Indian steel makers setting up pellet plants

October 8, 2012   |   Posted by Bureau

 A number of Indian steel manufacturers including SAIL, Bhushan Steel, Essar Steel, JSPL and JSW have been investing in pelletisation plants in different parts of the country. The plants will utilise lower grade iron ore fines, which were earlier being discarded as waste, to create steel. SAIL is in the process of setting up 4 [...]

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No plans to take over steel units: Steel Minister

September 10, 2012   |   Posted by Bureau

 The government has no plans to nationalise any of the private sector units operating in the steel sector, Union Steel Minister Beni Prasad Verma told the Rajya Sabha recently, while responding to a questiom in this regard. He also clarified that the sector is fully de-regulated, and there are a number of important private sector [...]

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Odisha government to review implementation of steel MoUs

August 28, 2012   |   Posted by Bureau

 The Odisha government has decided to carry out a systematic review of the status of 49 steel projects for which MoUs were signed over the last few years. The comprehensive assessment will be done by the state steel & mines department soon after the current session of the state assembly comes to an end on [...]

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Takeover battle at Orissa Sponge resumes

June 28, 2012   |   Posted by Bureau

 The battle to take control of Orissa Sponge, currently promoted by the Mohanty family, has revived after a gap of three years with Bhushan Steel, promoted by Brij Bhushan Singal and Neeraj Singal, once again making their open offer to acquire up to 20% additional stake at a price of Rs 360 a share. Two [...]

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