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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 >
New Delhi [India], June 27: Poonawalla Engineering Group, part of the Poonawalla Group, has been through a remarkable transformation as a result of Yohan Poonawalla's dynamic leadership. The group, which consists of Intervalve Poonawalla Ltd and El-O-Matic India Pvt Ltd, have expanded their global presence by manufacturing various types of valves such as: Ball, gate, globe valves and dual-plate check valves, in addition to Scotch-yoke actuators. These goods have applications in numerous heavy i ...Read More >
New Delhi, Jun 8 (PTI) Homegrown Tata Steel is expecting to start the construction of its low-carbon EAF-based steel making project in the UK from July 2025 and commence operations by 2027, top company officials said. The company has received necessary approvals for its USD 1.5 billion project at Port Talbot, Tata Steel CEO & MD T V Narendran, and ED & CFO Koushik Chatterjee said in the company's annual report for FY2024-25. "We are now transitioning to decarbonised and state-of-the-art EAF-ba ...Read More >
New Delhi [India], June 5 (ANI): thyssenkrupp Marine Systems, one of the world's leading enterprises in the naval industry, is celebrating the start of a new phase in the company's development with the launch of a new brand. From now on, it will operate under the new brand name TKMS and the new claim 'Your Maritime Powerhouse'. According to a company release, the new name and the new brand represent an important milestone along the path to the independent positioning of TKMS. The rebranding of ...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 [India], December 12 (ANI): Union Minister for Steel and Heavy Industries, HD Kumaraswamy, launched India's Green Steel Taxonomy at Vigyan Bhavan on Thursday. This landmark framework aims to revolutionize the steel industry by decarbonizing production processes and promoting environmentally responsible practices. The initiative signifies a major step toward aligning one of India's most vital industries with global sustainability goals. The event witnessed the presence of prominent di ...Read More >
New Delhi: The Centre on Monday discussed imposing a safeguard duty on steel to protect against cheap imports, steel overcapacity in China and the impact on India if the incoming Trump administration places curbs on steel imports or levies tariffs on the alloy, as well as the issue of stuck steel consignments at ports. The issues were taken up at a meeting between Commerce and Industry Minister Piyush Goyal and Steel and Heavy Industries Minister H D Kumaraswamy. Officials said the steel minis ...Read More >
Hit by economic slowdown and poor infrastructure, industrialists from Jharkhand's key industrial districts -- East Singhbhum, West Singhbhum, and Seraikela-Kharsawan -- are looking to the newly formed state government for revival and support. The industrial zones of Adityapur, Gamharia, Kandra, and Chandil have been grappling with inadequate infrastructure, including poorly maintained roads, lack of bridges, erratic water supply, and unreliable power. Entrepreneurs in these regions hope the new ...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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