Data from union steel ministry reveals that sales of Steel Authority of India (SAIL) contracted 2.71 per cent during April-December 2012 to 76.03 lakh tonne from 78.15 lakh tonne in the year ago period. Similarly, sales of Vizag-based Rashtriya Ispat Nigam (RINL) also fell over 17 per cent to 17.86 lakh tonne compared to 21.63 lakh tonne reported during this perio
Author: admin (Infratructure Today)
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SAIL-led consortium to meet Afghan officials
The Indian consortium, that won the bid to mine iron ore reserves in Hajigak near Kabul in Afghanistan over one year ago, would meet officials of mining ministry in the country in a month's time. Although the consortium bagged the mining asset over a year ago, it has not signed a mining contract with the Afghan government because of contentious
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Steel capacity grew at 8% CAGR in 2004-12
According to a research report on steel industry by CARE Research, domestic steel capacity increased at a compounded annual growth rate (CAGR) of 8 per cent in 2004-05 to 2011-12. During the same period, steel production in the domestic market also recorded a similar increase on line with the domestic steel capacity, the report shows
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Reports suggest possible rise in steel prices
Agency reports quoted officials from some public sector steel firms as saying that domestic steel prices may recover going forward because of improving demand and rising global prices. While state-run Rashtriya Ispat Nigam (RINL) is among the few domestic firms that had effected price hikes, Steel Authority of India (SAIL) expects to raise price
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Analysts feel price cut by NMDC may not benefit steel firms
Analysts feel that the recent cut in iron ore price by NMDC may not benefit steelmakers in a big way because the former reduced the price of only iron ore lump. The prices for the majority of product mix (iron ore fines contributing to 75 per cent of total output) remains unchanged at Rs 2,610 a tonne. Therefore, the reduction in iron ore lump prices by NMDC may not bene
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OVL finds oil in Colombia block
ONGC Videsh (OVL), which has 70 per cent participating interest in an onshore oil block at llanos basin of Colombia, said it discovered oil in the block. The firm secured the block in the 2008 bidding round in Colombia with 100 per cent participating interest. Later in 2010, OVL divested the 30 per cent participating interest to Petrodorado
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AAI look for foreign players for Kolkata, Chennai airports
For operating and maintaining Kolkata and Chennai airports, the Airports Authority of India (AAI) has finally initiated the process to rope in foreign companies in line with the recommendations of a Planning Commission task force.
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Policy changes to boost investment in wind energy
To give a fillip to investment in India's wind energy sector the Union Ministry for New and Renewable Energy has suggested certain policy changes. The Ministry wants to reintroduce ‘accelerated depreciation mechanism’ which had earlier helped grow the wind energy industry.
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NHAI feels cost overrun as reason for exit from projects
RP Singh, Chairman of the National Highway Authority of India (NHAI) claimed that the change in the economic scenario and escalation of cost prompted two highway developers to exit mega projects recently. It may be recalled that GMR Infrastructure terminated the contract for the Rs 5,700 crore Kishangarh-Udaipur-Ahmedabad Expressway with NHAI on g
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Achieving 20 km/a day is not sustainable: NHAI
Due to delays in environment clearance and issues of land acquisition building 20 km of highways a day is not sustainable, National Highways Authority of India (NHAI) has said on January 17.