Steel Sector

Tata Steel has entered into a 20-year agreement with Air Water India Private Limited (AWIPL) for the operation and maintenance of its Air Separation Unit (ASU) in Jamshedpur. The ASU, currently in the stabilization phase, is designed to produce 1,800 tons of oxygen daily, along with nitrogen, argon, and dry compressed air. These gases are integral to Tata Steel's Blast Furnaces and Steel Melting Shops. The collaboration leverages AWIPL's global expertise in cryogenic operations, including insights from their Japanese facilities, to enhance plant efficiency and operational excellence.

Tata Steel is set to deploy 543 female employees across all three shifts at its Jamshedpur plant by February 1, 2026, marking a significant step in its commitment to gender diversity and inclusion. This initiative, an extension of the 'Udaan: Wings of Change' program, will encompass 21 departments and follows the Jharkhand government's recent approval allowing women to work night shifts. The move aims to create a more inclusive work environment and empower women in traditionally male-dominated industrial roles.

Visa Steel Ltd. has announced plans to raise up to ₹200 crore through the preferential issuance of 5 crore convertible warrants to its promoter group entity, VISA Industries Limited. Each warrant, priced at ₹40, is convertible into one equity share of ₹10 face value within 18 months. Upon full conversion, VISA Industries' stake in the company will increase from 14.33% to 40.17%. An Extraordinary General Meeting (EGM) is scheduled for November 2, 2025, to seek shareholder approval for this proposal.

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Strategic Fundraising Initiative

Jindal Steel & Power Limited (JSPL) has successfully commissioned a new 3 million tonnes per annum (MTPA) steel furnace at its Angul facility, marking a significant expansion in its production capacity. The state-of-the-art furnace is expected to enhance operational efficiency, reduce production costs, and strengthen JSPL’s position in both domestic and international steel markets. Analysts note that the expansion aligns with rising demand for high-quality steel across construction, infrastructure, and manufacturing sectors.

Tata Steel UISL has been awarded the prestigious Gold Medal at the 2025 CCQC (Competence in Continuous Quality Control) & Exhibition, recognizing the company’s excellence in quality management and operational standards. The accolade underscores Tata Steel UISL’s commitment to innovation, sustainability, and rigorous quality assurance practices across its production processes. Industry experts note that such recognition enhances brand credibility, strengthens investor confidence, and reinforces the company’s leadership in the steel and manufacturing sector.

In a bold move to strengthen its global footprint, Jindal Steel and Power Ltd. has placed a bid for the steel division of Germany’s Thyssenkrupp, one of Europe’s largest industrial conglomerates. The potential acquisition signals Jindal Steel’s ambition to expand beyond India and gain access to advanced technology, premium markets, and established infrastructure. If successful, the deal could reshape the competitive landscape of the global steel industry, positioning Jindal Steel as a formidable player with diversified geographic reach.

The government recently held an inter-ministerial meeting to explore strategies for boosting India’s steel production and expanding export volumes. The deliberations focused on addressing supply-side bottlenecks, aligning with global demand trends, and ensuring the domestic steel industry remains competitive in an increasingly challenging trade environment. With India already the world’s second-largest steel producer, policymakers are keen to leverage its production capacity, raw material availability, and growing technological sophistication to strengthen export potential.

Tata Steel reported a significant surge in its first-quarter net profit for FY25, more than doubling to Rs. 2,007 crore, driven primarily by strong performance in India and easing raw material costs. While global challenges continued to affect European operations, the company benefited from a stable demand environment in India, improved operational efficiencies, and higher EBITDA margins. Despite muted top-line growth, the steelmaker demonstrated resilience by strategically focusing on cost controls and capacity expansion.