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 […]
ArcelorMittal Nippon Steel India (AM/NS India) has announced plans to commission two new production lines for advanced automotive steel at its facility in Gujarat by 2025. The expansion aims to bolster the domestic supply of high-quality steel for the automotive industry, which is currently growing at an annual rate of 6–7%. The company stated that […]
Rungta Steel has announced the commencement of Ductile Iron (DI) Pipe production at its Chaliyama Steel Plant in Chaibasa, Jharkhand. This initiative marks the company’s entry into a new segment within the infrastructure sector, complementing its existing product offerings such as TMT bars, wire rods, and fly ash bricks. DI Pipes are manufactured using molten […]
NMDC Steel Limited (NSL) has been certified by the Bureau of Indian Standards (BIS) for manufacturing hot-rolled steel strip, sheet, and plates for welded steel pipes used in pipeline transportation systems. The certification complies with the Indian Standard IS 18384:2023, which specifies general requirements for steel products utilized in the petroleum and natural gas industries. […]
The Ministry of Steel has launched the revised Production-Linked Incentive (PLI) scheme, referred to as “PLI Scheme 1.1,” on January 6, 2025, in New Delhi. The application window for the scheme is now open. The initiative, aimed at enhancing domestic manufacturing in the steel sector, follows the earlier PLI scheme introduced in November 2020. According […]
ArcelorMittal Nippon Steel (AM/NS) India has initiated the production of its patented Zinc-Aluminium-Magnesium-coated steel product, Optigal, in India as part of its broader expansion efforts. This development comes amid a ₹60,000 crore investment in the first phase of expansion at the company’s Hazira facility. The product, which was previously available only in global markets, debuted […]
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 […]
