitoring, regulation mechanism
The entire banking space seems to have revived and is seeing a catch-up move to the broader market
Firm says the hub will be the largest of its kind in Asia, with a current stocking capacity across both products of about 2 mn tonnes a year
The company said it will announce Agarwal's successor in due course
Supported by strong domestic demand in China, healthy exports, and rebound in domestic demand, global brokerage Morgan Stanley believes the steel industry's profitability cycle is turning faster
JSW Steel, the flagship business of 12 billion dollar JSW Group, on Tuesday reported crude steel production of 1.2 million tonnes in July, up 9% from 1.1 million tonnes in the previous month
JSW Steel outlined plans two years ago to invest $1 billion in the US to expand its global footprint
Improving realisations and cheaper raw material should help profitability, though domestic demand is yet to reach pre-Covid levels
SAIL gained 8 per cent to Rs 37.3 after the company on Tuesday informed it attained a sales volume of 15.83 lakh tonnes in July.
Interups offers Rs 2,000 crore in NCLT against JSW's Rs 1,550-cr bid
In April, there was a shutdown for 20 days. So, the results are actually for two months of operations.In May and June, we were profitable at the total-cost level
The firm's total expenses also dropped to Rs 12,504 crore, against Rs 18,164 crore a year ago
With rural India being the only bright spot in the pandemic, steelmakers are looking beyond automobile and exports to daily-use products
The third of the five-part series looks at pick-up in metal sector demand & prices
RP rejects fresh EoI by Interups Inc, says JSW offer pending with NCLT
World steel association has also lowered its forecast for steel demand for calendar year 2020
Moody's expects JSW's leverage will increase to an estimated 6.4x by the end of fiscal 2021