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 […]
Tata Steel Introduces a Green Investment Plan for UK Steel Tube Plant
The investment by Tata Steel at the tube mill site will be put into setting up a new slitter, enabling the mill to process coils out of steel slabs that will be procured from the Port Talbot steelmaking site in South Wales. Tata Steel has launched a new green investment plan of 7 million pounds […]
ONGC Earmarks the Investment of INR 31,000 Crore for Oil & Gas
ONGC also mentioned that it is planning to leverage international collaborations with reputed global majors for the same, for which talks are already in an advanced stage. The Oil and Natural Gas Corporation (ONGC) India is planning to invest INR 31,000 crore in the upcoming three years. The infused funds will be deployed in exploring […]
JSW Steel Orders High-Productivity Straightening Lines from Danieli
The investment in Danieli’s straightening lines will allow up to 15 percent energy consumption and full-line setup time savings at JSW Steel’s JSW Salem Works. Mumbai, India-headquartered JSW Steel Ltd has ordered two complete straightening lines from Italian technology provider Danieli Group for the conditioning of rolled steel bars for JSW Salem Works. As stated […]
