Sambhv Steel Tubes to Raise ₹100 Crore via Preferential Issue of Convertible Warrants
Sambhv Steel Tubes has approved a significant capital infusion of approximately ₹100 crore through the issuance of fully convertible equity warrants on a preferential basis. The move targets seven specific investors, including members of the promoter group, to strengthen the company's financial base for long-term growth.
South West Pinnacle Bags ₹166.82 Crore CBM Contract Extension from Reliance Industries
South West Pinnacle Exploration Limited (SWPE) has secured a major contract extension from Reliance Industries Limited (RIL) valued at approximately ₹166.82 crore. The agreement covers Coal Bed Methane (CBM) production services in Madhya Pradesh and is slated to commence revenue generation from the second quarter of FY 2026-27.
MMP Industries Board Approves Working Capital Funding via ECGLS 5.0 Facility
The Board of Directors of MMP Industries Limited has approved a proposal to seek financial assistance through the Emergency Credit Line Guarantee Scheme (ECGLS 5.0). This funding is specifically designated to bolster the company's working capital requirements to support its ongoing operations in the aluminium products sector.
Arfin India Secures ₹300 Crore Aluminium Deox Supply Order from JFE Shoji India
Arfin India Ltd has secured a substantial domestic supply contract valued at approximately ₹300 crore from JFE Shoji India Private Limited. The agreement involves the delivery of 7,400 metric tonnes of specialized aluminium products, providing strong revenue visibility through late 2026.
JSW Steel Launches ₹65,000 Crore Integrated Steel Project in Paradeep, Odisha
JSW Steel has officially commenced the development of its 13.2 MTPA greenfield integrated steel plant in Paradeep, Odisha. This ₹65,000 crore phased investment represents one of the largest industrial projects in the state, designed to significantly scale India's domestic steel manufacturing capacity.
Bharat Coking Coal Commences 2.0 MTPA Bhojudih Washery Operations for Steel Sector
Bharat Coking Coal Limited (BCCL) has officially commenced commercial operations at its newly constructed Bhojudih Coal Washery. The facility features a 2.0 MTPA capacity designed to process raw coal into high-quality washed coking coal, primarily targeting the supply needs of the domestic steel sector.
Man Industries Targets ₹8,500 Cr Revenue by FY30 Following $102M Saudi Acquisition
Man Industries (India) Ltd has announced the strategic acquisition of National Pipe Company in Saudi Arabia for USD 102 million. The acquisition is expected to significantly scale the company's consolidated revenue and margins by FY30 through increased exposure to the Saudi Vision 2030 infrastructure pipeline.
Venus Pipes & Tubes Starts Commercial Production of 10,200 MTPA New Capacity
Venus Pipes & Tubes Limited has officially commenced commercial production for its new seamless and mother hollow pipe capacities as of May 26, 2026. This strategic expansion adds 10,200 MTPA of combined capacity along with new fittings manufacturing capabilities.
Welspun Corp Beats EBITDA Guidance; Reports Massive ₹25,000 Crore Order Book
Welspun Corp reported a strong financial performance for FY26, surpassing its EBITDA guidance of ₹2,200 crore to reach ₹2,371 crore. The company is backed by a record global order book of $2.5 billion, driven by structural demand in the energy and water infrastructure sectors across the US and Middle East.