Usha Martin

Steel companies may go for expansion through brownfield route for next two decades: Analysts

Domestic steel demand touched 91 million tonne (mt) in fiscal 2018, making the country the third largest consumer of the alloy in the world. In FY18, domestic demand grew by 8 percent, while globally it grew by 5 percent.

Usha Martin shareholders approve sale of steel business to Tatas

According to Usha Martin Limited (UML), the sale of its steel business to Tata Steel will help the company significantly reduce its debt.

Promoters Basant and Prashant Jhawar to back Usha Martin sale to Tata Steel

Tata Steel had recently said its subsidiary Tata Sponge Iron will acquire the steel business of Usha Martin Ltd for Rs 4,300-4,700 crore.

Tata Sponge to acquire steel business of Usha Martin for up to Rs 4,700 crore; deal likely to be completed in 9 months

With the acquisition, Tata Sponge Iron Limited (TSIL) will enter the steel business.

Usha Martin acquisition will diversify Tata Steel's product range, says report

Tata Steel's acquisition of Usha Martin's speciality steel business will improve the share of long steel products in its business

Tata Steel to acquire steel business of Usha Martin for up to Rs 4,700 cr; deal to be completed in 9 months

Usha Martin is amongst the largest wire rope manufacturers in the world and a leading speciality steel producer in India.

Tata Steel Q1 net profit doubles to Rs 1,934 cr on strong demand, higher prices in domestic market

Tata Steel saw strong growth in all verticals with the automotive segment contributing 19 percent of sales and the strong demand in HCV segment is expected to continue.

Jharkhand mining summit: CM woos corporates; Adani group commits Rs 20,000 cr projects in 5 years

Abundance of minerals has made the state home to various mineral based industries that includes Tata Group, Aditya Birla and a host of others

Adani Power, Usha Martin, JSW Steel bag mines in second leg of coal auctions

Adani Power, Usha Martin and JSW Steel bagged mines in the second leg of coal block auction that began on Wednesday.

Despite overall selling, FIIs staying put in these stocks

Firstpost did a quick analysis to bring to you 56 companies in which FIIs increased their stakes in the past four quarters. Not only that, around 40 percent of these companies have also seen an increase in their stock prices.