Tag
Steel
28 articles
The Indian steel sector is experiencing a period of expansion and strategic realignment. Shyam Metalics is poised to invest ₹50,000 crore in a new 9 MTPA integrated steel complex in Maharashtra, while Jayaswal Neco is expanding its pellet production capacity with a ₹720 crore project. Simultaneously, the Ministry of Steel is focusing on operational efficiency and safety, launching a special disposal campaign for pending matters and establishing a Steel Industry Safety Council to enhance safety standards across the sector. These developments signal continued investment and modernization within the industry, though ongoing insolvency proceedings, such as those involving Tayo Rolls, highlight potential risks and complexities.
NCLAT Adjourns Tayo Rolls Insolvency Appeals to Sept 29
NCLAT adjourned multiple interconnected appeals related to Tayo Rolls Ltd.'s insolvency proceedings to September 29, 2026.
Appeals involve Tata Steel Ltd., Jharkhand Bijli Vitran Nigam Ltd., and Sures
Shyam Metalics Maharashtra MoU for ₹50,000 Crore Steel Plant
Shyam Metalics executed a non-binding MoU with Maharashtra Government for a 9 MTPA Greenfield Integrated Steel Complex.
The project involves an estimated investment of ₹50,000 Crore and will create ap
Ministry of Steel Launches Special Disposal Campaign
Ministry of Steel and CPSEs conducting Special Campaign for Disposal of Pending Matters from October 2-31, 2026.
Campaign targets disposal of 20,763 physical files, 9,056 e-files, and resolution of 37
VISL Subsidiary ESL Exempted from Penalty
Vedanta Iron And Steel subsidiary ESL Steel received an adjudication order for non-compliance from FY2015-16 to FY2017-18.
ESL was exempted from financial penalty under Section 32A of the Insolvency a
Goodluck India 40th AGM Voting Results Disclosure
Discloses voting results for 11 resolutions passed at the 40th Annual General Meeting held via video conference on September 30, 2026.
Shareholders approved a final dividend of ₹1.00 per share (50%) f
Jayaswal Neco Achieves Pellet Plant Financial Closure
Jayaswal Neco achieved financial closure for its new 1.50 MnTPA pellet plant project at Siltara, Raipur.
The ₹720 crore project is financed through ₹540 crore term debt and ₹180 crore internal accrual
A-One Steels Adopts Corporate Disclosure Code
A-One Steels India Ltd submits its Code of Corporate Disclosure Practices to BSE and NSE as required by SEBI's Insider Trading Regulations.
The code establishes a Chief Investor Relations Officer role
SAIL Appoints Mohit Malpani Company Secretary
SAIL appoints Mohit Malpani as ED(F&A) & Company Secretary effective October 2026 following superannuation of previous holder.
Malpani will also serve as Compliance Officer pursuant to SEBI Listing Re
SAL Steel Ltd Avails ₹124 Crore Kotak Bank Facilities
SAL Steel Ltd secured ₹124 crore facilities from Kotak Mahindra Bank, comprising ₹75 crore new term loan and ₹49 crore working capital renewal.
The facilities carry 10% interest, 60-month repayment te
SAL Steel Ltd Avails ₹124 Crore Kotak Bank Facilities
SAL Steel Ltd secured ₹124 crore facilities from Kotak Mahindra Bank, comprising ₹75 crore new term loan and ₹49 crore renewed working capital.
The term loan carries 10% interest, is repayable in 60 m
SAL Steel Approves ₹75 Crore Kotak Term Loan
SAL Steel Ltd. board approved availing additional term loan of ₹75 crore from Kotak Mahindra Bank.
Funds will be utilized for partial repayment of ICD due to AIA Engineering Limited.
Loan is secured b
RHI Magnesita India Appoints Pankaj Malhan MD & CEO
RHI Magnesita India shareholders approved Pankaj Malhan's appointment as Managing Director & CEO for a five-year term effective July 1, 2026.
Malhan brings three decades of leadership experience in st
Steel Exchange India Adjourns SLP Hearing
Supreme Court heard Steel Exchange India Ltd's petition for special leave to appeal against Andhra Pradesh Industrial Infrastructure Corp.
