Steel Plant

The approvals are expected anytime now, after which the conglomerate will start working on the 4 million tonne per year steel plant along with port facilities at Ras Al-Khair in Saudi Arabia.

JSW Steel gets nod to set up 2,678-acre greenfield-integrated steel plant in Odisha

With this, JSW Steel added that the total land required for the project that is 2,950.31 acres of which 2,677.80 acres was forest land.

AP govt gives green signal to JSW's steel plant, Adani's 1,600 MW hydroelectric energy storage project

The officials informed the Chief Minister that JSW Steel Limited will invest Rs 8,800 crore in two phases for setting up the steel plant in Sunnapurallapalli village in Kadapa district.

Punjab CM hands over land allotment letter to Tata Steel for Rs 2,600 crore plant

Welcoming the Tata group to the state, the chief minister said that this is a 'Red letter' day in the history of the state as this is the maiden investment by the global company in the state.

JSW Steel subsidiary gets environmental clearance to build greenfield steel plant in Odisha

JSW Utkal Steel will incur capital expenditure worth Rs 65,000 crore including associated facilities for the “modern, green and environment-friendly” integrated steel plant project.

ArcelorMittal strikes $6.9 billion deal with Odisha govt to set up steel plant

Lakshmi Mittal has been focusing on consolidating operations globally, which include selling its North American operations to Cleveland-Cliffs Inc. and shuttering an unprofitable furnace in Poland.

MS Agarwal Foundries to set up Rs 1,200-crore steel rolling mill, sponge iron plant at Madhavaram in Andhra Pradesh

MS Agarwal Foundries expects to commission both the backward integration plant and the new mill at Mantralayam by March 2022.

Kadapa steel plant: TDP MPs protest at Union Steel minister's residence, denied permission to meet PM

The TDP government in Andhra Pradesh has been demanding that the Centre establish an integrated steel plant in Kadapa district as promised in the APR Act.

India's largest CDQ facility at Tata Steel Kalinganagar

CDQ is a heat recovery system to cool hot coke from coke ovens. It is one of the best energy-efficient and environment friendly facility in steel production where hot coke removed from coke ovens at a temperature of around 1,000 degree Celsius is cooled and kept dry with inert gas.

Two units of SAIL in losses despite Rs 2,600 cr investment: Govt

"Despite an investment of around Rs 400 crore, VISP (Visveswaraya Iron and Steel Plant) is making losses for last 10 years," Minister of State for Steel Vishnu Deo Sai said in a written reply to Rajya Sabha.

SAIL set to award ACB arm 30-year deal for Rowghat mine

Steel Authority of India is set to award an arm of ACB India Ltd a 30-year contract to mine, develop and operate its 14 million tonne per year Rowghat iron-ore mine in Chhattisgarh, according to an official familiar with the development.

Jai Raj Ispat to set up Rs 3,000 cr steel plant in Telangana

"The proposed steel plant will come up in two phases with an investment of approximately Rs 3,000 crore. With a production capacity of 10 lakh tonnes annually, the plant will provide direct employment to 1,200 while 3,500 will be indirectly benefited," it said.

Pension problem at Welsh steel plant can be solved: Tata UK CEO

The government has said it is working with the pension scheme trustees of Tata Steel to reduce the impact on any purchaser, including whether it could separate the scheme from the business.

Tata Steel, Britain offer more aid to steel town

Tata Steel, Britain's biggest steelmaker, may cut about 1,200 jobs as part of plans to restructure there.

NTPC-SAIL Power Co gets green nod to expand Durgapur plant

The company is a joint venture between state-owned firms, the country's major power producer NTPC and steel major SAIL.

JSW readies Rs 700 cr for Salboni cement unit

JSW group Chairman Sajjan Jindal said the group has decided on a cement unit at Salboni where a 10-mt steel plant was earlier planned. The group has cement capacity of six million tonnes.

Govt to invest Rs 1k cr to revive Visvesvaraya Iron & Steel

For raw material security, steps will be taken by state government to allot 140 hectares at NEB range Sandur Taluk in Bellary district of Karnataka to VISL as soon as the case pending in High Court is settled, the Minister said.

States bypass stalled reform, go it alone to woo investment

The 5-year deal, announced last weekend, is a reminder of the pulling power of India's wealthiest states - even as the central government under Prime Minister Narendra Modi hits its biggest reform roadblocks to date, over tax and land reform.

Tata Steel's iron ore dispatch in Jharkhand takes a hit

Tata Steel on Thursday said the stoppage of issuance of challans by the Jharkhand government has blocked the dispatch of iron ore from its Noamundi iron ore mine in the state to its steel plant in Jamshedpur.

Mesco chases iron ore, coal assets in US, Australia

Mesco Steel has already announced its plan to take its capacity to 4.5 million tonnes (MT) in the next 3-5 years with an investment of Rs 13,500 crore.

POSCO's Finex plant likely to be shifted to India by Oct

Not able to take off its 12 million tonnes plant in Odisha, global Steel giant POSCO is likely to shift its first Finex plant to Kalinganagar, in the state from Pohang, South Korea after a definitive pact with homegrown steelmaker MESCO, which is scheduled by August.

Economic growth can end banks' NPLs in next 3 yrs: Experts

Dr Charan Singh, Professor of economics, IIM Bangalore and Mr Sharad Sharma, Managing Director, State Bank of Mysore talk about resolving the worry for banks, augmenting NPAs.

Tata Power to raise generation capacity to 18,000 MW

"The company plans to increase the generation capacity to 18,000 MW with 20-25 percent from clean and green sources and 4,000 MW distribution and decentralized distributed generation," Tata Power said in a statement.

Posco shifts focus from Odisha project citing 'no progress'

Steel giant Posco has shifted its focus from the USD 12-billion proposed steel plant in Odisha citing "no progress" in the project.

JSW to spend Rs 2,000cr in 2 yrs on doubling ports capacity

To give a fillip to port connectivity with the hinterland, the firm recently entered into an agreement with the Railways and the Maharashtra Maritime Board to build a 33.7-km railhead with the Konkan Rail network, at an investment of Rs 771 crore.