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L&T to own 100% of LTSSHF; to buy NPCIL stake
A delay in equity infusion by the promoters, led to the net worth of LTSSHF to fall to negative Rs 25.73 billion as of March 31, 2023.Read more
Synergy Steels clinches Award for Best Environment & Pollution Control Practices, 2023
Synergy Steels has implemented a holistic strategy to fortify sustainability across its manufacturing procedures and supply systems – achieving the highly esteemed recognition in environmental stewardship.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
Synergy Steels takes a lead in quality and innovation in stainless steel
Synergy Steels exports have increased from Rs 61 crores in 2018-19 to Rs 480 crores in the current year. Read more
Alleima inaugurates a new production facility at Mehsana Mill in Gujarat
Alleima inaugurated a new hydraulic and instrumentation tubing manufacturing facility at Mehsana Mill in Gujarat on March 15. Another investment made by the company in Heat Exchanger (HX) cold finish Tube Capacity, will be fully completed and operational in 2023.Read more
Uttam Galva Metallics commissions blast furnace at Wardha steel Complex
The new blast furnace has a capacity of 700,000 MT of hot metal per annum, which will largely be utilised to supply the hot metal and pig iron requirements at the adjacent steelmaking facilities of Uttam Value Steels. Read more
Industry can now expect a turnaround
Playing an important role in import substitution, Super Forgings & Steels Ltd (SFSL) has specialised in production of high-value and higher grades tool & die steels creating a niche for itself. In this interview, Piyush Modi, Director, Super Forgings & Steels Ltd, offers insight into the market and shares the company’s future plans. Read more
Super Forgings building reputation with technology and quality
There are success stories galore and although each is distinct, there's one common thread: the very desire to succeed. Here's one which has more than just that—a steely resolve.Read more
Siemens to deliver digitalised switchgears to three Indian steel makers
The three steel manufacturers – Icon, Geetai and Gajkesari – are from Jalna MIDC belt, Maharashtra. They will be equipped with 11 bays of state-of-the-art 132 kilovolts Gas Insulated Switchgears (GIS).Read more
Japan’s Aichi Steel picks 11.4% stake in Vardhman Special Steels
Through this cooperation Vardhman Special Steels will be capable of supplying steel for critical and special applications for automotive industryRead more