JSW Steel Contemplates Majority Stake in Teck's Coal Unit

22 Aug 2023 CW Team

JSW Steel, a prominent player in the Indian steel industry, is reportedly exploring the possibility of acquiring a majority stake in Teck Resources' coal unit. This potential investment aligns with JSW Steel's strategic diversification efforts and the global dynamics of the coal market.

Teck Resources, a Canadian company, operates in various sectors including coal mining. If the deal materialises JSW Steel could secure a significant position in the global coal market, leveraging the coal unit's assets and expertise.

The move also reflects JSW Steel's forward-looking approach, as the company seeks to secure a steady supply of raw materials critical for its steel production operations. This aligns with the broader trend of steel manufacturers worldwide aiming to ensure resource stability in an ever-evolving market.

Acquiring a majority stake in Teck's coal unit could potentially grant JSW Steel greater control over pricing, supply chains, and production costs. Such a strategic move could enhance the company's competitive advantage in the steel industry and contribute to its growth ambitions.

The potential investment signifies a step towards global expansion for JSW Steel and underscores the company's commitment to securing sustainable resource access. Additionally, it highlights the ongoing dynamics within the mining and steel sectors, driven by considerations of environmental sustainability, demand patterns, and geopolitical factors.

In conclusion, JSW Steel's contemplation of a majority stake in Teck's coal unit reflects its proactive stance in navigating the complex interplay of global resource markets. This strategic move, if realised,could redefine the company's position in the steel industry and reinforce its resilience in a dynamic economic landscape.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..