Fitch Ratings has downgraded Steel Authority of India Limited's (SAIL) Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'BB' from 'BBB-'.
Bauxite exporters are clamouring for removal of export duty on the ore similar to a cut in duty for iron ore in the budget.
The Reheating Furnace of the Universal Rail Mill was lit up on March 25, 2016, following which hot blooms were rolled from the new Mill’s Rolling Stand No 1 on Thursday.
The dividend which amounts to Rs 24 on an equity share of Rs 2 each would entail a cash outflow of nearly Rs 12,205 crore, including dividend distribution tax.
Rajesh Kumar Rathi has been appointed as the new Chief Executive Officer of IISCO Steel Plant, Burnpur. Since July 2014, he has been operating as ED(Works).
There has been a change in the top deck of management at Steel Authority of India Limited, the country's largest public sector steel company.
Jindal Steel and Power Limited (JSPL) has commissioned a 1.4 million tonne per annum (mtpa) rebar mill at Sohar, Oman.
These blocks have been identified by seven state governments for auction under the Mines & Minerals Development & Regulation (Amendment) Act, 2015.
Tata Steel will spend Rs 2,000 crore to develop the Khondbond mine in Odisha, even as it gears up for an integrated commissioning of its new plant at Kalingangar.
The blast furnace at Tata Steel's new greenfield plant at Kalinganagar in Odisha is tipped to be the country's largest.
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