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Vedanta delivered 55% cumulative dividend yield in five years; demerged firms can become $100-billion companies: Anil Agarwal

Vedanta delivered 55% cumulative dividend yield in five years; demerged firms can become $100-billion companies: Anil Agarwal

Vedanta plans $20 billion investment over three years, aiming for each demerged firm to become a $100-billion company. It delivered 55% dividend yield in five years, targeting 50 GW power, 15 MT steel, and 1M bpd oil/gas.
Ship Recycling in India and the New Green Recycling – Explained

Ship Recycling in India and the New Green Recycling – Explained

India launched a credit note scheme for green ship recycling, offering 40% of scrap value redeemable for 5% of new Indian-built ships. This boosts domestic shipbuilding, circular economy, and HKC-compliant recycling.
Stolt-Nielsen sends stainless steel-laden tanker to India for recycling

Stolt-Nielsen sends stainless steel-laden tanker to India for recycling

Stolt-Nielsen sent its 2007-delivered Stolt Innovation stainless steel chemical tanker to India for recycling, marking the second such vessel recently. April deals for similar tankers saw highest prices paid for tonnage in 2026.
Inside Anil Agarwal’s $100bn vision: Vedanta Resources plans to relist with US as a likely target

Inside Anil Agarwal’s $100bn vision: Vedanta Resources plans to relist with US as a likely target

Vedanta's Anil Agarwal plans a five-way demerger and potential US relisting to raise $20bn for a $100bn India vision. Targets include doubling aluminium, 500k barrels/day oil, 15mt steel, 20GW power, boosting jobs and tax contributions.
India May Extend Customs Duty Cuts on 40 Critical Inputs Beyond June 30 — Pharma, Steel, Plastics in Focus

India May Extend Customs Duty Cuts on 40 Critical Inputs Beyond June 30 — Pharma, Steel, Plastics in Focus

India may extend customs duty cuts on 40 critical inputs like petrochemicals, pharma, and steel beyond June 30, 2026, potentially costing ₹1,800 crore. New duties on electronics are also under review.
Call to extend duty cuts on critical inputs soon

Call to extend duty cuts on critical inputs soon

India will soon decide on extending customs duty relief on critical raw materials beyond June 30, impacting sectors like pharma and steel. An inter-ministerial panel will also consider new duties on electronics and retrospective relief for nuclear power imports.
AP Seeks Russian Investment in Steel Transport and Digital Infrastructure

AP Seeks Russian Investment in Steel Transport and Digital Infrastructure

Andhra Pradesh seeks Russian investment from Novostal-M for steel plants, including a 2.8 mn t capacity, and from Sistema for digital infrastructure, transport, and AI. Discussions aim to attract global technology and partnerships.
KD Group Advances Capacity Expansion And Merger

KD Group Advances Capacity Expansion And Merger

KD Group's KD Iron & Steel and KD Green Industries are merging, expanding furnace capacity to 180,000t and rolling to 200,000t. A Rs 3.25bn outlay includes a 25MW solar plant, supported by Rs 6bn government incentives.
Steel futures drop on accelerated inventory growth

Steel futures drop on accelerated inventory growth

Steel futures drop on accelerated inventory growth, reports Kallanish.
NHRC takes suo motu cognisance of Vizag Steel Plant accident, seeks report from Andhra Pradesh

NHRC takes suo motu cognisance of Vizag Steel Plant accident, seeks report from Andhra Pradesh

The National Human Rights Commission (NHRC) has intervened in the Visakhapatnam Steel Plant explosion, demanding a comprehensive report from the Andhra Pradesh government after the death toll rose to nine following a volatile 1,600°C liquid steel ladle blast

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