Steel companies engage with vaccine makers for bulk supply of doses for staff
Tata Steel, ArcelorMittal Nippon Steel India and Rashtriya Ispat Nigam Ltd said they will continue to support the government in the nationwide drive and will wait till vaccines are available for corporates
PTI | January 18, 2021 | Updated 16:12 IST
JSW Steel and Jindal Steel and Power Limited (JSPL) are already in talks with Indian vaccine makers to place orders
Leading steel-producing companies in the country are drawing up plans to vaccinate their employees across offices and plant sites with the start of the nationwide COVID-19 vaccination drive.
Domestic steelmakers like Tata Steel, ArcelorMittal Nippon Steel India (AMNS India) and Rashtriya Ispat Nigam Ltd (RINL) said they will continue to support the government in the nationwide drive and will wait till vaccines are available for corporates.
Japanese firm Daicel to set up manufacturing plant in Chennai
Japanese firm Daicel Corporation will be setting up an airbag inflator manufacturing plant at CapitaLand’s OneHub Chennai, an industrial township located on Old Mahabalipuram Road, entailing investments to the tune of ₹230 crore in the first phase. Daicel is scheduled to start operations by December 2023.
“Until now, we have been supplying products to the Indian market from our production site in Thailand and other countries,” said Takase Yoshifumi, Managing Director, India Operations, Daicel Corporation. He added, “However, due to the growth potential of the Indian automobile market, and the need to strengthen automobile manufacturer and airbag module manufacturer supply chains in India, we have decided to establish a local production site at OneHub Chennai.”
Steel companies engage with vaccine makers for bulk supply of doses for employees
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Last Updated: Jan 18, 2021, 12:37 PM IST
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Domestic steel makers like Tata Steel, ArcelorMittal Nippon Steel India (AMNS India) and Rashtriya Ispat Nigam Ltd (RINL) said they will continue to support the government in the nationwide drive and will wait till vaccines are available for corporates.
Agencies
Meanwhile, players like JSW Steel and Jindal Steel and Power Limited (JSPL) are already in talks with Indian vaccine makers to place orders according to their requirements.
New Delhi: Leading steel-producing companies in the country are drawing up plans to vaccinate their employees across offices and plant sites with the start of the nationwide COVID-19 vaccination drive. Domestic steel makers like Tata Steel, ArcelorMittal Nippon Steel India (AMNS India) and Rashtriya Ispat Nigam Ltd (RINL) said they will continue to support the government in the nationwide drive and
Cap on steel prices not needed in an open economy: JSPL
Addressing a webinar organised by Care Ratings, V R Sharma, the managing director of JSPL said the government should instead lead by example by asking PSUs like Steel Authority of India Ltd and Rashtriya Ispat Nigam Ltd to reduce prices
Sumant Banerji | December 29, 2020 | Updated 21:06 IST
With the mood turning against the industry, Sharma of JSPL admitted that prices need to get stable over the next few months and the industry needs to be cautious about any further hike
As the clamour for curbing runaway prices of steel in the domestic market is gaining momentum, one of India s largest integrated steel companies Jindal Steel and Power Ltd has said the government should resist the temptation to cap prices of the commodity and not set a benchmark on profitability in an open economy.
Economic recovery, demand revival spark 2021 hopes for steel sector
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Last Updated: Dec 23, 2020, 02:21 PM IST
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Recovering economy, sprouting demand and improving prices raise hopes for the country s battered steel sector as it steps into the new year after pandemic-induced disruptions turned 2020 into a disaster for the industry.
Recovering economy, sprouting demand and improving prices raise hopes for the country s battered steel sector as it steps into the new year after pandemic-induced disruptions turned 2020 into a disaster for the industry. As the sector experiences signs of better times, the apex body of domestic steel makers, ISA, expects good days ahead and surely no more outbreak like that of coronavirus infections.