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Pipe Makers Seek Eased Steel Imports

Pipe makers in Kutch demand steel imports.

Published

1 year ago

August 27, 2024

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Line pipe manufacturers in Kutch, Gujarat, are urging the Indian government to ease restrictions on steel imports to support the growth of the region’s pipeline industry. The Line Pipe Manufacturers Association has raised concerns about the current challenges faced by the industry, including limited access to high-quality steel, which is a crucial raw material for manufacturing pipes used in infrastructure projects.

Kutch, which is home to several major pipe manufacturing units, plays a significant role in supplying pipes for various sectors, including oil and gas, water supply, and industrial projects. However, manufacturers are struggling with a shortage of steel, particularly specific grades required for high-performance pipes. This shortage is exacerbated by high import duties and logistical challenges, which have led to increased production costs and delays in project timelines.

The industry representatives have pointed out that the current domestic steel production does not meet the specific needs of the pipe manufacturing sector, especially in terms of quality and quantity. They argue that easing steel imports would not only help address the immediate supply shortage but also support the expansion of the pipeline industry, which is vital for India’s infrastructure development goals.

The Line Pipe Manufacturers Association has called for a reduction in import duties on steel and the simplification of import procedures to ensure a steady and cost-effective supply of raw materials. They believe that these measures are essential for maintaining the competitiveness of the Indian pipe manufacturing industry in the global market.

Additionally, easing steel imports is seen as crucial for supporting ongoing and upcoming infrastructure projects in India, particularly in the energy and water sectors. With the government’s focus on boosting infrastructure and industrial growth, ensuring a reliable supply of raw materials like steel is critical for the success of these initiatives.

The association’s appeal highlights the need for a balanced approach to trade policies that consider the specific requirements of different industries while promoting overall economic growth and development. The outcome of these discussions could have a significant impact on the future trajectory of the pipeline industry in Kutch and across India.

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India, Sweden Discuss Green Steel Collaboration

Talks held to explore R&D and technology partnerships in green steel.

Published

3 hours ago

November 3, 2025

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Union Minister of State for Steel, Bhupathiraju Srinivas Varma, held a productive meeting with Ms Sara Modig, State Secretary to the Minister for Energy, Business and Industry, Sweden, at the Ministry of Steel in New Delhi. Ms Modig was accompanied by His Excellency Mr Jan Thesleff, Ambassador of Sweden to India, and other senior Swedish officials.

During the discussions, Minister Srinivas Varma highlighted the rapid growth of India’s steel sector, driven by the visionary leadership of Prime Minister Shri Narendra Modi. India aims to achieve 300 million tonnes of crude steel production capacity by 2030, in line with its commitment to infrastructure-led growth and industrial expansion.

He noted that domestic steel demand in India is rising by around 11 to 13 per cent annually, fuelled by major national infrastructure initiatives, even as global demand shows signs of slowing down.

The two sides discussed potential avenues for collaboration in Research and Development (R&D), particularly in Green Steel Production and other advanced technologies designed to reduce carbon emissions and promote sustainable manufacturing.

Minister Varma also reaffirmed India’s invitation to Sweden to participate in Bharat Steel 2026, an international conference-cum-exhibition dedicated to the steel industry. The event is scheduled to take place on 16–17 April 2026 at Bharat Mandapam, New Delhi, and will serve as a global platform for dialogue, partnerships, and technology exchange in sustainable steelmaking.

The meeting underscored India’s commitment to fostering global cooperation in decarbonising steel production, aligning with both countries’ shared goals of sustainability, innovation, and industrial growth.

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L&T wins Hindalco, Tata Steel projects in Odisha, Jamshedpur

L&T bags major aluminium and steel sector orders

Published

6 days ago

October 28, 2025

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Infrastructure major Larsen & Toubro (L&T) announced on Friday that it has secured significant orders from Hindalco Industries and Tata Steel, strengthening its presence in the metals and minerals sector.

The company’s minerals and metals business vertical won an order from Hindalco to set up a 180 KTPA aluminium smelter and gas treatment centre for a greenfield project in Odisha, as well as a separate order from Tata Steel to construct a coke oven battery at Jamshedpur.

These are among several recent orders bagged by the vertical in India, L&T said in a filing to the Bombay Stock Exchange (BSE).

The scope of the projects includes engineering, manufacturing, supply, construction, and plant installation.

T Kumaresan, Senior Vice President and Head of Minerals & Metals at L&T, said,

“These order wins across the aluminium and steel sectors are a testament to L&T’s engineering excellence, execution capability, and long-standing customer relationships. They further strengthen our role in shaping the nation’s industrial infrastructure, while deepening our engagement with the steel sector through world-class execution and technological excellence.”

The contracts underscore L&T’s strategic focus on expanding its footprint in India’s metals and industrial infrastructure segment, which continues to see strong growth driven by rising domestic demand and capacity expansion across core sectors.

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Shyam Metalics Unveils Rs 100 billion Capex Plan Under Vision 2031

Company targets Rs 400 billion topline by 2031 with 2.5x revenue growth

Published

2 weeks ago

October 23, 2025

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Shyam Metalics and Energy Limited (SMEL) has announced its Vision 2031, outlining a Rs 100 billion capital expenditure plan to expand capacity and achieve a topline of Rs 400 billion by 2031—a 2.5x revenue growth from current levels.

The company plans to enhance its integrated operations by focusing on high value-added and downstream products, including specialty steel, stainless steel, flat products, and aluminium. It also aims to strengthen its presence across key sectors such as defence, railways, engineering, and infrastructure.

SMEL will leverage brownfield expansions in West Bengal, Odisha, and Madhya Pradesh to optimise capital efficiency and minimise execution risk. The Vision 2031 roadmap underscores the company’s commitment to sustainable, value-driven, and capital-efficient growth across the metals sector.