 Jindal Steel and Power (JSPL) has said it will start the process of financial closure for the remaining 4 mt second phase of Odisha unit shortly. “We are going to commission the 2-mt steel capacity (in first phase) soon (at Angul in coastal Odisha), and we will add another 4 mt (in second phase) for which we [...]
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 The Uttam Galva group which has just acquired a majority stake in the ailing Lloyds Steel is confident of turning the company around within the span of a year said Uttam Galva Steels’ Deputy Managing Director Ankit Miglani. In fact the group has drawn up a plan to invest Rs 380 crore in the newly [...]
Categories: News | Tags: acquisition, ArcelorMittal, loyds Steel, Metallurgical Engineering and Equipments Ltd (MEEL), steel plant, Ultimate Logistics Solutions Private Ltd (ULSPL), Uttam Galva, Uttam Galva Metallics | No Comments »
 Confirming that the cost of the six million tonnes per annum steel plant that it is setting up in Kalinganagar in Odisha will be higher than anticipated, Tata Steel officials said they are currently evaluating the impact this will have on the project. Anand Sen, project in-charge at the site said that while delays had [...]
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 The proposed 6 mtpa steel plant at a cost of Rs 30,000 crore being set up by ArcelorMittal in Bellary, Karnataka, for which it signed an MoU with the government of Karnataka at the Global Investors Meet earlier this year, moved a s step forward with the transfer of 2,569 acres of private land in [...]
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 Korean steel giant Posco has written to the Odisha government requesting an extension for the approval granted to it for setting up a Special Economic Zone (SEZ) near Paradeep along the coastal part of the state. In-principle approval had been granted to the project in 2007, and the same needs to be renewed every five [...]
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 C S Verma, CMD, Steel Authority of India Ltd and currently also head of National Mineral Development Corporation (NMDC) has said that building closer synergies between the two state-backed companies could be mutually beneficial. Both PSUs have already been collaborating on a range of projects, including some in the international arena, such as extraction of [...]
Categories: News | Tags: Bharat Coking Coal Limited, National Mineral Development Corporation (NMDC), SAIL-NMDC synergy, steel plant | No Comments »
 Indian steel industry is seeking advanced technologies available with Korean steel manufacturers, Steel Minister Beni Prasad Verma told a delegation of journalists from Korea and Philippines recently. This will help India to develop process  innovation and offer new products in the Indian market, he added.. Verma cited the example of the proposed JV between SAIL [...]
Categories: News | Tags: ICVL( International Coal Ventures), Indian steel industry, Korean steel manufacturers, NMDC, POSCO, SAIL, steel plant | No Comments »
 Steel Authority of India plans to invest close to Rs 95,000 crore over the next decade in Jharkhand, with the bulk of the money being earmarked for expansion of the Bokaro Steel Plant and setting up of steel, power and urea plants at Sindri where a fertiliser factory was once located. This was announced by [...]
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 Crude steel production at JSW Steel’s facilities during the month of July stood at 6.76 lakh tonnes, up 13% as compared to the 5.99 lakh tonnes reported in the same month last year. Long products that are mostly used in the construction sector saw a larger rise of 24% to 1.42 lakh tonnes, while flat [...]
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 The four-member expert panel from the Union ministry of environment & forests (MoEF) that visited Odisha recently is expected to submit its report on the environmental implications of the $12 billion steel plant by October. Stressing that the visit was an information gathering exercise and no conclusions had been reached, K Roy Paul, head of [...]
Categories: News | Tags: environment clearance, environmental impact, ministry of environment & forests (MoEF), National Green Tribunal (NGT), steel plant | No Comments »
