March 24, 2025, brings mixed signals for the metals and mining sector.
NMDC reported that all employees have resumed duty following a call from the federation of unions, ensuring smooth operations across all sites.
Hindustan Copper appointed Sanjiv Kumar Singh as its new Chairman and Managing Director, a positive change in leadership.
Hindalco’s subsidiary Novelis, however, is postponing its planned IPO by at least a year due to valuation concerns, according to media reports.
Maithan Alloys completed the acquisition of Eloise Builders & Constructions, a neutral internal expansion.
Jindal Stainless reported the resignation of Anurag Mantri as Executive Director and Group CFO, seen as a neutral leadership transition.
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