Tag: steel

With India aiming to reach the $5 trillion GDP target sooner or later, India’s economic growth in the coming years will be significantly driven by major investment in key sectors such as infrastructure development and investments in upgrading the physical ...

Aeroflex Industries Limited plans to raise Rs 351 crore through initial public offering. The subscription for the IPO will be open from August 22 to August 24, 2023. The price band is fixed at Rs 102 – 108 per share.The IPO ...

India Ratings and Research (Ind-Ra) said in a report that it estimates steel demand to grow in the range of 7%-9% YoY for FY24 compared to 12% in FY23. The growth is primarily driven by a continued rise in government ...

Revenue growth of Corporate India is expected to decline to 10-12% year-on-year for the fourth quarter (Q4) of FY23 from 22.8% in the same quarter of fiscal 2022 due to continued headwinds to exports impacting volume growth, and high-base effect, ...

Domestic steel companies are likely to face a 35-40% year-on-year (YoY) drop in exports to 10-12 million tonne in this fiscal due to the 15% export duty imposed on several finished steel products in May by the Indian government, according ...

Metal index was badly battered as heavyweights like Tata steel, Jindal Steel and SAIL, etc. fell between 6 to 8% on a weekly basis. Nifty Metal dropped 3.3% and BSE Metal lost 3.5%.The steel industry has been impacted due to ...

The Indian steel industry has seen many ups and downs in the past couple of decades due to various factors in the global economy. The sector is also one of the core sectors of the economy and its performance is ...