Steel products maker Adhunik Metaliks today said it will raise over Rs 137.13 crore by issuing around 1.39 crore shares to qualified institutional buyers (QIB).The committee of the board of directors at its meeting on Friday decided to allot 1,39,60,400 equity shares at a price of Rs 98.23 per piece to the qualified institutional buyers, Adhunik Metaliks informed in a regulatory disclosure.The committee...
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Tata Steel today said it has cut prices of its products by about Rs 1,500 a tonne in tune with falling global rates.With the reduction, Tata Steel joins leading steel makers SAIL, JSW Steel, Essar, Ispat Industries, all of them yesterday cut prices of flat steel products by up to Rs 1,500."We have cut prices of our flat steel products. It is in the same range as other steel makers have done," Tata...
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Kolkata, Nov 22 /--/ The Steel Ministry is keeping a tab on steel imports into India after allegations by domestic steel majors of large scale dumping by China and East European countries. "We are keeping close watch on imports and will take steps if large scale import of steel is noticed," Union steel minister Virbhadra Singh told newsperson. The steel majors have pointed out that despite rise in...
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Steel today said it has cut prices of some of its steel productsmainly on account of weakening global trend."We have cut prices ofour flat steel products. It is in the same range as other steel makers havedone," Tata Steel Managing Director H M Nerurkar told reporters on the sidelinesof CII steel summit here.Other steel makers SAIL, JSW Steel, Essar,Ispat Industries had yesterday cut prices of their...
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Tata Steel today said it has cut prices of some of its steel products mainly on account of weakening global trend."We have cut prices of our flat steel products. It is in the same range as other steel makers have done," Tata Steel Managing Director H M Nerurkar told reporters on the sidelines of CII steel summit here. Other steel makers SAIL, JSW Steel, Essar, Ispat Industries had yesterday cut prices...
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A day after Steel Authority of India Ltd (SAIL) reduced flat steel prices, private steel makers — JSW Steel, Essar Steel and Ispat Industries — have followed. Ispat has cut prices by Rs 1,000 a tonne, while Essar Steel has reduced by Rs 700-1,000 a tonne.Steel stocks were down after the move. The JSW Steel stock dipped 10.5 per cent to Rs 676.20 and Ispat Industries was down 4.24 per cent to Rs 18.05.Seshagiri...
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Tata Steel on Wednesday said it has cut prices of some of its steel products mainly on account of weakening global trend. “We have cut prices of our flat steel products. It is in the same range as other steel makers have done,” Tata Steel Managing Director H M Nerurkar told reporters on the sidelines of CII steel summit here.Other steel makers SAIL, JSW Steel, Essar, Ispat Industries had yesterday...
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Sajjan Jindal-controlled JSW Steel has overtaken Tata Steel in terms of steelmaking capacity in India and will continue to be ahead even as the two companies go into their next phases of expansion.At present, Tata Steel has an installed capacity of 6.8 million tonnes (mt) at Jamshedpur. JSW Steel has 6.8 mt at Bellary (Vijayanagar Steel Ltd)and another 1 mt at Salem, making it the largest private steel...
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JFE Steel Corp, world's sixth-largest steel-maker, today entered into a strategic collaboration with Sajjan Jindal-led JSW Steel to produce automotive steel products, thereby marking the entry of yet another foreign company into India after ArcelorMittal.JSW Steel, the country's second-largest steel-maker by installed capacity, said it may rope in JFE for its 11-million tonne greenfield plant in West...
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KOLKATA: JFE Steel Corporation’sdecisive move into the Indian steel market with a collaborative agreement withJSW Steel on Thursday could serve as a template for future deals, involvingforeign steel companies in the sector.It came barely a day afterthe government cleared ArcelorMittal’s Rs 500 crore FDI proposal toacquire a 35 per cent stake in Mumbai-based steelmaker UttamGalva.It is the first time...
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