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 […]
SAIL’s INR 1,00,000 Crore Capex Plans Approved
This will increase SAIL’s capacities by around 75 percent to 35 million tonnes per annum by 2030. May 17, 2024 The major expansion plans for both greenfield and brownfield projects of the Steel Authority of India Limited (SAIL), involving a whopping amount of INR 1,00,000 crore, have received approval from both the Board and Ministerial […]
SAIL to Set Up Greenfield Steel Plant in West Bengal with Around INR 24,000 Crore Investment
The Greenfield steel plant will have a capacity of 4 million tonnes and produce high-end flat hot rolled coil. It is expected to come up in the next 4 years. Mar 14, 2024 The Steel Authority of India Ltd (SAIL) is likely to invest INR 20,000-24,000 crore for the establishment of a 4 million tonne […]
SAIL Partners with Primetals Technologies on Green Steel Transition at Rourkela Plant
Steel Authority of India Limited (SAIL) and Primetals Technologies signed a MoU on green steel projects and technology at the steel plant in Rourkela, India. Mar 06, 2024 Primetals Technologies and leading Indian steel producer Steel Authority of India Limited (SAIL) signed a Memorandum of Understanding (MOU) to closely collaborate on projects and technologies related […]
SAIL Rourkela Steel Pipe Plant (ERW) Makes Single-Day Record of 575 Tonnes of Pipes
SAIL, Rourkela Steel Plant (RSP) has set new records in production of Hot Metal, Crude Steel and Saleable Steel in the first 7 months of FY 2023-24. The state-of-the-art hot strip mill-2 achieved the best monthly production in October 2023 by rolling 2,26,475 tonnes of HR coils. The ultra-modern mill also created a new single-day […]
SAIL and SMS Group Signs MoU on Sustainable Steel Production
SAIL and SMS group signed an MoU to drive developments focused on implementing long-term sustainable steelmaking practices, with a particular emphasis on decarbonizing steel production. Aug 15,2023 SAIL (Steel Authority of India Limited), a Maharatna PSU and SMS group, signed a memorandum of understanding at SAIL’s Management Training Institute (MTI) at Ranchi, Jharkhand on August […]
Utkarsh India to Expand Capacity to 2,40,000 MT by FY 2024-25
Utkarsh India Ltd. is one of the leading manufacturers and suppliers of high-end engineering products and services in the infrastructure, agriculture and domestic water piping industry. Highly respected in both the government and infrastructure sectors, Utkarsh India brings along over 40 years of experience in high-end engineering and manufacturing, working with the leading raw material […]
