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Fires at Novelis singe Hindalco profit by 45%

New Delhi, Feb. 12 -- Metals giant Hindalco Industries Ltd missed earnings estimates in the December quarter, singed by back-to-back fires at its US crown jewel Novelis Inc. The Aditya Birla Group fl... Read More


Gravita India enters copper recycling biz, acquires Rashtriya Metal

Mumbai, Feb. 9 -- Recycling company Gravita India Ltd has signed a binding term sheet to acquire up to 100% stake in Rashtriya Metal Industries Ltd (RMIL), manufacturers of copper and copper alloy pro... Read More


Tata Steel Q3 preview: UK turnaround, Europe carbon tax under the spotlight

New Delhi, Feb. 5 -- The question of when Tata Steel's UK operations will finally break even has come to overshadow nearly every quarterly interaction the company has with analysts. What was earlier g... Read More


Berger Paints misses Q3 estimates on long monsoon, shorter festive season

Mumbai, Feb. 5 -- Berger Paints India Ltd, India's second-largest paintmaker, missed analyst estimates as an unusually prolonged monsoon in October and a shorter festive season weighed on its December... Read More


Jindal Steel Q3 net profit falls almost 80% on higher costs; revenue up 11%

New Delhi, Jan. 30 -- Jindal Steel, India's fourth-largest steelmaker, announed its Q3 earnings after market hours on Friday, reporting a decline in profit during the December quarter due to weak stee... Read More


Higher cement sales help UltraTech beat earnings estimates

Mumbai, Jan. 24 -- India's largest cementmaker, UltraTech Cement Ltd, reported better-than-expected net profit for the December quarter, beating analyst estimates on the back of strong cement sales. ... Read More


JSW Steel Q3 profit jumps nearly threefold aided by one-time gain

Mumbai, Jan. 23 -- JSW Steel, India's largest steelmaker by domestic capacity, reported a nearly three-fold jump in net profit for the December quarter on the back of a one-off tax gain. The company ... Read More


JSW Steel Q3 preview: Import curbs lift stock, but earnings seen under pressure

New Delhi, Jan. 22 -- Mumbai: JSW Steel stock has surged in the past three weeks in tandem with domestic steel prices after the government put a levy on cheaper imports. The steelmaker's shares rose ... Read More


Tata Steel trials Canadian iron ore to hedge against future shortages

New Delhi, Jan. 7 -- Tata Steel has booked a bulk shipment of iron ore lumps from Tata Steel Minerals Canada (TSMC), marking the first time the Indian steelmaker has sourced this key raw material from... Read More


Domestic steel prices rise after safeguard duty

Mumbai, Jan. 7 -- Within a week of the finance ministry imposing a safeguard duty on steel imports, domestic steelmakers raised prices across key products in early January. Prices of hot-rolled coil ... Read More