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Argentina and India are strengthening economic ties. Mining cooperation is a key focus, with Argentina offering a favorable framework for Indian investment in critical minerals. Agreements are already in place for lithium exploration. India is a growing partner for Argentina, with bilateral trade increasing. Future collaborations are expected at events like Bharat Steel 2026. View More
Argentine Ambassador Mariano Caucino has stated that mining cooperation is one of the “key milestones of our bilateral economic relationship”. He was speaking at the Bharat Steel 2026 pre-gathering organized by the Ministry of Steel. “Argentina and India are natural partners thanks to a high degree of economic complementarity”, Caucino stated and reminded that “India is the fastest growing economy in today’s world and has already became Argentina’s sixth largest partner”. Caucino recalled that “in 2025, India's Steel Secretary led a high-level delegation to Argentina, accompanied by leading Indian mining companies. That visit was showed that India sees Argentina as a strategic partner to source of the critical minerals that power modern steelmaking”. Live Events The Argentine envoy emphasized that “our government is committed to provide the adequate framework for that relationship: our RIGI regime (the Large Investment Incentive Regime) offers investors the legal stability, tax predictability, and long-term protection they need to commit to large-scale mining and industrial projects”. Caucino stated that “thee early fruits of that shared vision are showing: in early 2024, CAMYEN (the mining and energy company of the province of Catamarca) and KABIL (India's Critical Minerals joint venture company) signed an agreement to explore and develop lithium blocks in Catamarca province (a state in northern Argentina), which is a concrete expression of what Argentina-India cooperation looks like in practice”. The envoy affirmed that “this was followed by the recent visit to India by JEMSE (Jujuy’s Energy and Mining State Company, a province (another northern Argentine state) that holds some of the world's richest lithium reserves”. Caucino said that “all of that was just the beginning. I am delighted to share that Argentine governors representing some of our most dynamic mining provinces will be present here at Bharat Steel 2026”. The envoy concluded “Argentina and India are natural partners. You need the minerals; we have them in abundance. And now, with the proper regulatory framework we can make it happen. We expect that Bharat Steel 2026 will help us go a step further”. Earlier speaking at the 27th Trans-Asian Chamber of Commerce and Industry Conference in Mumbai last week, Caucino, highlighted the "strong complementarity between the two economies". Caucino indicated that India has now become Argentina's sixth largest trading partner. "Despite the enormous distance between our nations and the fact that we belong to different cultures, the friendship between Argentina and India is based on common values such as democracy and on an increasingly high complementarity between our economies," the ambassador explained. The envoy stated that “In the agricultural sector, our country has become the leading supplier of vegetable oils to India, which is the world's largest importer of vegetable oils. 2025 marked a new record in this area, and Argentina solidified its position as a reliable food security provider for the enormous Indian market”. Caucino highlighted that “In the area of mining and critical minerals, there is a very important complementarity that has strengthened Argentine-Indian cooperation. For example, Argentina has one of the world's largest lithium reserves, in the so-called Lithium Triangle, which we share with Bolivia and Chile”. Caucino stated that “Indian companies are already working and investing in Argentina and more cooperation in this field will probably surge in the next future”. Caucino emphasized that “India is becoming more and more important for us and for the entire world, as a consequence of its rise in the global context and due to the great complementarity between our economies”. The envoy emphasised that "since elevating our relationship to the status of strategic partners in 2019, we have significantly increased the volume of our economic and trade ties". Currently, the bilateral trade volume is around 5 billion US dollars, the release stated. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)
Tata Steel will invest eleven thousand crore rupees in Jharkhand. This investment is for developing advanced green steel technology at its Jamshedpur facility. Tata Motors will also invest in hydrogen trucks at the same location. The Tata Group will form an experts' panel to explore further investments in Jharkhand's development. View More
Tata Steel will invest Rs 11,000 crore in Jharkhand for developing advanced grade steel at its Jamsehdpur facility, Tata Group Chairman N Chandrasekaran said on Monday. The technology developed by the Tata Group for advanced steel production will benefit other steelmakers, too, he said. "Tata Steel will invest Rs 11,000 crore in Jharkhand for developing advanced green steel technology, pioneered by it with low carbon production," Chandrasekaran said, sharing the stage with CEO T V Narendran and Chief Minister Hemant Soren. Besides, Tata Motors will also invest in hydrogen trucks at the Jamshedpur facility, he said. "Tata Motors' investment in hydrogen trucks is strategically important, the scope of which is significant for domestic and global players," Chandrasekaran said. Live Events He also said the Tata Group will form an experts' panel to explore investment in various sectors for the development of Jharkhand, "as suggested by the chief minister". .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)
“Tata Steel will invest ?11,000 crore in Jharkhand to develop advanced low-carbon green steel technology,” said Chandrasekaran, alongside CEO T V Narendran and Chief Minister Hemant Soren View More
Rajputana Stainless will open its Rs 255 crore IPO on March 9 with a price band of Rs 116-122 per share. The issue includes a fresh issue and OFS. Proceeds will fund expansion and debt repayment. The company manufactures stainless steel products and reported steady revenue growth and improved profitability in FY25. View More
