Steel Companies News
Cheap steel brought relief for automakers. But the bonanza may not last
If India imposes a safeguard duty to protect domestic industry, costs will rise for all steel-consuming industries. Hence, automakers cannot bank on lower steel prices to support margins forever.
4 min read20 Feb 2025Made-in-India parts to fuel JSW-MG Motor alliance’s India drive
MG Motor’s Comet EV, a small urban hatch, is likely to benefit from the government’s PLI scheme due to its increased focus on localization and an Indian pedigreeThe ministry of heavy industries may again review MG Motor India’s application to the PLI scheme for the auto sector
3 min read3 May 2024CLSA cautious on steel companies amid higher valuation, margin pressure; downgrades Tata Steel, JSW Steel
CLSA has downgraded Tata Steel to ‘Sell’ from ‘Outperform’ and cut its target price to ₹135 from ₹145 per share. It has also downgraded JSW Steel to ‘Sell’ from Underperform and reduced the target price to ₹730 per share from ₹810 earlier.
2 min read5 Mar 2024Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared