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Tata Steel, which pipped four others to a definitive agreement for Usha Martin’s steel business, is eyeing synergies with its Jamshedpur facility. Usha Martin unit is located in Adityapur, which is near Jamshedpur. Deal would give Tata Steel an opportunity to consolidate its presence in iron ore and coal sector in Jharkhand and leverage its […]

Leading integrated steel manufacturer JSW Steel plans to push its manufacturing capacity at Vijayanagar plant in Karnataka to 18 million tons per annum (MTPA), entailing an investment of ₹7,500 crore, chairman and managing director Sajjan Jindal has said, elaborating that the plan is to take to the next step to 18 MTPA from 13 MTPA. […]

Yazdani Steel & Power plans to invest Rs.900 crore in steel manufacturing capacity expansion at Kalinganagar in Jajpur district of Odisha. Project once completed will take the overall steel manufacturing capacity from 0.05 million tpa to 0.35 million tpa. As per the latest developments shared with Projects Today, the promoter awaits necessary clearances for the […]

Tata Steel said today that the existing power purchase pact between Bhushan Steel,debt-laden company which it acquired and Bhushan Energy is in under discussion. Statement comes amid reports that Tata Steel has started the process of cancelling PPAs between Bhushan Steel and Bhushan Energy in a bid to cut costs. “Bhushan Steel has a contract […]

JSW Steel is planning to invest around Rs. 45,000 crore till FY21 apart from modernising and expanding capacities of its downstream businesses. Projects will further enhance our efficiencies and generate superior returns. Completion of these projects will take our overall capacity from 18 milliom tpa to 24.7 million tpa by March 2020. Company is looking […]

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 […]