Indian Development News 🇮🇳
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Odisha is confident of handing over a 2,950 acre land to Sajjan Jindal’s JSW Steel this fiscal. JSW has promised to invest Rs 65,000 crore in the steel plant for which it received environment clearance from the Centre earlier this week.

Endowed with natural resources such as coal, iron ore and bauxite, the state earned Rs 47,000 crore as royalty last fiscal from mines that were put up for auction.

#MakeinIndia #Steel
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SAIL's Bhilai Plant Supplies Over 80,000 Tonnes Of Steel For Mumbai - Ahmedabad High-Speed Rail Project

#Railways #Steel
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Yantra India Limited is investing over ₹750 crore to upgrade its Metal and Steel Factory in Ishapore with a new hydraulic press and radial forging plant, aimed at boosting domestic defense manufacturing of gun barrels and specialized components. This modernization effort is set to reduce foreign imports while strengthening regional MSME ecosystems. #MakeinIndia #Steel
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India's government will soon unveil a new national steel policy aimed at boosting steel production.

The production capacity is expected to reach 600 million metric tons by 2047. This policy will emphasize premium products and reducing imports to strengthen the domestic market.

A separate policy on steel scrapping is also being discussed among various ministries. #Steel #MakeinIndia

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Naveen Jindal is evaluating a 5-billion bid for Barcelona-based Celsa, which has 7.5 million tonnes of long-steel capacity in Spain, France and Poland. Combined with listed Jindal Steel’s 15-mt-plus target and 3.2 mt in Oman, group capacity could exceed 25 mt. Celsa posted 3.3 billion revenue and 396 million EBITDA in 2025. #Steel #Trade

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🚀 Public sector banks are driving a massive ₹7.8 lakh crore corporate loan pipeline, fueling a powerful nationwide #infrastructure investment surge as heavy capital rushes directly into sectors like renewable #energy, #semiconductor manufacturing, #steel, #cement, and data centres.
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🏭 Odisha has attracted investment proposals worth ₹53,894 crore, with 20,210 potential #jobs.

⚡ NLC India proposed ₹37,000 crore, while L&T outlined an ₹8,100-crore investment.

🏗️ JSW and Posco also discussed a proposed 5-million-tonne #steel plant worth ₹35,000 crore.

🔗 Swarajya
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🏗️ M&B Engineering starts Phase-I commercial production at Sanand, Gujarat from Oct 26

| 📈 PEB(Pre-Engineered Buildings) capacity +20k MTPA to 92k MTPA (Sanand)
| 🏢 PEBs for factories/warehouses/logistics, next board okayed Rs30cr for +10k MTPA heavy structural #steel for data centres/high-rises. #MakeinIndia
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