AP Offers INR 28,000 Crore Incentive Package for AM/NS India’s New Steel Plant
AM/NS will receive a full waiver on stamp duty and registration charges for land acquisition, along with a 15-year reimbursement of net State GST and sales tax. Additionally, the company will be exempt from paying electricity duty for the same period. May 28, 2025 ArcelorMittal Nippon Steel (AM/NS) India is poised to benefit from a […]
Hisar Metal Industries Eyeing Capacity Expansion and Increased Exports
Hisar Metal Industries, performing end-to-end manufacturing of stainless steel coils, pipes and tubes, plans to increase its exports to 50 percent in the coming years by enhancing its presence in Europe and the US, and increase its overall capacity by 20 percent by the end of the year. The company has recently ventured into the […]
AM/NS India Gears Up to Lead as India’s First Integrated Green Steel Production with INR 60,000 Crore Investment
ArcelorMittal Nippon Steel India (AM/NS India) is preparing itself to become the country’s leading green steel manufacturer to achieve a three-star green steel certification under India’s forthcoming Green Steel Taxonomy. In line with its vision, AM/NS India is undertaking an INR 60,000 crore expansion project at its Hazira steel facility in Gujarat to increase its […]
JSW To Set Up 10 Million TPA Green Steel Capacity in Maharashtra Worth INR 50,000 Crore
The upcoming facility, part of a brownfield expansion at JSW’s plant located in Salav village of Raigad district in Maharashtra, will primarily serve the European market. Apr 16, 2025 JSW Steel has unveiled plans to invest between INR 50,000 and INR 60,000 crore over the next three to four years for the establishment of a […]
World’s Largest Single-Strand Mini Mill to Commence Steel Production by 2026
The facility will manufacture wire rod as an import substitute, helping Bangladesh to save around USD 250 million. It will also reduce the production cost per tonne of steel through the use of environment-friendly technology. Mar 17, 2025 Bashundhara Multi Steel Industries (BMSIL) has announced that the world’s largest single-strand mini mill, being established at […]
Renny Strips: Redefining Steel Excellence with Sustainable Manufacturing
Going by a combination of technological excellence, sustainability and superior quality, Renny Strips Private Limited (RSPL) continues to set new benchmarks in the steel and pipe manufacturing sector. Having production capacity of 300,000 MTPA, RSPL produces 90 percent of its raw materials in-house and operates a 22 MW solar energy plant, leading to reduction of […]
Naveen Jindal Bids USD 1 Billion to Acquire Italian Steelmaker Acciaierie d’Italia
Naveen Jindal aims to transform the traditional blast furnaces of Acciaierie d’Italia (ADI), having an annual steel production capacity of around 10 million tonnes, into energy-efficient electric arc furnaces, aligning with modern environmental standards. Feb 10, 2025 Chairman and promoter of Jindal Steel and Power Limited (JSPL), Mr. Naveen Jindal, has submitted a bid of […]
Government Incorporates 151 Steel Standards in Quality Control Order
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
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
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 […]
