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India's Construction Boom Fuels New Wave of Steel Investments as Capacity Expansion Gathers Momentum

Rising demand from infrastructure, housing, industrial development and manufacturing is encouraging steel producers to invest in new plants, modernisation and capacity expansions, positioning India for another major phase of industrial... Full Story

SAIL Signs MoU with Indonesian Firm to Explore Stainless Steel Manufacturing JV.

Steel Authority of India Limited (SAIL) and Indonesia-based PT Krakatau Steel have agreed to explore the possibility of setting up... Full Story

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JSW Rayalaseema Steel Project to Be Completed in Two Years, Says AP CM Naidu.

Andhra Pradesh Chief Minister N Chandrababu Naidu recently said the JSW Steel plant in Rayalaseema will begin production within the next... Full Story

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LATEST HEADLINES FROM MIDDLE EAST AND NORTH AFRICA

Association for Industrial Development Proposes New Steel Cluster in Gadchiroli.
The Association for Industrial Development (AID) has submitted a proposal to Chief Minister Devendra Fadnavis, advocating the establishment of a steel cluster in Gadchiroli district.... Full Story
Mukand Sumi to Invest ₹2,345 Crore in New Karnataka Steel Plant.
Mukand Sumi Special Steel Limited (MSSSL) has announced plans to construct a new greenfield integrated steel manufacturing facility in Kanakapura, Koppal, Karnataka, with a planned... Full Story
Cochin Shipyard Begins Green Tug Construction; Minister Sonowal Attends Steel Cutting Ceremony.
Cochin Shipyard has kicked off construction of two green tugs under the Ministry of Ports, Shipping & Waterways’ flagship Green Tug Transition Programme (GTTP), aimed... Full Story
Bhilai Steel Plant to Install 200-KW Solar Power Plant at Maitri Bagh Zoo.
Bhilai Steel Plant (BSP), part of Steel Authority of India (SAIL) in Chhattisgarh, is set to install a 200-KW elevated solar power plant at Maitri... Full Story
NMDC Reports 4.51 Million Tonnes of Iron Ore Production in November..
National Mineral Development Corporation (NMDC) reported a rise in its iron ore production for November, reaching 4.51 million tonnes, up from 3.83 million tonnes in... Full Story
Vibhor Steel Tubes Establishes Unit in Odisha to Expand Capacity to 3.41 Lakh Tonne
Vibhor Steel Tubes Ltd (VSTL) is venturing into new territory with the establishment of a new unit in Sundargarh, Odisha, aimed at bolstering its total... Full Story
Gadchiroli Welcomes Second Steel Unit with Rs. 10,000 Crore Investment
Surjagad Ispat Private Limited is set to invest Rs. 10,000 crore in establishing an integrated steel plant in the insurgency-affected Gadchiroli dist, announced Deputy Chief... Full Story
"Steel Ministry Set to Conclude SPEL Finalization Soon"
The Ministry of Steel is on the verge of concluding its Sectoral Plan for Efficient Logistics (SPEL), according to announcements made by the commerce ministry... Full Story