Steel
Manufacturing
Kolkata-based reinforcement bar maker Shyam Steel files for IPO
Shyam Steel Industries Ltd, maker of thermo-mechanically treated (TMT) reinforcement bars, has filed a draft prospectus with the capital market ......
Manufacturing
Adhunik Metaliks' lenders seek new buyer as Maharashtra Seamless renews interest
Lenders to bankrupt steelmaker Adhunik Metaliks have requested an additional 12 weeks from the National Company Law Tribunal (NCLT) to ......
Manufacturing
Day after Ruias' offer, Essar Steel creditors choose ArcelorMittal-led joint bid
Japan’s Nippon Steel & Sumitomo Metal Corp. and alloy giant ArcelorMittal said on Friday the lenders of Essar Steel India ......
TMT
Angel investors pump $700k in steel marketplace Virtual Metalstreet
Bengaluru-based steel marketplace Virtual Metalstreet Pvt. Ltd said in a statement on Monday it has raised $700,000 (Rs 5 crore) ......
Manufacturing
Asian PE firm ADV seals buyout to strike back-to-back India deals
Asia-focussed private equity firm ADV Partners has struck its third India deal this year by securing a buyout in the ......
Manufacturing
Japan's Sumitomo buys 49% in JV with steel maker Mukand
Japan’s diversified conglomerate Sumitomo Corporation has agreed to buy a 49% stake in its Indian joint venture Mukand Sumi Special ......
Manufacturing
Sicagen to acquire Danish Steel Cluster
Sicagen India Ltd, a Chennai-based construction and industrial products company, has agreed to acquire Bengaluru-based Danish Steel Cluster Pvt. Ltd ......
Commodities
JSW Steel to buy out Praxair from joint venture for $36 mn
Billionaire Sajjan Jindal-led JSW Steel Ltd said on Tuesday it has signed a pact to acquire Praxair India Pvt Ltd’s ......
Manufacturing
Affected by steel sector downturn, SAIL offers VRS to employees
At a time when the domestic steel industry is reeling under deep financial stress due to demand slowdown and surge ......
Manufacturing
India defers provisional safeguard duty on unwrought aluminium imports
Under criticism over its protectionist measures for the domestic steel industry, India has deferred the 5% provisional safeguard duty on ......
