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Core Sector Industries Post 4% Growth in December
The eight core sectors—coal, natural gas, crude oil, refinery products, fertilizers, cement, steel, and electricity—account for 40.27% of the Index of Industrial Production (IIP). Growth rates in these industries serve as indicators of overall industrial growth.
A-One Steels India Files Draft Papers with Sebi for Rs 650-Crore IPO
The IPO comprises a fresh issue of equity shares worth up to Rs 600 crore and an Offer for Sale (OFS) of shares aggregating up to Rs 50 crore by promoters, Sandeep Kumar, Sunil Jallan and Krishan Kumar Jalan, according to a Draft Red Herring Prospectus (DRHP) filed on December 30.
India's Eight Key Industries Record 4% Growth in June
Electricity generation also rose by 7.7 percent in the same period.
Major Boost to Economy: India clocks record rise in exports, employment at 18-year high in May, reveals PMI Data
India stands out as the sole nation among the leading steel producers globally to witness a surge in steel production in April this year, as per data gathered by the World Steel Association. Ranking second only to China, India accomplished a remarkable production of 12.1 million tonnes of steel, marking a notable 3.6 percent increase compared to the corresponding period of the preceding year. This increase in steel production by India is attributed by analysts to the increased economic momentum reigning in the country.
ArcelorMittal's Hazira Site Set to Become World's Largest Single-Location Integrated Steel Plant
Speaking at the Vibrant Gujarat Summit 2024 in Ahmedabad, Mittal expressed confidence in commissioning the full site within the next five years, thanks to the support from the Gujarat government. He emphasized that ArcelorMittal is not only investing in steel but also venturing into emerging sectors like renewable energy and green hydrogen.
India imposes anti-dumping duty on select Chinese steel for 5 years
The decision was taken after it was found that Chinese exporters were exporting steel products to other countries at a highly reduced price, sources said.
Tata Steel to manufacture 22 Vande Bharat trains in next one year
The Ministry of Railways has set a production target of 200 Vande Bharat trains for the next two years, besides setting a target to run the first sleeper version of Vande Bharat by the first quarter of 2024. Keeping this in view, an agreement has been signed between Indian Railways and Tata Steel on several schemes to speed up the production work.
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