Metal Sector

NMDC experienced a loss of ₹30 Crore during the quarter due to interest on penalties for compensatory afforestation mandated.

As of March 2024, the government owned 66.14% of the corporation, while the LIC owned 6.88%. Foreign institutions own 3.13% of the firm.

Additionally, the steel company distributed ₹822 Crore in FY23 and a record ₹4,194 Crore in FY22.

Adding five million tonnes of capacity at Dolvi will cost JSW approximately $460 per tonne, much lower than $700 per tonne.

The combined net debt was reported at ₹11,203 Crore as of March 31, compared to ₹9,115 Crore as of December 31, 2023.

JSW Steel, the JSW Group's flagship company, is a significant integrated steel manufacturer in India, with a capacity of 18 MTPA.

Building a new electric arc furnace while maintaining the existing steel melting shop would be risky and complex.

JSW raised $500 million in April 2019 with a five-year bond at 5.95%, which is due for repayment this month.

The business has designated today as the record date for determining which stockholders are qualified to receive the bonus shares.

"Tata Steel UK announced it will ramp up coke imports to counterbalance the effects of shutting down its coke ovens," the steelmaker stated.