India–US Trade Tensions Rise Over Steel and Auto Tariffs NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
The BC Jindal Group has announced plans to invest $1.7 billion in constructing a new greenfield steel facility, marking a significant expansion in India’s steel sector. The project underscores the group’s commitment to boosting domestic steelmaking capacity and meeting the rising demand across infrastructure, automotive, and industrial segments.
The facility will be designed with advanced technologies to enhance efficiency, sustainability, and product quality. It is expected to generate substantial employment opportunities during both construction and operational phases, further supporting regional economic growth.
This major investment also aligns with India’s National Steel Policy 2030, which targets a production capacity of 300 million tonnes. By establishing a modern greenfield plant, BC Jindal Group aims to strengthen its competitive position in the global steel market while contributing to the country’s infrastructure-led growth.
Industry analysts view this move as a positive signal of investor confidence in the Indian steel sector, especially at a time when demand continues to outpace supply.
Also Read : Centre sanctions over ₹6,621cr for frontier highway in Arunachal Pradesh Jalandhar : Steel bridge construction begins at Chakk Jidan village on highway
According to NTPC it will begin commercial operations of second unit of its North Karanpura Super Th...
Mid Corporate 18-Mar-2024
The Ministry of Coal issued Eastern Coalfields Limited (ECL) strategic guidance to begin an innovati...
Press Releases 24-Jun-2024
According to the power ministry, India met a record maximum power demand of 250 GW, due to a combina...
Energy 31-May-2024
Tata Steel has decided to stop operating the coke ovens at its Port Talbot plant in Wales, UK. The c...
Large Corporate 19-Mar-2024
Zoomcar and SPARKCARS have announced a collaboration aimed at introducing over 1,000 electric vehicl...
Mid Corporate 20-Feb-2024
In April 2024, the private refiners Reliance Industries (RIL) and Rosneft-affiliated Nayara Energy b...
Oil & Gas 02-May-2024