Finally, bringing some relief to the Centre the core infrastructure industries have rebounded in the month of April. The surge in infrastructure output from 2.5 per cent in March to 4.2 per cent in April indicates an uptick in the economy.
Category: Materials
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Legal eagle
Avantha Group Company CG has appointed Ravi Rajagopal as its Executive Vice-President & Global Head - Legal, Governance and Risk. Rajagopal will also be a member of the Executive Committee of CG.
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Lalitanjali Group to set up steel park in Vizag
Hyderabad-headquartered Lalitanjali Group, focused on strategies, industry entry planning, market research and raw material sources, is planning to set up the country's first steel industrial park in Visakhapatnam with an investment of Rs 650 crore, according to chief executive officer Rahul Rao.
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JSPL commissions Oman steel plant
Jindal Steel and Power (JSPL) has commissioned a 2 million tonne per annum integrated steel plant at Sohar in Oman with a total investment of $800 million. JSPL runs the facility, the third largest unit in Middle East and in the gulf region
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Supporting online activities
B Satish Kumar, the Managing Director of Steel Exchange India, is a B Tech from Regional Engineering College, Kurukshetra. He has done his Masters in Business Administration from the University of Queensland, Australia
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Steel prices increased upto Rs 1,500 per tonne
Expecting demand to pick up in 2014, most of the domestic steel producers have raised the steel prices between Rs 1,000 to Rs 1,500 per tonne. This move is aimed to offset increase in input and transport cost.
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Steel: Bullish long term!
Hindsight: It has been a challenging year for Tata Steel as our expansion in capacity has coincided with a slowdown in steel-consuming sectors like automotive and construction. However, as we have opened up new market segments like SME and further leveraged our existing customer relationships and distribution network, we have grown at 10 to 12% over last year which is much better than the market.
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Lifting solutions from Konecranes
Konecranes introduces lifting solutions that provide high levels of flexibility, performance, and safety. They have been developed to meet the needs of the steel industry -from the raw material handling to the steelmaking, rolling and refining processes. Konecranes supplies all types of cranes, such as ladle, charging, billet, slab, coil, bar and plate handling, and scrap yard.
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APSEZ appointed consultant to Dhamra Port
Adani Ports and Special Economic Zone (APSEZ) has been appointed as a management consultant to Dhamra Port, an equal joint venture of Larsen and Toubro (L and T) and Tata Steel. Dhamra Port wanted the expertise of Adani Ports in running the port.
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Tata Steel eyes Rs 1,000 cr via sale of Mumbai plot
In Mumbai, Tata Steel is going to sell 25 acres of prime land in Borivali. The company is expecting to get at least Rs 1,000 crore, said media reports quoting property consultants.