All you wanted to know about TMT
Thermo-Mechanically Treated (TMT) bars are high-strength reinforcement bars that have a tough outer core and a soft inner core. The strength of TMT bars is carefully controlled by optimising the water pressure for their pearlitic core and tough surface of tempered martensite, thereby providing optimum strength, ductility and toughness.
TMT bars are widely used in general purpose concrete reinforcement structures, bridges and flyovers, dams, thermal and hydel power plants, industrial structures, high-rise buildings, underground platforms in metro railway and rapid transp..
Jindal Stainless Fuels Vande Metro
Jindal Stainless Ltd has made headlines by supplying high-strength stainless steel for the Vande Metro trains, set to launch in July. The company's shares surged 4.63%, closing at ?711.40 on the BSE, raising its market cap to ?58,579 crore. The 201LN stainless steel used in the train coaches is lightweight, energy-efficient, and highly durable, ensuring enhanced safety and corrosion resistance. This development marks a significant contribution to India's railway sector, promising improved passenger experience on shorter routes up to 250 km.
The Vande Metro trains, designed for short-di..
Q4 profit: Jindal Stainless reports a 34.6% fall
On account of lower steel prices and weak international demand, India's Jindal Stainless reported a 34.6% fall in fourth-quarter profit.
The country's biggest stainless steel maker by volumes posted a consolidated net profit of $60 million for the quarter end. Despite robust demand for steel from the construction and automotive sectors of one of the world's fastest-growing economies, manufacturers have been grappling with the impact of declining steel prices.
At the conclusion of the quarter, the nation's largest producer of stainless steel by volume reported a combined net..