Tag: SteelIndustry
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Jindal Steel & Power Strengthens Portfolio with Strategic Acquisition of Allied Strips
Jindal Steel & Power (JSPL) acquires Allied Strips Ltd (ASL) to expand its steel portfolio. Discover the strategic benefits of this ₹217.53 crore deal.
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Suzlon Secures 204.75 MW Wind Power Project from Jindal Renewables, Boosting India’s Green Energy Transition
Introduction Suzlon Energy, India’s largest wind energy solutions provider, has secured a significant order of 204.75 MW from Jindal Green Wind 1, an arm of Jindal Renewables. The new project […]
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Hilton Metal Forging Receives Trial Order from Hindusthan Engineering & Industries: A Strategic Step Towards Expanding Market Presence
Hilton Metal Forging has received a trial order for wagon wheel sets from Hindusthan Engineering & Industries, signaling a significant step toward expanding its market presence. With an annual production capacity of 15,000 wheel sets, Hilton is poised to meet the growing demand for locally manufactured railway components and reduce India's reliance on imports.
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Welspun Corp Secures Rs 3,000 Crore Order in US, Strengthens Market Position in O&G Sector
Welspun Corp has announced securing a significant Rs 3,000 crore order in the US, primarily for the supply of HSAW and HFIW pipes for natural gas pipeline projects. This win bolsters the company’s market share in the US oil and gas sector and signals strong growth potential in the coming years.
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Jindal Steel & Power Announces New Rs 16,000 Crore Capex: Implications and Market Reactions
Jindal Steel & Power (JSPL) has unveiled a Rs 16,000 crore capital expenditure plan aimed at enhancing efficiency, reducing costs, and boosting steel production capacity. This new investment comes in addition to the Rs 31,000 crore already committed by the company, sparking mixed reactions from analysts. With the goal of increasing crude steel capacity to 15.9 MTPA by FY27, the move signals JSPL’s growth ambitions, though concerns about rising debt and stock performance remain.