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JSW Steel to Set Up 2,678-Acre Greenfield-Integrated Steel Plant in Odisha

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JSW Steel Limited had received approval from the Odisha Government to set up a 2,678-acre greenfield integrated steel plant in Rajnagar, Odisha. Jan 05, 2023 JSW Steel Limited’s subsidiary, JSW Utkal Steel Limited, has acquired 2677.80 acres of forest land in Rajnagar, Odisha for setting up a greenfield integrated steel......
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9.2 Percent GDP Growth is Commendable

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Mr. V.R. Sharma, Managing Director, Jindal Steel & Power Ltd., states, “Coal gasification, coal to the liquid initiative, and the date of manufacturing for claiming the 15 percent concessional income tax rate on greenfield projects is extended till 31 March 2024 by the government are appreciated highly.” I am delighted......
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Van Merksteijn to Build New Steel Wire Rod Mill in the Netherlands by 2024

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After obtaining the required environmental approval, the wire producer has resumed its plans to build the wire rod plant in Eemshaven, the Netherlands. The estimated investment is EUR 300 million. January 24, 2022 Netherlands-based wire products supplier Van Merksteijn International (VMI) has announced its plans to build a new Greenfield......
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Sterlite Power Acquires Power Transmission Project from PFC Consulting

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The power transmission infrastructure developer has informed that it has acquired the Nangalbibra-Bongaigaon inter-state power transmission project. More than 1000 MW of power will be transmitted from Assam to the western parts of Meghalaya. December 29, 2021 Sterlite Power Transmission has acquired the Nangalbibra-Bongaigaon Transmission, an inter-state power transmission project,......
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Hindalco Industries to Acquire Ryker Base for INR 323 Crore

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The acquisition will strengthen Hindalco’s copper rod capacity along with providing the “time-to-market” advantage. November 11, 2021 Aditya Birla Group-owned Hindalco Industries has announced to acquire 100 percent equity in Polycab India’s wholly-owned subsidiary – Ryker Base for an enterprise value of INR 323 crore. In a regulatory filing submitted......
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