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VMS TMT board clears AUSL merger with company
VMS TMT has announced its board has approved the merger with TMT bars maker Aditya Ultra Steel Ltd (AUSL). This strategic amalgamation aims to create a robust entity by combining manufacturing, distribution, and financial strengths. Shareholders of AUSL will receive 75 VMS TMT shares for every 100 held. The combined company anticipates a significant boost in manufacturing capacity and operational efficiencies.
Govt plans Rs 5,000 crore scheme in 3 months to promote green technologies in steel sector
The Indian government is set to launch a Rs 5,000 crore scheme within three months to boost clean technologies in steelmaking, aiming to slash carbon emissions. Titled the National Strategy for Sustainable Secondary Steel, the initiative will benefit all steel producers, with a significant portion allocated to smaller players. This move aligns with India's net-zero commitments, addressing the steel sector's substantial contribution to greenhouse gas emissions.
Small-cap stock under ₹50 jumps after announcement of amalgamation move
VMS TMT's stock rose following the announcement of an approved merger with Aditya Ultra Steel Limited, aimed at creating a larger and more efficient steel manufacturing entity, pending necessary approvals. Shareholders of AUSL will receive 75 VMS TMT shares for every 100 shares held.
Here's why the last 30 minutes are crucial for the Indian stock market today
Stocks like BHEL, Tata Steel, Vedanta, Polycab, Bharat Forge, CG Power, NALCO, HDFC Bank, Coal India and Vodafone Idea are also poised for inflows ranging from $30 million to $70 million as part of the rebalancing.
InCred sees aluminium prices falling to $2,400–2,700 as scrap supply rises
Satish Kumar, MD and Head of Incred Research Services explains why the Street may be too bullish on aluminium, warns of downside risks for producers, and shares his preferred picks in steel and chemicals.
Anubhav Plast share price hits 5% lower circuit after flat debut
Anubhav Plast shares debuted flat at ₹80 on BSE SME, matching the issue price of ₹88. The IPO, with a subscription status of 1.53x, focused on manufacturing ERW steel pipes and aims to expand production capabilities.
Tata Steel Share Price Live Updates: Tata Steel experiences a weekly decline
JSW Steel Share Price Live Updates: JSW Steel's weekly performance reveals a decline
Interarch order book rises above ₹1,700 crore, sees margins matching or improving in FY27 | Q&A
Interarch Building Solutions expects fresh capacity additions, steady steel prices and improving operational efficiencies to support growth in FY27, while export investments and new manufacturing facilities lay the foundation for stronger overseas business from FY28.
India initiates anti-dumping investigation into steel imports from China, Japan, Russia
India has launched an anti-dumping investigation into hot rolled steel imports from China, Japan, and Russia. JSW Steel and Jindal Steel allege these products are being sold at unfairly low prices, harming domestic manufacturers. The Directorate General of Trade Remedies found initial evidence of dumping, with significant price differences. This probe, covering imports from 2022-2025, aims to assess the impact on India's steel industry.
Tata Steel faces appeal over dropped GST penalty in India - Investing.com
Tata Steel faces appeal over dropped GST penalty in IndiaInvesting.com
India starts anti-dumping probe on hot rolled steel imports By Investing.com - Investing.com Nigeria
India starts anti-dumping probe on hot rolled steel imports By Investing.comInvesting.com Nigeria