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Odisha Secures Multi-Billion Investments in Steel and Aluminum

design2April 3, 2025April 4, 2025

April 3, 2025April 4, 2025

Odisha’s Chief Minister Mohan Majhi has approved several investment proposals aimed at significantly strengthening the state’s steel and aluminum industries. Mar 28, 2025 Odisha’s Chief Minister Mohan Majhi, chairing the High-Level Clearance Authority (HLCA), has approved several investment proposals aimed at significantly strengthening the state’s steel and aluminum industries. One......

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SAIL Signs MoU with BHP to Accelerate Potential Path to Steel Decarbonization

desk4October 21, 2024October 23, 2024

October 21, 2024October 23, 2024

The collaboration will explore strategies to reduce greenhouse gas emissions by the use of alternate reductants such as hydrogen and biochar in SAIL’s blast furnaces. It will also build local research and development capacity to support the transition of the Indian steel industry towards reduced carbon emissions, aligning with global......

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Ministry of Steel signs 57 MoUs with 27 Specialty Steel Sector Companies under PLI Scheme

wirecableMarch 27, 2023March 27, 2023

March 27, 2023March 27, 2023

The Ministry of Steel recently signed 57 MoUs with a total of 27 specialty steel sector companies, under the government’s Production-Linked Incentive scheme. Five-year financial outlay of Rs 6322 crore was approved by the Union Cabinet in July 2021, under the Production-linked incentive (PLI) Scheme for specialty steel, to promote......

Ramsarup to restructure Rs1,800 crore debt

wirecableApril 18, 2011April 30, 2011

April 18, 2011April 30, 2011

Ramsarup Industries, wire and TMT bar manufacturer, is going for corporate debt restructuring (CDR) to attract private equity (PE) investment. The company currently has Rs 1,800 crore debt in its books out of which 95% has been put under the CDR mechanism. The total debt is unevenly distributed among a......