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
Tata Steel Nederland has signed a letter of intent with the Dutch government for an investment of up to €6.5 billion ($7.6 billion) to slash emissions at its IJmuiden steel plant.
The initiative, supported by up to €2 billion in state funding and a potential €300 million from the EU Innovation Fund, aims to reduce CO₂ emissions by more than 40% and curb toxic pollutants impacting nearby communities.
The IJmuiden plant, one of Europe’s largest steel facilities, has faced strong criticism over air pollution and health risks, including higher cancer rates in surrounding regions. Regulators had warned of fines and possible closure of a coke facility if environmental standards were not met this year.
Dutch Climate Minister Sophie Hermans stressed that retaining industries like Tata Steel is vital for economic security and the energy transition, while ensuring sustainability goals are met. Final investment terms will be determined after a binding climate agreement is signed.
Also Read : Steel Dynamics to Fully Acquire New Process Steel Jindal India Begins Coated Steel Supplies to White Goods Manufacturers
Larsen & Toubro Ltd, an engineering and construction company bought 1.20 crore units of National...
Large Corporate 21-Mar-2024
Indian rebar prices drop ₹300-700/tonne amid demand slump. Geopolitical tensions, weak construction...
Business 07-May-2025
✅ Indian government recommends a 12% temporary tax on certain steel products.✅ Measure aims to pro...
Business 19-Mar-2025
JSW-POSCO Mega Steel Plant to Transform Keonjhar’s Patna into Industrial Hub Odisha Chief Min...
India 22-Aug-2025
Under the Production Linked Incentive (PLI) Scheme for Specialty Steel, 57 MoUs have been executed f...
Press Releases 14-Feb-2024
Vedanta Group, a mining conglomerate, expects $6 billion in pre-tax profits in the coming fiscal yea...
Large Corporate 29-Feb-2024