Tata Steel Earmarks INR 16,000 Crore Capex for FY24
Nearly 75 percent of INR 16,000 crore will be spent on ramping up capacities in Europe and India, especially on the completion of projects at Kalinganagar in Odisha. The remaining amount will be spent on its de-carbonization program in the UK. Jul 8, 2024 Global steel manufacturer Tata Steel has projected its capex at INR […]
MIPPL Launches MS VAYU; Plans to Invest INR 2000 Crore in Next 5 Years
In order to establish itself as a household name, Maruti Ispat & Pipes Private Limited intends to diversify its business across other segments and hold an initial public offering (IPO) in FY26. It further plans to expand its outreach to the Northern and Eastern regions of the country. By investing INR 2,000 crore, MIPPL plans […]
Vibhor Steel Tubes to Enhance Capacity to 3.41 Lakh Tonnes by Setting Up New Unit in Odisha
Hisar-based Vibhor Steel Tubes is looking forward to increasing its total manufacturing capacity to 3.41 lakh tonnes by setting up a new unit in Odisha planned to be commissioned by the first quarter of FY24-25. Feb 07, 2024 Vibhor Steel Tubes Ltd (VSTL) aims to enhance its total manufacturing capacity to 3.41 lakh tonnes by […]
ArcelorMittal to Build World’s Largest Single Steel Manufacturing Factory in Gujarat by 2029
Leading global steel producer ArcelorMittal to build the world’s single largest steel manufacturing factory at Hazira in Gujarat having capacity of 24 million tonnes per annum. Feb 22, 2024 Leading global steel manufacturer ArcelorMittal has announced that it will build the world’s single largest steel manufacturing factory at Hazira in Gujarat by 2029. The announcement […]
Indian Steel Industry’s Future: Green Steel Mandatory
Mr. Jyotiraditya Scindia, Union Minister of Steel and Civil Aviation, shared the possibility of mandating green steel manufacturing, and information about MoUs signed towards the specialty steel capacity addition by 25 million tonnes at INR 30,000 crore investment. Mr. Jyotiraditya Scindia, Indian Union Minister of Steel and Civil Aviation, in his recent public address, indicated […]
Tata Steel to invest INR 13,000 crore per annum to Double its Production to 40 Million TPA
The Indian multinational steel-making company, Tata Steel is aiming to double its steel production to about 40 million tonnes per annum (mtpa) in India by 2030. Tata Steel will continue to invest INR 10,000-13,000 crore a year to grow its downstream businesses of tubes and wires in India. The firm intends to increase the production […]
