FICCIÂ’s latest quarterly survey has reported a decline in the outlook for the sector for Q-4 of 2016-17 due to rising cost of production, which has impacted the competitiveness of the sector in the last few months.
Category: Materials
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Mitsubishi Corp to be part of Europe’s largest battery storage project in Germany
Mitsubishi Corporation (MC) has announced that it will be working through Enspire ME, a fifty-fifty joint venture established between MC and Eneco, an integrated energy company from the Netherlands, to provide services based on a large-scale battery energy storage system (BESS).
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Infra push to see cement demand improve to 5percent in FY18, says ICRA
An expected revival in the infra space may help cement demand to grow to around 4 to 5 per cent in the next fiscal, according to ratings agency ICRA.
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Essar Steel IndiaÂ’s flat steel production up 47percent in FY2016-17
Essar Steel India Limited (EStIL) has substantially improved its performance for the year ended March 31, 2017. The total flat steel production registered a growth of 47 per cent at 5.6 million tonnes (MT), compared to 3.8 MT in the corresponding period last year. Pellet production also grew by 60 per cent to 9.3 MT compared to 5.8 MT in the same period last year.
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Crude steel production up 8.9% at 8.1 MT in February
Indian crude steel production registered a growth 8.9 per cent to 8.1 million tonnes (MT) in February compared to the same month last year, the World Steel Association has said.
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Welspun Steel gets green nod for Rs 14,690-cr Gujarat project
Welspun Steel Ltd (WSL) has received environmental clearance for setting up an integrated steel plant with production capacity of 3 million tonnes (MT) per annum in Gujarat at an estimated cost of Rs 14,690 crore.
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Primero Skills launches RPL under PMKVY in partnership with Bhushan Steel
Primero Skills would be conducting recognition of prior learning (RPL) of 3,000 people in the steel sector in eastern India under the Pradhan Mantri Kaushal Vikas Yojana (PMKVY) being executed by the Ministry of Skill Development and Entrepreneurship and National Skills Development Corporation (NSDC).
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Govt gives nod to outright sale of 3 SAIL special steel plants
The government has approved outright sale of state-owned Steel Authority of India Limited's (SAILs) three special steel units, including the Salem and Alloy Steel plants.
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Industry urged to make sustainable plastics for developing infrastructure
Railways Minister Suresh Prabhu has underlined the need for developing sustainable infrastructure and creating opportunities for moving to the next level of a sustainable paradigm.
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Burnpur Cement announces new product
Kolkata-based Burnpur Cement is to launch a new product, Pozzolona Portland Cement (PPC), according to a statement to the Bombay Stock Exchange. PPC will be made at the company's Patratu plant. Production will begin by the 3rd week of April.