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JSW Steel plans Rs. 20,000-crore capex in FY24 for capacity expansion: Rao.

JSW Steel is pegging its capital expenditure (capex) for FY24 at Rs. 20,000 crore as it plans to add 9 million tonnes (mt) to its current capacity. The capex is part... Full Story

JSW Steel to raise ECA credit for ₹15,000 cr expansion at Vijayanagar plant.

JSW Steel to raise a major chunk of ₹15,000 crore funding for 5 mtpa Vijaynagar expansion at a concessional rate from... Full Story

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Tata Steel to invest ₹1,000 cr in Neelanchal Ispat.

Tata Steel plans to spend about ₹1,000 crore for enhancing Neelanchal Ispat Nigam capacity to 5 million tonne per annum... Full Story

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LATEST HEADLINES FROM MIDDLE EAST AND NORTH AFRICA

Arjas Steel to invest 610 cr in ramping up capacities at 2 units.
Andhra Pradesh based steel maker Arjas Steel Private Limited (ASPL), formerly known as Gerdau Steel India Pvt Limited, is investing 610 crore on expanding capacities from 4 lakh tonnes... Full Story
RINL supplies 1,800 tonnes of structural steel for AMNS expansion project.
Visakhapatnam-based RINL has supplied 1,800 tonnes of structural steel to AMNS India for its expansion project in Hazira, Gujarat. On October 28, the Gujarat-based steel maker AMNS India kicked off the Rs. 60,000-crore... Full Story
Baldota Group to invest Rs. 18,000 crore to build 3.5 MTPA steel plant in Koppal.
Aaress Iron and Steel, a subsidiary of the Vijayanagar-based Baldota Group, has proposed to set up and operate an integrated steel plant of 3.5 million tonnes per annum... Full Story
Gujarat: PM Modi to virtually attend 'bhoomi pujan' of ArcelorMittal Nippon Steel's Hazira plant expansion.
Prime Minister Narendra Modi will virtually attend the 'bhoomi pujan' of the expansion project of steel major ArcelorMittal Nippon Steel India's flagship plant at Hazira in Gujarat's Surat district, officials said. ArcelorMittal... Full Story
Hindustan Copper to ramp up copper output to 12.2 MTPA by FY29.
State-owned Hindustan Copper Ltd. (HCL) is considering increasing its copper ore production to 12.2 million tonnes per annum by FY29 in its first phase of expansion. The... Full Story
NMDC’s Chhattisgarh steel plant to be operational in September.
State-run NMDC’s three million tonne per annum (mtpa) greenfield steel plant at Nagarnar in Chhattisgarh is likely to be commissioned towards the end of September,... Full Story
Tata Steel to set up mini steel recyling plants.
Tata Steel will set up small-sized factories to make reinforced steel from scrapped automobiles and other products, a top official of the company said. The company... Full Story
Shyam Metalics announces capacity expansion in steel products.
Shyam Metalics and Energy recently announced a 20% increase in total installed capacity for sponge iron products as outlined in the capex plans for financial... Full Story