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
India’s coal sector investment is predicted to surge by almost 10% YoY to around $15 billion, or roughly ₹1.25-lakh crore, in the current calendar year as the country gets ready to meet demand due to increasing electricity consumption and expanding industrial base.
The International Energy Agency (IEA) predicts, investments in the coal industry by the world’s second largest producer and consumer has been growing consistently since 2021 with the annual rate of growth in investments expected to double in 2024 compared to 2023.
The agency in its world energy investment report 2024 anticipates that efforts by the world’s third largest energy consumer to ramp up coal production will fall short of meeting the demand for the critical commodity with reliance on imports increasing.
Aided by an expanding industrial and commercial base, as well as growing electricity consumption, which is appreciating at about 10% annually, India’s appetite for coal has risen substantially in the past decade.
Also Read : Arcelor Mittal to establish single largest steel site in Hazira: Laksmi Mittal JSW Steel commissions hot strip mill with 5 MT capacity at Karnataka plant
The upcoming Wadsa–Armori rail line is expected to play a crucial role in transforming Gadchir...
Business 04-Apr-2026
Jindal Steel has significantly expanded its value-added steel capabilities by increasing its heat tr...
Construction 16-Dec-2025
The Government of India has constituted an advisory committee to initiate reforms aimed at increasin...
India 06-Sep-2025
Fives has secured a major order from China’s Yongfeng Group to design and supply three a...
China 12-Mar-2026
Steel pipes and tubes manufacturer Vibhor Steel Tubes has collected nearly ₹22 crore from anchor inv...
Business 13-Feb-2024
China will continue regulating steel production in 2024. The National Development and Reform Commiss...
China 04-Apr-2024