ANNUAL 2023 WINNERS Steel company

02 Nov 2023 CW Team

India is currently the world’s second largest producer of crude steel producing 118.20 mt. The country is the largest producer of direct reduced iron (DRI) or sponge iron in the world (January-December 2021), producing 39.04 mt of sponge iron, with a growth rate of 16.2 per cent over the corresponding period last year. India is also the 2nd largest consumer of finished steel in 2021 (106.23 mt), preceded by China as the largest steel consumer, as per the World Steel Association. Capacity for domestic crude steel expanded from 137.97 mt in 2017-18 to 154.06 mt in 2021-22, with a CAGR of 3.7 per cent during the five-year period. Production of steel could go up to 500 mt by 2050, nearly four times the current output.

Steel has traditionally occupied a top spot among metals and is seen as a measure of the country’s economic development because it is both a raw material and an intermediary product. The Indian steel industry is classified into three categories: major producers, main producers and secondary producers. Growth in the Indian steel sector is driven by the domestic availability of raw materials such as iron ore and cost-effective labour.

To read the full story, CLICK HERE.

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..