Breaking News

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

Maharashtra will contribute 30% of India's total steel production in coming days

571796_1721302255_small.png
Business 18 Jul 2024 05:00 PM IST ANI
Maharastra's Gadchiroli will produce 30% of the country's total steel production in the next coming days, stated  Deputy Chief Minister Devendra Fadnavis.
 
"We completed the 'Bhoomi Pujan' of the Surjagad integrated steel plant in Gadchiroli with a ₹10,000 crore investment. The locals and tribal members will gain a great deal as a result. It will generate about 8 million tonnes of steel. Additionally, 35 thousand investments and twenty thousand jobs are being created in Chamorshi. Furthermore, Gadchiroli will generate 30% of the nation's steel production once all these projects are finished."
 
Earlier, in a bid to capitalise on the growth opportunity available in India, Tata Steel said it has sufficient manufacturing sites available to double its manufacturing capacity. The steelmaker currently produces 21 million tonnes per annum (MTPA) in India, and doubling it could take it to around 40 MTPA. In India, Tata Steel largely operates in Jamshedpur and Gamharia in Jharkhand, as well as in Kalinganagar and Meramandali in Odisha.

Also Read : Trump’s Steel and Aluminium Tariffs: Impact on Indian Markets Malaysia Renews Anti-Dumping Duties on Chinese, Japanese Iron and Steel Imports

Related News

693784_1705987094_small.jpeg

JSW Group unveils $5 bn investment blueprint for EV projects in eastern India

JSW Group is gearing up for a substantial investment of $5 billion in electric vehicle (EV) projects...

Large Corporate 23-Jan-2024
951801_1744189093_small.jpg

India Logs Net Steel Imports in FY25, Raising Industry Concerns

India remained a net steel importer for FY 2024-25, with imports exceeding exports by 0.4 MT. Key i...

Business 09-Apr-2025
820137_1710739269_small.png

Coal PSUs Must Plan Pithead-Brd Thermal Projects: Coal Secretary

The Coal Ministry has instructed Coal India Ltd and NLC India Ltd to pursue pithead-brd thermal proj...

Notification 18-Mar-2024
553770_1719301102_small.jpg

Indian imports of Russian coal decline, US shipments rise

Indian imports of Russian coal have decreased while US shipments have surged in the three months end...

Ferrous 25-Jun-2024
538294_1710482366_small.png

SC reserves its ruling on whether royalty payable on minerals is taxable

The Supreme Court reserved its decision on Thursday on the highly contentious issue of whether the r...

Taxation 15-Mar-2024
864197_1761635539_small.png

JSW Steel Strengthens Raw Material Security with New Mining Assets

JSW Steel is expanding its portfolio of iron ore and coking coal assets to secure long-term raw mate...

Large Corporate 28-Oct-2025