Jindal to invest over Rs 10,000 crore to set up 3 mn-tonnes steel plant in Andhra Pradesh
Jindal’s chairman Mr. Naveen Jindal shared that the company is preparing to set up a 3 million tonnes steel plant in Andhra Pradesh, with an investment of over INR 10,000 crore. The group will also be signing an MoU with Andhra Government to invest in renewable energy and increase their existing cement plant’s capacity. Chairman […]
INR 377.08 crore investment for 130 Km long 1 Million Metric TPA Indo-Bangla Friendship Pipeline
The international oil pipeline, with a capacity of one million metric tonnes per annum (MMTPA), will receive INR 91.84 crore for the India portion of the pipeline, while an additional INR 285.24 crore is being funded by the Indian government for the Bangladesh portion. The Indo-Bangla Friendship Pipeline (IBFPL), with a length of 130 km […]
India-Myanmar-Bangladesh LNG pipe connectivity to boost India’s Hydrocarbon Vision 2030
Potential pipeline connectivity between the three countries can accelerate India’s Hydrocarbon Vision 2030 for North-east India, as the government plans to make the North-east a hub of oil and gas transit. India is planning Liquefied Natural Gas (LNG) pipeline connectivity with the countries of Myanmar and Bangladesh, in an attempt to ensure energy security as […]
SeAH GSI brings USD 240 million, 20,000 TPA steel tube production facility
The upcoming facility will be the first of its kind stainless-steel seamless pipes and tubes production facility in Saudi Arabia, built on a 1,78,000 sq m area. The joint venture between Saudi’s industrial investments company Dussur and Korea’s steel manufacturer SeAH CSS is expected to begin operating in 2025. The SeAH GSI joint venture between […]
Tata Steel to invest INR 13,000 crore per annum to Double its Production to 40 Million TPA
The Indian multinational steel-making company, Tata Steel is aiming to double its steel production to about 40 million tonnes per annum (mtpa) in India by 2030. Tata Steel will continue to invest INR 10,000-13,000 crore a year to grow its downstream businesses of tubes and wires in India. The firm intends to increase the production […]
Tube Investments invests INR 141 crore for capacity expansion at Tiruttani unit
Tube Investments of India Ltd. (TII) is planning to invest around INR 141 crore to upgrade the large diameter precision steel tubes manufacturing capacity from the previous 4,125 tonnes a month to 5,950 tonnes a month at its Tiruttani unit in Chennai. Tube Investments of India Ltd. (TII), the engineering company of the Murugappa Group, […]
Surya Roshni gets INR 147 crore Coated Pipes order from GAIL, Indian Oil
Indian multinational company Surya Roshni recently shared that it has received orders worth INR 123.95 crore from Indian Oil and INR 23.35 crore from GAIL respectively. In an exchange filing, the company shared that it received the order from Indian Oil for the supply of API-5L coated pipes and bare pipes in the state of […]
Hi-Tech Pipes announces INR 510 crore investment for manufacturing unit in UP
The leading ERW pipe manufacturer plans to set up a mega manufacturing unit, which will support the company’s capacity expansion plans as well as uplift the company’s position in the steel tubes and pipes industry. Following Prime Minister Narendra Modi’s “Aaatmanirbhar Bharat” vision, Hi-Tech Pipes has taken the step to invest INR 510 crore in […]
Gascade & Fluxys eyeing approvals for North Sea 400Km 100GW Green Hydrogen Pipeline plan
Germany-based Gascade and Belgium-based Fluxys have applied to the European Commission to qualify for fast-track approvals as well as funding, advancing on their AquaDuctus project of a 400 Km, 100 GW capacity green hydrogen pipeline in the North Sea, with the project expected to begin in 2030. The pipeline infrastructure companies have jointly applied for […]
Study proposes 1000km Hydrogen Pipeline to serve Oman
The report of the key feasibility study envisions a pipeline dedicated to carrying hydrogen running through Oman from North to South, with a flow rate of 2million m3/hour of hydrogen. The report also mentions building a second pipeline is energy supply reaches levels while demand is high. Asyad Group, the integrated logistics provider of the […]
