Search result for 'steel capacity'

The Indian government has launched three initiatives under the Steel Research Technology Mission of India (SRTMI) to promote R&D in steel making, aiming to drive innovation and sustainability in...

India's steel ministry received 73 applications under the second round of PLI scheme for specialty steel, aiming to boost domestic production and reduce reliance on imports.

Hindustan Zinc, a Vedanta Group company, plans to double its metal production to 2 MTPA by 2030, driven by India's growing steel and infrastructure sectors. The company is also expanding into...

India is expected to surpass its steel capacity target of 300 million tonnes by 2030, driven by strong demand, according to SAIL Chairman Amarendu Prakash. The target was initially considered...

India aims to add 100 million tonnes of steel capacity by 2030 to avoid import dependency, says Steel Secretary Sandeep Poundrik. He also highlighted the impact of slumped steel demand and over...

Tata Steel's net profit fell 43.4% to Rs 295.49 crore in Q3 2024 due to lower income. The company's consolidated income also declined. Read more.

Maharashtra Chief Minister Fadnavis attributes record investments and job commitments at Davos to Prime Minister Modi's leadership and the state's business-friendly environment.

JSW Steel's consolidated crude steel production increased by 2.3% to 7.03 million tonnes in Q3 FY23, driven by growth in Indian operations. The company's Vijayanagar plant is ramping up production.

Tata Steel's crude steel production increased by 6% to 5.68 million tonnes in Q3 FY25, driven by the commissioning of new blast furnaces at Kalinganagar. Deliveries in India also rose 8.4%...

A-One Steels India, an integrated steel manufacturer, has filed draft papers with Sebi for an IPO to raise Rs 650 crore. The IPO includes a fresh issue of shares and an Offer for Sale (OFS) by...

India's steel sector faces challenges from rising imports, volatile raw material prices, and the need to transition to green steel. The industry is seeking policy support to safeguard its interests...

India requires USD 120 billion investment to achieve a 300 million tonne steel-making capacity by 2030, according to Steel Secretary Sandeep Poundrik. The country's steel demand is rising and could...

Arcelormittal Nippon Steel India aims to boost its colour-coated steel capacity to 10 lakh tonnes by 2026, aiming for a 27% market share. The company currently produces 7 lakh tonnes annually.

Vibhor Steel Tubes Ltd (VSTL) has doubled its special steel manufacturing capacity at its Telangana plant to 48,000 tonnes. The company has also inaugurated a new Galvanizing Iron (GI)...

Zinc demand in India is expected to double in the next 5-10 years, driven by infrastructure investments and steel growth. The current demand is 800-1000 tonnes per annum, with significant room for...

Suryadev Alloys and Power introduces new TMT bars with anti-corrosion properties for construction, offering increased lifespan and reduced environmental impact.

Tata Steel reports a net profit of Rs 522.14 crore in Q3, driven by strong domestic demand despite European weakness. The company's UK operations continue to face challenges, with plans to close...

RHI Magnesita India, a leading refractory producer, aims to capture 40% market share in the next four years through acquisitions and investments. The company is bullish on the steel sector and...