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
JSW Steel Ltd's shares increased by 1.23% after the company reported its expansion plans. The Chief Minister of Odisha, Naveen Patnaik, laid the foundation for JSW Steel’s Mega Integrated Green Steel Manufacturing Complex in Paradip, Odisha. This project, proposed to be executed in multiple phases, entails an investment of approximately ₹65,000 crore by JSW Steel & JSW Group entities and is anticipated to produce around 30,000 direct and indirect jobs.
The integrated manufacturing complex will include an integrated steel manufacturing unit with a capacity of 13.2 MTPA, a captive power plant, captive jetties, a cement manufacturing unit, and a modern township. The company informed, it is envisioned as a world-class green technology steel manufacturing facility, adopting circular economy practices for cleanliness, greenery, and technology.
The project site, located at Dhinkia Nuagaon and Gadakujanga under Erasama Tehsil, Jagatsinghpur district, will span 2,958 acres. The Industrial Development Corporation of Odisha (IDCO) allocated 30% of the total project land for the preservation of forests and water bodies.
Also Read : JSW, Tata Steel, ACC, and JK Cement bid for coal mines in latest round of auctions Tata Steel March quarter profit fell by 65% on lower realisation
Nickel prices surged to their highest level in ten weeks as concerns about the escalation of US sanc...
Non-Ferrous 23-Feb-2024
India's production of critical minerals has increased significantly, with iron ore and limestone at...
Ferrous 01-Jul-2024
The Ministry of Coal has begun the monetisation process for Bharat Coking Coal Limited's (BBCL) 2-MT...
Ferrous 14-Mar-2024
India's Steel Ministry is looking to diversify its coking coal sourcing, with Russia and Mongolia hi...
Energy 03-Jul-2024
Anti-dumping duties on steel from Vietnam, Japan, South Korea. New tariffs to remain for 5 years....
Business 13-May-2025
US President Joe Biden launched a bundle of steep duties increases on an array of Chinese imports in...
US 14-May-2024