JSW Orders Casting & Rolling Plant from SMS group
The CSP® Nexus plant is the third of its kind worldwide, which maximizes productivity, achieves peak values in terms of performance, efficiency, carbon reduction Mar 15, 2024 Leading steel manufacturer JSW STEEL (Dolvi Works) has placed an order with SMS group to supply its trailblazing CSP® Nexus plant, which will fundamentally transform flat steel production. […]
Goldman Sachs Report Terms EU’s CBAM as Great Risk Factor for Indian Steel Exporters, Predicts Levying of Heavy Carbon Tax
Carbon Border Adjustment Mechanism (CBAM): Goldman Sachs foresees Indian steel producers paying heavy carbon tax for export to Europe in 2026. Feb 22, 2024 The European Commission’s Carbon Border Adjustment Mechanism (CBAM), which will come into force as a permanent system on January 1, 2026, is likely to affect the Indian steel producers the most, […]
Odisha CM Naveen Patnaik Lays Foundation Stone of JSW Group’s 13.2 MT Integrated Steel Plant, 52 MT Captive Jetty Worth INR 65,000 Crore
The ambitious project will drive economic growth in Jagatsinghpur, give direct/indirect employment to 30,000 people. It will also have a cement manufacturing unit, modern township and other components. Feb 20, 2024 Odisha Chief Minister Naveen Patnaik has laid the foundation stone of JSW Group’s steel integrated plant having an annual manufacturing capacity of 13.2 million […]
JSW Steel to Set Up 2,678-Acre Greenfield-Integrated Steel Plant in Odisha
JSW Steel Limited had received approval from the Odisha Government to set up a 2,678-acre greenfield integrated steel plant in Rajnagar, Odisha. Jan 05, 2024 JSW Steel Limited’s subsidiary, JSW Utkal Steel Limited, has acquired 2677.80 acres of forest land in Rajnagar, Odisha for setting up a greenfield integrated steel plant. An additional non-forest land […]
JSW Steel Plans to Increase Domestic Capacity to 50 Million tons and Long Steel Product Portfolio Share to 35%
JSW Steel is planning to get a higher share of long steel products in their portfolio to meet the growing demand. They aspire to increase domestic capacity from 28.2 million tons to 50 million tons by 2030 and expect the share of long steel products- bars, wires and rods, to reach 35 per cent going […]
Rama Steel Tubes Signs Strategic Tie Up with JSW Steel
Rama Steel Tubes Limited (RSTL) and JSW Steel have signed a strategic tie-up, for the hot rolled coils (HRC) procurement used in RSTL’s steel tubes and pipes manufacturing, JSW-produced HRCs distribution in the entire western region, as well as manufacturing of value-added products, the pre- galvanized pipes, in agreement with JSW Steel Coated Products Limited. […]
JSW Steel Procures Land for Metal Recycling Plant in Maharashtra
JSW Steel has acquired the land at INR 23 crore, which is about 4 km away from its existing integrated steel plant in Dolvi village. The construction of the recycling plant will be completed in 12-18 months. December 20, 2022 JSW Steel, the flagship company of JSW Group, is planning to invest INR 175 crore. […]
Government to Seek Expression of Interest for Rashtriya Ispat Nigam’s Divestment
Regarding the divestment of Rashtriya Ispat Nigam and its subsidiary, the government seeks to achieve so by the end of January 2023. RINL is one of the top steel producers in the country. The Government of India (GoI) will invite Expression of Interest (EoI) for the divestment of Rashtriya Ispat Nigam Ltd (RINL) and its […]
JSW Steel to Establish a Facility in Andhra Pradesh, Entailing Investment of INR 8800 Cr
JSW will infuse the investment into the JSW Steel factory project which will be undertaken in two phases. The proposed investment has been approved by Andhra Pradesh SIPB. The Andhra Pradesh State Investment and Promotion Board (SIPB) has approved two proposals along with other proposals with an aggregate investment of INR 23,985 crore – as […]
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 […]