The Rs 255 crore IPO of Rajputana Stainless Limited is set to open for subscription on March 9, 2026, with the company fixing its price band at Rs 116 to Rs 122 per share. Investors can bid for a minimum lot size of 110 shares, which translates to a minimum investment of Rs 13,420 at the upper price band. The IPO comprises a fresh issue of 1.47 crore shares aggregating to Rs 178.73 crore and an offer for sale of 0.63 crore shares worth Rs 76.25 crore. For non-institutional investors, the investment thresholds are higher. Small NIIs (sNII) are required to apply for at least 15 lots (1,650 shares), amounting to Rs 2,01,300, while big NIIs (bNII) must apply for a minimum of 75 lots (8,250 shares), amounting to Rs 10,06,500 at the upper band. The issue will close on March 11, 2026, with allotment expected on March 12, 2026. The shares are proposed to be listed on the Bombay Stock Exchange and the National Stock Exchange of India on March 16, 2026. The issue is being managed by Nirbhay Capital Services Pvt. Ltd. as the book-running lead manager, and Kfin Technologies Limited is acting as the registrar. Live Events Also Read | Flexi-cap, mid-cap, small-cap and gold ETF. Is this a balanced mutual fund portfolio for young investors? Rajputana Stainless IPO - Use of Proceeds The company plans to utilise the proceeds primarily to strengthen and expand its operations. Around Rs 18.57 crore will be used to set up a new manufacturing facility for stainless steel seamless pipes, aimed at expanding its product portfolio. Additionally, Rs 98 crore will be allocated towards the repayment or prepayment of certain outstanding secured borrowings, with the remaining funds earmarked for general corporate purposes. About the Company Incorporated in 1991, Rajputana Stainless Limited is engaged in the manufacturing of long and flat stainless steel products. The company offers a wide range of products, including billets, forging ingots, rolled black and bright bars, flat and patti products, and other ancillary items across more than 80 grades. It primarily serves domestic customers through direct sales and traders, while also exporting to countries such as the UAE, USA, Turkey, Kuwait and Poland. Its products cater to industries including aerospace, oil and gas, defence, automotive, aviation, seamless pipes and precision engineering. The company operates a manufacturing facility spread over 35,196.98 square metres in Kalol, Gujarat, equipped with infrastructure such as an induction furnace, AOD, CCM, heat treatment facilities, a rolling mill and a bright bar shop. On the financial front, the company reported revenue of Rs 937.49 crore in FY25, marking a 2% increase from Rs 915.50 crore in FY24. Profit after tax rose by 26% to Rs 39.85 crore in FY25 compared to Rs 31.63 crore in the previous financial year. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times.) .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)
Key stocks like Fino Payments, Adani Green, and Tata Steel will be in focus on Monday amid diverse market developments. View More
Proterial, a Japanese supplier of advanced materials, is exploring India as a site to manufacture rare?earth magnets and cutting?edge EV magnets. With government incentives underpinning investment, the move could strengthen local production and supply?chain resilience. India is part of Proterial’s broader market assessment as it maps out a major manufacturing expansion. View More
Kolkata: Japanese metal maker Proterial is evaluating plans to manufacture its key products in India, including rare earth magnets and its newly developed electric vehicle magnets that do not require heavy rare earth elements, its global president and chief executive officer Sean M Stack said. In an interview with ET during his India visit on Friday, Stack said the company sees significant potential to localise production of several high-end materials in the country. These include superalloys used in aerospace, advanced tooling and moulding materials, components for power electronics, high-speed rail cables currently supplied in Japan and China, and a range of automotive components. "A number of our manufacturing plans, including magnets, are currently under evaluation in India and a few other markets as we assess where to deploy capital," Stack said. "We believe this is the right time to localise, given the transition and acceleration underway in the Indian economy. Incentive schemes at both the central and state levels give us confidence to invest and generate sustainable returns." Proterial has recently expanded its portfolio of heavy rare earth-free magnet technologies, aimed at enabling more sustainable and scalable production. Stack said local manufacturing of these magnets is under evaluation in India, particularly as the country lacks significant deposits of heavy rare earth elements. The company is currently supplying the product to an Indian customer from Japan. "Magnets have become a geopolitical issue, with companies and governments increasingly focused on economic, supply and national security," Stack said. "The Indian government has outlined clear parameters for building a domestic ecosystem. We already have customers here and are assessing the market opportunity and competitive landscape." Live Events Stack said the company is assessing India alongside a few other markets for these manufacturing investments, and no final decision has been taken. "There is a strong push from multiple governments to build supply-chain resilience. However, unless a company has the technology to develop magnets without heavy rare earth elements, it cannot meaningfully decouple from China-linked supply chain risks," he said. Meanwhile, Proterial India, formerly Hitachi Metals India, is setting up the country's first domestic amorphous electrical steel manufacturing facility in Andhra Pradesh . At present, a significant portion of electrical steel used in transformers is imported. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)
Spread across 115 acres in Kalinganagar, the newly-acquired facility consists of four furnaces capable of producing 100,000 tonnes per annum (tpa) annually which will further increase to 150,000 tpa when thepartially built fifth furnace is commissioned in approximately one year, IMFA said in a statement. View More
New Delhi: Indian Metals & Ferro Alloys has completed the acquisition of a ferrochrome plant in Odisha from Tata Steel at a transaction cost of Rs 707.26 crore. Spread across 115 acres in Kalinganagar, the newly-acquired facility consists of four furnaces capable of producing 100,000 tonnes per annum (tpa) annually which will further increase to 150,000 tpa when thepartially built fifth furnace is commissioned in approximately one year, IMFA said in a statement. "The transaction is valued at Rs 707.26 crore comprising base consideration of Rs 610 crore along with GST and net working capital, and has been funded entirely from internal accruals," the company said. Bhubaneswar-headquartered Indian Metals & Ferro Alloys Ltd (IMFA) is India'slargest fully integrated producer of value-added ferro chrome. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)
The system captures and stores high-temperature waste heat from the sintering process to efficiently warm process water View More
The industry readiness assessment, developed by CII’s Green Business Centre with support from Climate Catalyst, says a higher 37% mandate could create demand for up to 24mt of green steel by 2029-30. View More