The steel industry and its related metallurgy and mining industries have witnessed quite a few
investments and developments in the recent past. Some of the notable investments are as
follows:
@ L&T Special Steels and Heavy Forgings have entered into a five-year technology transfer
agreement with Japan Steel Works. This agreement covers transfer of critical technology for
steel-melting and heavy forgings made from ingots weighing up to 200 tonnes and for the
hydrocarbon and thermal power sectors.
@ JSPL Group has commissioned a Greenfield 2 MT steel plant in Sohar, Oman at an
investment of US$ 800 million. The Greenfield unit will be one of the largest steel plants in the
Gulf region.
@ Steel Authority of India Ltd (SAIL) has secured contracts for supplying over 117,000
tonnes of rails after successful bids for two global tenders floated by Rail Vikas Nigam Ltd
(RVNL), for major upcoming passenger rail line projects in India.
@ JSW Steel plans to commission Rs 4,500 crore (US$ 748.55 million) cold rolling mill
(CRM) at its integrated steel plant in Torangal, Karnataka. The unit, which will produce high-
strength auto-grade steel, has an installed capacity of 2.3 million tonnes per annum (MTPA).
@ Canada has invited Coal India Ltd (CIL) to explore mining opportunities in British
Columbia, as per Mr. Stewart Beck, Canadian High Commissioner in India.
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