Building-material

Steelmakers Urge Government to Impose Temporary Tax on Cheap Imports

Industry experts suggest that the government needs to take a more proactive approach

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JSW Steel Declared Preferred Bidder for Codli Mineral Block XII in Goa

The projected iron ore resources for the block stand at 48.5 million tonne

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Birla Opus Focuses on Organic Growth

Organic expansion prioritized over acquisitions.

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Port delays and red tape strain India’s 10,000 steel user units

These challenges have started to take a toll on the production and export

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Steelmakers Urge Government to Impose Temporary Tax to Curb Cheap Imports

Steel mills in India are experiencing considerable financial distress due to the large volume

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JSW Steel declared preferred bidder for Codli Mineral Block XII in Goa

The mineral block is expected to contain iron ore resources estimated at 48.5 MT

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JSW Cement aims to launch Rs 4,000-crore IPO in Jan 2025

SEBI had put the IPO on hold in September.

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Construction Costs Rise 11% in 2024, Driven by Labour Expenses

Cement Prices Decline 15%, But Labour Costs Surge by 25%

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UltraTech Cement to raise Rs 3,000 crore via NCDs to boost financial flexibility

UltraTech reported a 36% year-on-year (YoY) decline in net profit, dropping to Rs 825 crore

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Swiss Steel to Cut 800 Jobs

Job cuts due to weak demand

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NMDC Steel Q2 loss expands to Rs 5.95 bn, income at Rs 15.35 bn

The company had reported a loss of Rs 131.10 crore during the same period last year.

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India's April-October Finished Steel Imports Reach 7-Year High

India is the world's second-largest crude steel producer, had become a net importer in 2023/24.

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