JSW Steel rises 2% on gas supply worries HSBC raises Tata Steel target to ₹250 British Steel to supply 120,000 mt billet to Nigeria ₹3,200 crore Tata Steel EAF starts in Ludhiana
In order to meet growing domestic demand, India's largest refiner, Indian Oil Corp., declared in a statement that it collaborated with Panasonic Energy to establish a joint venture (JV) for the production of lithium-ion cells in India.
The agreement follows an initial understanding between the two companies on lithium-ion cells in January.
Lithium-ion batteries, which power electric vehicles (EV) and are used to store energy, are expected to play a major role in India's goal to be a net zero emitter of greenhouse gases by 2070.
The country is expected to see sales of more than 10 million EVs a year by 2030, according to an annual Economic Survey.
Also Read : SteelBazaar Insight: Global Coal Production Trends Signal Shift in Energy Strategy China and EU held technical talks on looming EV tariffs
Tata Steel reported a sharp turnaround in its December quarter performance, with consolidated profit...
Business 07-Feb-2026
JSW Steel and South Korea's POSCO have formalized plans to establish a mega steel plant in Odisha's...
Construction 03-Mar-2025
In a meeting of the India-US initiative on Critical and Emerging Technology (iCET) in New Delhi, l...
Business 18-Jun-2024
India’s steel demand is projected to grow by 9% in FY 2025–26, driven by robust infrastr...
India 14-Oct-2025
India's steel industry stands at a pivotal juncture as it navigates the complexities of global trade...
Business 17-May-2025
In April 2024, the private refiners Reliance Industries (RIL) and Rosneft-affiliated Nayara Energy b...
Oil & Gas 02-May-2024