Steelworld

KD Green Industries Announces Proposed Merger with KD Iron & Steel

New Delhi, June 10, 2026: KD Green Industries Ltd has announced in-principle approval for a proposed merger with KD Iron & Steel Pvt Ltd, subject to due diligence, regulatory clearances, and other statutory approvals.

The merger aims to create a diversified industrial platform focused on green manufacturing, value-added steel products, AAC Blocks, and infrastructure steel products serving sectors such as power, railways, and telecom.

KD Iron & Steel, the flagship company of the KD Group, manufactures branded steel products under the XTECH brand and currently operates a steel melting capacity of 90,000 MT and rolling capacity of 99,000 MT per annum. The company is undertaking a ₹325 crore expansion project that will double its furnace capacity to 1,80,000 MT and increase rolling capacity to 2,00,000 MT annually. The expansion also includes the development of a 25 MW captive solar power plant.

Focused on sustainability, KD Iron & Steel utilizes recycled metal scrap and electric induction furnace-based steelmaking. The company has also secured approximately ₹600 crore in incentives from the Government of Assam over 15 years. The proposed merger is expected to strengthen manufacturing capabilities, improve operational efficiencies, and establish the merged entity as the flagship company of the KD Group.

Evonith Steel acquires 85 MW power plant in Maharashtra; strengthening energy security

Mumbai, June [5th], 2026: Evonith Steel (“the Company”) successfully completes acquisition of Indrajit Power Pvt Ltd (IPPL) in Wardha, Maharashtra for INR 232 Cr through Insolvency and Bankruptcy Code (IBC) process. The Company was approved as the successful Resolution Applicant (SRA) by the National Company Law Tribunal (NCLT) on 20th April, 2026 and has now completed the acquisition. IPPL is an 85 MW coal-based power producer which has potential to supply power requirements of Evonith Steel, including its immediate growth plans.
This strategic acquisition for the Company ensures self-dependence on energy sources to a large extent at competitive cost and will provide energy security to the company to meet its current energy requirements, including the completion of the expansion phase of the Company. IPPL is located adjacent to the Evonith Steel plant in Wardha. The proximity to existing manufacturing operations in Wardha ensure smoother streamlining of logistics involved and lower transmission losses.
“Steel plants are energy-intensive units and expanding our self-reliance on power sources will help ensure continuous and uninterrupted supply for our operations as we continue on our growth journey. We have plans to expand our production capacities further, and this acquisition is a critical step to ensure that our power requirements are met at competitive costs,” said Jai Saraf, Chairman, Evonith Steel.

East Africa Steel Summit 2026

With rapid investments in infrastructure, manufacturing, and industrial development, Africa presents significant opportunities for Indian steel producers, technology providers, equipment suppliers, and trading houses. Africa may be a relatively small steel market today, but it promises to be one of the industry's most exciting growth destinations tomorrow.

Steelworld is proud to be associated with the East Africa Steel Summit 2026 as the Media & Marketing Partner for India.

Explore opportunities to participate as a Delegate, Sponsor, Speaker, or Exhibitor.

📋 Participation Enquiries:
https://forms.gle/6NKNhRWLfcynGDFu7

PRESS RELEASE

Shri Subhasis Sengupta Assumes Charge as Director (Operations), RINL

Subhasis Sengupta has assumed charge as Director (Operations) of Rashtriya Ispat Nigam Limited on June 3, 2026.

A Mechanical Engineering graduate from Bengal Engineering & Science University with an M.Tech from National Institute of Technology Durgapur, Shri Sengupta brings over three decades of experience in steel production, maintenance, projects, and plant management. He joined Steel Authority of India Limited in 1992 as a Management Trainee.

Before joining RINL, he served as Chief General Manager (Projects) at Durgapur Steel Plant, where he led major expansion projects. He also played a key role in improving production and operational efficiency during his tenure as Unit Head of SAIL Growth Works.

At RINL, Shri Sengupta aims to drive operational excellence, capacity utilization, digital transformation, sustainability, and cost optimization while leveraging technologies such as IoT, AI, and Machine Learning to enhance plant performance and reliability.

