In a bid to take the generation capacity to 8,600 MW in the next five years, Jindal Steel and Power (JSPL) is looking to invest about Rs 20,000 crore in its power business.
Category: Materials
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Tata Steel bags Prime MinisterĂâs Trophy for Best Performing Integrated Steel Plant
Mumbai, April 1, 2015: Tata Steel Limited was conferred with the Prime MinisterĂâs Trophy today at Rourkela for being the ĂâBest Performing Integrated Steel PlantĂâ in the country during the performance year 2010 - 2011. In recognition of the CompanyĂâs outstanding performance, the Prime Minister's Trophy was presented by the HonĂâble Prime Minister of India, Shri Narendra Modi, to Mr. T V Narendran, Managing Director, India & South East Asia, Tata Steel
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Tata Steel divests its entire stake in Lanka Special Steels Limited
Mumbai, April 1, 2015: Tata Steel Limited (ĂâTata SteelĂâ) today announced that it has divested its entire stake in Lanka Special Steels Limited (ĂâLSSLĂâ) to E.B. Creasy & Company PLC (ĂâEBCCĂâ) for a total consideration of LKR 433 million (around Rs. 20.4 crore) in an all cash deal.
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Jindal Steel & Power releases its first Business Sustainability Report
Jindal Steel and Power Limited (JSPL), IndiaĂ´s leading steel and power company, has released the companyĂ´s first Business Sustainability Report for FY 2013-14; showcasing Innovation as the corner stone of Sustainable Business.
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Rising freight cost may impact steel firms
The sharp rise in railway freight could hit the steel industry, which is already reeling under high raw material cost and weak demand. In the last six months, the logistics charges for the steel industry have gone up by 20 per cent to about Rs 2,400 a tonne, and companies are not able to pass on the incremental cost to the end user due to weak demand.
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Infrastructure creation for 4 mega steel plants
Creation of basic infrastructure for four mega steel plants, estimated to cost $40 billion, has been put on the fast track with SAIL and RINL
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First coastal cargo from NMP to Lakshadweep
The New Mangalore Port (NMP) handled the first coastal cargo to Minicoy of Lakshadweep Islands following directions from the Ministry of Shipping to give priority to coastal shipping activities.
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Relaxation for KIOCL
The government has allowed Kudremukh Iron Ore Company Ltd (KIOCL) to directly export iron ore pellets in a bid to revive the cash-starved company.
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JSPL to supply rails for freight corridor
Jindal Steel and Power (JSPL) has got a large order to supply around 88,000 tonne of long rails to the Tata- Aldesa joint venture for use in the Eastern Dedicated Freight Corridor.
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Core infrastructure posts strongest growth in April
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.