Jindal Steel has successfully deployed syngas in its galvanising and colour coating line furnaces to combat shortages of natural gas, LPG, and propane. This innovative approach allows the company to sustain operations and promotes energy self-reliance.
The Jharkhand Criminal Investigation Department (CID) has uncovered a money trail of Rs 10 crore related to the Bokaro treasury scam, freezing several fixed deposits and arresting multiple individuals, including police personnel and an accountant.
The cost of the war is being counted not in the corridors of power in Washington or Tehran, but in Firozabad's darkened furnace rooms, Howrah's idle casting sheds, and a barbershop in Kochi where the wait is suddenly, inexplicably, an hour long, notes Prem Panicker in his must read blog on the Iran War.
A nationwide strike called by central trade unions saw a mixed response across India, impacting various sectors and states differently, with some areas experiencing disruptions while others remained largely unaffected.
In a significant development, the Supreme Court on Thursday recalled its controversial May 2 verdict that had ordered liquidation of Bhushan Power & Steel Limited (BPSL) while setting aside a resolution plan of JSW Steel Limited for the ailing firm. A bench comprising Chief Justice B R Gavai and Justice Satish Chandra Sharma observed that the May 2 judgment, authored by Justice Bela M Trivedi, since retired, did not "correctly consider the legal position as has been laid down in the catena of judgments".
The Supreme Court on Friday declared JSW Steel Limited's resolution plan for Bhushan Power & Steel Limited (BPSL) "illegal" and ordered the latter's liquidation, four years after the company was acquired by JSW Steel under the Insolvency and Bankruptcy Code (IBC). Following the ruling, JSW Steel shares fell sharply.
The power sector presents a puzzle. A fast-growing economy should be aligned to higher power demand but that hasn't been the case in the financial year 2026 till date (FY26TD).
Tata Steel is in the process of filing a curative petition in the Supreme Court in connection with the apex court ruling which said that states have the power to levy cess on mining and mineral-use activities. The petition by the steel manufacturing firm is aimed at seeking remedy to the order, passed by a 9-judge Constitution Bench of the Supreme Court on July 25. However, Tata Steel's managing director and chief executive officer T V Narendran told Business Standard that there was no demand note on the firm.
Lakshya, the 2021 World Championships bronze medallist, eased past compatriot S Subramanian 21-14, 21-11, while Rakshitha overcame Shriyanshi Valishetty 19-21, 21-8, 21-13 in another all-Indian contest that clocked 58 minutes.
139 Naxalite cadres surrendered in Maharashtra and Chhattisgarh, marking a significant turning point in the fight against Left Wing Extremism. The surrenders included a top Maoist strategist and were hailed as a sign of the movement's decline.
From setting up cutting-edge facilities to cater to the domestic market and building capabilities of global standards, the action is building up.
To prevent companies from submitting unrealistic quotes to bag project contracts across industries, the government is planning to soon roll out a mechanism to curb irrational bidding.
However, the minister did not specify a time frame under which the land transfer will be completed.
Samal also claimed that the Odisha BJP was confident of winning both the polls.
Rajbaris are a link to Bengal's rich past, of grand mansions, classical fine dining, and allow guests to be pretend zamindars for those few hours or days that they stay.
Two days after one of India's worst train accidents at Bahanaga Bazar in Odisha's Balasore district, two railway tracks have been made fit to carry trains after bulldozers and cranes removed capsized coaches on the main trunk line connecting eastern and southern India.
Tata Steel has built an iron ore chest of nearly 600 million tonnes (mt) and will look for more as it prepares for life beyond 2030 when its legacy captive mines come up for auction. The lease for four of its existing iron ore mines -- Joda East, Noamundi, Katamati, and Khondbond -- that feed the domestic operation with low-cost iron ore is going to expire in 2030, following changes in mining regulations. The year will also coincide with Tata Steel's ambitious target of doubling steelmaking capacity in India to 40 mt, increasing the need for iron ore. The company is pushing the pedal to ensure that it has enough resources to meet enhanced needs.