Triton Partners to acquire Flender from Carlyle

Global investment firm Carlyle has entered into an agreement to sell Flender, a leading global provider of mechanical drive technology, to Triton Fund 6 advised by Triton Partners. The transaction, subject to customary regulatory approvals, is expected to close in Q4 2026.

Headquartered in Bocholt, Germany, Flender has more than 125 years of engineering expertise and is a leading supplier of gearboxes, couplings, and generators for industrial and wind power applications. With over 8,000 employees across 34 countries, the company plays a crucial role in supporting customers across industrial and renewable energy markets worldwide.

Since its carve-out from Siemens in 2021, Carlyle has partnered with Flender to strengthen its market position, expand its global footprint, and enhance its operational capabilities. Triton Partners, with its strong track record in industrial technology investments, aims to support Flender’s next phase of growth and innovation in the global power transmission and renewable energy sectors.

*Tata Chemicals Marks International Biodiversity Day 2026 with Community-Led Conservation Initiatives*

Reaffirming its commitment to environmental sustainability and biodiversity conservation, Tata Chemicals Ltd., Mithapur, in association with the Tata Chemicals Society for Rural Development (TCSRD), celebrated International Biodiversity Day 2026 through a series of impactful initiatives across the Okhamandal region. Aligned with this year’s theme, “Acting Locally for Global Impact,” the programs focused on ecological restoration, biodiversity awareness, community participation, and marine conservation.

A major highlight was the continued development of the biodiversity conservation project along the Gyan Sagar embankment. What was once saline wasteland has been transformed into a thriving green ecosystem through extensive plantation efforts using waste lime. The restored habitat now supports nearly 80 bird species, including migratory birds, along with native wildlife, demonstrating the success of sustained ecological restoration efforts.

To further strengthen awareness, TCSRD organized biodiversity orientation and field survey programs involving employees, retired employees, and their family members. Participants gained insights into ecological balance, environmental sustainability, and local biodiversity through awareness sessions and field-based documentation of flora and fauna.

In addition, Project Sahajeevan marked World Turtle Day with a marine biodiversity awareness initiative at Mithapur Beach. The program brought together volunteers and community members to learn about sea turtles, coastal ecosystems, and the importance of preserving marine habitats through collective action.

Through these initiatives, Tata Chemicals continues to foster environmental stewardship and community engagement, contributing meaningfully to biodiversity conservation and sustainable development while creating a lasting positive impact on the region’s ecosystems and future generations.

PRESS RELEASE, June 1, 2026

SMS group successfully commissions fully automatic closed-die forging press at TZCO Chain Manufacturing in China
• TZCO grants SMS the final acceptance certificate for the fully automatic MP 3150 forging press
• High performance: Cycle time of up to 30 strokes per minute for track links for excavators
• Advanced technology and efficiency: Flash-minimizing forging technology and integrated digitalization tools deliver precise results, cost savings, and higher productivity

TZCO Chain Manufacturing in China has issued the final acceptance certificate (FAC) to SMS group following the successful commissioning of a fully automatic MP 3150 eccentric closed-die forging press. The new press is now producing track links at TZCO’s new forging shop in TZCO Industrial Park, Yuci District, Jinzhong City, Shanxi Province, China.

“SMS has delivered an excellent complete package: a highly automated press with sophisticated technology. The press enables TZCO to expand its excavator business by producing track links in a new forging shop. Thanks to the high accuracy and minimal flash of the forging process, we achieve material savings and lower production costs,” says the leader of TZCO Chain company.

The scope of supply includes the MP 3150 closed-die forging press with a nominal press force of 3,150 tons (31.5 meganewtons), full line engineering, and a customized digitalization package. The press is engineered to deliver high throughput and precision and is capable of achieving up to 30 strokes per minute. The fully automatic line boasts a cycle time target of up to four seconds per piece, producing track links for excavators.

To support superior-quality manufacturing, SMS supplies specialized forging tools, implements comprehensive process enhancements, and incorporates forging simulation, analysis, and optimization solutions. The resulting forging process utilizes high-precision, flash-minimizing punching, which reduces downstream machining and saves material and energy.

