carbon emissions
Indian Steel Exporters Face Profit Squeeze As EU's Carbon Border Tax Looms
National News

Indian Steel Exporters Face Profit Squeeze As EU’s Carbon Border Tax Looms

Indian steel companies exporting to the European Union (EU) are facing significant challenges as the implementation of the carbon border adjustment mechanism (CBAM) in 2026 threatens to dent their profitability by up to 30 per cent. The CBAM, scheduled to come into effect in 2026, aims to shield domestic manufacturers in six sectors, including iron […]

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Jindal Stainless Seeks Customs Duty Exemption For Ferro Nickel, Ferro Molybdenum Access
Brands Companies News

Jindal Stainless Seeks Customs Duty Exemption For Ferro Nickel, Ferro Molybdenum Access

Ahead of the Budget 2024-25, Jindal Stainless stated that it is seeking the continuation of zero customs duty on stainless steel scrap, steel scrap, and pure nickel. In his Budget recommendation,  Jindal Stainless’ Managing Director, Abhyuday Jindal, said, “As we approach the Union Budget for 2024-25, we request continued support from the Ministry of Steel. […]

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UltraTech Cement Q3 Profit Soars 71% To Rs 1,696.5 Cr
Brands Companies Finance News

UltraTech Cement To Invest Rs 13,000 Cr To Increase Capacity

UltraTech Cement is all set to invest Rs 13,000 crore to increase the capacity by another 21.9 mtpa with a mix of brownfield and greenfield projects, taking its total capacity to 182 MTPA after completion. Kumar Mangalam Birla, Chairman, Aditya Birla Group, said, “Over the past seven years, UltraTech has strategically invested over INR 50,000 […]

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