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JSW Steel, flagship company of JSW Group is planning to pour Rs 7,500 crore until March 2020. Investment will be utilised towards production capacity at its Vijayanagar facility in Karnataka. Capacity will be augmented to 13 million tpa. The plant currently has a 12 million tpa capacity. JSW Steel is currently undertaking the project to […]

Sajjan is clear that there is a neat relationship between steel & automobiles, he says that will make a completely contemporary vehicle, in keeping with consumers’ aspirations, not like Nano. But they finished last,” says Sajjan Jindal, chairman and managing director of the JSW Group of companies, when I mention the Delhi Daredevils of the […]

Tata-Thyssenkrupp deal is potentially capable of delivering the largest synergies to the tune of 400-600 million euros. Proposed merger between Tata Steel Europe and Thyssenkrupp of Germany, forming an equal joint venture, is likely to consolidate the European steel sector and may lead to lower costs over time,. Last September, Thyssenkrupp AG and Tata Steel […]

Central government has set aside Rs.200 crore for an innovation fund to increase domestic steel production. Target is to increase steel capacity to 300 tonne by 2030 from the current levels of 160-170 tpa. Ministry of Steel has further decided to boost the Micro, Small and Medium Enterprises industry by using steel produced by them […]

JSW Steel, part of the $12 billion JSW Group, today announced it will invest Rs.9,715 crore over the next 3 years in significantly ramping up capacity, including 2 power plants, pellet project and coke over plants. Announcement was part of a statement made by the company on its fourth quarter performance. The firm reported a […]

EU antitrust watchdog decided to clear Arcelor’s offer on Tuesday, after seeking feedback from rivals and customers on the concessions. World’s largest steelmaker ArcelorMittal has hired Bank of America-Merrill Lynch to sell a number of its steel assets to secure antitrust clearance to acquire Italian peer Ilva. ArcelorMittal offered in March to sell its galvanized […]

An aggregator of steel with an online platform, Steeloncall Services India has decided to invest Rs.200 crore on setting up a chain of warehouses across India and the first of the warehouses, planned near Amaravati, Andhra Pradesh. Company‘s e-commerce platform has recently signed a memorandum of understanding with Andhra Pradesh to set up a warehouse […]

Vedanta has bid Rs.53.2 billion for Electrosteel Steels, one of 12 cases on the Reserve Bank of India’s list of defaulting companies. Tata Steel, which is 2nd highest bidder for Electrosteel, has offered Rs 20 billion less. Figures were disclosed during a hearing before the Kolkata bench of the National Company Law Tribunal (NCLT). Total […]

India has asked the United States to exempt it from higher tariffs on steel an aluminium, saying Indian exports of the two products did not pose a security threat to America, 3 government officials said. Last week, USA President Donald Trump suspended tariffs for Argentina, Australia, Brazil, South Korea, Canada, Mexico and the European Union, […]

Tata Steel is planning to pump around Rs 15 billion for development of infrastructure at Gopalpur Special Economic Zone and industrial park in Odisha. Investment will be made in a phased manner. SEZ and park is spread over 2,600 acre of land parcel, of which 1,235 acre is dedicated for SEZ. In the initial phase, […]