Budget 2025: Favourable Policy Measures Make Conducive Environment For Robust Growth of Steel Sector
Schemes such as allocation of INR 11.21 lakh crore for infrastructure, Maritime Development Fund, Urban Challenge Fund and National Manufacturing Mission will attract fresh investments in the steel sector, create significant employment opportunities and improve global competitiveness. Feb 12, 2025 The steel industry, which plays a crucial role in the development of the country, is […]
Jharkhand’s Steel Sector Receives INR 13,000 Crore Investment Proposals
Jharkhand’s steel sector to receive investment of approximately INR 13,000 crore, nearly half of Jharkhand’s INR 26,000 crore investment proposals during the Bengal Global Business Summit. Feb 10, 2025 The steel sector bags half of Jharkhand’s INR 26,000 crore investment proposals. During the Bengal Global Business Summit (BGBS) in Kolkata, the steel sector led the […]
SAIL Signs MoU with BHP to Accelerate Potential Path to Steel Decarbonization
The collaboration will explore strategies to reduce greenhouse gas emissions by the use of alternate reductants such as hydrogen and biochar in SAIL’s blast furnaces. It will also build local research and development capacity to support the transition of the Indian steel industry towards reduced carbon emissions, aligning with global climate goals. Oct 18, 2024 […]
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 […]
MPL Group: A Tale of Resilience, Innovation & Legacy
MPL Group is looking forward to becoming a preferred green steel pipes manufacturer at the global platform by expanding its product range in renewable energy, completing its 4.5MW solar rooftop orders, and planning to meet its 100 percent energy requirement through renewable sources by 2030. This information was divulged by Mr. Raj Kumar Agarwal, CMO, […]
Sambhv Steel: Where Everything is Possible
Sambhv Steel aims to become a global leader in the steel industry and one of the largest global pipe manufacturers by 2030. This was revealed by Mr. Vikas Kumar Goyal, Director, Sambhv Steel, during his interaction with Tube & Pipe India. Tube & Pipe India: Kindly walk us through the business journey of Sambhv Steel […]
IM Steel Pipes Sets Eyes on Global OEM Markets
IM Steel Pipes, formerly Inframat Alloys Private Limited, has redefined the standards of infrastructure in India with its extensive range of steel structurals. The company now plans to capture the global OEM market, while continuing its expertise in structural pipes. This was revealed by Mr. Vineet Chhabra, Executive Director, IM Group, during his interaction with […]
Vedanta Expects Divestment of Steel Assets by October
Vedanta Limited expects to monetize its steel and steel raw materials business in the first half of the current financial year, amid a focus on deleveraging and shoring up the cash flow of the company. Jun 30, 2024 Vedanta Limited expects to monetize its steel and steel raw materials business in the first half of […]
Government Issues Pilot Project Guidelines for Utilizing Green Hydrogen in Steel Sector
The INR 455 crore scheme aims at gradual substitution of fossil fuels with green hydrogen, encourages use of hydrogen in direct reduced ironmaking and blast furnace. Mar 28, 2024 The Government of India has come up with guidelines for undertaking pilot projects using green hydrogen in the steel sector. The guidelines, named ‘Scheme Guidelines for […]
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 […]
