Vedanta Resources Group's operating profit almost doubled to $882.3 million for the quarter ended December, while revenue rose 26 per cent to $3.06 billion on the back of higher production volumes, mainly zinc.
Tag: metal
Post
Post
Sterling generators provide one-stop solution for mining applications
Having the colossal capability of engineering, manufacturing, project execution and servicing a complete diesel generator-based power generation plant, Sterling Generators is the one-stop power solution provider.
Post
Finished steel consumption inches up 0.2%
During Apr-Jul 2013, consumption of finished steel in India rose just 0.2 per cent to 24.1 million tonne (mn t) on year-on-year basis. During the same period, steel output grew 3.1 per cent to 26.1 mn t, from 25.3 mn t during the year-ago period. The muted growth in steel consumption is attributed to poor off-take by large sectors like construction and auto
Post
Crude steel output rises 47% for JSW Steel
Crude steel production rose 47 per cent for JSW Steel
at 9.91 lakh tonne in July from the year-ago month, the firm said in an official statement. This consists of 7.96 lakh tonne of flat product and 1.86 lakh tonne of long product. In July, 2012, the companyÂ’s crude steel output was at 6.76 lakh tonne. The firm produces steel from its three manufacturing locations, Vijayanagar, Salem and Dolvi
Post
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
Post
AP govt gets request to transfer lease to Bramhani Steel
Some political parties urge the Andhra Pradesh government to transfer the mining leases alloted to Obulapuram Mining Company (OMC), which is facing charges of illegal mining, in favour of Bramhani Steel. Former Karnataka Minister Gali Janardhana Reddy and his brothers are the promoters of Bramhani Steel. They also own the
Post
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
Post
India consumes 3.5% more steel in April
Data from Joint Plant Committee (JPC), an arm of the union steel ministry, shows that the country's steel consumption grew 3.5 percent to 5.6 million tonne (mn t) in April 2013 from 5.4 mn t in the same month. Steel consumption in April 2013 is slightly more than the average 3.3 percent growth in 2012-13. The Indian economy consumed 73.3 mn t steel in the previous fiscal compared to 71 mn t in 2011
Post
Finished steel output rose 0.5% in Feb 2013
Union Minister of Steel Beni Prasad Verma informed that provisional data released by Joint Plant Committee (JPC) indicates that production for sale of total finished steel increased 0.5 percent in February 2013 as compared to a growth of 4.3 percent (and not 8.7 percent) in February 2012. In a written reply in the Rajya Sabha Verma said, Steel being a deregulated sector, the role of the government is that of a facilitator providing a conducive polic
Post
Panel revokes green nod for Posco project
South Korean steel major Posco will have to take environmental clearance again for at least some part of its proposed Rs 54,000-crore integrated steel plant in Odisha as the statutory environment panel revoked the existing clearance. The company has been asked by the expert appraisal committee on industry to furnish detailed infor
- 1
- 2