JSW Steel plans to invest between INR 500 billion and INR 600 billion over the next three to four years to set up 10 million tonnes per annum (MTPA) of green steel production capacity at its Salav plant in Raigad district, near Mumbai. The investment is part of a brownfield expansion of the existing facility. […]
ArcelorMittal Nippon Steel India (AM/NS India) has commissioned a scrap processing facility at its manufacturing site in Khopoli, Maharashtra, with an annual processing capacity of 120,000 tonnes. The unit is the first of four planned facilities under a INR 3.5 billion investment programme aimed at improving domestic scrap availability and reducing production costs. The company […]
POSCO Group is restructuring its global manufacturing operations, prioritizing new steel production investments in India and the United States, according to a report by Business Korea. The South Korean company aims to support these expansions through the sale of non-core assets and a shift toward localized manufacturing strategies. In India, POSCO is pursuing the construction […]
Bansal Wire Industries has inaugurated a new steel wire manufacturing facility in Dadri with a current production capacity of 360,000 metric tons per annum (MTPA). The company plans to increase this capacity to 420,000 MTPA by the first half of the 2025–26 financial year. According to the company, the total infrastructure across all Bansal Wire […]
Bedi Steels Limited has announced that its new rolling mill in Ludhiana, Punjab, will commence production in April 2025. The facility, built with an investment of INR 134.9 million, has an annual production capacity of 70,000 tonnes and will manufacture Round Bars, RCS/Square Bars, Hex Bars, and Flat Bars. The company stated that the new […]
Jindal Stainless has submitted an investment proposal for the establishment of a stainless steel plant in Maharashtra. The proposal was presented during a state cabinet subcommittee meeting, chaired by Deputy Chief Ministers Eknath Shinde and Ajit Pawar. The planned facility, set to be developed over the next ten years, is projected to generate more than […]
BMW Industries has signed a Memorandum of Understanding (MoU) with the Ministry of Steel under the Production Linked Incentive (PLI) scheme 1.1 for specialty steel. Under this agreement, the company will manufacture coated and plated steel products, including AI-Zn coated (Galvalume) products, at its upcoming Greenfield Downstream Steel Complex in Bokaro, Jharkhand. In a filing, […]
Epic Group, a Hong Kong-based apparel manufacturer, is investing INR 3.77 billion in a green manufacturing facility in Bhubaneswar, Odisha. The facility will use low-emission TMT bars supplied by ARS Steel, which recently delivered its first batch of “green steel” to Trimetro Group for the project’s construction. ARS Steel’s TMT bars have an emission intensity […]
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 […]