Shares of Jindal Steel and Power, Tata Steel, and other major Indian steel producers fell [1] sharply as renewed concerns over U.S. tariffs unsettled investors. The Nifty Metal index, which includes key steelmakers, emerged as the worst-performing sectoral index, reflecting broader market unease over global trade policy shifts. The downturn follows reports that the Trump […]
India’s steel ministry is advocating for an extension of import restrictions [1] on low-ash metallurgical coke, citing sufficient domestic supply as the primary reason. The move, however, has sparked concerns among steel manufacturers who argue that the curbs could hinder their expansion plans due to difficulties in sourcing preferred grades locally. The restrictions, initially imposed […]
Tata Steel UK has taken a significant step in its transition to sustainable steel [1] production by awarding a contract to JASO Industrial Cranes for the supply of high-capacity process cranes at its Port Talbot facility. This initiative is part of Tata Steel’s £1.25 billion investment in green steelmaking, aimed at reducing carbon emissions and […]
The India Supreme Court has ordered a status quo on the liquidation proceedings [1] of Bhushan Steel & Power Ltd (BPSL), providing JSW Steel an opportunity to file a review petition against the court’s earlier ruling. The decision comes after JSW Steel challenged the Supreme Court’s May 2 verdict, which had rejected its ₹19,700 crore […]
According to provisional government data reviewed by Reuters on Thursday, India’s finished steel imports dropped by 11.3% year-on-year in April, reaching 0.5 million metric tons, as shipments from China and Japan declined. To counter a flood of low-cost steel imports, primarily from China, India imposed a 12% provisional safeguard duty on select steel imports in […]
Shares of BMW Industries witnessed a sharp rally of nearly 12% in Wednesday’s intraday trading after securing a significant order worth ₹364.69 crore from Tata Steel. The steel processing company’s stock surged to ₹59.7 per share, marking its biggest intraday gain since May 5, before settling 4.5% higher at ₹55.8 apiece. The contract, awarded to […]
JSW Steel has formally requested a ₹19,300 crore refund from banks [1] following the Supreme Court’s decision to cancel its 2019 acquisition of Bhushan Power and Steel Ltd. (BPSL). The ruling, issued earlier this month, cited multiple compliance failures and directed the liquidation of BPSL. JSW Steel has also sought a 60-day delay in the […]
India is now responsible for over 40% of global steelmaking capacity in development (352 mtpa) compared to just 140 mtpa in China. Analysis shows India’s planned steel capacity, which is larger than China’s and the EU’s combined, must leverage EAF and DRI to keep industry emissions within climate targets. A recent analysis shows that electric […]
India’s ambitious plans to double steel production [1] by 2030 could severely undermine national and international climate goals, according to a new report by Global Energy Monitor (GEM). The findings highlight the country’s overwhelming reliance on coal-based steelmaking, raising concerns about its ability to curb carbon emissions in line with global efforts. Steel production is […]
The National Company Law Tribunal (NCLT) has adjourned its hearing on a petition filed by Sanjay Singhal, former promoter of Bhushan Power & Steel Ltd (BPSL), to June 26. Singhal approached the tribunal seeking enforcement of the Supreme Court’s recent ruling, which quashed the ₹19,700 crore resolution plan proposed by Sajjan Jindal-led JSW Steel and […]
Union Steel and Heavy Industries Minister H. D. Kumaraswamy on Tuesday stressed the need for intensified research to curb pollution in the steel sector while reviewing the performance of his ministries. He also urged the Heavy Industries Ministry to boost domestic electric vehicle (EV) manufacturing, emphasizing greater support for local production. According to an official […]
India has announced plans to impose countervailing duties on U.S. imports in accordance with WTO regulations, responding to America’s steel and aluminum tariffs implemented as protective measures. A WTO notification reveals these U.S. trade restrictions affect approximately 7.6 billion worth of Indian exports, potentially generating about $1.91 billion in tariff revenues. In April, India initiated WTO […]
Tata Steel shares gained momentum ahead [1] of the company’s March quarter earnings announcement, scheduled for May 12. At 10:30 am, the stock was trading at ₹147.97 per share on the National Stock Exchange (NSE), reflecting a 3.47% increase. In a May 8 exchange filing, the Tata Group firm confirmed that its board would convene […]
