A 2.5 million tonne Steel Melting Shop (SMS) and allied unit have been commissioned by Jindal Steel & Power (JSPL) as part of its 6 million tonne per annum (mtpa) greenfield integrated steel project in Angul, Odisha. Dinesh Saraogi, Executive Director of JSPL, Angul Unit said with this landmark achievement, the firm completed the 2.5 mn tpa steel production capacity in the f
Tag: JSPL
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Stemcor holds parleys with JSPL on selling local unit
Unconfirmed reports indicate that Stemcor is holding discussion with Jindal Steel and Power (JSPL) to sell its Odisha-based unit, Brahmani River Pellets (BRPL). BRPL, which is a unit of the US-based steel trader, owns a pellet plant at Jajpur in Odisha. The pellet plant gets iron ore through a 220-km underground slurry pipeline from BRPL's 4-million tonne per annum bene
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RINL urges AP govt to seek ministry nod for mine allotment
Andhra Pradesh government received a request from AP Choudhary, Chairman and Managing Director of Rashtriya Ispat Nigam (RINL) to seek the approval of the union ministry of mines for allocating Bayyaram iron ore mines at Khammam district. The company is learnt to have agreed to invest Rs 42,400 crore in the state and the state government agreed to facilitate allotment of iron ore mines to RINL on pr
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JSPL aims to be third largest steel maker in 2 yrs
Jindal Steel & Power (JSPL), which is currently the country's sixth-largest steel producer, plans to climb to the third slot by 2015. By 2015, the firm reportedly aims to raise its steel capacity to 14 million tonne per annum (mtpa) and pellet (direct reduced iron) capacity to 14.5 mn tpa. The firm plans to set up a 6 mn tpa steel plant in Angu
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RINL chief calls for reducing cost of operation
There is a need to improve the operation process in steel companies in order to reduce cost of production, AP Choudhary, Chairman and Managing Director of Rashtriya Ispat Nigam (RINL) said in an event. He said the cost of production could be largely reduced through improvement in techno-economic parameters, such as specific energy consumption, raw mat
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JSPL to invest in NewCo
According to an agreement with the Australian firm Apollo Minerals, Jindal Steel and Power (JSPL) would invest A$10 million in NewCo, which is a new company to be formed from the demerger of Apollo's business. Apollo Minerals is a diverse iron ore, base and precious metals exploration company. As part of the demerger, all iron ore assets will be transferred to New
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Govt aims to raise India’s ranking in steel output
AP Choudhary, CMD of Rashtriya Ispat Nigam (RINL) informed that government plans to raise India's global ranking in steel production to second from the present fourth position by 2020. India currently produces 71 million tonne (mn t) of steel per annum and is placed at the fourth position, China occupies the first position with over 600 mn t per annu
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JSPL to raise capacity of Angul plant by 4 mn t
Jindal Steel and Power (JSPL) plans to raise the capacity of its steel plant at Angul in coastal Odisha by 4 million tonne (mn t) in the second phase and is working to secure funding for the project. The company is considering 60:40 debt debt-equity ratio for the 4 mn t expansion. But it is not known how much would be the capital expenditure on the second phas
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Rio Tinto to ship HIsmelt unit to Chinese firm
The Rio Tinto Group decided to ship its steel making equipments based on HIsmelt technology from its plant at Kwinana, Australia to the Chinese steel maker Molong as the latter has a more urgent need for the technology. It may be recalled that the Australian miner earlier agreed to shift the equipment to India at Jindal Steel and Power's (JSPL) existing facility at Angul in Orissa.
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JSPL not to acquire ore mine of Afferro Mining
In an official statement, Jindal Steel and Power (JSPL) said it does not want to buy Afferro mines iron ore in Canada because of several drawbacks with the mine. According to JSPL, The deal with Afferro Mining did not materialise, because much of the proven iron ore reserve at the Afferro site in Cameroon has low-grade magnetite for which beneficiation reports have not been