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News
Engineering firm John Cockerill to move metal biz global HQ to Mumbai
10+ mon, 1+ week ago (175+ words) Multi-national engineering company John Cockerill is moving the global headquarters of its metals business to Mumbai. On Wednesday, the global CEO of the Belgium-headquartered company, François Michel, and other senior executives Vivek Bhide and François David Martino met Maharashtra Chief…...
Why India’s steel SMEs must prepare for CBAM
5+ mon, 1+ week ago (88+ words) Implications for steel SMEs Why SMEs are at a disadvantage At the same time, if exports to the EU contract, larger producers may redirect supply towards domestic markets, intensifying competition in already fragmented segments. Thus, SMEs could face pressure both…...
Jindal Steel commissions 5 MTPA blast furnace at Angul plant
11+ mon, 2+ week ago (127+ words) Jindal Steel’s Angul plant in Odisha. Jindal Steel on Friday announced the commissioning of a blast furnace of 5 million tonne per annum (MTPA) capacity at its Angul plant in Odisha as part of the ongoing over ₹20,000 crore expansion project.. The…...
Steel Exchange India secures ₹350 cr refinancing facility
11+ mon, 1+ week ago (252+ words) Steel Exchange India, a leading integrated steel manufacturer in South India, has refinanced its existing debt at a lower rate. The company has secured sanctions of ₹350 crore of refinancing facilities from a consortium of leading financial institutions including Kotak Mahindra…...
Tata Steel plans major expansion, backward integration
9+ mon, 2+ day ago (458+ words) Tata Steel has announced a slew of brownfield expansion and backward integration programmes to strengthen the long-term growth strategy in India. The company has signed a memorandum of understanding with Lloyd Metals & Energy (LMEL) to jointly set up a greenfield…...
European Commission chief Ursula von der Leyen arrives in India
7+ mon, 2+ week ago (771+ words) Von der Leyen, along with European Council President Antonio Luis Santos da Costa, will serve as chief guests at India's 77th Republic Day celebrations on Monday European Commission chief Ursula von der Leyen arrives in India Von der Leyen, along with…...
Jindal Steel becomes India's first diversified large enterprise recognised as an Awarding Body by NCVET
11+ mon, 2+ week ago (192+ words) Jindal Steel has set a new benchmark by becoming the country's first large, diversified enterprise and the first integrated steel manufacturer to be recognised as an Awarding Body by the National Council for Vocational Education and Training (NCVET). This milestone…...
FTA: India, EU yet to work out issues related to steel, auto, CBAM: Commerce Ministry
10+ mon, 2+ week ago (358+ words) India and the EU are yet to settle issues related to steel duties, market access for automobiles and the bloc’s carbon tax legislation and other regulations under the the proposed India-EU free trade agreement (FTA), said the Commerce Ministry. However,…...
Steel Exchange India raises ₹75 crore from IMR Group via convertible warrants
4+ mon, 3+ week ago (230+ words) Steel Exchange India Limited has received ₹75 crore from two entities of the Switzerland-headquartered IMR Group — India Coke and Power Private Limited and IMR Steel Private Limited — through subscription to convertible warrants under a preferential issue, the Visakhapatnam-based integrated steel maker…...
Jindal Steel commissions 3 MTPA basic oxygen furnace at Angul plant
11+ mon, 1+ week ago (196+ words) Jindal Steel’s manufacturing facility in Angul, Odisha Jindal Steel on Tuesday announced commissioning a basic oxygen furnace (BoF) of 3MTPA capacity as part of its ongoing over ₹20,000 crore expansion project at Angul in Odisha. With the installation of the new BoF,…...