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Steel Authority of India Ltd (SAIL) has launched smart garbage bins made of stainless steel. These smart garbage bins will be able to send a signal to the garbage collection vehicle about the ‘fill-up’ position of the bin, aiding better cleaning and lower human intervention. https://www.thehindubusinessline.com/todays-paper/tp-news/article26575243.ece

Domestic steel consumption is poised to grow at around 7% in FY 2019 and FY2020, ratings agency ICRA has said, led by the government’s thrust on infrastructure, affordable housing, power transmission and the Railways. This prompted the agency to give a stable outlook for the steel industry, in its year end assessment of the sector. […]

Tata Steel BSL, formerly known as Bhushan Steel, has raised Rs 12,000 crore to refinance a bridge loan, or stop-gap credit facility, availed to fund Tata Steel’s acquisition of the Delhi-based company in the insolvency resolution process. Axis Bank, HDFC Bank and Kotak Mahindra Bank are among the five lenders that loaned the refinancing funds. […]

Bhushan Steel has been renamed as Tata Steel BSL Ltd following an approval from the Centre for the change in its name, the steel maker said. Bhushan Steel Ltd has received approval from the Central Government for change in name to Tata Steel BSL Ltd on November 27, 2018, and a ‘certificate of incorporation pursuant […]

ArcelorMittal is planning to build a new iron and steel making facility at Paradip of 3-6 million tonnes per annum (mtpa) capacity. ArcelorMittal is part of the Luxembourg-headquartered company’s long-term plan to raise Essar Steel’s annual steelmaking capacity to 12-15 mtpa from 5.6 mtpa in two stages, with fresh capital infusion of Rs 8,000 crore […]

Jindal Stainless partnered with Research Designs & Standards Organisation (RDSO) in the third edition of InnoRail India 2018 here. Jindal Stainless is proud to partner their journey by expediting conversion of coaches into stainless steel and strengthening rail infrastructure at the same time.” Over the next 4-5 years, Railways plans to produce around 10,000 stainless […]

With sizeable footprint in the high-margin flat steel business, going ahead, Tata Steel, the country’s oldest steel producer, will be focusing more on its long products business. “Between the existing three plants, we have enough flat downstream capacity at present. In long products, however, we are a bit short with just about three million and […]

India’s two biggest private sector steel companies JSW Steel Ltd and Tata SteelLtd are banking on their diversified product mix to take on steel giant ArcelorMittal SA as it gears up to enter the country. In October, creditors of bankrupt Essar Steel India approved a 500 billion rupee ($6.9 billion) joint offer by ArcelorMittal and […]