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JSW Steel reported consolidated Crude Steel production for the month of July 2026 at 24.02 Lakh tonnes registering 3% YoY growth. View More

JSW Steel on Monday reported a three per cent rise in consolidated crude steel production to 24.02 lakh tonnes in July. The company's crude steel output stood at 23.27 lakh tonnes (LT) in the corresponding month last year. The production from the company's Indian operations increased by four per cent to 23.39 LT, compared to 22.55 LT in July 2025. Meanwhile, output from JSW Steel USA's Ohio facility dropped by 13 per cent to 0.63 lakh tonnes, against 0.72 lakh tonnes a year ago. "The capacity utilisation for Indian operations for the month was at 87 per cent. BF3 of Vijayanagar is ramping up well post re-start from 23 June 2026, and currently operating at above 80 per cent of its rated capacity," the company said in a filing to BSE. JSW Steel is the flagship business of the USD 25-billion JSW Group. The diversified conglomerate's operations span energy, infrastructure, cement, paints, realty, mobility and defence sectors. Over the last three decades, JSW Steel has grown from a s View More

India is on a path to significantly increase its renewable energy capabilities, targeting 500 GW by 2030. With government incentives fostering polysilicon manufacturing, the nation looks to enhance its position as a top solar module producer while expanding its cell production. View More

New Delhi: The Renewable Energy Ministry is mulling an incentive scheme to boost polysilicon manufacturing in the country to reduce dependence on imports, especially from China. Speaking at the 7th CII International Energy Conference & Exhibition here in the capital, Union New and Renewable Energy Secretary Santosh Kumar Sarangi said that today, India stands as the third-largest renewable energy market in the world. India has crossed 300 GW of (non-fossil fuel-based power generation capacity) installations by the end of July (this year) and is on course to meet the target of 500 GW of non-fossil fuel energy installation by 2030, he added. "We are coming up with a support scheme for manufacturing of polysilicon in the country, and we should be able to come up with something which will support our manufacturers to dive deeper into polysilicon manufacturing," the secretary said. He noted that India is the second largest solar module manufacturer in the World, with more than 213 GW of installed capacity. Live Events In solar cells, the country has achieved 32 GW of installed capacity, he stated. "We are looking at 100 GW of solar cell manufacturing capacity to come up by another one year. We are expecting at least 80 GW of ingot wafer manufacturing capacity by June 2028," he said. In wind energy manufacturing, almost 85 per cent of manufacturing is indigenised today, he said, adding that India has 24 GW of manufacturing capacity in the country. He announced that on Thursday, SECI did an RE RTC (round-the-clock) bid with 90 per cent assured power availability in each time block. He noted that the discovered price was Rs 5.25 per unit for RE RTC. "If you look at this RTC bid, it almost matches the nuclear power. Yet, I must commend our developers who have designed their system in a way in which they have the confidence that Rs 5.25 is an inflation-proof price; they will be able to supply for the next 25 years," he added. The latest round-the-clock renewable energy bid provides for 90 per cent assured power availability in each time block, with solar accounting for only 50 per cent of supply during the daytime. Sarangi said the tariff demonstrates the growing competitiveness of renewable energy and the ability of developers to integrate solar, wind and storage technologies to provide reliable power. Turning to cross-border energy cooperation, the secretary stressed that regional energy integration requires physical infrastructure and compatible regulatory systems. "When we talk of cross-border energy trade, we are not talking merely of the hardware of putting wires, putting transformers, substations, or undersea cables; it is equally important to talk of the software relating to cross-border energy transmission," he said. He highlighted the potential of the One Sun, One World, One Grid vision to enable countries across different time zones to complement one another by sharing renewable energy. Sarangi also highlighted India's cooperation with neighbouring countries, including Bhutan, and said India remains committed to sharing its renewable energy experience across the region. He also stated that the average power procurement cost for discoms can go down from the current level of Rs 5.20 per unit to Rs 4.80 per unit, with the infusion of more renewable energy and round-the-clock RE capacity. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now!

