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Bhubaneswar, Aug 19 (PTI) Odisha Chief Minister Mohan Charan Majhi on Monday said that South Korean steel major POSCO is all set to establish a 6 MTPA green field project in the state's mineral-rich Keonjhar district in a joint venture with the JSW Group. Welcoming the return of POSCO to the state, Mjahi said the JSW CEO met him during the day and confirmed that their plant will be set up in Keonjhar, the CM's home district. In 2005, POSCO signed an MoU with the Odisha government to set up a s ...Read More >
Mumbai/Bangalore: South Korean steelmaker POSCO Holdings and JSW Steel Ltd intend to spend ₹70,000-80,000 crore ($8-9 billion) to set up a 6 million tonne per annum steel plant possibly in Odisha, two executives said. A 900-acre land that JSW Steel purchased in Odisha during the April-June quarter could be used for the project, they said, declining to be identified. JSW Steel chief executive Jayant Acharya had said earlier that no project had been finalised for the land. "This (the land) is c ...Read More >
Investing.com -- India has imposed anti-dumping duty on certain steel shipments from Vietnam, according to a Wednesday notification from the Ministry of Commerce and Industry. The duty targets hot-rolled flat products of alloy or non-alloy steel from the Southeast Asian nation. This action follows a year-long investigation that began in August 2024, which examined potential threats and injury to India's domestic steel sector. "Domestic steel industry has suffered injury as a result of dumped i ...Read More >
BHUBANESWAR: Chief Minister Mohan Charan Majhi on Sunday asserted that the proposed mega steel plant in Keonjhar district was very much on track and the project has progressed two steps ahead. On a two-day visit to his home district, the chief minister took a comprehensive review of major industrial, infrastructure and development projects including the mega steel plant proposed to be set up jointly by JSW and POSCO with an investment of around Rs 40,000 crore in Patna area. He took stock of t ...Read More >
Bhubaneswar: Chief Minister Mohan Charan Majhi on Sunday announced that land acquisition for a proposed mega steel plant in Keonjhar district will commence shortly, with the company involved having already deposited the required funds. The project, a joint venture between the JSW Group and South Korean steel major POSCO, will involve an investment of over Rs 40,000 crore. The plant is expected to have an initial capacity of 5 million tonnes per annum (MTPA). "The process is in an advanced stag ...Read More >
London/New Delhi, Jul 14 (PTI) Tata Group Chairman N Chandrasekaran on Monday held the ground-breaking ceremony at Port Talbot in the UK to kickstart the construction of a GBP 1.25 billion green steel project to cut down carbon emissions by 90 per cent at the site. The company is transitioning from the blast furnace route to the low-emission electric arc furnace process, which will utilise the locally available scrap. "Tata Steel UK today celebrates a historic milestone in its green transforma ...Read More >
New Delhi: Jindal Steel Duqm, a part of Naveen Jindal Group, aims to start operations at its upcoming 5 million tonnes per annum (MTPA) hydrogen-enabled green steel complex at the Special Economic Zone in Duqm (SEZAD) in Oman by 2028, a company executive said. The plant is being developed in two phases at a total investment of approximately USD 3 billion (around Rs25,000 crore), the official said. Designed to be one of the world's most advanced hydrogen-ready steel facilities, it will initiall ...Read More >
Jindal (India) Ltd on Monday said the company has received a letter of approval from the Odisha government for its proposed greenfield project in the state to be set up with an investment of ₹3,600 crore. The company plans to invest ₹15,000 crore in three phases in Odisha by 2030, it said in a statement. "Jindal (India) Limited gets High-Level Clearance Authority (HLCA) approval for ₹3,600 crore steel plant in Odisha," the statement said. The company's facility will focus on manufacturing spe ...Read More >
New Delhi, Jul 2 (PTI) Tata Steel is confident of completing its transition to green steel manufacturing in the UK and Netherlands as per schedule, the company's Chairman N Chandrasekaran said on Wednesday. He made the remarks while addressing the shareholders at the company's 118th Annual General Meeting (AGM). Also Read | Iran's President Masoud Pezeshkian Approves Law to Suspend Cooperation With IAEA Following Israel, US Strikes. "...we remain confident that the transition to green steel m ...Read More >
