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Market at Close | Nifty snaps 4-day losing streak, led by Bharti Airtel, L&T, Dixon Tech gains
The Sensex rose 50 points to close at 74,609, while the Nifty gained 33 points to settle at 23,413. The Nifty closed above the 23,400 mark, with Bharti Airtel Limited, Larsen & Toubro Limited, Tata Steel Limited and Asian Paints Limited emerging as the top contributors.
India lacks adequate scrap supply, only 25% steel demand can be met through scrap-based production: Former Steel Secy
India's steel sector grapples with limited scrap for green production. Only 25 percent of steel demand is met by scrap-based manufacturing. Deteriorating iron ore quality further complicates efforts. The nation is exploring green steel through pilot projects and government missions. A Carbon Credit Trading System is expected to drive emission reductions. India's crude steel output is growing significantly.
Texmaco Rail & Engineering Ltd leads gainers in 'A' group
Steel Authority of India Ltd, Mishra Dhatu Nigam Ltd, MTAR Technologies Ltd and Vodafone Idea Ltd are among the other gainers in the BSE's 'A' group today, 13 May 2026.
Magnus Steel and Infra listed among approved suppliers for Tata Motors projects
Magnus Steel and Infra has secured a significant role as an approved steel supplier for Tata Motors' upcoming manufacturing facilities in Gujarat and Maharashtra. The company has already begun supplying materials through RIECO Industries Ltd. Future orders are anticipated, with an estimated engagement size of Rs 32.50 crore.
Shyam Metalics Q4 Results: Profit rises 46%; board clears ₹2,700 crore capex
Shyam Metalics and Energy reported strong Q4 earnings growth with higher margins and announced a ₹2,700 crore expansion plan aimed at boosting speciality steel and stainless steel capacities.
Q4 Results Next Week: Bharti Airtel, HAL, Tata Motors, Cochin Shipyard, Premier Energies, ITC Hotels And More
PVR Inox, Dixon Technologies, Dr Reddys Laboratories, Tata Steel, Cipla, JSW Steel and NCC, among others will declare earnings from May 11 and 16.
Larsen & Toubro bags mega order from JSW Steel for metals projects
Larsen & Toubro (L&T) said its Minerals & Metals business has secured its largest-ever domestic order in the metals sector from JSW Steel.
Larsen & Toubro secures its largest domestic order in metals segment
From JSW Steel
Larsen and Toubro wins 'mega' order from JSW Steel, its largest ever in domestic metals sector
L&T reported its fourth quarter earnings on Tuesday. It has guided for 10-12% revenue growth for FY27, similar margins to FY26 at 8.3% and 10-12% growth in order inflow. The company is expecting the first and second quarters of this fiscal to witness disruptions due to delayed shipments.
L&T wins largest domestic metals order from JSW Steel for major expansion
Larsen & Toubro's Minerals & Metals division secured its largest domestic metals order from JSW Steel, valued between Rs 10,000 crore and Rs 15,000 crore. This 'mega order' involves comprehensive engineering, procurement, and installation of critical process facilities for JSW Steel's expansion to over 50 MTPA by 2031, primarily at sites in Karnataka and Odisha.
Jindal Steel, Thyssenkrupp pause talks on steel unit stake
Thyssenkrupp AG and Jindal Steel International have paused discussions on a potential stake sale in the German firm’s steel unit. The company said the assumptions for the deal have changed, citing progress in restructuring its steel business and a more favourable regulatory environment in Europe, which offers better growth prospects despite high energy costs.
Vedanta demerger record date is May 1, but why is today the last date to buy?
Vedanta's demerger record date is May 1, a market holiday, making April 29 the last day to buy shares for eligibility. Shareholders will receive one share each of Vedanta Aluminium Metal, Talwandi Sabo Power, Malco Energy, and Vedanta Iron and Steel for every Vedanta share held. This restructuring aims to unlock significant shareholder value by creating distinct, sector-specific entities.