Tag
Iron & Steel
14 articles
The Indian iron and steel sector is demonstrating a mixed performance, with some companies reporting strong operational improvements and others facing challenges. KIC Metaliks received a credit rating upgrade due to increased capacity utilization and improved financials, while Behari Lal Engineering reported robust Q1 FY27 revenue growth driven by a focus on high-value products and strategic capital expenditure. Conversely, Nova Iron & Steel reported a significant net loss for the year, and Vallabh Steels continues to grapple with working capital constraints. These varied results highlight the sector's sensitivity to market conditions and the importance of strategic execution for sustained profitability, suggesting investors should carefully assess individual company fundamentals amid ongoing macroeconomic uncertainties.
Kirloskar Ferrous Hiriyur Plant 15-Day Maintenance Shutdown
Kirloskar Ferrous Industries temporarily suspends operations at its Hiriyur plant Mini Blast Furnace for 15 days starting October 1, 2026.
The suspension is for normal maintenance and repair activitie
Shiv Aum Steels Receives BIMA Lifetime Achievement Award
Shiv Aum Steels Limited received the Lifetime Achievement Award from The Bombay Iron Merchants Association (BIMA).
The award recognizes the company's four-decade journey in steel industries since its
Lloyds Metals H1FY27 Operational Update Record Production
Lloyds Metals reports best-ever H1 operational performance with iron ore production up 36% YoY to 10 million tonnes.
DRI production surges 104% YoY to 343,064 tonnes while pellet production jumps 372%
Amalgam Steel Adjourned in Supreme Court Appeal
Supreme Court heard petition for special leave to appeal (C) No.28400/2024 filed by Amalgam Steel against Central Coalfields.
The hearing on 29‑09‑2026 was adjourned at petitioner’s request due to cou
Gallantt Ispat 22nd AGM Approves 20% Dividend
Gallantt Ispat held its 22nd AGM on September 30, 2026 via video conference to transact ordinary and special business items.
Shareholders approved a final dividend of 20% (₹2 per share) and re-appoint
Shah Alloys Q1 Loss Amid Plant Closure Strategy
Board approved unaudited Q1 FY2027 standalone results showing ₹2.07 crore net loss with zero operational revenue.
Noted auditor's material uncertainty on going concern due to steel plant closure since
Nova Iron & Steel FY2026 Audited Results Publication
Nova Iron & Steel published its audited financial results for the quarter and year ending March 31, 2026, in compliance with SEBI LODR Regulation 47.
The company reported a significant net loss of ₹22
Behari Lal Engineering Q1 FY27 Revenue Up 18% YoY
Behari Lal Engineering reported Q1 FY27 revenue of ₹151.7 crore, up 18% YoY, with PAT growing 24.5% to ₹19.2 crore.
The company's strategy focuses on increasing high-value product share to 60.4% of re
KIOCL FY26 Profit Turnaround Amid Audit Qualifications
KIOCL reported a net profit of ₹16.57 crore for FY26, a significant turnaround from a ₹204.58 crore loss in FY25, driven by record pellet dispatches and operational improvements.
Auditors identified a
Vaswani Industries FY26 Revenue Up 13.5% to ₹467 Crore
Vaswani Industries reported FY26 revenue of ₹467.37 crore with PAT of ₹4.24 crore, achieving 100.73% sponge iron capacity utilization.
The company completed billet capacity expansion to 150,000 MT and
Behari Lal Engineering Q1 FY27 Net Profit ₹191.94 Million
Board approved unaudited Q1 FY27 standalone results with revenue of ₹1,516.74 million and net profit of ₹191.94 million.
Appointed M/s. Reecha Goel and Associates as Secretarial Auditor for FY 2026-27
Behari Lal Engineering Q1 Revenue Up 16% YoY
Board approved unaudited standalone and consolidated financial results for Q1 FY27, reporting revenue of ₹1,516.74 lakh.
Net profit for the quarter stood at ₹191.94 lakh, a decrease from ₹213.86 lakh
Vallabh Steels 46th AGM Notice and FY26 Results
Vallabh Steels convened its 46th AGM on September 30, 2026, to adopt FY26 financials showing a reduced loss of ₹117.08 lakhs versus ₹141.43 lakhs previous year.
Shareholders to vote on appointing Kapi
Kanishk Steel 36th AGM No Dividend FY26
Kanishk Steel Industries will hold its 36th Annual General Meeting virtually on September 30, 2026, with no dividend declared for FY 2025-26.
The company reported a standalone revenue of ₹40,657 lakh