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MUMBAI : ArcelorMittal Nippon Steel India Ltd (AMNS India) has set an ambitious expansion roadmap for the rest of the decade, targeting 25-26 million tonnes of steelmaking capacity by 2030, its chief executive Dilip Oommen said in an interview. "By 2030, we will have at least 25-26 million tonnes. It could be a little more or less. It's simple math: Hazira plus Rajayepeta," he said. The 60:40 joint venture between Lakshmi Mittal-led ArcelorMittal and Japan's Nippon Steel, which has a capacity ...Read More >
BENGALURU (Reuters) - India's CESC, a power generation and distribution company, reported a fall in third-quarter profit on Friday, due to higher tax expenses and lower regulatory income. The company's consolidated profit fell 5.7% year-on-year to 2.65 billion rupees ($30.8 million) for the three months ended Dec. 31. Total tax expenses rose 27% to 800 million rupees. Regulatory income, which includes adjustments related to fuel cost, purchase of power and other fixed costs, fell to 3 billion ...Read More >
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