Bengaluru - In what is being hailed as the largest industrial transformation in Dutch history, Tata Steel Nederland has submitted its Environmental Impact Assessment (EIA) to the Province of North Holland - marking a major milestone in its ambitious Green Steel plan. The comprehensive report lays bare the environmental and health implications of Tata's plans to overhaul its steel production at the Ijmuiden site. The new steel plant, which will operate using natural gas and green electricity ins ...Read More >
Jamshedpur: Tata Steel Nederland (TSN) has submitted its Environment Impact Assessment (EIA) to the province of North Holland. The report lays bare the environmental and health implications of the Steel Major's plans to overhaul its steel production at the Ijmuiden site. "The new steel plant, which will operate using natural gas and green electricity instead of coal, is expected to slash CO₂ emissions by 5 million tonnes," the company said in a press release on Monday.With future integration of ...Read More >
New Delhi, Jun 30 (PTI) Jindal Steel on Monday announced commissioning of its first galvanizing line at Angul plant to cater to various industries including appliances, automotive, infrastructure, and construction with increased supply of coated products. The coated galvanizing line 1 (CGL 1) has been installed as part of the ongoing multicrore investment plan at the company's steel manufacturing facility at Angul in Odisha. "The new line will produce galvanised and galvalume products under th ...Read More >
Bhubaneswar: The state govt on Tuesday received investment intent worth Rs 4.5 lakh crore on the first day of Utkarsh Odisha-Make in Odisha Conclave 2025, and given the massive response the event has generated, chief minister Mohan Charan Majhi feels they could see proposals worth four times than the target of Rs 5 lakh crore that had been set in the run-up to the business summit. "The investment proposals are likely to take a big leap as the investors are highly encouraged by the PM's assuranc ...Read More >
Andhra Pradesh CM N. Chandrababu Naidu announced a Rs1.4 lakh crore investment by ArcelorMittal/Nippon Steel for a 17.8-million-ton integrated steel project in Anakapalli at the WEF in Davos. Ministers Nara Lokesh and T.G. Bharat highlighted the state's investment-friendly ecosystem and proposed additional projects in petrochemicals and solar cell manufacturing, receiving positive responses from Lakshmi Mittal.Andhra Pradesh Chief Minister N. Chandrababu Naidu announced a landmark Rs1.4 lakh cro ...Read More >
Tata Steel is bolstering its iron ore supply for its planned 40 MTPA steel production by 2030. With four mine leases expiring in 2030, the company is operationalizing two new mines and negotiating with NMDC and OMC for additional ore. These strategies aim to secure the over 60 MT of iron ore required for the expanded steel capacity.Tata Steel has initiated discussions with state-run miners NMDC and Odisha Mining Corporation (OMC) to secure future iron ore supplies as the company ramps up its dom ...Read More >
Chennai: The capacity utilisation of the domestic steel industry is set to drop to 78 per cent for the first time in four years. In order to check unprecedented imports, the government is considering imposing a 25 per cent duty on steel imports. Cheaper imports from China and countries under Free Trade Agreement along with ongoing capacity addition can lead to capacity utilisation of domestic steel mills dropping from 85 per cent in FY2024 to an estimated 78 per cent in the current fiscal, the ...Read More >
New Delhi, Dec 12 (PTI) The government on Thursday came out with the definition of green steel and asked the industry to take measures to bring down carbon emissions below the level of 2.2 tonnes on per tonne of finished products. Union Steel Minister H D Kumaraswamy also released a 'taxonomy on green steel' with parameters for giving star ratings on products based on the amount of carbon dioxide (CO2) emitted during the production process. The steel industry has been the backbone of India's in ...Read More >
New Delhi: The Centre is working on green steel mandates for the local steel industry, supported by government procurement and financial incentives, as the world's second-largest maker of the alloy works to prepare the sector for the future. The upcoming National Green Steel Mission is likely to mandate steelmakers to make a fixed share of their overall output green, the people cited above said on the condition of anonymity. The government will also support green steel with a public procurement ...Read More >
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