Global steel and mining leader ArcelorMittal has begun delivering renewable energy to AMNS India in Gujarat, sourced from its 1-gigawatt (GW) hybrid solar and wind power facility in Andhra Pradesh. The $700 million project was developed, built, and operationalized by AM Green Energy, a fully-owned subsidiary of ArcelorMittal. The company stated that, “the largest renewable […]
The Indian Finance Ministry has expressed support [1] for banks planning to challenge the Supreme Court’s recent decision that overturned JSW Steel’s ₹19,700-crore acquisition of Bhushan Power and Steel (BPSL). The ruling cited violations of the Insolvency and Bankruptcy Code (IBC), prompting lenders to argue that the court should have given greater weight to the […]
India’s Tata Steel has announced a US$1.18 billion investment to expand iron ore production across its Noamundi, Joda, and Katamati mines, aiming to boost annual output from 40 million tons to 55 million tons. The company’s General Manager for Ores, Mines & Quarries (OMQ), Atul Bhatnagar, emphasized Tata Steel’s commitment to strengthening its raw material […]
The government is currently evaluating the Supreme Court’s [1] recent decision that nullified JSW Steel’s ₹19,700 crore resolution plan for Bhushan Power and Steel Ltd (BPSL), according to the Department of Financial Services (DFS). Officials are expected to finalize their approach to the verdict soon. “We have already reviewed the ruling alongside all involved lenders. […]
India’s Supreme Court on Friday rejected JSW Steel’s [1] resolution plan to acquire Bhushan Power and Steel, ordering the liquidation of the debt-ridden firm four years after the takeover was completed, according to lawyers involved in the case. The court’s decision marks a significant setback for JSW Steel, India’s largest steelmaker by capacity, which had […]
Primegold Steel & Power has been a part of the wind power sector, alongside long-term renewable energy contracts and solar power. The company’s continued investment in clean energy accelerates its transition to sustainable operations and eco-friendly steel manufacturing. Primegold Steel & Power Ltd has been changed to Primegold International Ltd, marking a decisive shift toward […]
India’s steel industry must secure annual investments [1] between ₹150,000 to ₹200,000 crore over the next two decades to scale production capacity from 200 million tonnes to 500 million tonnes by 2047, according to Jayant Acharya, Joint MD & CEO of JSW Steel. He stressed that this unprecedented financial commitment is essential to support rising […]
Despite volatility in global zinc prices driven by uncertainty over U.S. tariffs, Hindustan Zinc anticipates strong growth in fiscal 2026, a top company executive said to Reuters on Friday. The outlook follows the miner’s report of a significant rise in quarterly profit. CFO Sandeep Modi said that the Zinc prices have fluctuated between $2,500 and […]
India’s Prime Minister Narendra Modi on Thursday urged India’s steel sector to reduce reliance on imports and transition toward becoming a net exporter, [1] emphasizing its critical role in the country’s ambition for a developed India, or Viksit Bharat. Speaking virtually at the India Steel 2025 conference, PM Modi outlined a transformative vision for the […]
Jindal Stainless, India’s top stainless steel producer, has partnered with AB Energia Solutions Pvt. Ltd., a prominent clean energy solutions provider, to implement a groundbreaking solar power project at its Jajpur, Odisha facility. This initiative, now operational, is the largest captive solar plant within a single industrial site in Odisha, boasting an installed capacity of […]
Shares of Tata Steel Ltd, JSW Steel Ltd, SAIL, and Jindal Steel & Power Ltd climbed during Tuesday’s trading session after the government imposed a 12% provisional safeguard duty on certain steel products. This move was aimed at protecting local manufacturers from the recent influx of imports. The duty came into force immediately and will […]
India has plans to impose a new temporary tariff of 12% on steel imports, locally called the safeguard duties, intending to control the increase in cheap imports from China and elsewhere. One of the sources told Reuters on Monday that the government is set to enact the tax as soon as possible. Last month, as […]
Rio Tinto has partnered with AMG Metals & Materials (AMG M&M), an energy transition solutions company supported by the founders of Greenko and AM Green, to evaluate the viability of creating an integrated low-carbon aluminium facility in India, powered entirely by renewable energy. The two companies have signed a Memorandum of Understanding (MOU). This partnership […]
