A joint venture company set up by Rashritya Ispat Nigam (RINL) and MOIL in July, 2007 is revisiting the Rs 200-crore ferro alloy plant project and plans to set it up at an alternative location in Vizag, agency reports indicate. RINL-MOIL Ferro Alloys Pvt Ltd, in which both firms have equal stake, was formed to set up the plant at Vizianagaram in Andhra Pradesh in 2007. However, the project was found to be unviable at this
Tag: factory
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Task force clears steel projects
A task force of the union government has reportedly cleared Rs 100.53 billion (bn) worth investment projects ,involving eight proposals. These projects include one steel plant and numerous pelletisation projects. Of these, Kalinga Steel Tech Pvt Ltd plans to set up a new integrated steel plant with a capacity of a 1.2 million tonne per annum in the Sundargarh district
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JSW hopes to operationalise new plant by Dec
Sajjan Jindal, Chairman and Managing Director of JSW Steel informed that the firm would begin production at its upcoming 2.3 million tonne plant in Bellary, Karnataka from December 2013. The company is setting up the plant specifically for the auto-industry and it would produce high-grade automotive steel
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Railways invite RfQ for Rs 320 bn projects
Media reports indicate that the Indian Railways invited requests for qualification (RfQ) from domestic and foreign firms for setting up two locomotive factories at an investment of Rs 32,000 crore. The Railways expects to award these two projects, which include setting up diesel locomotive factory and a electric locomotive factory, by December. The Railways planned to set up an electric locomotive factory at Madhepura and a diesel locomotive factory at Marh
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Factory output grows a tepid 2% in April
Factory output as measured by the index of industrial production (IIP) grew at a slower rate of 2 per cent in April on a year-on-year basis compared to the revised growth of 3.4 per cent in March 2013. In April 2012, the IIP declined 1.3 per cent. Among sectors, mining output declined 3 per cent in April, while manufacturing and electricity production grew 2.8 per cent and 0.7 per cent respectively
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Factory output rises a tepid 0.6%
Factory output as measured by the Index of Industrial Production (IIP) grew a marginal 0.6 percent in February 2013 from the year-ago month. The cumulative growth for the period April-February 2012-13 over the corresponding period of the previous year stands at 0.9 percent
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BHEL agrees to set up MEMU manufacturing unit
Bharat Heavy Electricals (BHEL) signed a Memorandum of Understanding (MoU) with the Indian Railways to set up a Greenfield MEMU coaches manufacturing facility at Bhilwara in Rajasthan. Indian Railways introduced Main Line Electric Multiple Unit Trains, popularly known as MEMU trains, in the Year 1994-95, as a mode of rapid transit system, to cate
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IIP grows -0.1% in November
The Index of Industrial Production (IIP), which measures output in mining, manufacturing and electricity sectors, contracted 0.1 per cent in November 2012 as against 6 per cent growth in November 2011. In October 2012, the index grew 8.3 per cent on the back of increase in output during festive season. The man
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JSW Steel yet to sign final pact on steel project
JSW Steel is reportedly dragging its feet in signing a final development agreement with the state government for its proposed 10 million tonne (mn t) steel plant at Salboni, West Bengal. Once the agreement is signed, the company will be given a definite timeframe to commission the plant in the s