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Metallurgical-Industries Sector News & Updates - May 9, 2024



Jindal Stainless to invest Rs 5,400 crore for expansion
Metallurgical Industries   -  May 02,2024
Jindal Stainless unveiled a Rs 5,400 crore investment plan to enhance melting and downstream capacities. Additionally, it entered a joint venture for a stainless-steel melt shop in Indonesia, boosting .


Runaya paves the way for sustainable recovery
Metallurgical Industries   -  Apr 16,2024
Runaya inaugurated a calcium aluminate plant in Jharsuguda, emphasizing environmental leadership and technological advancement. With a capacity of 12,000 metric tons per year, the Runaya Green Alumi .


Shyam Metalics announces expansion into stainless steel products
Metallurgical Industries   -  Apr 10,2024
Shyam Metalics and Energy will invest Rs 650-750 crore in its stainless steel business, focusing on a new stainless steel hot rolled coils (HRC) facility in Sambalpur, Odisha. The plant, targeting 0.3 .


Mahindra Aerostructures signs $100 million contract with Airbus Atlantic
Metallurgical Industries   -  Apr 02,2024
Mahindra Aerostructures secured a $100 million contract with Airbus Atlantic to manufacture metallic components for Airbus commercial aircraft. Over several years, it will supply 2,300 varieties of .


JSW Steel gains as arm commissions hot strip mill at Karnataka plant
Metallurgical Industries   -  Apr 01,2024
JSW Steel's subsidiary, JSW Vijayanagar Metallics, inaugurated a hot strip mill at its Vijayanagar plant. With a 5 MTPA capacity, the mill produces plates, coils, featuring advanced technology li .


Shyam Metalics receives LoI for iron block in Maharashtra
Metallurgical Industries   -  Mar 28,2024
Shyam Metalics and Energy's JV, Natural Resources Energy, secured a letter of intent for the Surjagad-1 iron ore block in Maharashtra, covering 1,526 hectares. Dorite Tracon, a promoter company o .


SAIL to invest in greenfield steel plant in West Bengal
Metallurgical Industries   -  Feb 06,2024
Steel Authority of India Limited (SAIL) plans a Rs 20,000-24,000 crore investment for a four-million-tonne greenfield steel plant at its IISCO site in West Bengal. The focus is on producing high-end f .


Adani Group to commence copper production at Gujarat facility by March 2024
Metallurgical Industries   -  Feb 05,2024
Kutch Copper Ltd (KCL), a subsidiary of Adani Enterprises Ltd (AEL), will start operations of its $1.2-billion facility's first phase by March-end, aiming for full-scale 1 million tonnes capacity .


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