ArcelorMittal Nippon Steel (AM-NS) has announced a massive investment [1] of ₹2.6 lakh crore ($30 billion) in India over the next decade, aiming to boost its steel production capacity significantly. The joint venture, which currently produces 9.6 million tonnes per annum (MTPA), plans to expand this to 15.6 MTPA by the end of the fiscal […]
The Centre has permitted ArcelorMittal Nippon Steel India (AM/NS India) to import an extra 71,500 metric tonnes of low ash metallurgical (LAM) coke from Poland, exceeding existing import restrictions. The decision came after the company warned that the curbs were disrupting its steel production, according to Moneycontrol. The exemption highlights industry concerns over supply constraints affecting […]
The Northern India Textile Research Association (NITRA) and the CSIR–National Botanical Research Institute (NBRI) in Lucknow have signed a Memorandum of Understanding (MoU) to boost sustainable innovation in India’s textile sector. The collaboration will focus on a detailed genomic analysis of Asclepias, or milkweed, a native plant with significant potential as a source of eco-friendly […]
The Baldota Group, a renewable energy company, announced on Thursday its plans to enter into the steel sector investing Rs 54,000 crore for a project in Karnataka with up to 10.5 million tonnes (MT) of production capacity. Nagaraj N B, Vice President of the Integrated Steel Project, in a company statement, stated that the greenfield project will […]
The United States has temporarily suspended [1] the additional 26% tariff on Indian imports for 90 days, offering relief to Indian exporters. The suspension, effective until July 9, 2025, was formalized through a White House executive order and is seen as a strategic move to facilitate ongoing bilateral trade negotiations between India and the US. […]
Indian metal stocks witnessed a sharp decline [1], with Tata Steel and other major players tumbling by up to 19% as global trade uncertainties and growth concerns rattled investor sentiment. The downturn was triggered by fears surrounding the impact of reciprocal tariffs imposed by the U.S. on steel and aluminum imports, which have raised doubts […]
Tata Steel has moved the Bombay High Court [1] after receiving a reassessment order that increases its taxable income for the financial year 2018-19 by over Rs 25,000 crore. The company argues that the reassessment is flawed and has challenged the order on both technical and legal grounds. The reassessment stems from a show-cause notice […]
Solar power is setting out an opportunity for the companies in steel sector to reduce their production cost, potentially saving up to 10% in some operations according to reports by Energy think tank Ember. The report says that the greatest benefits are observed in the standalone electric arc furnace( EAF) used in steel making, using […]
For the pioneering future of sustainable development, ARS Steel has successfully set a milestone for India’s construction industry, showcasing its dedication to net-zero targets through sustainable building practices and innovative technology by delivering India’s first green TMT bar to Trimetro Group for the construction of Epic Group’s state-of-the-art manufacturing facility in Bhubaneswar, Odisha. Epic Group […]
The Delhi High Court has dismissed requests [1] from JSW Steel and Trafigura to clear shipments of low-ash metallurgical coke (met coke), a key raw material for steelmaking. The decision follows India’s recent policy of supporting domestic suppliers and imposing curbs on met coke imports. The policy, introduced in January, includes country-specific quotas and has […]
There have been discussions amongst the Union and State Governments for a comprehensive action plan to expand the Visakhapatnam Steel Plant (VSP). A member of the Union Ministry of Steel held a meeting with the Chief Minister (CM) N. Chandrababu, for delegating this initiative on Monday. The discussions mainly focused on the follow-up actions required […]
ArcelorMittal Nippon Steel India (AM/NS) said on March 28 that the joint venture company has started the land acquisition process in Andhra Pradesh to establish an integrated steel plant in the state. The initial payment has been made, for acquiring the land in Anakapalli district, and is expected to own it soon, for the company […]
The Indian alloy steel producers’ association is preparing to submit an anti-dumping petition with the federal trade ministry against cheap imports from China, said a senior executive to Reuters on Thursday. Being the world’s second-largest producer of crude steel, India has the capacity to make around 18-20 million metric tonnes per annum of alloy steel […]
