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 […]
JSW Steel Joins Forces With BHP & Carbon Clean to Decarbonize Steel Sector
The parties will commence joint studies to explore the feasibility of Carbon Clean’s CycloneCC modular technology to capture up to 100,000 tonnes per year of CO2 emissions. Oct 14, 2024 India’s leading integrated steel manufacturer, JSW Steel, has signed a joint study agreement with carbon capture solutions provider, Carbon Clean, and leading global resources company, […]
Indian Steelmakers Demand Higher Tariffs for Imported Steel
Finished steel imports from China have surged to a seven-year high over April-August, affecting the Indian steel manufacturers. The Indian Steel Association has asked the government to double the customs duty on steel imports to 15 percent. Sep 27, 2024 India’s steelmakers have asked the government to double tariffs on steel imports. This proposal is […]
JSW Steel Plans to Invest USD 1 Billion in Decarbonization Operations
JSW Steel plans to increase its Indian capacity to 42 million tons of steel per year by September 2027 and reach 50 million tons by 2031. Jul 4, 2024 In order to realize its 2030 goal of reducing CO2 emissions by 42 percent (1.95 tonnes of CO2 per tonne of steel) and becoming carbon neutral […]
JSW Steel USA to Invest USD 110 Million to Upgrade Texas Manufacturing Operation
The investment will be utilized in steel plate mill modernization projects, enabling the production of high-quality monopile steel plates. Jun 28, 2024 JSW Steel USA, Inc. a subsidiary of JSW Steel Ltd. plans to invest USD 110 million in steel plate mill modernization projects with sustainable technology and state-of-the-art equipment within its manufacturing facilities in […]
JSW Group to Invest USD 70 Billion Over 6 Years
JSW will invest USD 5 billion in electric vehicle projects in Odisha, which include a 50 GWH EV battery plant, EVs, lithium refinery, copper smelter and related component manufacturing units. The group will also expand its capacity in steel, cement and electricity generation verticals. Jun 26, 2024 The JSW Group has revised its investment target […]
FY2024: The Year of Resilience
During a period when leading economies have either fallen into a downturn or slowed down, India has stood out as the most promising area. In its latest update, the International Monetary Fund has raised India’s growth prediction to 6.8 percent from 6.5 percent. It has also increased the country’s outlook for fiscal year 2024 to […]
JSW Steel Commissions Hot Strip Mill at Karnataka Plant
The Hot Strip Mill facility at JSW Steel’s integrated steel plant in Vijayanagar, Karnataka has the capacity to manufacture plates and coils of 5 million tonnes per annum. The mill is equipped with digital reheating furnaces, evaporative cooling system and waste heat recovery system. Apr 4, 2024 Leading global manufacturers of steel products, JSW Steel, […]
JSW Steel To Launch New Blast Furnace At Dolvi Steel Plant
The state-of-the-art blast furnace will produce 4.5 million tonnes of hot metal per year. The project is expected to be completed in March 2026 Apr 10, 2024 Leading steel manufacturer JSW Steel Limited is coming up with a state-of-the-art blast furnace at its Dolvi Works facility in Maharashtra, which will produce 4.5 million tonnes of […]
JSW Steel Comes up with Mega Integrated Green Steel Manufacturing Complex in Odisha
The INR 65,000 crore complex will come up at 2,958 acres in Odisha. It will include an integrated steel manufacturing unit with a capacity of 13.2 million TPA, a captive power plant, captive jetties, a cement manufacturing unit, and a modern township. Mar 15, 2024 Chief Minister of Odisha Naveen Patnaik has laid the foundation […]
