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
Shyam Metalics & Energy revealed its bold move into a greenfield growth project centred on aluminium flat-rolled products, with a capital expenditure of ₹450 cr. The Group intends to invest ₹450 crore in the same. The investment is intended to increase the company's capacity while simultaneously creating 1000 direct and indirect jobs. It will enhance the production of aluminium flat rolled goods to bridge the demand and supply imbalance, making the Shyam Metalics group self-sufficient in raw materials for the aluminium foil industry. The plant will be set up in Odisha.
With an annual capacity of 60,000 metric tons per year (KTPA) for flat-rolled goods, this development represents a significant step towards sustainable manufacturing and helping India's growing EV sector.
Also Read : RINL inks pact with NTPC Ltd to supply limestone for new revenue stream Rane (Madras) to establish new facility in Mexico
The Central Government has identified copper as one of the 30 critical minerals, prompting policy in...
Press Releases 05-Feb-2024
Jindal Steel & Power has significantly strengthened its manufacturing base by tripling its heat-...
Construction 12-Dec-2025
The government of Maharashtra's Department of Industry, Energy, Labour, and Mining has sent a letter...
Mid Corporate 27-Mar-2024
Shares plummeted more than 5% after it revealed plans to slash approximately 490 positions, followin...
Ferrous 20-Feb-2024
According to Rio Tinto Chairman Dominic Barton, low rates of investment in the global mining sector...
Raw Material 16-Apr-2024
Domestic sponge iron manufacturers are concerned that a persistent iron ore shortage may force the c...
Ferrous 12-Mar-2024