India receives 75 applications under PLI scheme for specialty steel
NEW DELHI: The government of India has received around 75 applications from domestic players under the PLI Scheme for specialty steel, according to an official. Applicants include all major steel players like Tata Steel, JSW Steel, JSPL, AMNS India and SAIL, a senior steel ministry official said. “A significant number of applications have been received. […]
Steel giant ArcelorMittal’s Q1 net income jumps over 80% to $4,125 million
NEW DELHI: Global steel giant ArcelorMittal on Thursday posted 80.52 per cent growth in net income at USD 4,125 million (about Rs 31,350 crore) for the first quarter ended March 31, 2022. It had posted a net income of USD 2,285 million for the year-ago quarter, the company said in a statement. “ArcelorMittal recorded net […]