JSW Steel, which aims to produce 9 million tonne (mn t) of steel in 2013-14, plans to use low-grade iron ore dumps, with 46 per cent iron (Fe) content, at its Bellary steel plant owing to shortage of high-grade ore. The company, which has an annual iron ore demand of 15 mn t, finds very difficult to secure it. It created capacity of 20 mn t at its benefication plant, used 52 per cent Fe iron ore and survived for the last two years. Now, it is targeting 46 per cent Fe grade iron
Author: admin (Infratructure Today)
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SAIL conducts study for Rs 15 bn project
CS Verma, Chairman of SAIL informed that the company is conducting environment impact study for its Rs 1,500 crore iron ore nugget plant in Durgapur, which it plans to implement in a joint venture with Japanese steelmaker Kobe Steel. Verma said this will be the second such project in the world after USA. The JV agreement has been finalised, he told reporters. He said it would take five to six
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OVL JV to acquire 10% stake in Mozambique field
A joint venture company of ONGC Videsh (OVL) and Oil India (OIL) decided to acquire 10 percent stake of Videocon Mauritius Energy in Videocon Mozambique Rovuma 1 gas field for $2.475 billion. In the newly incorporated joint venture company, OVL holds 60 percent stake, while OIL has the remaining 40 percent
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Hyderabad faces shortage of CNG
Some parts of Hyderabad are facing shortage of
Compressed Natural Gas (CNG) as oil companies are allegedly not supplying the fuel in required quantity at the 12 CNG outlets in the city and its surroundings. Each outlet requires 1,500 to 1,800 kg of CNG every day but oil companies do not supply the required quantity. They hardly supply about 1,000 kg to each outlet, said Rajiv Amaram, Joint Secretary (South), Conf
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Ore volume at PPT rises 329%
Paradip Port Trust (PPT) handled 329 percent more iron ore at 7.65 lakh ton during April-May 2013 compared to 1.78 lakh ton in the year-ago period. The strong growth in ore throughput from the port has given rise to hope of a revival in its export, which has been dwindling for the past couple of years. During the two months, the port witnessed rise in throughput in some other cargoes as well. The other item
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Private firms bid for Rs 17 bn Haldia Dock II project
RPS Kahlon, Chairman of Kolkata Port Trust (KoPT) informed that Concast-Hyundai and Adani Ports showed interest in developing the second dock facility at Haldia. KoPT wants to implement the Rs 1700-crore project, which involves setting up four berths at Salukhali named as Haldia dock II
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Vizag port seeks Rites’ suggestion for Rs 6.3 bn project
Visakhapatnam Port Trust (VPT) mandated Rites to study the revenue sharing model for the proposed Rs 634-crore second container berth project at the port. VPT roped in Rites to suggest a revenue sharing model because it is not satisfied with the revenue share offered by Visakha Container Terminal Private Limited (VCT
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DP World offers incentives to woo Blore trade to Kochi
Terminal operator DP World has announced concessions to the traders from Bangalore to attract more rail volumes. The company has come out with an incentive of Rs 1,500 for 20 ft containers and Rs 3,000 for 40 ft containers to all customers using the rail service for Exim-laden containers from Inland Container Depot (ICD), Whitefield, operated by Container Corporation of India.
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Bihar to build 50,000 km roads in 5 yrs
Bihar government will construct a network of 50,000 km of roads in the next five years, said Rural Works Department Minister Bhim Singh on June 10. Presenting the annual report of his department, Singh said while 11 districts are covered under Pradhan Mantri Gram Sadak Yojana (PMGSY), the remaining districts would be covered under Mukhyamantri Gram Sampark Yojana (MGSY).
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Renovation of Hubli bus terminus faces deadlock
In Hubli, renovation of the decades-old City Bus Terminus (CBT) at Bandiwad Agasi is in pending despite the government sanctioned funds and released work orders. When the government came under public pressure, the North West Karnataka Road Transport Corporation decided to give a facelift to the CBT and called for tender for the construction of a five-storey building at the terminus.