Agency reports indicate that Tata Steel expects the country's demand for steel to grow 6-8 per cent in 2013-14 assuming the economy to expand 6 per cent. The company expects major steel consuming sectors to grow well in the ongoing fiscal year, unlike last year when the growth was
Author: admin (Infratructure Today)
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Iron ore price expected to be weak
Some industry watchers expect the price of iron ore in the global market to remain weak in the coming months after rising during Jan-Mar 2013. Iron ore price is expected to be weak because of a combination of anticipated lower steel output and continuous supply growth from the major iron ore miners
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SAIL to focus on research and development
State-run Steel Authority of India (SAIL) plans to focus on research and development and technological upgradation in the areas of raw materials and product development in order to increase its efficiency. As part of this plan, the leading steel maker in the country decided to raise its R&D spending to 1 per cent of gross sales every year from the current level of arou
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Study shows steel firms must attain raw material security
Long-term success of steel companies would be determined by investment in raw material security, capital project management, customer centric measures, a study by consulting firm Accenture shows. The study also laid emphasis on building differentiated supply chains and securing human capital for t
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SAIL’s special product output rises 4% in FY13
Steel Authority of India (SAIL) produced over 5 million tonne (mn t) of special steel products designed for specific end-use in 2012-13. This is a growth of 4 percent over the last fiscal. SAIL's Bokaro unit introduced ultra high strength hot rolled and cold rolled (CR) steel, for use in auto body components in
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Home ministry gave opinion on security nod for APSEZ
The union home ministry is learnt to have given its opinion on granting security clearance to Adani Ports and Special Economic Zone (APZEZ) for participating in the proposed terminal project in Chennai port. In a representation submitted to the Chennai port late December, the APSEZ sought a review of the governmentĂâs earlier decision to deny it security clearance
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Legal experts find loopholes in lease deed
Legal experts warned that the Cochin Port Trust (CPT) may lose 26 acre of prime land at Bolgatty island if the lease holder raises loan against the land and fails to repay it. On July 26, 2011, the port authority leased out the land to a private developer by signing a lease deed. According to the deed, the lessee may seek permission from the port authority to raise loan against the la
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IIT recommends all weather port at Nagapattinam
The Indian Institute of Technology, Madras recommended the Tamil Nadu government to develop the proposed port at Nagapattinam as an Ăâall weather, deep water, direct berthing port. The state government would conduct the bidding process for the Rs 380 cr project based on reco
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Chennai port to adopt RFD to gauge performance
Chennai Port Trust (ChPT) decided to adopt Results Framework Document (RFD) in order to measure its operational performance instead of the current Memorandum of Understanding (MoU). The port would prepare a plan of action in 2013-14 based on the RFD for generating traffic based on clean cargo. The port would segregate capacity addition into three
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Govt targets to award 9,000 km road projects in FY14
The Union Road Transport and Highways Ministry on April 16 stated that it has fixed an internal target of giving 9,000 km of projects in 2013-14 to ensure award of at least 7,300 km to revive the sector. The Ministry in an official statement said that for the FY 2013-14, the internal target has been fixed at 9,000 km of National Highways so as to ensure award of at least 7300 km.