Jindal Stainless is identifying a site for its proposed Rs 40,000-crore stainless steel manufacturing facility. The company expects clarity on land acquisition within one or two quarters. This new plant will have a capacity of four million tonnes per annum. It will produce specialized steel grades for emerging critical sectors. The Maharashtra government will expedite necessary approvals and provide fiscal incentives. View More

New Delhi: Jindal Stainless is in the process of identifying a site for its proposed Rs 40,000-crore stainless steel manufacturing facility in Maharashtra , the company's CEO Tarun Khulbe said. "It is taking a bit of time, but...we are progressing in that direction," he said, replying to a question related to land acquisition for the said project. Also Read: Competition regulator dismisses case against Jindal Stainless over deals with Indonesian suppliers There will be clarity, maybe in another one or two quarters, and then the company comes out with its plans, Khulbe said. The company is scouting for several land options in the state, he added. Live Events According to the company, the proposed stainless steel facility will have a total capacity of 4 million tonnes per annum and will be constructed in phases, with the first phase expected to be operational in the next four years. Jindal Stainless Ltd (JSL) will also produce specialised grades of steel for critical applications in emerging sectors such as hydrogen, nuclear energy, defence, mobility, infrastructure, and process industries. Also Read: Jindal Steel to spend less, focus on utilising capacity: MD VR Sharma The government of Maharashtra will support the proposed investment by expediting the necessary permissions, registrations, approvals, clearances, and fiscal incentives from the relevant state departments, the company has said. Jindal Stainless is India's largest stainless steel manufacturing player, having a combined capacity of 3 million tonnes per annum (MTPA) at its two plants in Hisar (Haryana) and Jajpur (Odisha). Once operational, the Maharashtra facility will take the company's overall manufacturing capacity to 7 MTPA in India. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)

According to NMPA, the maiden export shipment comprised 31,500 tonnes of steel grade pig iron to Kenya aboard m.v. Resolute Bay with Stemcor as the overseas buyer View More

The company's cumulative production during April-July 2026 stood at 19.16 MT, while sales were at 15.15 MT, reflecting sustained operational momentum View More

NMDC has cut its iron ore prices effective August 8, 2026. Lump ore (65.5%) is now priced at Rs 5,250 per tonne, down from Rs 5,450 in July, while fines (64%) have been reduced to Rs 4,500 per tonne from Rs 4,700. View More

The Ministry of Steel-owned NMDC has revised the prices of its iron ore products, according to a regulatory filing by the company. In the filing made under the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company said the revised prices will be effective from August 8, 2026. According to the disclosure, the price of Lump Ore (65.5%, 10-40 mm) has been fixed at Rs 5,250 per tonne, while Fines (64%, -10 mm) has been priced at Rs 4,500 per tonne. The revised price of lump ore is down from Rs 5,450 per tonne in July, while the price of fines has been reduced from Rs 4,700 per tonne, according to data released by the Ministry of Steel. "The above are FOR prices that are exclusive of Royalty, DMF, NMEDT, Cess, Forest Permit Fee, transit fee, GST, environmental Cess and other taxes.," the filing stated. Live Events The price revision comes after NMDC reported its best-ever July production performance, with iron ore production rising 31 per cent year-on-year to 4.06 million tonnes (MT), the Ministry of Steel said in a recent update. The company's cumulative production during April-July 2026 stood at 19.16 MT, while sales were at 15.15 MT, reflecting sustained operational momentum, the ministry said. "An NMDC delegation held discussions with senior officials in Argentina to explore investment and partnership opportunities in copper and other strategic minerals, strengthening NMDC's international mineral development initiatives," the Ministry of Steel said in the release. The developments come as NMDC continues to expand its operations while also exploring opportunities in strategic minerals. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)

Coal India is expanding into mining of other minerals and generate green power as India inches closer to achieving net zero emissions by 2070 View More

India's exports of key metal intermediates are experiencing a significant surge. Aluminium alloy exports climbed twenty-four percent, reaching one point two nine billion dollars. Insulated copper winding wire exports accelerated fifty-eight percent, with the United States as a leading destination. Refined lead exports also rose fifty-six percent, driven by Asian market demand. These gains reflect India's growing integration into global manufacturing supply chains. View More

