Steel Companies

Gallard Steel IPO subscribed 349x; check allotment status, latest GMP

Investors who applied for the Gallard Steel IPO can check their allotment status online through the BSE or the registrar Ankit Consultancy's website

Analysts hike Jindal Steel target price; 4 key triggers behind the upgrade

Analysts at Nuvama have revised their target price on the Jindal Steel stock to ₹1,426 from ₹1,193 earlier, valuing it at 7x FY28E EV/Ebitda, and reiterated a 'Buy' rating.

Steel ministry clears ₹5,000 cr scheme to boost low-emission operations

The steel ministry has approved a Rs 5,000 crore scheme to promote low-emission steel, with 80% of funds directed to the secondary sector and incentives linked to emission cuts

This smallcap steelmaker share skyrockets 19%; what's behind the rally?

Mukand shares surged after the company announced the execution of an agreement for sale on July 23, 2025, for monetising land assets in Thane district.

Jindal Stainless jumps 5% after arm signs 11-Mw PPA with Sunsure Energy

Jindal Stainless shares were quoting at ₹536.45, up 4.65 per cent from the previous day's closing price of ₹512.60 on the National Stock Exchange (NSE)

JSW Steel, Tata Steel log record Q4 FY25 output on capacity boost

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

Indian steel companies evaluating possible impact of US reciprocal tariffs

Domestic steel players are evaluating the possible impact of reciprocal tariffs imposed by the US administration, saying it is premature to comment on the development. US President Donald Trump on Wednesday announced reciprocal tariffs on about 60 countries in a historic measure to counter higher duties imposed globally on American products. For India, the US has announced 26 per cent reciprocal tariffs, contending New Delhi imposes high import duties on American goods, as the Trump administration aims to reduce the country's trade deficit and boost manufacturing. However, automobiles and auto parts and steel and aluminium articles, already subject to Section 232 tariffs at 25 per cent, announced in March, are not covered in the latest order. When asked about Tata Steel's reaction, a company official told PTI, "We are evaluating the situation. It would be premature to comment". "The tariff has come just yesterday. We will study its impact". A senior official of Naveen Jindal-owne

Analysts see long term growth intact for Tata Steel after Q3 tops estimates

Despite near-term challenges such as high imports and lower realisations, the long-term outlook for Tata Steel remains positive, analsyts at Motilal Oswal said

Projects may be delayed if margins come under pressure: JSW Steel's Acharya

Jayant Acharya tells Ishita Ayan Dutt, the steel industry expects the government to decide on safeguard measures from dumping post-Budget

Commerce department examining steel ministry request on safeguard duty

Safeguard duty is a temporary tariff barrier imposed by a country to protect its domestic industry from surge in imports

Tata Steel Q2 preview: Steel giant may post net loss of up to Rs 153 crore

Domestic brokerages anticipate a challenging quarter for Tata Steel marked by lower steel realisations and regional pricing pressures

JSW Steel Q2 Preview: PAT likely to fall 96% YoY; volumes, realisation eyed

Analysts noted that Q2 is typically weaker than Q1 in terms of volumes and prices due to seasonal factors like the monsoon and maintenance shutdowns.

JSW Steel-JFE JV to buy thyssenkrupp Electrical Steel India for Rs 4,051 cr

The transaction is being undertaken by Jsquare, a wholly owned subsidiary of JSW JFE Electrical Steel Private Limited (J2ES)

JSW Steel, JSPL, Tata Steel shares rise 12% in a month; more steam left?

While the sentiments are turning in favour of the ferrous metal players, analysts said, the fundamentals aren't quite there yet with Q2 expected to serve as a reality check

India's steel companies look forward to recycle mandate for automakers

Proposed mandate will help steel scrap availability and in reducing emissions, they say

NMDC Steel's hot rolled coil production hits 1 MT-mark within a year

State-owned NMDC Steel Limited (NSL) on Wednesday announced producing 1 million tonnes of hot rolled coil (HRC) at its plant in Nagarnar, Chhattisgarh in a year's time. NMDC Steel Ltd, an entity demerged and formed from mining firm NMDC, owns and operates the 3 million-tonne Nagar Steel Plant -- referred as India's youngest steel unit -- and has been set up with an investment of around Rs 23,000 crore. "NSL announces a landmark achievement of its production capabilities. Today, this ultra-modern plant has successfully produced 1 MT HRC four days ahead of the first anniversary of commencement of HR coil production," the company said in a statement. On July 21, 2024, the company had achieved the production of 1.5 MT of hot metal from its blast furnace and produced 1 MT of liquid steel from the steel making shop (SMS) on August 11. Both milestones were reached in less than a year from the commencement of production, the company said. The company's CMD Amitava Mukherjee said, "Achievi

Indian steel prices plunge to lowest level in over three years: BigMint

Increased imports from China and Vietnam into India, alongside Chinese supply in overseas markets, have made Indian exports uncompetitive in many regions, putting downward pressure on domestic prices

Rashtriya Ispat Nigam stake sale plan likely to pick up pace this year

The Centre holds 100% in Visakhapatnam steel plant. RINL is the parent company of Eastern Investments Ltd (EIL), owning 51% in it

ICRA revises domestic steel consumption growth upwards to 9-10% for FY25

Domestic steel consumption between February to April 2024 registered a growth of 11.3 per cent

Thermax plans commercial-scale trial on high-ash coal gasification project

Energy and environmental services major, Thermax Ltd, said on Friday that it is in discussion with several steel companies in the eastern region for a commercial-scale high-ash coal gasification project. This project will be the first of its kind in the eastern region. Thermax is also in dialogue with Coal India on coal gasification technology. CIL has plans to set up a coal-to-SNG (Synthetic Natural Gas) project in the Eastern Coalfields Limited command area. In this domain, Thermax claims to have patented technology. "We are currently in talks with steel companies for a project that will pioneer high-ash coal gasification in the eastern region. Deliberations are going on regarding the funding, which is facing a viability gap of approximately 30-40 per cent of the project cost," Thermax MD and CEO Ashish Bhandari said. Although the government is expected to provide viability gap funding of around 15 per cent, companies will need to address the remaining funding gap, he said. "We