Gadchiroli pitched as Maharashtra’s future green steel hub India set to drive next global steel demand wave Italy crude steel output rises 3.1% in May Green steel progress remains slow worldwide
Maruti Steel Limited (MSL), an Indian manufacturer of steel pipes and tubes, would invest an estimated $24 million to expand its existing mill in the southern state of Andhra Pradesh, according to company sources.
They stated that the increased investment will increase the capacity for electric resistance welded (ERW) steel pipe production by 600,000 metric tonnes per annum (MTPA).
The company also intends to generate additional capital through the public offering of shares to finance the construction of new steel mills in northern India and Odisha in the east that will produce galvanised pipes, galvanised hot dip iron, and galvalume pipes.
Also Read : Tata Steel sees ₹51.44 crore block deal on NSE Adani Power & Jindal Power eye Hiranmaye Energy in corporate insolvency race
The International Energy Agency (IEA) stated that India, the third-largest oil importer and consumer...
Oil & Gas 12-Jun-2024
Saudi Steel Pipe Co. has signed a contract with Saudi Aramco to supply oil and gas steel pipes...
Asia 01-Jun-2026
The Indian government has strengthened its steel procurement policy to prioritize domestic manufactu...
Business 03-Apr-2025
Over the next decade, growing activity in the electric car, power infrastructure, artificial intelli...
Non-Ferrous 22-Apr-2024
Rio Tinto Ltd (RIO.AX) has recently made an important move towards renewable energy. The company has...
Australia 21-Feb-2024
The European Parliament's International Trade Committee (INTA) has approved the draft report on prop...
Europe 28-Jan-2026