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NTPC added 4 gw capacity in FY13

NTPC added 4 gw capacity in FY13

State-run power producer NTPC added 4,170 mw of generation capacity during 2012-13 surpassing its earlier best capacity addition of 2,820 mw in 2011-12. The company currently has an installed capacity of 41,184 mw through 16 coal based, two solar renewable, seven gas or liquid fuel and seven Joint Venture power stations

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JSW Steel aims 10% growth in FY14

JSW Steel aims 10% growth in FY14

Sajjan Jindal, Chairman and Managing Director of JSW Steel said the firm aims to achieve 9-10 per cent growth in volume and sales during 2013-14. He said this while releasing the earnings results for March 2013 quarter and for the full year 2012-13. During 2012-13, the firm produced 8.52 mn t of steel, with average capacity utilisation of 80 per cent. The

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VPT’s Rs 8.4 bn project faces roadblock

VPT’s Rs 8.4 bn project faces roadblock

The union cabinet may have cleared the Rs 845 crore capacity enhancement and modernisation project at the existing iron ore facilities in the Visakhapatnam Port Trust. But labour unions are opposing the proposed project arguing that it may harm the interest of the port. Recently, United Port and Dock Employees Union staged a dharna in front of administrative building of the port against the approval of the Cabinet Committee of Economic Affairs

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World steel output grows 1.2% in April

World steel output grows 1.2% in April

Global steel production grew 1.2 per cent in April 2013 to 132.11 million tonne (mn t) compared to 130.50 mn t in the corresponding month of previous year, data from the World Steel Association shows. It is noteworthy that nearly half of the global production has come from China at 65.65 mn t during the month. Steel output in the country grew 6.8 per cent over the same month last year, data the association shows

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Govt to include panel suggestions for future JNNSM projects

Govt to include panel suggestions for future JNNSM projects

Union ministry for New and Renewable Energy said it incorporated the suggestions given by an inter-ministerial committee to strengthen guidelines for selecting EPC contractors for projects under the Jawaharlal Nehru National Solar Mission (JNNSM). Following allegation of irregularities in implementing projects under JNNSM, the ministry set up the inter-minis

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CCEA to consider Rs 845 cr Vizag Port project

CCEA to consider Rs 845 cr Vizag Port project

The Cabinet Committee on Economic Affairs (CCEA) would decide on clearing the Rs 845 crore capacity enhancement project in Vishakhapatnam Port. The project involves upgradation of the existing facility and creation of an iron ore handling terminal. The terminal for handling iron ore would be set up on DBFOT (Design, Build, Finance, Operate and Transfer) basis in

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Proposed port in AP to boost cargo volume from east coast

Proposed port in AP to boost cargo volume from east coast

Industry chambers feel that the proposed Rs 8,000 crore major port in at Dugarajapatnam in Vakadu 'mandal' or block of Andhra Pradesh may boost export and import from the east coast and contribute to the economic progress of the state. It may be noted that the Cabinet Committee on Economic Affairs recently cleared the proposed port project, which is coming up on a 5,000 acre land in the stat

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Paradip port focuses on mechanising berths

Paradip port focuses on mechanising berths

SS Misra, Chairman of Paradip Port Trust (PPT) informed that the port management has given top priority to berth mechanisation and acquisition of two mobile harbour cranes. He said this while explaining the cargo volume handled by the port in April 2013. During the month, the port handled 5.65 million tonne (mn t) of traffic, thus posting 4.24 per cent growth over the same period

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NMDC produced 27 mn t iron ore in FY13

NMDC produced 27 mn t iron ore in FY13

NMDC produced 27.3 million tonne (mn t) and supplied 26.91 mn t of iron ore to domestic industries during the year 2011-12, which is around 16 percent of the countryÂ’s total production of iron ore of 167.28 million tonne (provisional). Government of India said this in a press release. This is around 23 percent of the total estimated consumption of about 116.3 mn t of iron ore by the dom