Tag
Steel
17 articles
Steel sector developments reveal a mixed picture for investors. Mideast Integrated Steels faces significant challenges, including substantial audit qualifications and a critical going concern risk tied to a Supreme Court penalty, while Rajputana Stainless and Rathi Steel demonstrated strong profit growth. JSW Steel benefits from increased demand and operational efficiencies, highlighted by the handover of a coal washery and a significant contract from SAIL. Meanwhile, JSW Energy strategically divested a substantial stake in JSW Steel to bolster liquidity, and MSP Steel promoters increased their holdings, signaling confidence in the company's future.
Vedanta Iron & Steel Q1 Production Hits Record High
Vedanta Iron and Steel Limited reports Q1 FY27 production figures with 4% YoY growth in iron ore to 2.6 Mn DMT.
Goa pig iron plant achieved record quarterly production of 238 kt, up 12% YoY, contribut
Shyam Metalics Board Meeting July 20, 2026
• Board meeting scheduled for July 20, 2026 to approve Q1 FY27 unaudited financial results.
• To consider recommending first interim dividend for financial year 2026-27.
• To discuss proposal for rais
Epic Steel vs Ambey Castings NCLT Hearing Order
NCLT Kolkata Bench schedules next hearing for Epic Steel's insolvency petition against Ambey Castings.
The matter under Section 9 of IBC is listed for consideration on 2nd July 2026.
Resolution Profes
Dipna Pharmachem FY26 Audited Results and Financial Disclosures
Dipna Pharmachem reported audited FY26 net profit of ₹263.19 lakhs, a significant increase from ₹97.40 lakhs in FY25.
The company raised ₹219.63 lakhs through a preferential issue of equity shares and
Tata Steel 119th AGM Approves ₹4 Dividend, Related Party Deals
Tata Steel held its 119th AGM on July 2, 2026, approving all eight resolutions including a ₹4 per share dividend for FY2025-26.
Shareholders approved three material related party transactions totaling
NCLT Extends R K K R Steels CIRP to August 2026
NCLT Chennai extends Corporate Insolvency Resolution Process for R K K R Steels Pvt Ltd by 90 days to 16 August 2026.
Committee of Creditors unanimously approved extension request with 100% voting sha
Vardhman Special Steels Allots 15,500 ESOP Shares
Vardhman Special Steels allotted 15,500 equity shares to employees under its 2016 and 2020 ESOP plans.
The allotment includes 7,750 bonus shares issued in a 1:1 ratio on the ESOP shares.
The shares ra
SAL Steel Appoints Anil Kumar Singh as CFO
SAL Steel Limited appointed Shri Anil Kumar Singh as Chief Financial Officer effective July 1, 2026.
The appointment was approved by the Board based on recommendations from Nomination and Audit Commit
MECON Granted Miniratna-I Status by Steel Ministry
Ministry of Steel grants Miniratna Category-I status to MECON Limited, a Schedule 'A' CPSE under its control.
MECON achieved eligibility with a net worth of ₹535.42 crore and three consecutive profita
Sarthak Metals Board Meeting on July 10, 2026
Sarthak Metals intimates exchange of board meeting scheduled for July 10, 2026 to discuss key agenda items.
Agenda includes approval of Directors Report for FY26 and convening of 30th Annual General M
Ilex Private Limited Open Market Purchase 6.45 Lakh MSP Steel Shares
MSP Steel & Power discloses promoter group entity Ilex Private Limited purchased 645,000 equity shares on 15th June 2026.
The open market acquisition was valued at ₹2.72 crore, increasing Ilex's holdi
Karbonsteel FY26 PAT Drops 26% to ₹10.51 Crore
Karbonsteel Engineering reported FY26 PAT of ₹10.51 crore, down 26% YoY, on revenue of ₹300.88 crore.
The company faced H2 margin pressure from LPG supply disruption, inflation, and a ₹1.65 crore bad
MSP Steel Promoter Groups Purchase 52.1 Lakh Shares
MSP Steel & Power discloses open market equity share purchases by three promoter group entities totaling 52.1 lakh shares.
Sampat Marketing bought 7 lakh shares on June 4, increasing holding to 2.12%
MSP Steel Promoter Group Buys 34.55L Shares
MSP Steel & Power discloses promoter group open market purchases of 34.55 lakh equity shares under SEBI PIT Regulations.
Ginny Traders Pvt Ltd acquired 23.50 lakh shares on June 2, 2026, for ₹99.40 cr
Modern Steels FY26 Net Profit Surges 453% to ₹66.43 Cr
Modern Steels reported audited FY26 net profit of ₹66.43 crore, a 453% increase from previous year's ₹12.03 crore.
Company submitted revised financial results to BSE with no changes to previously disc
Rathi Steel Q4 FY26 Net Profit Jumps 96% YoY
Rathi Steel reported Q4 FY26 PAT of ₹7.45 Cr, up 95.84% YoY, driven by 63.34% revenue growth to ₹244.57 Cr.
Company achieved zero debt status in March 2024 after raising ₹114.71 Cr via preferential al
JSW Energy Sells 2.5 Crore JSW Steel Shares
JSW Energy divested 2.5 crore equity shares of JSW Steel Ltd via a bulk deal on NSE on 18th May 2026.
The transaction generated gross proceeds of ₹3,150 Crores for strategic liquidity and capital allo