The net debt of the top 30 steel companies globally has touched a record high of over $150 billion, according to consultancy firm Ernst and Young (E&Y). The global consultancy´s report also reveals that major part of this debt is with companies in India, China and Brazil.
Category: Materials
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Jindal Steel secures coal for Chhattisgarh plant
Jindal Steel and Power has said that it has secured coal supply of 1.18 million tonnes per year (MTPA) for five years for its 540 134 MW captive power generation plants in Dongamahua and Raigarh in Chhattisgarh
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Essar bulk terminal to hike capacity by 20 MT
The Essar bulk terminal at Hazira is all set to expand from the current 30 mtpa to 50 mtpa, up by 67 per cent, by this year end. Company officials say that the terminalÂ’s current 550 metre berth will be expanded by a further 1,100 metre. Post completion, the port will have capability of simultaneously handling seven vessels at any point of time.
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Steel and style
Pre-engineered buildings (PEBs), a popular concept in North America and Europe, have been gaining momentum in India also, since their entry 15 years ago.
The major reasons behind the growth of PEBs are reduced construction time, faster occupancy, earlier returns on investment, reduced labour at site, architectural/design flexibility, eco-friendliness and easy installation and maintenance
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Trimble launches Tekla Structural Designer
Trimble has introduced the Building Information Modeling (BIM) and analysis & design solution for engineering and construction - Tekla Structural Designer 2016. The revolutionary solution, designed with BIM in mind, provides enhanced collaboration and workflow efficiency for structural steel and concrete designers.
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India´s Central Asia dreams to set sail from Chabahar
In what was arguably the most important foreign visit of the year for Prime Minister Narendra Modi, he signed a dozen deals with Iran. Emerging from decades of sanctions, Iran could soon be the most happening place for trade in the near future. Modi signed deals covering exchange visits by think tanks to a trilateral agreement between India, Afghanistan and Iran for a trade treaty to develop the Chabahar port.
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JSW to acquire JSPL´s unit for Rs.6,500 cr
JSW has announced its plans to acquire Jindal Steel & Power´s (JSPL) Chhattisgarh power plant for Rs.6,500 crore.
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Railways on Overdrive
While all the pressure to build a railway network in India in the mid-nineteenth century came from London, it is well into the 21st century that pressures of a very different kind are at work in modern-day India.
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Court convicts Jharkhand Ispat, 2 directors in scam
A special court has convicted Jharkhand Ispat Pvt Ltd (JIPL) and its two directors R S Rungta and R C Rungta in a case pertaining to irregularities in allotment of a coal block in the state to the firm. Special CBI Judge Bharat Parashar held the company and its two directors guilty of the offences under sections 120B (criminal conspiracy) and 420 (cheating) of IPC.
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Smaller ports hit as vols dip; major ports sail on efficiency
In a reversal of trend, the major ports in the country have outpaced the non-major ones in cargo growth during the first six months of the current fiscal year.