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Metallurgical-Industries Sector News & Updates - October 3, 2023

Shyam Metalics to foray into energy storage business
Metallurgical Industries   -  Sep 26,2023
Shyam Metalics and Energy has entered the energy storage sector with battery-grade aluminum foil, aligning with India's AatmaNirbhar Bharat energy storage initiative. The company, known for produ .

Lloyds Metals and Energy Ltd commissions DRI Manufacturing Facility at Konsari
Metallurgical Industries   -  Sep 22,2023
Lloyds Metals and Energy Limited (LMEL) achieved a significant milestone by inaugurating a Direct Reduced Iron (DRI) manufacturing facility and a 4MW WHRB-based power plant in Maharashtra's Gadch .

Jindal Stainless’ industrial park likely to attract Rs 10,000 crore investments
Metallurgical Industries   -  Sep 21,2023
Jindal Stainless (JSL) is building a stainless steel park in Odisha, targeting around 10,000 crore in investments from MSMEs over the next five years. JSL is investing approximately 1,500 crore in t .

Hindalco ropes in Italian firm for extrusion tech for aluminium rail coaches
Metallurgical Industries   -  Sep 14,2023
Hindalco, an Indian aluminum manufacturing company, has partnered with an Italian firm to adopt advanced extrusion technology for aluminum rail coach production. This collaboration aims to enhance the .

Odisha CM clears investment proposals of Rs 1 lakh crore
Metallurgical Industries   -  Sep 14,2023
The Chief Minister of Odisha, Naveen Patnaik, has given the green light to investment proposals worth over Rs 1 lakh crore for nine projects. These projects, located across various districts in Odisha .

Essar Group, Desert Technologies ink pact for green steel solutions in Saudi Arabia
Metallurgical Industries   -  Sep 12,2023
Essar Group has entered into a partnership with Desert Technologies to collaborate on green steel solutions in Saudi Arabia. This agreement aims to develop sustainable and environmentally friendly ste .

Tata Steel establishes 3,500 ton/month downstream manufacturing facility in UP
Metallurgical Industries   -  Sep 12,2023
Tata Steel has set up a downstream manufacturing facility in Uttar Pradesh with a capacity of 3,500 tons per month. This facility will enhance the company's manufacturing capabilities in the regi .

NMDC's Nagarnar steel plant in Bastar commences production
Metallurgical Industries   -  Sep 11,2023
NMDC's Nagarnar steel plant in Chhattisgarh's Bastar region has initiated production, achieving the milestone of generating its ultimate output, the HR (hot rolled) Coil. The plant, with a 3 .

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