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 […]
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 […]
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 […]