The Ministry of Steel has introduced a Taxonomy of Green Steel, aiming to standardize the definition and assessment of low-emission steel in India. The taxonomy was launched during an event at Vigyan Bhavan, New Delhi, on December 12, 2024, with officials from various ministries, industry representatives, and international delegates in attendance. The taxonomy defines green […]
LGSF Engineering Solutions has inaugurated a new manufacturing facility for Light Gauge Steel Framing (LGSF) in Bengaluru. This facility is designed to cater to the growing demand for LGSF solutions, particularly in South India. According to the company, the unit aims to produce precision-engineered steel framing components intended to reduce construction timelines and improve material […]
Reddy Pai Metals has launched an aluminium foundry in India, enhancing its production capacity and ability to manufacture high-quality metal products from recycled materials. This facility aligns with the company’s ongoing focus on sustainability and efficient resource management. Founded in 2007, Reddy Pai Metals specializes in scrap metal recycling and trade. Initially focusing on supplying […]
John Cockerill India Limited (JCIL) has entered into a Memorandum of Understanding (MoU) with Steel Authority of India Limited (SAIL) to explore joint initiatives aimed at advancing solutions for the steel industry in India. The agreement was formalized during a signing ceremony held in Mumbai, Maharashtra. The collaboration seeks to leverage technological expertise to address […]
Vardhman Special Steels Limited (VSSL) will invest ₹1,750 crore in a greenfield special alloy steel manufacturing plant in Punjab. The facility, which will use an electric arc furnace for production, is designed for an annual output of 5 lakh tonnes of special alloy steel. The project, developed in partnership with Japan’s Aichi Steel Corporation, aims […]
Vesuvius has inaugurated alumina-silica and basic monolithic refractory manufacturing facilities in Visakhapatnam, Andhra Pradesh, adding 250,000 tonnes of annual production capacity. These plants will serve the iron and steel industries, producing materials essential for manufacturing processes. The development follows the commissioning of Vesuvius’s Mould Flux plant earlier this year and is part of the company’s […]
Godawari Power & Ispat Limited (GPIL) has announced its entry into the non-ferrous metals recycling business by acquiring a 51% stake in Jammu Pigments Limited (JPL). The transaction values JPL at approximately ₹500 crore and involves an infusion of ₹175 crore by GPIL for debt repayment and growth capital. Additionally, GPIL will purchase ₹79.52 crore […]
Nupur Recyclers Limited (NRL) has announced plans to broaden its recycling operations with a new facility focusing on metal scrap processing and lithium-ion battery recycling, expected to be operational by 2027. This expansion will add to the company’s current focus on non-ferrous metal scrap recycling, allowing NRL to handle a wider range of recyclable materials. […]
JSW Steel and POSCO have announced a joint investment of $7.73 billion to establish a steel plant in Odisha, India. This venture aims to address the country’s growing demand for steel by constructing an integrated facility with an initial production capacity of 5 million tonnes per year (MTPA). The project, backed by Odisha’s iron ore […]
The Government of India has provided a financial package of approximately ₹1,650 crore to support Rashtriya Ispat Nigam Ltd. (RINL) amid ongoing financial and operational challenges. The state-owned steel producer, which operates a 7.5 million-tonne plant in Visakhapatnam, Andhra Pradesh, has been facing severe cash flow issues, leading to temporary production cuts and the shutdown […]
