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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
Steelbird India invests Rs 250 cr in new helmet manufacturing plant
The Company aims to meet the increasing demand for helmets and enhance its production capacity with the facility to be established in Hosur, Tamil Nadu.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
China imposes export permits on graphite amid global supply chain concerns
This move is part of China's strategy to regulate the supply of critical minerals, particularly in the face of challenges to its manufacturing dominance.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
