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 […]
Salzgitter Places Large Order with Primetals Technologies for Electric Arc Furnace
The newly ordered Electric Arc Furnace Ultimate is designed to produce 1.9 million tonne per annum (TPA) of steel. The order is an important step in Salzgitter’s investment toward the long-term aim of green steel production. Germany-based steel producer Salzgitter AG has signed an agreement with the UK-based Primetals Technologies Ltd for an Electric Arc […]
Tullow Oil Reaches Out to ONGC Videsh, IOCL for a Kenyan project
Tullow Oil is optimistic about finding an investor for the onshore oil project in Kenya during the second half of this year. London-headquartered Tullow Oil has reached out to India’s major PSU in the oil & gas sector – ONGC Videsh Ltd. in Nairobi. The discussions between the two firms are about the London-based firm’s […]
Meghmani Finechem Commissions India’s Largest CPVC Plant
Meghmani Finechem’s new CPVC manufacturing plant was developed with an investment of INR 190 crore. It would have a production capacity of about 30,000 TPA. Meghmani Finechem Ltd. (MFL), a leading chemical manufacturer, has commissioned India’s largest Chlorinated Polyvinyl Chloride Resin (CPVC) plant at Dahej Petroleum, Chemicals and Petrochemicals Investment Region (PCPIR), Bharuch, Gujarat. The […]
