Ajay Devgan will be the face of the brand for next 2 years and will help promote its Gallantt & Gallantt advance range of TMT Bars pan India. Gallantt Group is one of the leading Indian conglomerates with end to end annual steel manufacturing capacities of more than 1 Million Ton through their m... Read more...
Union Steel Minister, Ram Chandra Prasad Singh said, "Steel prices are expected to come down once production increases. The Ministry is looking to focus on ramping up steel production in the country so as to be able to meet the anticipated surge in demand moving forward." Steel, being a “deregu... Read more...
The Gujarat government informed that the world's leading steel and mining conglomerate ArcelorMittal would invest Rs 1,00,000 crore in different projects in the states, including its steel plant at Hazira near Surat. ArcelorMittal Chairman Lakshmi Niwas Mittal along with the CEO of ArcelorMittal ... Read more...
Welspun Corp Ltd. (WCL) - a flagship company of the Welspun Group, is amongst the leading welded line pipe manufacturing companies in the world. Recently the company has initiated its foray in Ductile Iron Pipes business by setting up of a Greenfield plant in Anjar. The Board has also approved propo... Read more...
India’s steel consumption is set to break records this year, reversing the performance in 2020 when demand crashed as the pandemic upended economic activity. Demand for steel is expected to surge 17% to 110 million tons in the year started April, according to Seshagiri Rao, joint managing director... Read more...
THE THREE BIG DRIVERS — BACKLOG, REAL ESTATE & INFRASTRUCTURE DEMAND AND DISRUPTED PRODUCTION AMIDST WORKFORCE SHORTAGE ARE CONSISTENTLY RAISING THE COST OF CONSTRUCTION RAW MATERIALS A.K.A. STEEL AND CEMENT. THE SOLUTION STILL EVADES. Real estate governing bodies CREDAI and NAREDCO have ur... Read more...
The coronavirus pandemic that hit the real estate sector hard has been harder on the affordable housing segment, with its share of supply dropping to 20 percent in the top seven cities in the second quarter of 2021, realty consultancy firm Anarock has said. Of 36,260 units launched in these citie... Read more...
JSW Steel is planning to invest another Rs 25,115 crore by 2024-25 to ramp up its capacity to 37.5 million tonne (MT) per annum, its Chairman and Managing Director Sajjan Jindal said in a message to its shareholders. The company, which sold nearly 15 MT of steel in FY21, claimed to have invested ... Read more...
Welspun Corp will acquire the division of the demerged company Welspun Steel Limited (WSL), which is engaged in the manufacturing of BIS Certified Steel Billets and Direct Reduced Iron (DRI), specialty steel and thermo mechanical treatment bars manufacturing business. The scheme provides for deme... Read more...
Crucial inputs such as steel, cement, sand, stone aggregates, plywood materials and M Sand have seen a price increase in the last one year, pushing up the overall construction cost. The construction of individual homes has become expensive with cost per square for a moderate structure going up from ... Read more...