Market News

Vedanta, NALCO, Hindalco down up to 20% in June; metals rally under threat?

In Tuesday's trade, metal stocks led by Vedanta tumbled up to 7 per cent. National Aluminium, Hindustan Zinc, Hindalco and Jindal Steel were the other major losers.

Vedanta Power, Oil & Gas, and Iron shares rally up to 5%; Aluminium sheds 3%. Should you buy, sell or hold?

Vedanta’s newly demerged entities extended their rally, with Oil & Gas, Power and Iron & Steel hitting upper circuits, while Aluminium slipped despite Citi’s bullish outlook. Brokerages remain constructive on select businesses, though views differ on valuations as investors assess growth, cyclicality and execution risks.

JSW Steel Share Price Live Updates: JSW Steel's Closing Figures

JSW Steel Share Price Live Updates: JSW Steel Current Trading Update

ArcelorMittal partners with AWS to automate global operations

Steel giant ArcelorMittal is joining forces with Amazon Web Services (AWS) to revolutionize its global operations. By integrating AWS's cloud and AI capabilities, the company aims to enhance safety, improve asset reliability, and boost energy efficiency across its manufacturing processes. This strategic partnership will leverage advanced technologies like industrial IoT and machine learning to enable predictive maintenance and optimize production, marking a significant step towards digitally enabled, sustainable steelmaking.

Vedanta Power, Aluminium, Oil & Gas and Iron shares soar up to 5%. Which stock looks best placed?

Shares of Vedanta’s newly demerged entities rallied up to 5% for a second session, driven by strong investor interest and brokerage optimism. Citi prefers Vedanta Aluminium as a structural play, while Oil & Gas, Power, and Iron & Steel offer more cyclical or valuation-driven opportunities post restructuring.

Vedanta Aluminium, other demerged stocks surge up to 5%. Which has been the best performer since market debut?

Vedanta’s newly listed demerged entities outperformed the broader market on Friday, with shares of Vedanta Aluminium Metal, Vedanta Iron and Steel, Vedanta Power and Vedanta Oil and Gas rising up to 5%. The rally comes days after their market debut following Vedanta’s mega demerger.

India to lead next phase of global steel demand, says Lakshmi Mittal

India is set to become the global leader in steel demand. This shift follows decades of strong growth from China. Lakshmi Mittal, executive chairman of ArcelorMittal, highlighted infrastructure development, urbanisation, and energy transition investments as key drivers. Operating in 2026 presents new challenges and opportunities.

India poised to drive next wave of global steel demand, says Lakshmi Mittal

India is set to lead global steel demand in the coming decades. Large-scale infrastructure projects, urban growth, and energy transition investments will drive this expansion. ArcelorMittal's Executive Chairman, Lakshmi Mittal, highlighted India's emerging role, comparing it to China's past growth. The company's 20th anniversary marks a new phase for the steel industry.

Madhu Kela to become investor in Lloyds Engineering as part of SISCOL acquisition, to receive nearly 73 lakh shares

Lloyds Engineering will acquire an 88.12% stake in Steel Infra Solutions Company (SISCOL) for about Rs 1,073 crore through cash and share swaps. The deal expands its engineering, EPC and infrastructure capabilities, adding manufacturing capacity, design centres and a diversified project portfolio.

Lloyds Engineering to acquire Steel Infra Solutions in ₹1,073 crore deal

Lloyds Engineering will acquire an 88.12% stake in Steel Infra Solutions for ₹1,073 crore through a mix of cash and share swap, strengthening its engineering and infrastructure capabilities.

Bharat Coking Coal shares jump 10% after monetising Dugda Coal Washery to JSW Steel

BCCL said this initiative will strengthen coal beneficiation, improve the availability of quality washed coking coal and support the objectives of Mission Coking Coal by reducing import dependence.