Ratnamani Metals’ ₹2,700 Crore MENA Order Highlights Opportunities for India’s Stainless Steel Industry
Ratnamani Metals & Tubes is strengthening its international business as its subsidiary, Ratnamani Finow Spooling Solutions (RFSS), secures export orders worth approximately ₹2,700 crore ($286 million) from customers in the Middle East and North Africa (MENA) region. The orders cover...
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M P Steel Files DRHP for ₹95 Crore Fresh Issue to Expand Stainless Steel Manufacturing
M P Steel (India) Limited has filed its Draft Red Herring Prospectus (DRHP) with SEBI for a proposed IPO comprising a fresh issue of up to ₹95 crore and an Offer for Sale of up to 23.07 lakh equity shares....
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Welspun Corp Secures ₹17,200 Crore US Pipe Order as Global Infrastructure Demand Strengthens
Welspun Corp has secured its largest-ever single order, valued at approximately ₹17,200 crore (US$1.8 billion), to supply pipes from its manufacturing facility in the United States. The landmark contract is set to strengthen the company’s position in the North American...
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India’s Stainless Steel Prices Rise as Supply Tightens and Raw Material Costs Climb
India’s stainless steel market moved higher this week as tighter domestic availability, firm raw material costs and pre-festive restocking strengthened mill pricing. According to Shanghai Metals Market (SMM), major Indian producers withdrew discounts on several flat products, pushing 304-grade hot-rolled...
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Jindal Stainless to Invest ₹900 Crore on Cold Rolling Expansion, Targets 2.67 MTPA Capacity by FY28
Jindal Stainless is investing ₹900 crore to expand its cold rolling capacity from 2.05 million tonnes per annum (MTPA) in FY26 to 2.67 MTPA by FY28, strengthening its downstream capabilities and preparing for rising demand across key industrial sectors. Jindal...
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Sanjeev Dharwadkar, Director, Federation of Industries of India, Highlights Stainless Steel’s Growing Importance in Pharmaceutical and Biologics Industries
As industries increasingly demand materials that can support high-value and specialised applications, stainless steel continues to play an important role across sectors, including pharmaceuticals and biologics, believes Sanjeev Dharwadkar, a pharmaceutical industry veteran with four decades of experience. Speaking at...
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