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As per worldsteel, India's crude steel production in 2018 was at 106.5 million tonnes (MT), 4.9% increase from 101.5 MT in 2017, which means that India overtook Japan as the world's second largest steel production country. Japan produced 104.3 MT in year 2018, decrease of 0.3% compared to year 2017.
In 2019, it sold its assets in India for $120 million. [18] In December 2020, the company acquired Siderúrgica Latino Americana (Silat) for $110.8 million. [19] In 2019, the company formed Gerdau Graphene in partnership with the Graphene Engineering and Innovation Centre (GEIC) at the University of Manchester.
On 14 March 2020, the Union Government brought masks and hand-sanitizers under the act to make sure that these products—key for preventing the spread of COVID-19—are available to people at the right price and in the right quality during the COVID-19 pandemic in India. [4]
The Fortune India 500 is a ranking of the top 500 corporations in India compiled on the basis of latest sales and gross revenue figures. The list is published annually by Fortune magazine. [2] Fortune India is Fortune 's sixth international edition following local editions for China, Turkey, Korea, Indonesia as well as a special edition for ...
In November 2021, the Income Tax Department conducted searches at approximately 40 locations across India belonging to Astral Limited and Ratnamani Metals and Tubes. [ 27 ] In March 2023, a former employee and his son were involved in stealing data from the company's system and using it to conduct business separately with the company's clients ...
In October 2022, JSW Steel initiated a process to acquire Central-India based National Steel & Agro (NSAIL) through resolution plan submitted under the corporate insolvency resolution process. The company makes flat steel products such as cold-rolled coil, galvanised corrugated sheets, colour coil and pre-painted profile sheets and owes lenders ...
President of India: Ram Nath Kovind (till 25 July 2022) Droupadi Murmu (from 25 July 2022) Vice-President of India and Chairman of Rajya Sabha: Venkaiah Naidu (till 11 August 2022) Jagdeep Dhankhar (from 11 August 2022) Prime Minister of India: Narendra Modi: Speaker of the Lok Sabha: Om Birla: Chief Justice of India: N. V. Ramana (till 28 ...
The 2022 Union Budget of India was presented by the Minister of Finance Nirmala Sitharaman on 1 February 2022, as her fourth budget. This is the third budget of Narendra Modi-led NDA government's second term. The Economic Survey for 2021–2022 was released on 31 January 2022, a day before the budget. [2]