Category : Search result: Vizag Steel Plant privatisation


Domestic Steel Prices Rise After Safeguard Duty

Domestic steelmakers hike prices of HRC, CRC, and rebar by 2-6% in early January after a 12% safeguard duty on imports. Analysts see sustainable gains but caution on future capacity growth. Read more.

BlueScope Steel evaluates $13.2bn joint takeover bid

Australia's BlueScope Steel is considering a massive $13.2 billion takeover offer from US-based Steel Dynamics and Australian conglomerate SGH. The bid aims to split the steelmaker's global operations. Read the full details.

Steel Prices Jump After New Import Duty, Construction Hit

India's new safeguard duty on select steel imports has led to a sharp price rise of up to Rs 8,000 per tonne. Industry warns of a 2% increase in construction costs, impacting real estate and auto sectors. Read more.

$8.8 Billion Takeover Offer for BlueScope Steel

US steel giant Steel Dynamics and Australia's SGH Limited launch a massive A$13.14 billion takeover bid for BlueScope Steel. The deal targets its lucrative North American assets. Read the full analysis.

Steel Stocks Jump on Extended Safeguard Duty

Indian steel stocks rise after govt extends import duty for 3 years, offering relief amid rising costs and supply. JSW Steel, Jindal Steel gain 6%. Read more on Q3 outlook.

Media Partners Invited for Bharat Steel Expo 2026

India's Ministry of Steel invites media partners for the 3rd Bharat Steel Expo 2026 in New Delhi. Learn about this major event shaping the future of the steel industry. Apply by May 31, 2025!

Robotic Lifebuoys to Save Lives at Vizag Beaches

Vizag police introduce AI-powered robotic lifebuoys at 16 beaches to combat drowning deaths. The device can travel 600 meters for swift rescues. Learn how this tech enhances visitor safety.

SAIL's Manish Raj Gupta Assumes CMD Charge at RINL

Manish Raj Gupta, Director at SAIL, assumes additional charge as CMD of RINL (Visakhapatnam Steel Plant). A seasoned leader with over three decades of experience, his appointment is set to drive strategic growth. Read more about his career and vision.

Tata Steel Rallies 8% on Govt's Steel Duty Extension

Tata Steel shares continue their rally, gaining 1.2% to hit a one-month high after India extends safeguard duties on steel imports for three years. Discover the impact on the sector and future demand outlook.

Vizag Residents Share New Year Hopes for City's Growth

As Visakhapatnam enters the New Year, residents voice urgent needs: easing traffic, affordable housing, and reducing pollution. Key projects like the international airport and IT hubs bring hope for 2026.

India imposes 3-year safeguard duty on steel imports

India has imposed safeguard duties on certain steel imports for three years to protect domestic manufacturers from a surge in low-cost supplies, primarily from China. The duty starts at 12% and will gradually decrease.

Vizag Airport Sees 9.29% Passenger Growth in 2025

Visakhapatnam International Airport reports strong 9.29% passenger growth from Jan-Nov 2025, handling over 27.5 lakh flyers. It ranks 9th nationally for customer satisfaction. Read more about its hub ambitions.

Bokaro Steel Plant Expansion to 7.55 MTPA Under Discussion

Union Minister Bhupathiraju Srinivasa Varma confirms discussions for Bokaro Steel Plant's brownfield expansion, aiming to boost capacity to 7.55 MTPA, create jobs, and align with India's 300 MTPA steel vision by 2030.

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