Tata Steel Announces Quarterly Results, Registers Net Profit of INR 7,714 crore in Q1 FY23
The total income of Tata Steel registered at INR 63,698.15 crore in Q1FY23 as compared to the total income of INR 53,627.66 crore in Q1FY22. Tata Steel Ltd., part of the diversified conglomerate Tata Group, has declared its consolidated financial performance for the first quarter that ended June 30, 2022, i.e. Q1FY23. The steel giant […]
Welspun’s East Pipes Wins INR 689 Crore Project for Steel Pipes in Saudi Arabia
Within the order, Welspun Corp’s associate firm East Pipes Integrated Company for Industry will manufacture and supply steel pipes to SWCC. The recent order follows the slew of other projects awarded by the SWCC of SAR497 million in March and SAR490 million in May this year. Welspun Corp Ltd has informed that its associate company, […]
APL Apollo Tubes Sales Surges by 13.3 Percent in Q1 of FY23
APL Apollo is commissioning the largest-ever plant in New Raipur, which is expected to deliver a significant contribution and improve the sales mix. APL Apollo Tubes Ltd. has announced its sales volume performance for the first quarter ending 30 June 2022, i.e. Q1 FY23. The leading manufacturer of structural steel products has attained a sales […]
US Cold Drawn Seamless Steel Pipes Market Report 2022 by Research and Markets
Increased offshore spending and new oilfield discoveries are expected to create significant growth opportunities for the players operating in the cold drawn seamless steel pipes market, as per the market research and analysis by Research and Markets. Research and Markets has released a new market research report, titled, “U.S. Cold Drawn Seamless Steel Pipes Market […]
Nomura Singapore Acquires Stake in Rama Steel Tubes
Rama Steel Tubes has a presence in over 16 nations, including its subsidiaries in UAE and Nigeria which has strengthened the company’s presence in global markets. Rama Steel Tubes Ltd. (RSTL), a leading steel tube manufacturer, has announced its financial results for the quarter and year ended 31 March 2022, i.e. Q4 of FY22. According […]
Tata Steel Introduces a Green Investment Plan for UK Steel Tube Plant
The investment by Tata Steel at the tube mill site will be put into setting up a new slitter, enabling the mill to process coils out of steel slabs that will be procured from the Port Talbot steelmaking site in South Wales. Tata Steel has launched a new green investment plan of 7 million pounds […]
Welspun, Tata Steel Collaborate to Build ‘Framework’ for Hydrogen Transport
Welspun is a part of the H2Pipe Joint Industry Project on Hydrogen Pipelines, launched by DNV. The aim of the project is to develop the “world’s first guideline” for the transportation of hydrogen in pipelines. For this, Welspun has partnered with Tata Steel. Welspun Corp Ltd. (WCL) has joined forces with Tata Steel in order […]
JSW Steel Orders High-Productivity Straightening Lines from Danieli
The investment in Danieli’s straightening lines will allow up to 15 percent energy consumption and full-line setup time savings at JSW Steel’s JSW Salem Works. Mumbai, India-headquartered JSW Steel Ltd has ordered two complete straightening lines from Italian technology provider Danieli Group for the conditioning of rolled steel bars for JSW Salem Works. As stated […]
