JSW Group has announced plans to invest INR 120 billion in a copper smelter facility in Odisha, with a production capacity of 500,000 metric tons per year. The facility is expected to be operational by 2028-29. According to the company, the smelter will source copper concentrate from Peru and Chile. JSW Group also intends to […]
Hindalco Industries has announced plans to invest INR 450 billion in its aluminium, copper, and specialty alumina businesses. The investment will focus on expanding production capacity and developing high-precision engineered products for various industries, including electric vehicles (EVs), renewable energy, and semiconductors. Hindalco’s primary aluminium production has grown to 1.3 million tonnes per year, and […]
Ram Krishna Forgings Limited (RKFL) plans to increase its steel casting capacity from 60,000 tonnes per annum to 120,000 tonnes by 2025 according to a report by Autocar Professional. The expansion will utilize the company’s existing infrastructure, which includes 16 plants in Jharkhand. RKFL, founded in 1981, supplies forged and machined components to industries such […]
Steel Authority of India Ltd. (SAIL) plans to increase the production capacity of its Rourkela Steel Plant (RSP) to 9 million tonnes per annum (MTPA) by 2030. The expansion, requiring an investment of INR 300 billion (USD 3.6 billion), will take place over an area of approximately 1,200 acres. Currently, RSP has a production capacity […]
ArcelorMittal-Nippon Steel (AM/NS) plans to invest approximately USD 16.8 billion in an integrated steel plant in Nakkapalli mandal, Anakapalli district, Andhra Pradesh. The project will be executed in two phases: the first phase involves an investment of USD 7.1 billion for a production capacity of 7.3 million metric tonnes per annum (MMTPA), and the second […]
As part of the Belgium Economic Mission to India, a delegation led by Princess Astrid of Belgium visited John Cockerill’s Taloja facility, which specializes in rolling mills, steel processing lines, and industrial furnaces. The visit highlighted ongoing collaborations between Belgian and Indian industries in the steel sector. During the visit, John Cockerill representatives provided an […]
Vedanta’s shareholders and creditors have approved a demerger plan to split the company into five separate entities: Vedanta Limited, Vedanta Aluminium, Talwandi Sabo Power, Vedanta Steel and Iron, and Malco Energy. The resolution received overwhelming support, with 99.9987% of shareholders, 99.5900% of secured creditors, and 99.9588% of unsecured creditors voting in favor. Initially, in September […]
Baldota Group has announced plans to invest Rs 54,000 crore in establishing an integrated steel plant in Koppal taluk, Karnataka. The plant, which will operate under Baldota Steel and Power Limited, will have a production capacity of 10.50 million tons per annum. According to a press statement by Rahul Kumar N Baldota, joint managing director […]
Larsen & Toubro’s Minerals & Metals (M&M) business vertical has secured a contract to build a Pellet Plant and a Direct Reduction of Iron (DRI) Plant for a steel producer in the Middle East & North Africa (MENA) region. The project falls within the company’s “major” classification, indicating a contract value between ₹5,000 crore and […]
The Ministry of Steel convened a high-level stakeholders’ meeting to review preparations for the upcoming ‘India Steel 2025’ event, scheduled to take place from April 24 to 26, 2025. The meeting, chaired by Steel Secretary Sandeep Poundrik, included senior government officials, diplomats from key steel-producing nations, representatives from state governments, executives from Central Public Sector […]
