Maharashtra clears 937 hectares for Gadchiroli steel expansion Steel stock surges 29% in just two days Steel output rises 14% to 9.25 MT Infrastructure boom fuels India’s steel consumption
Jogindra Group’s planned ₹1,100 crore investment in Punjab marks a major expansion push across both steel manufacturing and renewable energy, underlining the state’s growing importance as an industrial and clean-energy destination. Of the total outlay, ₹700 crore is set to go into steel operations through units such as Jogindra Castings and Vardhman Adarsh, while ₹400 crore will be invested in renewable energy projects under Jogindra Green India.
The expansion is expected to significantly strengthen the group’s business scale, with turnover projected to rise from around ₹3,000 crore to ₹5,000 crore. Employment is also likely to see a sharp boost, increasing from about 1,800 to 3,000, while renewable energy capacity is planned to grow from 37 MW to 120 MW.
For the steel sector, the announcement is especially important because it reinforces Mandi Gobindgarh’s status as a key steel hub and highlights fresh momentum in regional industrial activity and modernisation. The investment also signals a broader trend in which steel companies are pairing capacity growth with cleaner energy adoption, helping improve competitiveness, support job creation, and align industrial expansion with long-term sustainability goals in Punjab.
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