Page 4 - Metal Sector

Need to adopt new tech in metals sector to reduce emissions: Scindia

Steel Minister Jyotiraditya M Scindia on Friday said the metal sector is highly energy-intensive which causes large carbon emissions, and there is a need to adopt new technologies for attaining the zero-emission target. The iron and steel industry globally accounts for around 8 per cent of total carbon dioxide emissions on an annual basis, whereas in India, it contributes 12 per cent to the total CO2 emissions. In today's world nothing is waste and all so-called wastes can be converted into resources by adopting suitable technology, the minister stated. Speaking at an international conference on circular economy and resource efficiency, Scindia said majority of natural resources are finite, so it is important to find environmentally and economically feasible ways to utilise these resources. The country's mining and metal sector, he said, is posed for robust development due to expected jump in demand to support the growth in the automotive, infrastructure, transport, space and defen

Naveen Jindal group weighs aluminium foray, plans depend on mine

Company sees consumption rising as electric vehicles increase and light metals become more important

Norsk Hydro shuts aluminum plant in Slovakia as Europe's power woes deepen

Aluminum is one of the most energy-intensive metals to produce, and closure of the Slovalco facility adds to growing signs of stress in Europe's industrial economy as power prices surge to record high

Rajnandini Metal Ltd grosses Rs 1,000 cr sales in 2022, Q1 profit up 127%

EBITDA margins have been maintained with an impressive growth momentum in line with the company's plans with a Y-o-Y increase of 40.11%.

China stimulus unlikely to reverse rout in the global metals market

While Chinese stimulus played a role in rescuing industrial commodities from slumps in global demand, after the 2008 financial crisis, in late 2015, and in 2020, there's much more caution this time

Stocks to Watch Today: Cipla, RIL, PNB, Reliance Power, Metals, Restaurants

Stocks to Watch Today: Shares of metal companies are also to be in focus as copper prices fell to 17-month lows amid new COVID restrictions in China, slowing global manufacturing activity and a jump i

Metals' loss is infrastructure and capital goods companies' gain

Interest rate hikes, however, remain a pet peeve

Base metal companies line up Rs 1.14 trillion capex as demand rises

Host of sectors pushing up need for metals; capital outlay significant by firms, say experts

Weak rupee to make imports costly for metal firms, exports may get a push

According to CRISIL Research, India imported close to 57-59 million tonnes of coking coal - a key input for steelmaking - worth Rs 1 trillion in fiscal 2022

Vedanta, JSPL, Tata Steel, SAIL: How to trade metal stocks as prices rise

The Nifty Metal index can gain another 3 per cent as long as the index maintains above 6,300-level on a closing basis.

Fallout of Russia-Ukraine war: Metal users, producers feel price pinch

Price hikes in the offing, say metal producers; may have to pass on costs, say user industries

Palladium set for best week in 2 years as Russia supply concerns mount

Russia accounts for 40% of global production of the auto-catalyst metal used in catalytic converters to curb vehicle emissions

Indian metal stocks surge on Russia-Ukraine war, Nifty metal up 5%

Russia is a major producer of industrial metals such as aluminium and nickel

Budget 2022: Brokerages expect duty cut on metals to spur margins

Reduction in import duty on raw materials and finished products of steel, and higher allocation under infrastructure and housing for all schemes in the Budget could augur well for domestic industry

Nifty50 firms' combined net profit seen rising 25% in third quarter

Metal and mining firms expected to lead earnings growth

Breakout on the cards? Tata Steel, Vedanta, SAIL can rise up to 12%

The metal index is on the verge of breakout, if crosses 5,800 mark, another 6 per cent jump is very certain.

Metals & mining companies report record earnings in H1 of FY22

Net profit rises to Rs 82,500 crore; accounts for 20% of India Inc's combined net profit

Kennametal India posts over 2-fold jump in net profit to Rs 28 crore

KIL on Tuesday posted an over two-fold jump in its consolidated net profit

Stocks to Watch: Airtel, Dabur, Sun Pharma, HDFC, IRCTC, Steel, Gold stocks

Gold and steel related stocks are likely to hog the limelight in trades on Tuesday. The former on the account of Dhanteras, while the latter owing to hike in steel prices

Shyam Metalics' Rs 1,107-cr initial public offering to open on Jun 14

The Rs 1,107-crore initial share-sale of Shyam Metalics and Energy Ltd will open on June 14, merchant banking sources said on Saturday. The three-day initial public offer (IPO) will close on June 16 and the bidding for anchor investors will open on June 11, they said. The IPO comprises fresh issuance of equity shares worth up to Rs 657 crore and an offer-for-sale to the tune of Rs 450 crore by existing shareholders, according to the draft red herring prospectus. Those participating in the OFS are Subham Capital, Subham Buildwell, Kalpataru Housefin & Trading, Dorite Tracon, Narantak Dealcomm and Toplight Mercantiles. Going by the draft papers, the company intends to utilise the net proceeds from the fresh issue for repayment or prepayment of Rs 470 crore of its debt and that of its subsidiary, Shyam SEL and Power Ltd; and for other general corporate purposes. Shyam Metalics and Energy, which filed preliminary IPO papers with capital markets regulator Sebi in February, received its