SP BSE BasicMat News and Updates

Keep track of all breaking news on SP BSE BasicMat from all sources in a single place.

26 Mar 2026, 06:14PM

11204.00

4.09%

UltraTech settles dispute with Jaiprakash over Dalla Super unit and mines

Business Standard

Leading cement maker UltraTech Cement on Thursday said it has settled with Jaiprakash Associates Ltd (JAL) in the ongoing arbitration over the Dalla Super unit and associated mines. In a regulatory filing, UltraTech Cements said it will redeem 1,00,000 Series A Preference Shares of face value Rs 1,00,000 each totalling Rs 1,000 crore. This settlement will also help in monetisation of the assets of JAL in its ongoing Corporate Insolvency Resolution Process (CIRP), in which rival Adani Group has emerged as the successful resolution applicant (bidder). With this, a long-standing dispute between UltraTech and debt-ridden JAL, which is currently going through insolvency resolution, has come to an end. "Subsequent to the Parties reaching a settlement in respect of the arbitration and the Arbitral Tribunal passing a final award today viz. 26th March, 2026, all rights and interests in the Dalla Super unit and mines have fully vested in the company, and all claims/proceeds and liabilities .

Number of FII/FPI investors decreased from 1220 to 1191 in Dec 2025 qtr

Jindal Steel Ltd.

26 Mar 2026, 04:08PM

1143.00

2.00%

Thyssenkrupp, Jindal Steel sale talks falter on pension and energy costs

Business Standard

The companies could decide to officially stop negotiations as soon as next month, one of the people said

Jindal Steel Ltd. is trading above its 200 day SMA of 1044.3

Thyssenkrupp, Jindal Steel sale talks falter on pension, energy costs

Business Standard | 26 Mar 2026, 09:20AM 1 more

National Aluminium Company Ltd.

25 Mar 2026, 06:57PM

367.30

3.57%

Broker's Call: NALCO (Buy)

Business Line

The company is aggressively pursuing a 0.5 million tpa (mtpa) capacity expansion. Detailed project report is expected to be ready by June/July 2026

National Aluminium has gained 103.31% in the last 1 Year

Vedanta Ltd.

25 Mar 2026, 05:45PM

669.65

2.77%

Jaiprakash Associates: Vedanta needs to prove CoC decision was arbitrary

Business Line

Vedanta has argued in its appeal that lenders violated the principle of maximising value through a fair process

Vedanta Ltd. is trading below its 30 day SMA of 693.6

Dividend, bonus, stock-split: Vedanta, Hudco, 5 others to remain in focus

Business Standard | 25 Mar 2026, 07:32AM 2 more

National Fertilizers Ltd.

25 Mar 2026, 03:39PM

69.64

1.52%

IPL vs NFL, NBA and EPL: How India's T20 powerhouse stacks up globally

Business Standard

Two multi-billion-dollar franchise deals have put the IPL in the global spotlight, but how does it compare with the NFL, EPL and NBA in size, revenue and influence across world sport

National Fertilizers Ltd. is trading below all available SMAs

Solar Industries India Ltd.

25 Mar 2026, 11:33AM

12890.00

2.68%

3 growth juggernauts can power 24% surge in Solar Industries shares, says Elara after initiating with Buy

Economic Times

Elara Capital has initiated coverage on Solar Industries with a 'Buy' rating and a target price of Rs 15,450, forecasting a 24% upside. The brokerage highlights three key growth drivers: a booming defence portfolio, aggressive global expansion across 90 countries, and a robust Rs 2,200 crore capital expenditure plan.

Number of FII/FPI investors decreased from 499 to 480 in Dec 2025 qtr

Jindal Steel Ltd.

24 Mar 2026

1143.00

2.00%

West Asia crisis: Jindal Steel doubles Angul complex capacity to 12 MTPA

Business Standard

Jindal Steel doubles Angul complex capacity to 12 MTPA, strengthening domestic production and reducing import dependence amid global supply disruptions