Tag: India

Stainless railway tracks

A major order has been placed in India for stainless steel railway tracks. A long-term plan is being set forth to replace all its existing lines with the rust-free stainless steel ones, thereby saving crores of rupees which may otherwise go into replacing the tracks in regular intervals.

Possible stainless fasteners tariff

The European Union has threatened to impose tariffs on screws and bolts from India and Malaysia, saying that EU producers may be victims of subsidies and price undercutting.

BJ completes precommissioning services

BJ Services Co. has completed a major contract to provide precommissioning services for Technip on the MA-D6 oilfield development offshore India.

Sumitomo Metals expands

Sumitomo Metal Industries Ltd (Sumitomo Metals) has agreed to establish a joint venture with Amtek Auto Ltd (Amtek), a manufacturer of automobile parts in India, in order to enter into the Indian market where high growth is anticipated.

Sumitomo refutes media reports

According to media reports of 14 April 2009, Sumitomo Metal Industries Ltd has been considering various business opportunities in India and other countries.

Aquatech events

Aquatech has announced 4 upcoming exhibitions to be held in China, India, USA, and the Netherlands. Aquatech China will be held from 3 to 5 June 2009 in Shangai, China.

Bharat Forge signs MoU with Areva

Bharat Forge Ltd and Areva have signed a Memorandum of Understanding (MoU) to set up a Joint Venture (JV) to build a manufacturing facility for heavy forgings in India.

Titanium project cost doubles

The cost of a Russian-Indian project to build a titanium facility in east India could double due to rising expenses.

Orissa government inks agreement

On 16 October 2008, the Orissa provincial government in India inked an MoU for setting up the country's first ever integrated Titanium Chemical and Metallurgical Complex with an investment of INR 2000crore.

SS demand to increase by 9% in India

Stainless steel demand in India is expected to rise by 8% to 9% in the current fiscal year and double in the next 5 years, as more of the alloy is used to make railway coaches and buildings.