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
Vardhman Group has announced plans to establish a ₹2,500 crore greenfield steel plant in Ludhiana, Punjab, strengthening the state’s industrial landscape.
The proposed facility will focus on producing high-quality steel products to cater to automotive, engineering, and infrastructure sectors. According to company officials, the plant will bring advanced technology, generate significant employment opportunities, and boost regional development.
Punjab Chief Minister welcomed the investment, highlighting it as a milestone in positioning Ludhiana as a hub for modern, sustainable steel manufacturing. The project is also expected to attract ancillary industries and support the state’s ambition of promoting green and value-added steel production.
With this move, Vardhman Group aims to expand its footprint in the steel industry while contributing to India’s broader goal of becoming a global manufacturing powerhouse.
Also Read : Protect Indian Steel: Jindal Urges Anti-Dumping Duty Hyundai Motor Group to Invest $26 Billion in U.S. Steel and Auto Supply Chains
Indian government run Manganese Miner (MOIL) wants to expand its mining footprint outside its recent...
Notification 26-Apr-2024
GPS Renewables has secured $50 million (₹411.50 crore) in debt financing from a consortium of major...
Renewables 16-Apr-2024
India is in talks with several countries seeking partnerships for technical help on lithium processi...
Non-Ferrous 25-Apr-2024
Tamilnadu Coke & Power Ltd (TNCPL) has received orders for ₹23 crore in low ash metallurgical co...
Mid Corporate 07-Feb-2024
Bhilai Steel Plant (BSP), the Chhattisgarh-based arm of the Steel Authority of India Limited (SAIL),...
Mid Corporate 12-Apr-2024
Bus services might be affected from January 9 ahead of Pongal as yet another round of talks between...
Announcement 11-Jan-2024