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
West Bengal Chief Minister Mamata Banerjee on Tuesday virtually inaugurated Shyam Steel's ₹1,500-crore integrated plant in Purulia district.
This is the fourth facility of the company in the state with three others located in Durgapur and Bankura. Spread over an area of 600 acres, the new steel plant at Raghunathpur will have a capacity of 1.19 million tonne, Shyam Steel director Lalit Beriwala said.
The expansion will result in a consolidated capacity of 4.03 million tonne per annum (MTPA), including finished steel of 1.36 MTPA, he said.
With a current turnover of ₹6,000 crore, Shyam Steel aims at strengthening its position in the steel industry, the official said.
The group was looking for ₹9,000-10,000 crore turnover over the next 2-3 years on the back of an infrastructure push by the government.
The new steel facility will enable the company to produce high-quality steel products, catering to the growing demand of domestic and international markets, he added.
Also Read : India May Reconsider Scotch Whisky Tariff Cuts Over UK Steel Restrictions India to become 3rd largest market for utility-scale batteries by 2030: IEA
1️⃣ Jindal Stainless' ₹40,000 Cr investment will boost domestic stainless steel capacity.2️⃣ The pla...
Business 28-Mar-2025
Turkey’s Sarıtaş Stainless Steel has placed a major equipment order with Austria-based A...
Asia 15-May-2026
Union Minister Jyotiraditya M Scindia will launch Jindal Stainless Ltd's (JSL) first green hydrogen...
Large Corporate 26-Feb-2024
JSW targets Mongolian coal to diversify sources.Logistical challenges may&n...
Business 31-May-2025
India is stepping up its green steel agenda as the government pushes for cleaner, lower-emissi...
India 11-Mar-2026
JSW Steel shares touched a fresh record high of ₹1,263.85 on February 12, 2026, keeping the stock fi...
Business 12-Feb-2026