Government Incorporates 151 Steel Standards in Quality Control Order

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Both domestic and foreign manufacturers will be required to obtain a BIS licence for manufacturing of steel in India.  Jan 6, 2024 In order to maintain consistency in the quality of steel products being manufactured in the country, the Government of India has made it compulsory for all steel producers, including foreign manufacturers operating in […]

Government Plans to Bring All Steel Grades Under BIS Norms

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Currently, 1,376 grades of steel fall under the quality control order (QCO). The new rule, once it comes into effect, will bring 1,000 more grades of steel under the BIS norms.  Jan 3, 2025 In order to protect domestic steel manufacturers from the adverse effects of cheap imports, as well as to improve the quality […]

Tata Steel Earmarks INR 16,000 Crore Capex for FY24

tata steel

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

ms vayu

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 […]

ArcelorMittal to Build World’s Largest Single Steel Manufacturing Factory in Gujarat by 2029

arcelormittal

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

indian steel industry

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 […]

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