The company will oversee the project from concept to commissioning, scheduled for completion within 42 months across a 472âhectare site. The railway infrastructure major, Rail Vikas Nigam Ltd (RVNL), has been awarded a landmark project by the mining sector leader, NMDC, for the execution of a stateâofâtheâart buffer stockpiles and blending yard facility at Visakhapatnam,...
Tag: Iron Ore
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Opinion: Growth momentum in steel to continue into FY2022
The Indian primary steel industry has witnessed a sharp rebound from the second half of fiscal 2021 despite the challenges posed by the Covid-19 pandemic. While the pandemic-related risks persist, sector analysts MANISH GUPTA & NAVEEN VAIDYANATHAN of CRISIL Ratings believe growth momentum for the steel industry could sustain in FY2022. This would help steel makers fortify balance sheets even as they continue to invest for future growth.
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We are implementing projects worth Rs.7,000 crore
Considerable investments are planned through private sector participation in addition to investments through internal resources of VPT for port modernisation in the major thrust areas of deepening of channels and berths, development of new berths, modernisation and mechanisation of existing berths and improvements in connectivity and other logistics such as multi-model logistic parks, said MT Krishna Babu, Chairman, Port of Visakhapatnam.
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Iron ore traffic falls by 28per cent at major ports
Iron ore traffic, including pellets, at major ports saw a sharp fall of 28 per cent in financial year 2015-16 as imports declined because of weak demand. Total iron ore cargo fell to 13 mn t from 18 mn t a year ago.
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ChPT to handle met coke
Chennai Port Trust (ChPT) plans to handle metallurgical coke and petroleum coke to make up for the loss of dusty cargo like coal and iron ore. The new cargo will be handled on a trial basis for six months,
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Odisha aims to reopen18 more mines by July-end
The state mines department has set an internal timeline to restart operation at 18 more mines, which were closed by the Supreme Court order, pending second and third renewal of their lease terms, by the end of July next.
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Paradip port targets 5.5 mt iron ore exports
During this financial year, Pradip Port Trust (PPT) targets to export 5.5 million tonne iron ore, including about 1.5 million tonne iron pellets. This is 300 per cent more than the 1.8 million tonne iron ore exports recorded by the port last year.
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JSWĂâs Vijayanagar plant to run at full capacity
Due to iron ore supply issues, JSW SteelĂâs Vijayanagar plant in Karnataka is currently running at 85 per cent capacity utilisation level. While the Supreme Court has approved the opening of 115 Category A and B iron ore mines in Karnataka, only 15 are up and running.
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Sales of NMDC up by 8% in April-September
In the first half year of this fiscal ended September 30, 2013, NMDC, the country's largest iron ore mining company, has reported a 8 per cent rise in sales of iron ore. The company has said it sold 13.75 million tonne of iron ore between April-September 2013, up from 12.72 million tonne in the same period last year.
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Paradip port achieves 33.13% growth in cargo handling
In the first six months of the current financial year, the Paradip Port Trust (PPT) handled 34.12 million tonne of cargo. This is an increase of 33.13 per cent compared to 25.63 million tonne last year and is also 7.53 per cent higher over the target fixed for the period.