Punjab CM Supports Vardhman Special Steels for Establishing INR 1,750 Crore Special Alloy Steel Manufacturing Unit
Vardhman Special Steels Limited plans to establish an INR 1,750 crore special alloy steel manufacturing unit in the state, in collaboration with Japan’s Aichi Steel Corporation. The unit will likely have an annual capacity of 5 lakh tonnes. Punjab Chief Minister Bhagwant Mann has supported the project to boost the industrial growth in Punjab. Nov […]
Reliance Industries to Invest INR 65,000 Crore in 500 CBG Plants in Andhra Pradesh
Reliance Industries Limited has signed a MoU to invest INR 65,000 crore in setting up of 500 compressed biogas plants in Andhra Pradesh, expected to open potential opportunities for the tubes and pipes manufacturing companies in India. The company has launched the first commercial-scale CBG plant in Barabanki, Uttar Pradesh, and plans to expand to […]
Shyam Metalics Invests INR 600 Crore to Boost Steel Production
Shyam Metalics commissioned a new blast furnace and launched a sinter plant at its Jamuria facility in West Bengal to lower manufacturing costs, improve operational efficiency, and expand its capabilities for high-quality steel products across various industries. Nov 8, 2024 Shyam Metalics & Energy Limited, leading metal producer of India, has officially commissioned a new […]
JSW Steel, POSCO to Invest USD 7.7 Billion in Odisha Steel Plant
According to a media report, India’s JSW Steel and South Korea’s POSCO plan to invest INR 650 billion (USD 7.73 billion) in their proposed plant in the eastern state of Odisha, producing 5 million metric tons of steel annually and is expected to reach 18 million metric tons over time. Nov 6, 2024 India’s JSW […]
Jindal India Plans to Expand Production Capacity with INR 1,500 Crore Investment
Jindal India announced a capex spend of over INR 1,500 crore to effect a strategic capacity expansion of 0.6 million MT, a 60 percent increase from its current capacity of 1 million metric tonne per annum. Nov 5, 2024 Jindal India announced its plans to invest INR 1,500 crore to increase its annual production capacity […]
Welspun Tubular Announces USD 100 Million Investment to Upgrade US Plant
The expansion will include pipes up to 24-inch diameter and 0.750-inch wall thickness, with capacities reaching 350 KMTPA and product grades up to X80. Production is expected to begin in early 2026 at Welspun’s Little Rock plant in Arkansas. Nov 11, 2024 Welspun Tubular LLC, a subsidiary of homegrown Welspun Corp Limited and leading global […]
Steel Pipe Makers: Huge Stock Gainers as Govt. Encourages Infra Projects
The steel pipe manufacturers are all set to be greatly benefitted from the CAPEX investments by the central and state governments in the sectors such as oil & gas, petrochemicals, and so on. The steel pipe industry is amongst the top gainers in the stock market as there is huge demand generated by numerous sectors, […]