John Cockerill Signs MoU with IIT Bombay to Drive Innovation in Steel Decarbonisation Technology John Cockerill has entered into a Memorandum of Understanding (MoU) with the Indian Institute of Technology Bombay (IIT Bombay), one of India’s leading research and academic institutions. This partnership aims to promote innovation in steel decarbonization technology, the green hydrogen value […]
In a move to protect domestic steel producers, the Indian government has recommended a 12% temporary tax [1], known as a safeguard duty, on certain steel products. This measure, set to last for 200 days, is intended to curb the rising influx of steel imports impacting local industries. Under the Ministry of Commerce, the Directorate […]
Driven by market dynamics and policy shifts, India’s steel prices have seen a notable rise [1] in recent months. However, the specter of a global trade war looms large, raising concerns about the stability of the industry. In March 2025, hot rolled coil (HRC) prices in Mumbai increased by ₹600 per tonne month-on-month, reaching ₹49,000 […]
Shares of Tata Steel witnessed a 2% rise [1] on Wednesday after global financial services firm JPMorgan revised its price target for the stock, forecasting a potential 20% upside. The brokerage reaffirmed its “overweight” rating, highlighting the company’s improved earnings outlook, particularly in its European operations, as a key driver for optimism. The stock gained […]
The Clothing Manufacturers Association of India (CMAI) has established the SU.RE website and the SU.RE Sustainable Supply Chain Directory, which is a big step forward for India’s sustainable fashion movement. The website is a complete platform for the Indian textile industry’s transition to sustainable practices, and the directory includes 600+ recognized vendors from major categories […]
India’s steel trade experienced a significant downturn [1] in February 2025, with imports plunging by 40% year-on-year to 0.6 million tons. This sharp decline has been attributed to concerns over potential safeguard duties, dampening traders’ buying sentiment. The Directorate General of Trade Remedies (DGTR) is currently investigating allegations of steel dumping, and the possibility of […]
Nomura Research has highlighted the potential benefits of imposing safeguard duties [1] on Indian steel imports. According to the brokerage, such measures could significantly boost domestic steel prices and improve the margins of steel manufacturers. The domestic steel industry has been advocating for a 25% duty on imports to protect against the influx of cheap […]
ArcelorMittal Nippon Steel (AM/NS), a Luxembourg-based multinational steel manufacturing company, has announced plans to invest Rs 1.47 lakh crore [1] in a new steel plant in Andhra Pradesh. This significant investment is set to be developed in two phases, with the first phase involving an expenditure of Rs 61,780 crore to achieve a production capacity of […]
After China announced its plans to restructure its steel industry to cut its total output, there was a surge in the share of steel stock on March 5. The latest plans by China are expected to reduce cheap steel dumping into the Indian market, acting as a major positive to the domestic steel companies. Welspun Corp’s shares […]
Union Steel and Heavy Industries Minister H.D. Kumaraswamy has outlined the government’s strategy to protect the Indian steel industry [1] in light of the new tariffs imposed by the United States. The announcement comes after U.S. President Donald Trump imposed a 25% tariff on steel imports from Canada and Mexico, and a 10% levy on […]
Recent reports showed a significant growth in the steel manufacturing sector of India, with Sajjan Jindal signing a Memorandum of Understanding (MoU) with South Korea’s POSCO Group. This partnership aims to establish an integrated steel plant in India with an initial capacity of 5 million tonnes per annum (MTPA). “This JV also entails collaboration for […]
Tata Steel’s managing director, TV Narendran, advocated the implementation of safeguard duties on imported steel aimed at protecting India’s steel sector from the impacts of tariff increases imposed by the US. ” It’s not that India is exporting a lot of steel to the US, but the steel which used to end up in US […]
Former Indian cricket team captain Sourav Ganguly said on Friday that the steel plant project he is promoting in a partnership at Garbeta, located in West Bengal’s Paschim Medinipur district, is expected to become operational within the next 18-20 months. The project is expecting an investment of Rs 2,500 crore to establish the 0.8 million […]
