India steel industry
Baldota Group to Invest ₹54,000 Crore in Karnataka for Integrated Steel Plant
Karnataka-based Baldota Group announced a massive investment of ₹54,000 crores in setting up an integrated steel plant in Koppal. The company, functioning under...
ArcelorMittal Registers 56% EBITDA Decline Following Pressure on Prices
ArcelorMittal/Nippon Steel India, the Indian arm of London-based steel behemoth ArcelorMittal, experienced a sliding-down scenario for its EBITDA to more than halve to...
Rs 20,000-Crore Expansion Plan for Bokaro Steel Plant Announced
The ambitious Rs 20,000 crore expansion plan has been unveiled for Bokaro Steel Plant, Union Minister H.D. Kumaraswamy announced. At the Steel Authority...
AM/NS India to Make Car Makers Independent on Steel Imports
ArcelorMittal-Nippon Steel joint venture, AM/NS India, is planning to force carmakers to stop importing steel by March 2025. “We will commission a new...
India’s Steel Sector is at its Critical Juncture with China’s Imports Going on the Rise
The Indian steel sector is reaching a critical juncture of intense pressure caused by the onslaught of rising imports, mainly targeting small and...
SAIL, John Cockerill India to Invest ₹6,000 Crore in Green Steel Plant
This is a boost to the steel industry of India. The whole investment in the project will come out to around ₹6,000 crore....
Tata Steel and JSW Steel Grapple with Shrinking Cash Reserves Amid Industry Challenges
The two largest steelmakers in India are swiftly burning holes in their pockets. Analysts, therefore, get worried about servicing debt and financing big...
India’s Green Steel Taxonomy to Drive Decarbonization in the Steel Industry
Experts announced that India’s green steel taxonomy delineated by the Ministry of Steel on December 31, is viewed as attempting to kick off...
India’s Ministry of Steel to Revamp PLI Scheme for Specialty Steel
India’s Ministry of Steel is revising the Production-Linked Incentive (PLI) scheme to revitalize the prospect of the specialty steel sector and further streamline...
GST Penalty of ₹64.47 Crore Imposed on JSW Steel for Mining Rights Payments
JSW Steel Ltd. has been fined ₹64.47 crore by the Office of the Commissioner of GST and Central Excise, Belagavi Division. The penalty...
