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Thursday July 24th 2014

‘Metals’ Archives

Jindal Saw received orders worth 1000 crore

Jindal Saw saw some sparkling rally today after it announced the market that the Company recently has received various orders aggregating to approx US$ 250 Million for supply of Spiral pipes / Longitudinal Submerged Arc Welded (LSAW) Pipes and Seamless pipes.With these orders, the Company's present order book exceeds US$ 850 million. These orders [...]

SAIL and Tata Steel forms Coal Mining JV

SAIL and Tata Steel Ltd signed a joint venture coal mining Company in the State of Jharkhand. Both the Company and Tata Steel will hold 50% each of the paid-up capital in the joint venture Company. The Joint Venture Company would initially be mining 4 nos. of identified coal blocks in India.

Steel Authority of India Ltd (SAIL) Results – announces Quarter ended September 30, 2007 result

Sail has posted a net profit of Rs 17002.40 million for the quarter ended September 30, 2007 as compared to Rs 14428.10 million for the quarter ended September 30, 2006. Total Income has increased from Rs 87678.60 million for the quarter ended September 30, 2006 to Rs 94677.50 million for the quarter ended September 30, 2007.

JSW Steel Ltd Results – announces quarter ended September 30, 2007 Result

JSW Steel Ltd has posted a net profit after tax of Rs 5112.30 million for the quarter ended September 30, 2007 as compared to Rs 3463.00 million for the quarter ended September 30, 2006. Total Income has increased from Rs 22050.20 million for the quarter ended September 30, 2006 to Rs 26187.70 million for the quarter ended September 30, 2007.

Steel Authority of India Ltd (SAIL) declares Quarter Results today

It showed a 70% raise in Net Profit ,The Company has posted a net profit after tax of Rs 19018.80 million for the quarter ended March 31, 2007 where as the same was at Rs 11032.00 million for the quarter ended March 31, 2006. Total (net of excise) is Rs 106238.70 million for the quarter ended March 31, 2007 where as the same was at Rs 91553.10 [...]

Tata Steel announces Q4 results

Tata Steel Q4 result has been announced. It has posted net profit of Rs 1103.5 crore in Q4 versus Rs 783.1 crore on YoY basis.

Tata Steel Updates on Corus Group Plc, UK

Tata Steel Ltd has informed BSE that Tata Steel UK Ltd, indirect wholly owned subsidiary of the Company has acquired 7,136,094 of equity share capital of Corus Group Plc, UK at 601.75 pence per share on February 14, 2007.With the above purchase, Tata Steel UK holds 207,092,046 (21.9%) equity share capital of Corus Group Plc, UK.

Hindalco Industries buys Novelis for 6 Billion US dollar

Hindalco Industries Ltd has informed BSE that the Company and Novelis Inc. (NYSE: NVL) (TSX: NVL), the world's leading producer of aluminum rolled products on February 11, 2007 has announced that they have entered into a definitive agreement for Hindalco to acquire Novelis in an all-cash transaction which values Novelis at approximately US$ 6 [...]