Indian Steel Industry News

BULL'S EYE: Rolta India, Tata Steel, Max, Cairn India, Aditya ... - Economic Times
Mon 6 Jul 2009 2:55am
BULL'S EYE: Rolta India, Tata Steel, Max, Cairn India, Aditya ...Economic TimesCMP: Rs 127 BNP Paribas upgrades Rolta India to `Buy' with a target price Rs 160. Management indicates that order inflow continues to improve and that the ...and more »...


JSW Steel to double US output in 3 months (Business Standard  India)
Sat 4 Jul 2009 8:44pm
Sajjan Jindal-controlled JSW Steel plans to double the output from its plate and pipe mills in the US following a revival in demand. At present, the plant is utilising 15 per cent of its 1.7 million tonnes (MT) annual production capacity....


WEB EXTRAS (The Hindu)
Sat 4 Jul 2009 8:38pm
OUTLOOK: Global steel majors await Indias move on iron ore exports Asian prices firm up on fears of duty on shipments. Mumbai, July 4 Steel majors in Asia and elsewhere are anxious about developments in India in relation to iron ......


5 Indian firms in shortlist to exploit Afghan iron (rediff.com)
Sat 4 Jul 2009 1:30am
Five Indian metals and mining companies are in the race for acquiring mining rights for the largest iron ore deposit in war-torn Afghanistan. The government has shortlisted Vedanta group's Sesa Goa, Essar Minerals, Ispat Industries, JSW Steel and Rashtriya Ispat Nigam for......


5 Indian firms in shortlist to exploit Afghan iron ore mine (Business Standard  India)
Fri 3 Jul 2009 8:42pm
Five Indian metals and mining companies are in the race for acquiring mining rights for the largest iron ore deposit in war-torn Afghanistan....


Indian Rail to Add More Wagons, Coaches to Upgrade (Update1) (Bloomberg)
Fri 3 Jul 2009 2:58pm
July 3 (Bloomberg) -- Indian Railways , Asias oldest rail network, will buy new wagons and build more coaches to upgrade infrastructure and compete with highways to carry goods in the worlds second-fastest-growing major economy....


Reliance Industries, Tata Steel, Wipro: India Equity Preview (Bloomberg)
Fri 3 Jul 2009 6:27am
July 3 (Bloomberg) -- The following companies may have unusual price changes in India trading. Stock symbols are in parentheses and share prices are as of yesterdays close....


Reliance Industries, Tata Steel, Wipro: India Equity Preview - Bloomberg
Fri 3 Jul 2009 6:22am
Reliance Industries, Tata Steel, Wipro: India Equity PreviewBloombergTata Steel Ltd. (TATA IN): India's biggest producer of the alloy plans to raise dollar 600 million selling shares, Reuters reported yesterday, citing people it ...and more »...


Tata Steel stocks rise on talk of dollar 600-m GDR (Express India)
Thu 2 Jul 2009 10:51pm
Tata Steel Ltd is planning to sell dollar 600 million of global depositary receipts to fund its India and UK operations, according to sources. Citigroup and JPMorgan are believed to be arrangers for the issue....


Tata Steel to sell GDRs for about dollar 600 mln-sources (Reuters via Yahoo! Philippines...
Thu 2 Jul 2009 11:31am
MUMBAI, July 2 (Reuters) - India's Tata Steel , the world's sixth-largest steel maker, plans to sell global depositary receipts worth about dollar 600 million, two sources with direct knowledge of the deal said on Thursday....


Kobe Steel Opens Sales Unit in Kolkata to Market Steel Production Equipment in Ind...
Wed 1 Jul 2009 9:11am
Kobe Steel Opens Sales Unit in Kolkata to Market Steel Production Equipment in India...


Kobe Steel Opens Sales Unit in Kolkata to Market Steel Production Equipment in Ind...
Tue 30 Jun 2009 8:57am
Tokyo, June 30, 2009 - (JCN Newswire) - Kobe Steel, Ltd. announces that it will open today a subsidiary company in Kolkata, West Bengal, to market its steel production machinery in India....


Iron ore exports drop 12% as freight charge takes toll - Economic Times
Mon 1 Jun 2009 3:55am
NEW DELHI: Indias iron ore exports dropped 12% year-on-year in March, interrupting the trend of rising sales in the previous three months, as expensive rail freight takes its ......


Times Reports The Economic Disaster Of New Nukes - Scoop
Mon 1 Jun 2009 2:50am
In a devastating pair of financial reports that might be called "The Emperor Has No Pressure Vessel," the New York Times has blazed new light on the catastrophic economics of ......


Tata Steel UK receives lenders' consent to reset debt covenants - Deepika Global
Sun 31 May 2009 11:30pm
Mumbai, May 30 (UNI) Tata Steel UK, a 100 per cent indirect subsidiary of Tata Steel Limited, today received Lenders' approval to reset the covenants in its 3.7 billion USD ......