India has asked state-controlled National Aluminium Co Ltd (Nalco) to re-think its overseas expansion plans including a proposal to set up a $2 billion smelter unit in Iran
Category: Materials
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KONE wins order to equip Lusail Light Rail Transit System in Doha
KONE, a global leader in the elevator and escalator industry, has won an order for 139 elevators, escalators and autowalks to be installed at the Lusail Light Rail Transit system , a railway transportation project currently under construction in the new city of Lusail, north of Doha, Qatar. Developed by Qatar Rail, the new sustainable transport system is expected to accommodate the 250,000 inhabitants of Lusail and serve around 40,000 daily visitors.
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Ajax Fiori rolls out its 7000th Self-Loading Concrete Mixer
It was celebration time at AJAX FIORI as it rolled out its 7000th Self Loading concrete mixer from its Doddaballapur facility near Bangalore on 22nd August, 2016. The milestone was achieved when the ARGO 2000 machine was delivered to B Dasthagiri Reddy, Managing Partner, M/s BDR Infra Solutions, Anantapur, Andhra Pradesh, at their factory premises.
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NALCO may have to revisit Iran smelter unit plan
India has asked state-controlled National Aluminium Co Ltd (Nalco) to re-think its overseas expansion plans including a proposal to set up a $2 billion smelter unit in Iran, a top official has said.
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ExxonMobil launches Mobil Serv Lubricant Analysis in India
ExxonMobil Lubricants Private Limited has announced the launch of Mobil ServSM Lubricant Analysis, its new mobile-enabled used oil analysis service, in India.
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Durable Beauty
BASF, one of the world´s largest chemical producers, headquartered in Ludwigshafen, Germany, decided to build a manufacturing unit in Chennai for making catalytic converters used in automobiles. Aswathanarayana & Eswara LLP, a 50-year old Architect and Consulting firm in Chennai, was considered as an architect and consultant for the project.
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Panel defers green nod to IOCL´s Styrene project
The Centre´s green panel has deferred its decision on granting environment clearance to state-run Indian Oil Corporation Ltd´s (IOCL) Rs.593 crore Styrene and Ethylene project at Panipat, in Haryana, for want of more information.
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Tata Steel drops Gopalpur plant plan
Tata Steel has dropped plans to set up a ferrochrome complex at Gopalpur in Odisha but will build a plant with a capacity of 55,000 tonnes at the same place. This unit is scheduled for commissioning by the first week of September.
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Tata Steel starts export of Tata Ferroshots from its Kalinganagar steel plant
Tata Steel has started export of Tata Ferroshots from its steel plant located in Kalinganagar in Jajpur district of Odisha. Rajiv Kumar, Vice President (Operation) of Tata Steel Kalinganagar Plant flagged off the first export consignment to a South East Asian country on August 23, 2016.
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Debt of top 30 steel firms at $150 bn
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.