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 […]
Talks Between India, EU Over Steel Import Safeguard Duties Fail
India now has the option to propose imposition of retaliatory customs duties under the WTO norms on certain value of goods imported from the EU. The Ministry of Commerce & Industry and the Ministry of Steel are deliberating on the quantum of impact Jul 1, 2024 India and the European Union (EU) have failed to […]
World’s First Off-Grid Green Hydrogen Plant For Stainless Steel Sector Inaugurated at Jindal Stainless Hisar, India
Located at Jindal Stainless Limited in Hisar, Haryana, the state-of-the-art facility is also the world’s first green hydrogen plant with rooftop & floating solar, having capacity to reduce around 2,700 MTPA carbon emissions. Mar 28, 2024 Union Minister for Steel and Civil Aviation, Mr. Jyotiraditya M. Scindia, recently inaugurated India’s first green hydrogen plant in […]
Bright future: India Emerges as Second Largest Global Producer of Steel, Domestic Steel Production Registers Robust Growth
India produced 89.711 million tonnes of domestic finished steel during Apr-Nov 2023, registering 14.3 percent growth. Feb 21, 2024 The future of the steel sector in India looks propitious, as the domestic finished steel production during the first eight months of the current fiscal year (April-November 2023) has reached 89.711 million tonnes, as against 78.498 […]
