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Vraj Iron & Steel consolidated net profit rises 55.54% in the March 2026 quarter
Sales rise 11.24% to Rs 170.21 crore
Vedanta demerger: At what price will each of the four new companies list? Check cost of acquisition
Vedanta has completed its demerger, with investors awaiting the listing of four new companies. The company has shared the cost of acquisition ratios for these entities. Shareholders will receive individual cost allocations for Vedanta, Malco Energy, Talwandi Sabo Power, Vedanta Aluminium Metal, and Vedanta Iron and Steel. Analysts have provided target prices for these demerged companies.
Sunflag Iron & Steel Company wins bids for Tambia South Coal Block in Madhya Pradesh
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.
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.
India Steel Sector Posts Broad-Based Growth in April 2026 Amid Strong Domestic Demand
Crude steel production in April 2026 stood at 14.09 million tonnes, up 5.8% YoY over April 2025 (13.31 million tonnes). Hot metal production grew 5.4% YoY while pig iron output (0.69 million tonnes) posted a decline of 6% YoY. Finished steel production reached 13.05 million tonnes, up 3.4% YoY. Finished steel consumption in April 2026 was 12.99 million tonnes, registering growth of 8.1% YoY reflecting continued buoyancy in construction, infrastructure and manufacturing end-use segments.
NMDC hikes iron ore prices by Rs 200 tonne
State-owned NMDC has raised iron ore lump and fines prices by Rs 200 per tonne, effective immediately. Baila lump ore is now priced at Rs 5,500 per tonne and fines at Rs 4,700 per tonne. This price hike, exclusive of various taxes and fees, will impact steel manufacturing costs.
Sunflag Iron & Steel zooms 29% in 2 days, hits record high; here's why
According to BSE bulk deal data, the investor Vallabh Roopchand Bhanshali purchased 2 million equity shares of Sunflag Iron & Steel for ₹60 crore.
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.
Jindal Saw Q4 results | Profit slides 52%; board recommends ₹2 dividend
The iron & steel pipes manufacturer's revenue fell 8% to ₹4,633.5 crore from ₹5,046.6 crore; EBITDA and margins saw steep dips. Ahead of the results, shares of Jindal Saw ended at ₹245.50 on the NSE on April 27, up 2.41% on the day.
Vedanta sets May 1 as record date for demerger; approves 1:1 share allotment across 4 entities
Under the composite scheme of arrangement, shareholders of Vedanta will receive equity shares in four businesses — Vedanta Aluminium Metal Ltd (VAML), Talwandi Sabo Power Ltd (TSPL), Malco Energy Ltd (MEL) and Vedanta Iron and Steel Ltd (VISL) — in proportion to their existing holdings. Shares of Vedanta Ltd ended at ₹770.65, down by ₹16.95, or 2.15%, on the BSE today, April 20.
NMDC hikes iron ore prices by up to 11.1% effective April 5
In a pivotal move, NMDC, the state-owned giant, is set to hike iron ore prices effective April 5, 2026. Following an unprecedented production year with record outputs from its flagship mines, the prices for Baila Lump and Baila Fines will see an increase. This adjustment is expected to ripple through the steel manufacturing sector, affecting raw material costs significantly.