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.
Category: Materials
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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.
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Tata Steel launches new product for construction industry
A new value added product for the construction industry is to come from Tata Steel. It is called as 'Ground Granulated BF Slag' (GGBS). Tata Steel has planned to introduce the product very soon in the country, say media reports. GGBS has been widely used in developed economies for years and of late was also getting used in major construction projects in India, a company release said.
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Govt to expand Bhilai Steel Plant at Rs 17,266 cr
The Bhilai Steel Plant's turnover for the last April-September period is Rs 8,406 crore and the Profit Before Tax (PBT) earned by the company is Rs 940 crore, said the Union Minister of Steel Beni Prasad Verma in Lok Sabha on December 9. The company is being expanded at Rs 17,266 crore, he added.