Petition challenges the High Court of Andhra Pradesh's final
Prakash Industries 45th AGM Approves Dividend, Reappointments
Prakash Industries held its 45th AGM on 30th September 2026 via video conference to transact key business items.
Shareholders approved a dividend of ₹1.80 per equity share and re-appointed director Sh
Vardhman Special Steels KMP Resigns, Appointed President
Mr. Koichiro Hayashida resigns as Non-Executive Non-Independent Director effective 15 October 2026.
He is appointed as President (Forging Division) in a full-time capacity effective 1 October 2026.
Th
NECCLTD Wins Rs 78.19 Cr Tata Steel Logistics Contract
North Eastern Carrying Corporation awarded a two-year Rs 78.19 crore iron ore transportation contract by Tata Steel Limited.
Contract involves transportation from Kalamang to various siding locations/
NMDC Steel 11th AGM Voting Results: All 8 Resolutions Passed
NMDC Steel Limited held its 11th Annual General Meeting (AGM) on 28th September 2026 via video conferencing.
All eight proposed ordinary resolutions were passed, including adoption of FY26 financial s
Linde India Completes Tata Steel ASU Acquisition
Linde India executed conveyance deed for acquisition of 2 × 1800 TPD Air Separation Units from Tata Steel Limited.
The acquisition and transfer of ASUs at Kalinganagar Phase II Expansion Project has b
Steel Exchange India Analyst Meet Participation Sept 2026
Steel Exchange India officials participated in Arihant Bharat Connect Conference: Rising Stars 2026 on September 30, 2026.
The virtual meeting was conducted via Zoom from 2:00 PM to 2:45 PM as schedul
Ministry of Steel Establishes Steel Industry Safety Council
Ministry of Steel creates Steel Industry Safety Council to strengthen safety standards and accident prevention across industry.
Council chaired by Steel Secretary includes steel CEOs and representativ
Steel Slag Road Technology Cuts Costs 40%
CSIR-CRRI and Jindal Steel achieve Guinness World Record for 1.85-km steel slag road demonstrating 40% construction cost reduction.
Technology delivers four times higher strength than conventional roa
Nova Iron & Steel Q1 Net Profit Rs 85.87 Lakh
Nova Iron & Steel reported Q1 FY27 unaudited net profit of ₹85.87 lakh versus a loss of ₹534.79 lakh in Q4 FY26.
The company transitioned from manufacturing to steel trading after losing its manufactu
Nova Iron Steel FY26 Net Loss ₹1596.91 Lakhs
Nova Iron Steel reported audited FY26 net loss of ₹1596.91 lakhs with negative net worth of ₹2706.48 lakhs.
Auditors issued qualified opinion citing five material issues including non-compliance with
Nova Iron Steel FY26 Net Loss ₹1596.91 Lakhs
Nova Iron Steel reported FY26 net loss of ₹1596.91 lakhs with auditors issuing qualified opinion over multiple compliance and disclosure issues.
Company disposed charged assets to lender Shree Balaji
SRU Steels Reports FY26 Loss with Qualified Audit Opinion
SRU Steels' auditors issued a qualified opinion due to inability to verify inventory and non-provision of interest on loans.
The company reported a net loss of ₹71.94 lakhs for FY26 and a total compre
NMDC Achieves Record 53.16 MT Production, ₹7,421 Crore PAT
NMDC achieved record iron ore production of 53.16 million tonnes and sales of 50.24 million tonnes in FY 2025-26, representing 20.6% and 13.2% growth respectively.
Financial performance showed revenue
Bedmutha Industries FY26 Revenue Jumps 40% Despite Profit Decline
Bedmutha Industries reported ₹146.67 crore revenue for FY26, a 40% increase from FY25, driven by strong growth in steel and copper segments production and sales.
Net profit declined 72% to ₹7.05 crore
Vardhman Special Steels Dematerializes 118 Shares
Vardhman Special Steels Limited submitted a regulatory compliance certificate for July 2026 share dematerialization.
The company dematerialized 118 equity shares across NSDL (60 shares) and CDSL (58 s