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Metal shares spurt

Metal stocks were trading in the positive zone, with the S&P BSE Metal index rising 321.68 points or 2.02% at 16249.83 at 09:49 IST.
Among the components of the S&P BSE Metal index, Tata Steel Ltd (up 3.94%), Steel Authority of India Ltd (up 3.6%),Hindustan Zinc Ltd (up 3.3%),Jindal Steel & Power Ltd (up 2.29%),JSW Steel Ltd (up 2.27%), were the top gainers. Among the other gainers were National Aluminium Company Ltd (up 1.5%), Vedanta Ltd (up 1.06%), NMDC Ltd (up 0.98%), Hindalco Industries Ltd (up 0.95%), and Coal India Ltd (up 0.28%).
At 09:49 IST, the S&P BSE Sensex was down 226.55 or 0.47% at 47479.25.
The Nifty 50 index was down 44.65 points or 0.31% at 14251.75. ....

India General , National Aluminium Company Ltd , Steel Ltd , Hindalco Industries Ltd , Vedanta Ltd , Coal India Ltd , Steel Authority Of India Ltd , Jindal Steel Power Ltd , Tata Steel Ltd , Hindustan Zinc Ltd , Steel Authority , India Ltd , Jindal Steel , Power Ltd , Capital Market , Nifty 50 , Economy Of India , States And Union Territories Of India , Economy Of Jharkhand , Bse Sensex , National Stock Exchange Of India , Hindalco Industries , Tata Steel , Jsw Steel Ltd , Steel Authority Of India , Corporate Financial Services ,

Tata Steel Long Products provides operational performance update for Q4 & FY21

Tata Steel Long Products announced the Q4 and FY21 production and sales volumes (provisional) figures.
The company achieved direct reduced iron production of 226,000 tons and crude steel production of 186,000 tons in Q4 FY21, compared to direct reduced iron production of 213,000 tons and crude steel production of 173,000 tons in Q3 FY21, and direct reduced iron production of 201,000 tons and crude steel production of 156,000 tons in Q4 FY20.
For FY21, the company reported direct reduced iron production of 797,000 tons and crude steel production of 648,000 tons compared to direct reduced iron production of 764,000 tons and crude steel production of 584,000 tons in Q4 FY21. ....

Tata Steel Long Products , Capital Market , Nifty 50 , Bse Sensex , Economy Of Jharkhand , Tata Steel , Economy Of India , Iron Amp Steel Nec , Crude Steel Production , Saleable Steel Sales , டாடா எஃகு நீண்டது ப்ராடக்ட்ஸ் , மூலதனம் சந்தை , பொருளாதாரம் ஆஃப் ஜார்கண்ட் , டாடா எஃகு , பொருளாதாரம் ஆஃப் இந்தியா , இரும்பு ஆம்ப் எஃகு கழுத்து , கச்சா எஃகு ப்ரொடக்ஶந் ,

Tata Steel consolidated its utilities and infra services biz under TSUISL

Tata Steel announced that the company is reorganizing its India footprint into 4 clusters to drive scale, synergies and simplification and to create value for all stakeholders.
As part of the said initiative, the company on 03 April 2021 transferred the (i) 100% stake it held in Tata Steel Special Economic Zone (TSSEZ), (ii) 100% stake it held in The Tata Pigments (TPL), (iii) 32.67% stake it held in Jamipol (JAMIPOL), and (iv) 20.99% stake it held in Nicco Jubilee Park (NJPL) to Tata Steel Utilities and Infrastructure Services (TSUISL) (formerly known as Jamshedpur Utilities & Services Company), a wholly owned subsidiary of the company.
TSUISL has been identified as the anchor entity for the Utilities and Infrastructure Services cluster. ....

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SAIL soars after strong Q4 update

Steel Authority of India (SAIL) jumped 4.12% to Rs 87.25 after the company recorded its best ever quarterly performance in both production and sales during Q4 FY21.
The Maharatna PSU s crude steel production rose 6% to 4.55 million tonnes (MT) in Q4 FY21 from 4.31 MT recorded on in Q4 FY20. The company s steel production has improved by 4% as compared to 4.37 MT steel produced in Q3 FY21.
SAIL recorded 14% jump in steel sales at 4.27 MT in Q4 FY21 as against 3.74 MT in Q4 FY20. Sequentially, the company s steel sales rose 3% in Q4 FY21 from 4.15 MT in Q3 FY21.
Despite the volatility in the market during the year, the determined efforts by the company to improve its volumes saw it clock its best ever annual sales at 14.87 MT, a growth of 4.4% over 14.23 MT during FY20. ....

Steel Authority Of India , Steel Authority , Soma Mondal , Capital Market , Economy Of Jharkhand , Economy Of India , Iron Amp Steel Nec , Crude Steel Production , Steel Sales , Steel Production , Steel Intensive Sectors , எஃகு அதிகாரம் ஆஃப் இந்தியா , எஃகு அதிகாரம் , சோமா மோண்டல் , மூலதனம் சந்தை , பொருளாதாரம் ஆஃப் ஜார்கண்ட் , பொருளாதாரம் ஆஃப் இந்தியா , இரும்பு ஆம்ப் எஃகு கழுத்து , கச்சா எஃகு ப்ரொடக்ஶந் , எஃகு விற்பனை , எஃகு ப்ரொடக்ஶந் , எஃகு தீவிர துறைகள் ,

Metal shares soar

Metal stocks were trading in the positive zone, with the S&P BSE Metal index rising 223.74 points or 1.56% at 14574.35 at 09:48 IST.
Among the components of the S&P BSE Metal index, JSW Steel Ltd (up 3.21%), Steel Authority of India Ltd (up 2.66%),Hindustan Zinc Ltd (up 2.31%),Jindal Steel & Power Ltd (up 2.3%),National Aluminium Company Ltd (up 1.76%), were the top gainers. Among the other gainers were Tata Steel Ltd (up 1.5%), Hindalco Industries Ltd (up 1.45%), Coal India Ltd (up 0.84%), NMDC Ltd (up 0.44%), and Vedanta Ltd (up 0.33%).
At 09:48 IST, the S&P BSE Sensex was up 241.82 or 0.49% at 49750.97.
The Nifty 50 index was up 84.25 points or 0.57% at 14774.95. ....

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