Adani Green Energy has decided to withdraw from its $1 billion wind power project [1] in Sri Lanka, citing ongoing regulatory challenges and tariff disputes. The decision came after the company had already invested approximately $5 million in predevelopment activities for the project. The project, which aimed to develop 484 MW of wind power plants […]
In a significant move towards sustainable energy, state-owned Oil India Limited (OIL) has officially established a wholly-owned subsidiary [1] called Oil Green Energy Limited. This new subsidiary is dedicated to spearheading renewable energy initiatives, including geothermal, wind, hydro, solar, tidal, and waste energy projects. The announcement was made via a disclosure submitted to the Bombay […]
The sale of Thyssenkrupp Electrical Steel India Private Ltd. has been completed. The transaction was officially completed today, with the buyer being a joint venture between JSW Steel Limited—India’s largest steelmaker and part of the JSW Group—and JFE Steel Corporation, which is Japan’s second-largest steel producer. The target company is based in Nashik, approximately 150 […]
According to the recent Economic Survey [1] in India for 2024-25, renewable energy now constitutes approximately 47% of India’s total installed power capacity. The country’s renewable energy capacity grew by 15.8% year-on-year, reaching 209.4 GW by December 2024, up from 180.8 GW in December 2023. The survey highlights a growing dependence on cleaner, non-fossil fuel-based energy sources. […]
Indian Prime Minister Narendra Modi is pouring billions into ailing state-run firms after slowing ambitious divestment plans that were intended to reduce the state’s role in business, according to government sources, reported Zawya. New Delhi has plans to invest about $1.5 billion in financial rescue packages for two state-owned firms as they failed to sell […]
Billionaire Sajjan Jindal-led JSW Group has unveiled plans to invest ₹3 trillion ($34.67 billion) in Maharashtra, strengthening its presence in electric vehicles, battery production, steel, and green energy sectors. The ports-to-cement conglomerate signed an agreement with the Maharashtra government during the World Economic Forum in Davos, Switzerland. Maharashtra, India’s financial capital, is set to benefit […]
India’s Ministry of Steel has requested a budget allocation of 150 billion rupees ($1.74 billion) to provide incentives for steel producers to manufacture low-carbon steel, according to two government officials familiar with the matter. Finance Minister Nirmala Sitharaman is set to unveil the federal budget for the 2025-26 fiscal year on February 1. India has […]
Two workers were injured and 4 others were trapped after a chimney collapsed at a steel plant in Chhatisgarh, report says. The incident occured during the afternoon hours in the plant situated in saragaon area, said the superintendent of police Bhojram patel. “We received information that part of the chimney, and silo collapsed at the […]
Indian Railway Finance Corporation (IRFC) shares surged by 3% following the signing of a Memorandum of Understanding [1] (MoU) with Railway Energy Management Company Ltd (REMCL). This MoU aims to finance renewable energy projects to supply power to Indian Railways. The collaboration between IRFC and REMCL, a joint venture between the Ministry of Railways and […]
In a move to combat climate change, the Indian government is set to launch a Rs 15,000 crore “Green Steel Mission” aimed at reducing carbon emissions from the steel Industry, currently accounting for 10-12% of India’s total emissions, says reports. The initiative is inclusive of a Production Linked Incentive (PLI) for Green Steel, renewable energy […]
Hazira, Surat in India witnessed a tragic accident on Tuesday, with a fire taking place at the steel plant, leading to the tragic death of four workers and one injured. The incident occurred on Tuesday evening at ArcelorMittal Nippon Steel India’s facility, as per reports. Anupam Singh Gehlot, the Surat Commissioner of police, reported that […]
Tata Steel and JSW Steel saw significant gains as the Directorate General of Trade Remedies (DGTR) launched an investigation into rising steel imports. Analysts anticipate structural relief measures, with price targets set at ₹190 for Tata Steel and ₹1,085 for JSW Steel. Shares of Tata Steel and JSW Steel surged on December 23 after the […]
