The Indian primary steel industry has witnessed a sharp reboundfrom the second half of fiscal 2021despite the challenges posed by the Covid-19 pandemic. While the pandemic-related risks persist, sector analysts at CRISIL Ratingsbelievegrowth momentum for the steel industry could sustain in FY2022. This would help steel makers fortify balance sheets even as they continue to...
Category: Coal & Mining
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China Powers Spiralling Steel Prices
Domestic steel prices have witnessedan unprecedented rise from the second half of FY2021.The economic support measures unveiled by various countries will keep the demand for steel high. The near absence from the world export market and a higher import by China are among the major factors keeping steel prices at elevated levels. Continued higher demand...
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India clears way for major reforms in metals & minerals sector
An analysis of the recently passed Mines and Minerals Amendment bill
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NMDC-MECL ink agreement for pan-India mineral exploration
The country’s largest iron ore producing company, the National Mineral Development Corp. (NMDC) Ltd signed a memorandum of understanding (MoU) with the Mineral Exploration Corp. Ltd (MECL) to collaborate and conduct exploration in mutually agreed projects for iron ore, gold, coal, diamond and other minerals across various states.
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New mining reforms to be announced shortly: Coal Secretary
Secretary, Ministry of Coal, Anil Kumar Jain has indicated that as per the discussion report and recommendations made by a high-level committee, the ministry was likely to announce new mining reforms in the next few weeks.
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States to garner Rs 66.56 bn in revenue from first commercial coal mine auction: Joshi
Union Minister of Coal, Mines and Parliamentary Affairs, Pralhad Joshi has said states will garner a total revenue of Rs 66.56 bn annually from the success of the nation’s first-ever commercial mining auction.
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Coal import bill down Rs 1 trillion in four years
Due to a steady domestic production and improved quality control, India saved over Rs 1 trillion in coal import bill over the last four years.
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12 per cent more coal supplied by Coal India
Coal India supplied 21 million tonne of additional coal to the power sector during April-August 2018 as compared to the previous corresponding period.
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Coal shortage at MetturÂ’s 600 MW unit
One of the thermal units at Mettur generating 600 MW has been shutdown as the coal scheduled to arrive from West Bengal and Odisha has been delayed due to the floods in the mines.
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Odisha commissions largest coal gasification plant
A basic oxygen furnace as well as other facilities at the integrated steel plant of Jindal Steel and Power were inaugurated by Union Steel Minister, Chaudhary Birender Singh and Union Petroleum Minister, Dharmendra Pradhan.