New Delhi: Rising global demand for electrical equipment, electric vehicles, batteries, transformers, and renewable energy equipment is triggering a surge in India’s exports of key metal intermediates such as copper winding wire , aluminium alloys and refined lead. While aluminium alloy exports climbed 24% over the past two years to $1.29 billion in FY26, with Mexico—a key automotive manufacturing hub—emerging as the largest destination, those of insulated copper winding wire accelerated 58% between FY24 and FY26, with the US being the leading destination. “These gains reflect rising demand from regional manufacturing and metal processing industries as companies diversify supply chains across Asia,” said a government official. Also Read: India seeks EU scrap export relief as curbs threaten trade pact gains Similarly, India’s exports of refined lead rose 56% during FY24 and FY26 to $928.38 million, thanks to demand from Asian markets, led by Singapore, followed by South Korea and Vietnam. China, Bangladesh, and Thailand also emerged as new markets. Aluminium alloy exports to Southeast Asia are growing at a fast clip. Shipments to Vietnam spiralled to $81.6 million last fiscal from $8 million in FY24, and those to Malaysia increased to $57.8 million from $37.6 million during the same period. ET Bureau “Overall, India’s aluminium alloy exports are evolving from traditional commodity trade towards a diversified, high-value manufacturing export portfolio,” said the official cited above. “This highlights India’s integration into global automotive and electronics supply chains.” Live Events Also Read: India's finished steel exports jump 36.6% in April-February Exports of other industrial products such as ferro-silico-manganese and stranded aluminium wire also increased during the period under review. India’s exports of insulated copper winding wire—a critical intermediate input in many industries—saw sustained and broad-based growth over the last five years. Beyond the major markets, India’s export footprint broadened across emerging economies such as Lebanon, Türkiye and Djibouti, whereas Oman, Iraq, Egypt, Kenya, Indonesia, and Sri Lanka continued to provide steady demand. “The strong performance underscores India’s growing competitiveness in manufacturing high-quality electrical conductors used across power transmission, industrial machinery, automotive electronics and clean energy applications,” said a trade expert, adding the growth momentum is expected to sustain on accelerating global investment in electrification , grid modernisation and renewable energy. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)

India's Solar Energy Corporation (SECI) is on a mission to boost the production of green ammonia, targeting a significant reduction in the country's dependence on imported fertilizers. The corporation is set to issue tenders for an impressive additional one million metric tons each year, aligning with India's comprehensive green hydrogen ambitions. Furthermore, SECI is also gearing up to invite tenders for green methanol to promote domestic usages. View More

NEW DELHI, - State-owned Solar Energy Corporation of India is looking to supply an additional 1 million metric tons of locally produced green ammonia to fertiliser makers annually, its managing director said on Friday, as India seeks to reduce reliance on imports. This follows SECI's announcement in March that fertiliser companies and local ‌suppliers, including ⁠clean ⁠energy solution company ACME Cleantech and NTPC Green, had signed offtake agreements for 724,000 tons of green ammonia - a derivative of green hydrogen - which could cover one third of the country's requirements of the low-carbon fuel. The 1-million-ton supply proposal will be based on tenders only, SECI's Akash Tripathi said. India's fertiliser sector uses about 20 ​million tons of grey hydrogen annually, imported or ⁠produced from ‌imported natural gas, Tripathi said at a Confederation of ​Indian Industry ​event on Friday, whose supplies have been disrupted by the ⁠Iran war. Hydrogen extracted using renewable power such as ​solar is "green" while grey hydrogen is extracted from coal ​or natural gas using steam-methane reforming. Live Events Backed by incentives worth about $2.1 billion, India aims to produce 5 million tons of green hydrogen by 2030 in a quest to decarbonise industries and ensure its energy security . Its push comes as several Western countries have scaled back ambitious green hydrogen goals ‌from the start of this decade on cost constraints and slower-than-expected demand growth. India has brought the price of producing ​green hydrogen ​as low as 279 ⁠Indian rupees (around $3) per kilogram, from around $5 per kilogram in 2023, when the government launched its National Green Hydrogen Mission. Under the initiative, industrial heavyweights including Larsen & Toubro, Bharat Petroleum Corp, GAIL and JSW Steel produce about 8,000 tons of green hydrogen and its derivatives annually. SECI pools demand and secures supplies. Tripathi said SECI was also preparing green methanol tenders targeted at the domestic market and expected to issue them within the next two months. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)