For the first eight months of the fiscal year ending in March 2025 showed that India’s finished steel imports from China, according to provisional government data, say reports. The surge has raised concerns among domestic steel producers about the impact of low-cost imports from China. In response, the government has launched an investigation to determine […]
The Union Steel Minister H.D. Kumaraswamy has reportedly assured the Visakhapatnam Ukku Parirakshana Porata Committee (VUPPC) that the Centre will provide financial assistance of ₹10,000 crore by January 15, 2025, to support the revival of Visakhapatnam Steel Plant (RINL-VSP). VUPPC representatives J. Ayodhya Ram, V. Srinivasa Rao, D. Adinarayana and Mantri Rajasekhar met Mr. Kumaraswamy […]
Cambodia, Costa Rica, India, Ecuador, Mongolia, Pakistan, Peru, Trinidad and Tobago have joined forces to launch a $45-million, six-year initiative [1] aimed at reducing hazardous chemicals in the fashion and construction industries. The initiative is funded by the Global Environment Facility (GEF). This ambitious program, led by the United Nations Environment Programme (UNEP), the United […]
India’s Steel Ministry has unveiled a new framework for defining “green steel,” introducing three categories based on carbon emissions during production. According to the guidelines, steel with carbon dioxide emissions below 2.2 tonnes per tonne of the finished product will be classified as “green steel”, reported Reuters based on a ministry presentation released in News […]
Tivolt Electric Vehicles, part of the Murugappa Group’s TI Clean Mobility division, has got together with Tata Power Renewable Energy Limited (TPREL) to advance EV charging infrastructure for commercial vehicles across India. The two companies penned a Memorandum of Understanding (MoU) to leverage Tata Power’s proficiency in EV charging and Tivolt’s expanding presence in the electric small […]
India’s steel production is surging, but its heavy reliance on coal-fired plants raises significant environmental concerns. As the country targets net-zero emissions by 2070, the growth of its steel sector presents a conflict with national decarbonization goals, says Economic times. The government’s National Steel Policy focuses on building emissions-intensive coal-fired blast furnaces with plans to […]
New Delhi Municipal Council (NDMC) has set a target to attain a total renewable energy-based electricity supply in its dominion by Dec 2026, says reports on economic times. NDMC has finalised their prime arrangements with the Solar Energy Corporation of India (SECI) to draw 200 MW of solar power over 25 years, and work is […]
India’s finished steel imports from China soared to an all-time high in the first seven months of the current financial year (April-October 2024), according to the data reviewed by Reuters, leaving hundreds of small Indian steel producers struggling with heightened competition from the world’s largest steel producer. China shipped 1.7 million tons of finished steel […]
Solar energy startup Glow has attained $30 million in a recent funding round jointly led by Framework and Union Square Ventures. According to the statement of Glow in a press release, the raised financial resources will be used to decentralize the global energy grid and hasten the adoption of renewable energy in India and all […]
The Indian Energy Exchange (IEX) noted a remarkable hike in electricity trade volumes in November 2024. As per a regulatory filing, IEX attained a trading volume of 9,689 million units (MU) during November 2024, labelling an increase of 15.7 percent year-on-year (YoY). The renewable energy certificate (REC) faced a decline in spite of the hike […]
India’s construction boom, with gleaming highrises and expanding multilane highways, was expected to boost domestic steel sales. However, Jogindra Group’s mills in northern Punjab are currently facing a surplus of unsold inventory. The inexpensive Chinese steel has put significant pressure on India’s smaller steel mills, forcing many to scale back operations and contemplate job cuts. […]
In order to achieve East Central Railways’ decarbonization goals and the nation’s net-zero emissions target, O2 Power has penned a Power Purchase Agreement (PPA) to grant 100 MW of renewable energy to East Central Railways. As per the company statement, renewable energy under this pact will be granted from O2 Power’s installed capacity of 360 […]
Shares of state-owned Steel Authority of India Ltd (SAIL) are expected to attract attention on Friday following the company’s announcement of a partnership with the Indian subsidiary of John Cockerill Group to implement green technologies in iron and steel production. The collaboration marks a key step in SAIL’s commitment to modernizing traditional steelmaking practices with […]
