In order to gain foothold in a growth market, overseas steel manufacturers may make strategic investments in smaller steel mills in India, agency reports suggest. Such investment by foreign steel firms may be beneficial for both the investor and the local company. The local partner gets both funding and technology while the
Tag: capacity
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GAIL expects to use 75% capacity in 5 yrs
Media reports suggest that state-run GAIL India expects to achieve around 75 per cent capacity utilisation of its gas transmission network on an average in the next five years. The company expects to achieve this capacity utilisation given that it would have a total capacity of around 250-300 mmscmd by fiscal 2016-17 and have an expe
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GAIL expects to use 75% capacity in 5 yrs
Media reports suggest that state-run GAIL India expects to achieve around 75 per cent capacity utilisation of its gas transmission network on an average in the next five years. The company expects to achieve this capacity utilisation given that it would have a total capacity of around 250-300 mmscmd by fiscal 2016-17 and have an expe
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DPCL may start Rs 100 bn expansion project in 2 years
Santosh K Mohapatra, Chief Executive Officer of Dhamra Port Company (DPCL) informed that the company may start second phase expansion of the port in two years. He said environment clearance for the project is in advanced stage. Once expansion for the second phase is begun, it would be completed
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Majority of JSW Steel shareholders clear merger plan
In a communication to stock exchange, JSW Steel said it received approval from 99.99 per cent of shareholders in a recent meeting for merging JSW Ispat Steel with the company. Following this, the company awaits the approval of the Bombay High Court to complete the merger process
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Tata Power suggests steps to boost power sector
Tata Power Managing Director Anil Sardana urges government to take policy measures to enable the power sector grow at 12 per cent every year. He said the power sector must grow at 12 per cent every fiscal in order to support a GDP growth of 7-8 per cent
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India continues to rank 4th in steel output
Data from World Steel Association (WSA) reveals that India continues to rank fourth in the global steel production after China, Japan and the US in 2012. Even in 2011 and 2010, the country was the worldĂâs fourth largest steel maker with a total production of 73.6 mn t and 69 mn t steel output respectively. In 2012, India
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NMDC plans to ramp up ouput
During Jan-Mar 2013, NMDC plans to increase its iron ore production in order to make for the shortage of output in the Apr-Dec 2012 period. Between Apr-Dec 2012, the firm produced 175.56 lakh tonne, which is down from 202.79 lakh tonne a year ago.
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Essar Ports aims to handle 55 mn t cargo
Essar Ports aims to handle 55 million tonne (mn t) of cargo in 2012-13 compared to 40 mn t it had handled in the previous fiscal. It may be noted that the port recently commissioned a 16 mn t per year dry bulk terminal at Paradip Port for handling iron ore mainly for its group company Essar Steel and dry bulk cargo for third party cont
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Steel firms seek alternate funding sources
According to some reports, India's steel production capacity may rise to 200 million tonne per annum (mn tpa) by 2020 from the current level of around 90 mn tpa and this would require an investment of $110 billion in the next six-seven years. According to the working group on steel industry for the 12th Five Year Plan, the sector may need an investment of Rs 2.5 lakh crore up to 2017 for adding 60 mn t