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India navigates green steel transition amidst European scrutiny

This move is anticipated to impact Indian steel exporters, particularly those reliant on environmentally damaging coking coal for furnace operation.Read more

ArcelorMittal Nippon Steel India invests Rs 100 cr in scrap centres to boost sustainability

Company is poised to establish three dedicated scrap-processing centres in Gujarat and Maharashtra, as leading steel companies in India anticipate challenges in meeting their scrap requirements through imports.Read more

SIAM Automotive Sourcing Conclave Focuses on Building a Resilient Supply Chain

SIAM organises Automotive Sourcing Conclave where industry experts and leaders came together to address challenges in the Supply Chain.Read more

Sweden’s Alleima opens expanded heat exchanger tube facility in Mehsana

Built with a total investment of SEK 180 million (approximately Rs 143 crore) between 2019-2023, the new facility will enhance capabilities to produce advanced alloys for making heat exchanger tubes, which are used for critical applications in the chemical, petrochemical and renewable energy segments.Read more

EPIC signs contract for manufacturing and supply of large diameter steel pipes with Saudi Aramco

Welspun Corp has announced that its associate company, East Pipes Integrated Company for Industry (EPIC) in the Kingdom of Saudi Arabia (KSA) has signed a contract for the manufacturing and supply of large diameter steel pipes with Saudi Aramco.Read more

Induction furnace owners seek GST protection amid complex SC challenges

Represented by the All India Induction Furnaces Association (AIIFA), the owners highlighted that locally sold scrap often lacks the necessary GST framework requirements or compliance, making it challenging to claim input tax credits.Read more

Tube Investments of India to invest Rs 211 cr in Greenfield Steel Tube Facility near Pune

The project, slated for completion in the fiscal year 2025, will be primarily financed through internal funds.Read more

Tata Group breaks ground on Punjab Steel Plant, pioneering recycling innovation

This venture, spearheaded by the esteemed Tata Group, entails an investment of Rs 2,600 crore and is poised to create 2,500 employment opportunities within the state.Read more

SMEL expands metal empire with Mittal Corp acquisition and bold growth plans

This strategic move involved the establishment of two cutting-edge manufacturing facilities, namely Unit I and Unit II, located in the state of Madhya Pradesh.Read more

India's Steel, Cement industries face Rs 47 tn challenge for Net-Zero emissions

According to a recent report by the Council on Energy, Environment, and Water (CEEW), India's existing steel and cement plants must invest Rs 47 trillion in additional capital expenditure to achieve net-zero carbon emissions.Read more

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