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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

Indian Steel Association urges govt action amid surge in Chinese imports

Alok Sahay, the secretary general of the group representing India's steel producers, emphasised the need for systemic changes.Read more

SAIL RSP enhances material transport fleet with Advanced BOXNHS wagons

Traffic and Raw Material (T&RM) department of SAIL's Rourkela Steel Plant (RSP) welcomed the induction of two BOXNHS wagons on October 9, 2023.Read more

AIFI to host ForgeTech 2023 in Pune for Indian forging industry

Baba Kalyani, MD, Bharat Forge, will be presenting the keynote address at the event, which will be organised by the Association of Indian Forging Industry (AIFI) from Nov 3-5, 2023.Read more

Tata Steel navigates short-term gas transition, aims to reduce carbon emission

The company is working on initiatives such as carbon capture and utilisation, hydrogen-based steelmaking, increased use of renewable energy, and incorporating more scrap in steel production.Read more

Jindal Steel & Power set to become India's largest single-location steel manufacturing facility

The steel plant in Raigarh will also undergo an expansion of up to 9.6 MTPA from the current 3.6 MTPA, the company said in a statement.Read more

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