Jharkhand’s Steel Sector Receives INR 13,000 Crore Investment Proposals
Jharkhand’s steel sector to receive investment of approximately INR 13,000 crore, nearly half of Jharkhand’s INR 26,000 crore investment proposals during the Bengal Global Business Summit. Feb 10, 2025 The steel sector bags half of Jharkhand’s INR 26,000 crore investment proposals. During the Bengal Global Business Summit (BGBS) in Kolkata, the steel sector led the […]
JSW Steel Completes Acquisition of thyssenkrupp Electrical Steel India for INR 4158 Crore
JSW Steel has acquired thyssenkrupp Electrical Steel (tKES) India Private Limited, the specialty steel unit of German engineering group thyssenkrupp, for INR 4158 crore. Feb 5, 2025 JSW Steel Limited, in collaboration with Japan’s JFE Steel Corporation, has successfully completed the acquisition of thyssenkrupp Electrical Steel (tKES) India Private Limited, the specialty steel unit of […]
Essar Group to Invest USD 650 Million in US Steel Plant
Essar Group plans to invest an additional USD 650 million in its US plant. It had invested USD 1.7 billion earlier. Jan 24, 2025 Essar Group plans to invest an additional USD 650 million in its US steel plant in the state of Minnesota. It had invested USD 1.7 billion earlier. Prashant Ruia, Director of […]
JSW & JFE Steel to Jointly Acquire thyssenkrupp for INR 4,051 Crore
The acquisition will enable the consortium of JSW and JFE to manufacture grain-oriented electrical steel in the country, enabling import substitution and taking another step towards a self-reliant India. Oct 22, 2024 JSW Steel Limited, in collaboration with Japan’s JFE Steel Corporation, has entered into a share purchase agreement to acquire 100 percent of equity […]
Global Investment on Clean Energy Expected to Reach USD 3 Trillion in 2024
As per the annual World Energy Investment report released by the International Energy Agency, the world was now investing almost twice as much in clean energy compared to fossil fuels. Jun 13, 2024 The global energy investment is set to exceed USD 3 trillion for the first time in 2024, with USD 2 trillion going […]
Surya Roshni Limited Approves INR 75 Crore Investment for New 72,000 TPA Steel Pipe Plant
The Board of Surya Roshni Limited recently approved the setting up of a new steel pipe plant for GP and CR coil/pipe manufacturing at Hindupur, Andhra Pradesh. With an investment of INR 75 crore through internal accruals, the mill is projected to have a production capacity of 72,000 TPA and commissioning is scheduled by March […]
Indian Oil Set to Invest INR 2,200 Crore for Multiple Expansion Projects in Tamil Nadu
Indian Oil Corporation has lined up INR 2,200 crore as investment in Tamil Nadu for the next 2 years, as an initiative towards taking up major foundation and expansion projects in the state. The investment focuses on the LPG bottling plant near Kinathukadavu on the outskirts about its LPG storage and distribution infrastructure. It includes […]
Government to invest additional INR 10,000 Crore for developments in Andaman and Nicobar Islands
Union Minister, Mr. L Murugan recently spoke about the government’s investments for the development of the Andaman and Nicobar Islands, with INR 30,000 crore already invested in the last eight years and INR 10,000 crore planned for future investment. The minister shared that nearly 62,000 water connections have been provided and more than 95 per […]
JSW Steel Modifies its FY23 CapEx Plan to INR 15,000 cr
Earlier, the CapEx plan of JSW Steel was INR 20k crore, which has now been modified to INR 15k crore. December 1, 2022 JSW Steel Ltd., an Indian steel manufacturer and a flagship company of the JSW Group, has modified its CapEx plans for the current fiscal to INR 15,000 crore. Earlier, the initially planned […]
Saudi Arabia to Establish a USD 270 mn Stainless Seamless Pipe Plant
The stainless steel seamless pipe manufacturing plant will be set up in a joint venture between SeAH Gulf Special Steel and King Salman Energy Park. Saudi Arabia’s King Salman Energy Park (SPARK) has signed an agreement with SeAH Gulf Special Steel to establish a seamless pipe factory at an investment of 1 billion Saudi riyals […]
