JSW Steel Board Approves ₹7,500 Crore Sambalpur Expansion and UAE Subsidiary
JSW Steel Ltd approves 5 MTPA Sambalpur expansion costing ₹7,500 crore via its JFE JV. The project starts April 2027 and adds to the current 4.5 MTPA capacity.
Metals & Mining
Latest Metals & Mining stock news from NSE and BSE filings, 40 stories so far.
Financial Results
Bansal Wire Q2 Results: Net Profit Surges 158% QoQ to ₹52.9 Crore as Margins Expand
Bansal Wire Industries reports a 158% QoQ surge in net profit to ₹52.9 crore for Q2 FY27, as consolidated revenue rises 24% YoY to ₹1,308 crore. Details here.
Expansion
Aeroflex Enterprises Approves ₹202 Crore Expansion for Aeroflex Industries Subsidiary
Aeroflex Enterprises approves ₹202 crore investment for subsidiary Aeroflex Industries to double liquid cooling skid capacity and expand hose production by 2028.
Expansion
Shyam Metalics Signs ₹50,000 Crore MoU for 9 MTPA Steel Complex in Maharashtra
Shyam Metalics and Energy Ltd signs a ₹50,000 crore MoU with the Maharashtra Government to develop a 9 MTPA greenfield integrated steel complex in Chandrapur.
Expansion
Shyam Metalics Shares Jump 10% in 9 Days Since 9 MTPA Integrated Steel Complex Plans
Shyam Metalics signs a non-binding MoU with the Maharashtra government for a 9 MTPA Greenfield Integrated Steel Complex in Chandrapur, involving ₹50,000 Cr.
Promoter Buying
Electrosteel Castings Promoters Acquire Shares Worth ₹57.51 Crore via Market Purchase
Promoter Group entities Tulsi Highrise and Wilcox Merchants purchased 79.88 lakh shares of Electrosteel Castings for ₹57.51 crore via open market transactions.
New Order
Baroda Extrusion Shares Rise 6% in 3 Days Since Securing ₹27.83 Crore Purchase Orders
Baroda Extrusion Ltd bags ₹27.83 Crore in purchase orders for copper alloy products in September 2026, serving electrical, defense, and renewable energy sectors.
Fund Raise
Surani Steel Tubes Shares Skyrocket 77% in 5 Days Since ₹85 Crore Fundraise via Warrants
Surani Steel Tubes board approves ₹85 crore fundraise via convertible warrants at ₹102 per share and a name change to Singlon Limited. EGM set for October 30.
Promoter Buying
Electrosteel Castings Shares Rise 5% in 3 Days Since Promoter Buying Market
Electrosteel Castings Ltd promoters acquired 3.08 crore shares (5.00% stake) via the open market, taking their total holding to 54.53% by September 30, 2026.
Partnership
Coal India Signs MoU With HURL for Coal Gasification Urea Project in Sindri
Coal India partners with HURL to explore a coal gasification-based urea production facility in Sindri, Jharkhand, leveraging CIL's 26.1% ROE and mining scale.
Partnership
SAIL Partners With BCCL for Joint Coal Block Operations in West Bengal
SAIL signs MoU with BCCL for joint development of West Bengal coal blocks to boost domestic coking coal supply. TTM revenue stands at ₹1,11,134.75 crore.
New Order
Welspun Corp Shares Rise 5% After Bagging ₹4,000 Crore Pipe Order in USA
Welspun Corp's US subsidiary secures a ₹4,000 crore HFIW pipe order, the largest in its history. Global order book surges to a record ₹45,000 crore. FY28-FY29.
Fund Raise
Rama Steel Tubes Board Approves ₹346.40 Crore Fund Raise for UAE Acquisition
Rama Steel Tubes approves a ₹346.40 crore fund raise through shares and warrants to finance its 100% acquisition of Dubai-based Automech Group Holding Limited.
Partnership
Belding India Expands to North America via Strategic Modular Data Center Partnership
Belding India Ltd partners with a US firm to distribute modular data center solutions in North America, marking a major step for its India-engineered systems.
Partnership
Jindal Stainless Partners with NCVET as Awarding Body for Industrial Skill Development
Jindal Stainless signs MoU with NCVET to certify skill programs for the stainless steel sector. The company reported ₹42,955 crore annual turnover in FY26.
Promoter Buying
Shah Alloys Promoters Increase Stake to 6.61% Following Open Market Share Purchases
Shah Alloys directors Bhadresh and Manish Shah raise aggregate stake to 6.61% through open market buys, crossing the 5% SEBI SAST threshold in September 2026.
New Order
Man Industries Shares Rally 25% in 10 Days Since ₹600 Crore Pipe Supply Orders
Man Industries (India) Ltd wins new orders worth ₹600 Crore for domestic and international pipe supply, taking its total unexecuted order book to ₹4,100 Crore.
Partnership
Steel Exchange India Shares Rise 5% in 9 Days Since Signing 4-Year MoU With NMDC
Steel Exchange India enters a 4-year non-binding MoU with NMDC Limited for iron ore fines supply, supporting its ₹1,029 Cr revenue-base expansion plans in Vizag.
