Indian government commits USD 45 million to revive Salem Steel Plant of SAIL
Centre approves a USD 45 million infusion to boost capacity, efficiency and revival of Salem Steel Plant, ending earlier privatisation plans. Nov 26, 2025 The Ministry of Steel will invest approximately INR 4,000 million (USD 45 million) in Salem Steel Plant (SSP), a special-steel unit of SAIL, reversing prior plans to privatise the mill. The […]
Ministry of Steel Suspends Enforcement of 55 IS Standards Under Steel Quality Control Order to Support Industry Needs
The ministry has announced that the enforcement of QCO on 42 Indian Standards under the Steel and Steel Products (Quality Control) Order, 2024 has been suspended for three years, and enforcement of QCO on 13 Indian Standards, relating to specialty steel grades covered under PLI 1.2, has been suspended for one year. Nov 21, 2025 […]
BMW Industries Limited Signs MoU with Ministry of Steel to Develop Specialty Steel in Jharkhand
BMW Industries Limited (BMWIL), has signed a Memorandum of Understanding (MoU) with the Ministry of Steel under the Production Linked Incentive (PLI) Scheme 1.1 for Specialty Steel. The MoU was formalized at Vigyan Bhawan, New Delhi. Mar 24, 2025 BMW Industries Limited (BMWIL), a leading manufacturer in the downstream steel sector, has signed a Memorandum […]
Steel Ministry Awaits Finance Ministry Approval For Merger of NMDC & KIOCL
The proposal has been sent to the Department of Public Enterprises (DPE) under the Ministry of Finance. The merger will give NMDC access to KIOCL’s ready-made export oriented unit having production capacity of 4 million TPA. Jan 8, 2025 The Ministry of Steel has proposed a merger of the leading iron-ore producer NMDC with Kudremukh […]
PLI Scheme For Specialty Steel Attracted Investment Worth INR 17,581 Crore Till October: Steel Ministry
The Ministry of Steel is anticipating an investment of INR 27,106 crore, creation of 14,760 jobs and production of 7.9 million tonnes of specialty steel identified under the scheme. Jan 2, 2025 The Production Linked Incentive (PLI) scheme, which was launched by the Ministry of Steel in July, 2021 to promote the manufacturing of specialty […]
Ministry of Steel Embarks on INR 15,000 Crore Green Steel Mission
The Ministry of Steel is preparing the ‘Green Steel Mission’ with an estimated cost of INR 15000 crore. The Ministry has awarded two pilot projects to produce Direct Reduced Iron (DRI) using 100 percent hydrogen in the vertical shaft. The government has also ensured Steel Import Monitoring System (SIMS) 2.0 revamping for more effective monitoring […]
India Unveils Formula for Green Steel Classification Based on Carbon Emission
The Indian Ministry of Steel has unveiled a formula for determining green steel, categorizing steel into 3 categories based on the amount of carbon emissions per ton of alloy produced. Dec 14, 2024 The Indian Ministry of Steel has unveiled a formula for determining green steel, as per the media reports. Steel has been categorized […]
NMDC Appoints Joydeep Dasgupta as its New Director-Production
Joydeep Dasgupta’s leadership at NMDC is expected to accelerate the company’s vision of producing 100 million tonnes of iron ore annually by 2030, focusing on sustainable mining practices. Nov 18, 2024 Joydeep Dasgupta has been appointed as the Director (Production) of NMDC Limited, effective 15 November 2024. NMDC, a Navratna public sector enterprise under the […]
Gensol Engineering Collabs with Matrix To Build India’s Largest Green Steel Production Facility
Gensol Engineering has partnered with Matrix Gas & Renewables to develop India’s first and largest green steel production facility. The project’s total capital expenditure (capex) is estimated at INR 321 crore, with the government of India providing 50% capex incentives to support this initiative. Oct 21, 2024 Gensol Engineering, a solar energy consultancy and EPC […]
Ministry of Steel Launches Steel Import Monitoring System 2.0 Portal
The Steel Import Monitoring System (SIMS) 2.0 portal features API integration with multiple government portals, enhancing quality control and streamlining processes for improved efficiency and effectiveness. It will give a boost to the domestic steel industry and help in monitoring steel imports. Aug 5, 2024 The Union Ministry of Steel and Heavy Industries has launched […]