The range of automation equipment includes an automatic walking beam transfer system, with each axis powered by a dedicated servo drive. Optimized startup and deceleration ramps combined with integrated sensor technology guarantee smooth movements, reduce mechanical wear, and help maintain short cycle times. Automatic die lubrication and spray units, a quick-change die holder, and a duplex bolster changing car are also part of the press automation.

SMS has integrated components of its basic digitalization package into the existing process control system. This enables continuous production monitoring and machine data evaluation aimed at guaranteeing consistently high quality and operational performance. To help TZCO drive productivity and manage energy costs, all relevant production and energy KPIs are streamed to a dedicated large-scale dashboard, providing the customer with immediate, valuable process data.

“Over years of projects around the globe we have built a track record that speaks for itself,” says Bernhard Kaminski, Sales Manager, SMS group. “Those proven references gave TZCO the confidence to choose our MP 3150 — not just for its performance on paper, but for the real, measurable uptime, cost savings, and part quality it delivers in day-to-day production.”

Glimpses from the 15th Special Steels Convention 2026, held in Pune on 29 May 2026. The convention brought together industry leaders, technology experts, and steel professionals to exchange insights on the future of special steels, sustainability, green steelmaking, and innovations shaping the industry's growth. The event featured engaging panel discussions, insightful corporate business presentations, networking opportunities during lunch and interactive tea and coffee breaks, fostering meaningful industry dialogue and collaboration and the detail report follows.

PRESS RELEASE, May 26, 2026

SMS group completes revamp in record time at CELSA Barcelona's medium section mill, replacing the universal roughing stand with the latest CCS® design
• Revamp undertaken during the 2025 annual winter shutdown
• Mill stand and related automation systems replaced after 25 years of reliable operation
• Production resumed ahead of original schedule

CELSA Barcelona and SMS group have successfully completed the upgrade of the medium section mill at CELSA's Castellbisbal site in Spain. Commissioned in 2001 by SMS group, the mill has played a central role in producing high-quality long products such as beams, angles, and channels for the construction industry. The revamp covers the replacement of one of the 25-year-old first-generation CCS® (compact cartridge stand) mill stands in the tandem rolling group, aimed at providing higher rolling forces. In addition, the revamp included the installation of upgraded electrical and automation equipment, featuring new and advanced control functions. From contract signing to the start of er****on, the project was completed in just 12 months (in the same year) during the annual planned maintenance shutdown.
In late 2025, CELSA Barcelona partnered with SMS to modernize its medium section mill. The new and latest generation of CCS® mill stand was fully assembled and tested at the SMS workshop to verify all its functions and interfaces before being installed on site. Following comprehensive testing, SMS's mechanical and automation experts integrated the new equipment into CELSA's medium section mill. The existing Gen-1 CCS® (UR) stand was replaced by the new and latest-generation CCS® (UR) stand, featuring innovative design improvements and functionalities that boost the competitiveness of the plant.
The modernization included an upgrade of the technological control system (TCS), whereby the legacy VME system was replaced with discrete sensor/actor cabling to a PC-based (APC) Probas platform. A complete Profinet network migration creates a unified hardware software ecosystem with high-speed communication, requiring 90 percent less cabling. The new TCS comes with the latest package of features to improve the rolling process, including optimized calibration sequence, improved accuracy, enhanced processing stability, and advanced maintenance support.
Hot commissioning was completed two days ahead of schedule. The very first start-up beam was produced within the desired tolerances, followed by a successful 700-ton rolling campaign during the night shift and resumption of regular production the following day.
Since its original commissioning in 2001, the medium section mill at the Castellbisbal site has undergone continuous optimization. Originally rated at 500,000 tons per year, the plant's capacity has been increased to approximately one million tons per year over the course of previous upgrades, including a higher-capacity cooling bed and advanced CRS® (compact roller straightener), enabling it to process heavier products. The
current modernization further strengthens CELSA Barcelona's capability to produce high-quality long products for the construction sector.
SMS's extensive expertise and CELSA's close collaboration laid the foundation for the successful completion of the revamp in record time. This success has also solidified SMS's partnership with CELSA Barcelona.