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Union Heavy Industries & Steel Minister H.D. Kumaraswamy on Friday launched a groundbreaking scheme to provide financial incentives for electric trucks (e-trucks) under the PM E-DRIVE initiative. This marks the first time the Government of India is extending direct support for electric trucks, aiming to accelerate the country's transition to clean, efficient, and sustainable freight mobility. Advertisement Highlighting the significance of the scheme, Mr Kumaraswamy stated, "Diesel trucks, tho ...Read More >
New Delhi, July 11 (SocialNews.XYZ) The Centre on Friday launched a groundbreaking scheme to provide financial incentives for electric trucks (e-trucks) under the PM E-DRIVE initiative, with the maximum incentive set at Rs 9.6 lakh per vehicle. This marks the first time the government is extending direct support for electric trucks, aiming to accelerate the country's transition to clean, efficient and sustainable freight mobility. The scheme is expected to support the deployment of approximatel ...Read More >
New Delhi, Jul 9 (PTI) Metal stocks ended lower on Wednesday amid concerns after US President Donald Trump unveiled sweeping new measures, including a 50 per cent tariff on copper. Shares of Hindustan Copper dropped 3.76 per cent, Bhagyanagar India declined 3.03 per cent and ND Metal Industries slipped 2.15 per cent on the BSE. The stock of Hindustan Zinc declined 2.56 per cent, Hindalco lost 1.92 per cent, National Aluminium Company went lower by 1.90 per cent, Tata Steel dipped 1.82 per cent ...Read More >
Mumbai: Steelmakers who also mine their own iron ore, such as Tata Steel and Steel Authority of India Ltd (SAIL), are likely to see their margins dip more than their peers as prices of both steel and iron ore are on a downward trend, analysts said. This is because of the fixed costs associated with their mines -- in contrast to players like Jindal Steel and Power Ltd and JSW Steel Ltd -- who buy raw material from third party suppliers, thus exporting a part of the margin squeeze to these vendor ...Read More >
New Delhi [India], July 2 (ANI): Congress leader Ajoy Kumar on Wednesday took to social media to apologise for a verbal slip he made during a recent press conference mistakenly referring to Sikkim as a 'neighbouring country' but simultaneously launched a sharp counterattack on the Bharatiya Janata Party (BJP), accusing it of ignoring major national concerns in favour of political point-scoring. 'Yesterday, during my press conference, while speaking about the deteriorating relations with our nei ...Read More >
NEW DELHI: The Steel Authority of India Limited (SAIL) organized the SAIL-Defence Customer Conclave 2025 at its Alloy Steels Plant (ASP) in Durgapur on June 4, reinforcing its strategic role in strengthening India's defence manufacturing capabilities. The conclave was a key initiative to deepen engagement with Defence Public Sector Undertakings (DPSUs) and align with the Government of India's Atmanirbhar Bharat mission. The event brought together senior representatives from major defence establ ...Read More >
Durg: It was a proud moment for Chhattisgarh to witness Prime Minister Narendra Modi inaugurate the world's highest railway bridge over Chenab river on Friday as steel used for building this architectural marvel was supplied by Bhilai Steel Plant, located in Durg district. This is India's first cable-stayed rail bridge. Located in Jammu and Kashmir's Reasi district, this bridge connects the Udhampur-Srinagar-Baramulla Railway Link project. This arch bridge spanning 1,315 metres is at a height o ...Read More >
New Delhi, May 29 (SocialNews.XYZ) Government-owned steel behemoth SAIL has recorded a standalone net profit of Rs 1,178 crore for the January-March quarter of 2024-25, which represents a 16.5 per cent increase over the corresponding figure of Rs 1,011 crore for the same quarter of the previous year. The company has proposed a final dividend of Rs 1.60 per share (face value Rs 10 per share) subject to the approval of Shareholders at the ensuing annual general meeting (AGM). SAIL's revenue from ...Read More >
Bokaro Steel Plant inaugurated the "SAIL Cricket Championship 2024-25," aligning with SAIL's commitment to promoting sports across its units. The tournament, running from November 26 to 30, 2024, is being held at Sector 4 Cricket Stadium and Trainees' Hostel Ground No. 1, with eight teams from various SAIL units competing. The championship was inaugurated by new Executive Director (HR), Rajashree Banerjee, in the presence of dignitaries, including Chief General Manager (Town Administration) Kun ...Read More >
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