A 300 MW wind-solar hybrid power project by NTPC Limited has been awarded to Sembcorp Industries, through its wholly-owned subsidiary Sembcorp Green Infra Pvt Ltd. The granted project is a segment of NTPC’s 1.2 GW capacity tender. This project constitutes of an Inter-State Transmission System (ISTS) linked hybrid power plant. For the project, Sembcorp acquired […]
In accordance to the SBICAPS Report on Power Sector: Transmission as a Counter-Balance to Evolving Regional Balance of Power, India stand in need of ₹8.2 trillion investment for the advancement of its transmission infrastructure and by 2030, incorporate 500 GW of renewable energy capacity. The report spotlight that in order to meet the targets for […]
India’s JSW Steel and state-run Steel Authority of India (SAIL) are in talks with Mongolian authorities to import two shipments of coking coal, Reuters reported. JSW Steel, plans to buy 2,500 metric tons, while SAIL aims to import 75,000 metric tons of the steelmaking raw material from Mongolia. Mongolia is offering higher-grade coking coal at prices about […]
India will announce a formula for defining green steel by mid-December and is working on government procurement for decarbonized steel, Sources told Reuters on Monday. Amidst the various steps toward increasing India’s production capacity for steel by 2030 to meet the growing demands of the Infrastructure industry, as per Experts on the report. India’s steel […]
Seattle-based NGO Upaya Social Ventures has announced its investment in Ecoright, a unique sustainable fashion and ethical lifestyle brand based in Gujarat, India. Upaya leverages its philanthropic funding to provide dignified jobs for people living in extreme poverty. Since its inception in 2011, Upaya has invested in 41 companies and is reported to have created […]
The two companies, India’s JSW steels and South Korea’s POSCO- are to invest 650 billion rupees ($7.73 billion) in a plant in India in the coming years, partially to capitalize on rising steel demand in the world’s fastest-growing major economy. JSW Steel and POSCO have signed an agreement to set up an integrated steel plant […]
The Ministry of Steel said in an official statement that the Government has invested Rs 1,650 crore in state-owned Rashtriya Ispat Nigam Limited (RINL) to tackle its financial issues. RINL is a public sector undertaking (PSU) under the Ministry of Steel, Government of India. It is also known as Vizag Steel and is the corporate entity of […]
Gensol Engineering Ltd and Matrix Gas & Renewables have been selected for another pioneering project to develop India’s first Green Hydrogen steel production facility. This initiative using 100 percent Green Hydrogen will signify a transformational step towards sustainable steelmaking and it will be the largest facility in the country. It is one of the three […]
JFE Steel Corporation and JSW Steel Limited have announced an agreement to acquire thyssenkrupp Electrical Steel India Private Limited, a leading manufacturer and supplier of electrical steel sheets based in Nashik, Maharashtra, India. In February 2024, JFE Steel and JSW established a joint venture for the production of GOES. The acquisition through their joint venture named JSW JFE Electrical Steel […]
Odisha – An explosion at the Jindal Steel and Power plant in Angul on Monday evening rocked the site, sending shivers down the spine of its workers. The incident occurred around 7:30 PM when a blast from the blast furnace of the steel plant shivered the air. In a press release, plant officials confirmed that […]
Delhi– Noel Tata, the half-brother of the late Ratan Tata, has been appointed as the new chairman of Tata Trusts, the philanthropic arm of India’s $165 billion Tata group. he announcement was made on Friday, shortly after the great Indian businessman Ratan Tata breathed his last. With a majority 66% stake in Tata Sons, the […]
Mumbai: The passing of Ratan Tata at the age of 86 was reported on Wednesday October 9, 2024. He had been undergoing intensive care in a Mumbai hospital, reported Reuters earlier on Wednesday. Among his many awards, he received the Padma Vibhushan, India’s second highest civilian honour, in 2008 for his exceptional and distinguished service […]
India– Steel authority of India, Limited (SAIL) has signed a deal with the global miner and an Australia-based resources company- BHP, working towards the reduction of carbon emissions in the Indian steel production plants that operate blast furnaces as per the reports by SAIL. The companies are exploring the use of hydrogen and biochar at […]
