steel production

JFE Steel Invests ₹7,875 Crore in JSW Kalinga Steel New Delhi, March 30 – JFE Steel Corporation, a leading Japanese steel manufacturer, has invested ₹7,875 crore in JSW Kalinga Steel Ltd, a subsidiary of JSW Steel, led by Sajjan Jindal. This investment represents the first tranche of JFE’s...

Parliamentary Panel Urges SAIL to Boost Sales, Expand Product Portfolio and Cut Costs New Delhi, March 27 – A Parliamentary Standing Committee has asked Steel Authority of India Limited (SAIL) to strengthen its sales strategy, improve revenue realisation, and enhance market competitiveness...

Coal India to Invest ₹3,300 Crore in New Coking Coal Washeries Expansion Plans and Capacity Boost New Delhi, March 27 – Coal India announced plans to invest approximately ₹3,300 crore to establish eight new coking coal washeries. This initiative is part of a strategy to enhance coal quality and...

New Delhi, March 24 Jindal Stainless announced on Tuesday the commissioning of a 1.2 million tonnes stainless steel melting shop (SMS) in Indonesia, as part of its ongoing ₹5,700 crore expansion plan.With this development, the company said its annual melting capacity has increased to 4.2...

On March 23 in Rajayyapeta (Andhra Pradesh), Andhra Pradesh Chief Minister N Chandrababu Naidu laid the foundation for the Rs 1.36 trillion ArcelorMittal Nippon Steel India steel plant here in Nakkapalli mandal of Anakapalli district.With a capacity of 17.8 million tonnes per year, the plant...

Andhra Pradesh CM Lays Foundation for Rs 1.36 Lakh-Crore ArcelorMittal Nippon Steel India Plant Rajayyapeta (Andhra Pradesh), March 23 – Andhra Pradesh Chief Minister N Chandrababu Naidu laid the foundation stone for the Rs 1.36 lakh-crore ArcelorMittal Nippon Steel India (AM/NS India) steel...

US Backs Essar Group’s Mesabi Metallics Project with Up to $10 Billion Financing Support Washington, March 20: The United States has announced financial support of up to $10 billion for Mesabi Metallics, an Essar Group company, for a major mining and manufacturing project in Minnesota...

ArcelorMittal Nippon Steel India to Launch ₹70,000 Crore Steel Plant in Andhra Pradesh Work to Begin on India’s Largest Greenfield Steel Project Amaravathi, March 19 – ArcelorMittal Nippon Steel India (AM/NS India) is set to begin work next week on its proposed integrated steel plant in Andhra...

Middle East Crisis Pushes Up Fuel and Freight Costs, Raising Pressure on Global Steel Industry Rising Energy Prices and Geopolitical Tensions Impact Steel Markets New Delhi, March 8: The global steel industry, including India, may face mounting market challenges as escalating tensions in the...

Shares of Lloyds Metals and Energy Ltd. climbed sharply on Wednesday, February 25, after global brokerage Nomura initiated coverage on the stock with a bullish outlook. The stock emerged as one of the top gainers on the Nifty Metal index following the note.At the time of reporting, shares were...

Steel Authority of India Shares in Focus as Emkay Global Reaffirms Buy, Raises Target to ₹200 Shares of Steel Authority of India Ltd are expected to remain in focus on Wednesday, February 25, after brokerage firm Emkay Global reiterated its Buy rating and raised the stock’s price target by 14...