The government levied export duty on 11 iron and steel intermediates and key steel products.
At 10:36 am; Nifty Metal index was the top gainer among sectoral indices, up 4.4 per cent, as compared to 1.3 per cent rise in the Nifty50 index.
According to the technical analyst from Anand Rathi, Genus Power has confirmed a multi-year breakout above the Rs 95 mark, and seems poised to rally towards Rs 140 in the next few months.
The firm said capex for the integrated steel plant is likely to be about Rs 65,000 cr including associated facilities
JSW Steel on Friday posted a combined crude steel production of 5.98 million tonne (MT) for the quarter ended March 31, 2022.
Raw material prices had been on the rise, but since Russia waged war on Ukraine, prices surged.
Senior executive of JSW Steel sees 'distortions in market' after Russian invasion of Ukraine
India's top steelmakers have increased rebar and HRC (Hot Rolled Coil) price by around Rs 1,500-Rs 2,000 a tonne due to rising raw material cost, reports suggest
Russia produces about 6 per cent of the world's aluminium and accounts for about 7 per cent of global nickel mine supplies
JSW will be represented in WBCSD by Seshagiri Rao, Joint Managing Director and Group CFO, who also sits on the board of directors of JSW Steel
This government has allocated Rs 7.5 trillion towards capital expenditure, up 35.4 per cent higher compared to the previous year's figure of Rs 5.5 trillion.
Firm has been able to achieve full capacity utilisation; Exports ramped up, accounted for 36% of sales mix in Q3FY22
Axis Bank, HDFC AMC, Indian Energy Exchange, SBI Cards, Shriram Transport Finance, Steel Strips Wheels, and Zensar Technologies to announce results today.
Strong revenue stream led by automotive, solar, appliance segments push up bottom line
Business Standard bring you the top headlines on Friday
Consolidated total income climbed 74% to Rs 38,225 cr
A Double Bottom breakout on metal index indicates an upside towards 6,300-level, which is 7% higher from current levels.
Vodafone Idea continues to attract risky traders as medium-term outlook remains robust
Analysts see capex value accretive; in line with country's consumption growth outlook
The metal index is on the verge of breakout, if crosses 5,800 mark, another 6 per cent jump is very certain.