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India’s APL Apollo Tubes reports 12% rise in sales volume in Q2
During the first half (April-September) of the fiscal year 2023-24, the company reported a total sales volume of 1.The sales mix should eventually move towards 70 percent of value-added products,” the statement said.The sales mix will improve further in the coming quarters with a rising contribution of innovative products.“The contribution from the value-added segment was stable at 55 percent in the current fiscal year.34 million mt, up 30 percent year on year, the statement indicated.

🇮🇳 India · 🗓️ October 10, 2023 · Steel

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Tata Steel and IOCL ink pact to shift to LPG from furnace oil in ferroalloy production
This would enable the ferroalloy plant to shift out of use of furnace oil and high-speed diesel, addressing environment concerns and carbon emissions, the statement said.Under the agreement, IOCL will undertake installation, supply, operation and maintenance of liquefied petroleum gas (LPG) at Tata Steel’s ferroalloy plant in Odisha.

🇮🇳 India · 🗓️ October 10, 2023 · Steel

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India’s KFIL acquires castings capacity through bankruptcy resolution process
KFIL said that, considering that the plant has been not in operation for a long time, it will take four to five months to bring it in back into operation.Following the acquisition, KFIL will have access to Oliver Engineering’s 28,000 mt per year castings capacity from the plant located in the northern state of Punjab.

🇮🇳 India · 🗓️ October 09, 2023 · Steel

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India’s APL Apollo Tubes reports 12% rise in sales volume in Q2
During the first half (April-September) of the fiscal year 2023-24, the company reported a total sales volume of 1.The sales mix should eventually move towards 70 percent of value-added products,” the statement said.The sales mix will improve further in the coming quarters with a rising contribution of innovative products.“The contribution from the value-added segment was stable at 55 percent in the current fiscal year.34 million mt, up 30 percent year on year, the statement indicated.

🇮🇳 India · 🗓️ October 09, 2023 · Steel

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India’s JSPL commences production from captive coal mine
The company said that coal production from the Gare Palma mine in the central state of Chhattisgarh would support expansion of its Raigarh steel mill, also located in the same state, to 9.“The coal production from our captive coal mine is perfectly aligned with our expansion of the steel mill using domestic coal.6 million mt per year from 3.6 million mt at present.We aim to finance this expansion predominantly through internal accruals, ensuring a healthy balance sheet,” the statement said.

🇮🇳 India · 🗓️ October 09, 2023 · Steel

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