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SAIL's Bokaro plant to get 8.3 MT iron ore via slurry pipeline; Rs15K cr expansion underway
Bokaro Steel Plant will receive iron ore annually through a new slurry pipeline. This modern system will eliminate dependence on railway rakes for raw material transport. The plant's crude steel production capacity will increase significantly after expansion. This project involves a substantial capital investment and aims for completion in three and a half years. The expansion will enhance production capacity and global competitiveness for Bokaro Steel Plant.
Vedanta Iron & Steel shares extend winning streak, surge 10%; stock up 70% since listing
Vedanta Iron & Steel shares jumped, extending an 11-day winning streak and taking total gains to over 70% since listing earlier this month. The stock debuted at Rs 20 following Vedanta Group’s demerger and has nearly doubled its market cap to about Rs 13,941 crore from Rs 7,821 crore.
JSW Steel declared preferred bidder for Goa mineral block with 96 MT iron ore resources
Shares of JSW Steel Ltd ended at ₹1,275.00, down by ₹8.30, or 0.65%, on the BSE.
Jindal Steel wins Thakurani A1 iron ore block in Odisha
Jindal Steel has emerged as the preferred bidder for the Thakurani A1 iron ore block in Odisha. This acquisition will bolster the company's iron ore supply as it expands its Angul plant capacity. The mine holds over 50 million tonnes of iron ore. Jindal Steel committed a premium of 101.20% to secure the block.
Momentum Stocks: Oracle Financial, KIMS, Marico, Delhivery, Federal Bank hit 52-week high
Waterways Leisure Tourism, Vedanta Iron and Steel, Websol Energy System, Veljan Denison among others were locked in their upper circuits.