Tag
Steel & Iron
6 articles
Indian steel companies are demonstrating a mixed performance, with some experiencing significant turnarounds while others face substantial challenges. NMDC Steel reported a remarkable profit turnaround for FY26, driven by robust revenue growth and improved operational efficiency, while Gallantt Ispat also posted strong profit growth and declared a dividend. Conversely, Nova Iron & Steel is grappling with severe operational and financial difficulties, facing lender enforcement and regulatory scrutiny, raising concerns about its viability. These divergent trends highlight the varying degrees of resilience and strategic execution within the sector, suggesting investors should carefully assess individual company fundamentals and risk profiles amid ongoing macroeconomic uncertainties.
VISL Q2 Steel Production Up 4% YoY
Vedanta Iron and Steel Limited reported Q2 FY27 production results with steel saleable output up 4% YoY to 532 units.
Iron ore production declined 13% YoY to 1.52 Mn DMT, with mixed performance across
Vaswani Industries 23rd AGM Concludes September 30
Vaswani Industries held its 23rd Annual General Meeting on September 30, 2026, via video conference from 3:45 PM to 4:06 PM.
The meeting covered four resolutions including adoption of FY26 financials,
Gallantt Ispat Reports 21% FY26 Profit Growth, Declares Dividend
Gallantt Ispat reported FY26 net profit growth of 20.8% to ₹484.27 crore with revenue reaching ₹4,418.92 crore, driven by strong operational performance across all segments.
The board recommended a fi
Nova Iron Steel Q1 FY27 Loss with Material Uncertainty
Nova Iron & Steel reported a standalone net loss of ₹85.87 lakh for Q1 FY27, with auditors qualifying their review due to unrecorded interest costs.
The company faces material uncertainty as a going c
Magnus Steel 48th AGM Notice and FY26 Results
Magnus Steel & Infra will hold its 48th AGM virtually on September 30, 2026, to adopt FY26 financial statements and consider key resolutions.
The company reported a significant turnaround with FY26 ne
NMDC Steel Reports ₹59 Crore FY26 Profit Turnaround
NMDC Steel achieved a standalone net profit of ₹58.72 crore in FY26, reversing from a ₹2,374 crore loss in FY25, driven by 60% revenue growth to ₹13,642 crore.
Hot rolled coil production increased 62%