On June 30, mining and metals giant Vedanta, announced that it had decided to initiate a strategic review of its steel and steel-making raw material businesses. The review would begin immediately and evaluate a broad range of options, including but not limited to a potential strategic sale of some or all of the steel businesses, the company said in its stock exchange filing. The signs have been there - approaches had been made to steel players over the past year. Last December, Anil Agarwal, chairman Vedanta group, told Business Standard that the steel plant capacity was about 3 million tonnes (mt).
'The biggest impact will be on coal and hence on power cost. Then comes iron ore, coking coal, bauxite.'
At least 120 people were killed and more than 800 injured in a horrific triple train crash on Friday in Odisha's Balasore district involving the Bengaluru-Howrah Superfast Express, the Shalimar-Chennai Central Coromandel Express and a goods train, officials said.
Chief ministers of West Bengal, Jharkhand and Odisha on Wednesday evening condoled the demise of Tata Group's chairman emeritus and veteran industrialist Ratan Tata, and said his legacy will live on forever.
JSPL is under CBI lens for giving wrong information about its land, water supply and previous allocations to get coal block in Jan 2008.
Balasore district hospital looked like a war zone with the injured lying on stretchers in the corridor and rooms bursting at its seams with extra beds propped up.
Apart from being the most successful cases under the IBC, Bhushan Steel and Essar Steel are among the best steel assets in the country. They also ended up helping their lenders get back a significant chunk of the money while allowing Tata Steel to consolidate its position and giving the world's two largest steel makers - ArcelorMittal and Nippon Steel - a strong foothold in India. A significant contrast was the pace at which these two cases were resolved under the bankruptcy code. In the annals of the Insolvency and Bankruptcy Code (IBC), Essar Steel may go down in history as the most noticeable resolution with the world's largest steelmaker, ArcelorMittal, and the incumbent, Ruia family, locked in an intense battle spanning more than two years and ultimately resulting in full recovery of the principal amount for the financial creditors.
Corroded nuts and bolts likely contributed to the collapse of the Chhatrapati Shivaji Maharaj statue by causing a failure in steel members forming the frame inside the statue, according to a structural engineer.
India Ratings expects long products demand growth to be sharp, supported by a demand push from the government-led infrastructure investments in affordable housing, railways, rural electrification and road networks.
Jamshedpur FC took a major step towards securing the ISL Winner's Shield after a dominant 5-1 victory over Odisha FC
Essel Mining & Industries Limited (EMIL), Adani Enterprises (AEL), and JSW Steel are looking to surrender their mines. Of these, AEL and EMIL have already notified the government.
The train crash happened near the Bahanaga Baazar station in Balasore district, about 250 km south of Kolkata and 170 km north of Bhubaneswar, around 7 pm on Friday, prompting the Railway Ministry to order a probe.
Patkar, talking to reporters, said that she wanted to meet the family members of Swain, but a section of locals claimed that the team of activists was there to seek feedback from them about the JSW project.
The 2,500-hectares lease included both notified and non-notified areas.
'He was sought after because he delivered.' Ishita Ayan Dutt profiles Tata Steel's new boss.
Agitators squatted on railway tracks at various places, leading to cancellation, short-termination and diversion of several trains.
Images from Indian Super League matches played on Saturday.
The Supreme Court verdict on mining royalty case will give a further jolt to the Indian mining industry and will have very large financial implications, as arrears may work out to the tune of more than Rs 1.5 lakh crore to Rs 2 lakh crore, industry players said on Wednesday. The Supreme Court on Wednesday upheld the power of states to levy tax on mineral rights and mineral-bearing land, and allowed them to seek refund of royalty from April 1, 2005 onwards. According to a senior mines ministry official, the verdict will have a very large financial impact on mining, steel, power and coal companies.
'The Budget will be positive, continuing on the path of growth taken so far.'
India on Monday announced the results for the country's first critical mineral auction. Amid the tepid response from big players, the list of successful bidders included some lesser known names. A total of five companies secured bids for six critical mineral blocks of graphite, manganese, phosphorite, lithium, and rare earth elements with auction premiums ranging from 13.05 per cent to 400 per cent.
Because he knows Odisha; and Odisha knows him, observes Aditi Phadnis.
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