Data from the World Steel Association (WSA) shows that steel output in India contracted a marginal 0.5 per cent to 6.2 million tonne (mn t) in February from 6.229 mn t in the year-ago month. During the same month, global steel production expanded 1.2 per cent to 123 mn t. The US produced 6.7 mn t steel in February 2013, down 11.8 per cent over the same month last year
Tag: output
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Subdued demand, rain hit output of NMDC
Subdued demand and incessant rain affected the sale of iron ore by state-run miner NMDC. Iron ore sales of the company declined to 5.9 million tonne (mn t) in the quarter ending September 2012 compared to 7.6 mn t in the year-ago period. Similarly, in the December 2012 quarter, the firm witnessed decline in ore sales to 5.3 mn t from 6.4 mn t durin
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MOIL output rises 6.13%
MOIL, a Miniratna Category-I PSU, produced 8.02 lakh tonne of manganese ore during the year 2012-13 (April to December, 2012), and this is 6.13 percent higher as compared to corresponding period last year. The company achieved a total sales turnover of Rs 700.30 crore during the period. It earned profit before tax
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OVL to resume production from South Sudan asset
Reports indicate that Oil and Natural Gas Corp. (ONGC), the overseas unit of state-owned, decided to start production from its oil field in south Sudan hoping that the issue of transit fee for may be resolved amicably. Daniel Peter Othol, South SudanĆās ambassador to India mentioned that crude oil would flow by the end of this
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OIL plans to spend large portion on exploration
Reports suggest that Oil India (OIL) plans to spend over 32 percent of the planned capital expenditure (capex) in the 12th Five Year plan period (2012-17) towards exploration which will enhance its current reserve base. According to analysts, the cost of production of the company for oil and gas is amongst the lowest in the world. This is mainly on account of the fact that most of the production for OIL is
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Govt clears exploration in some oil and gas blocks
At a recent meeting of the National Secretary Advisor Shivshankar Menon and Principal Secretary to Prime Minister Pulok Chatterji, it was decided to clear Reliance Industries' (RIL) producing KG-D6 block and gas discovery area NEC-26. The meeting, held on February 27, decided to clear fully the exploration and production at the blocks and also
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Coal India’s cost to rise owing to diesel price hike
Minister of State of Coal Pratik Prakash Bapu Patil informed Rajya Sabha that the rise in petrol and diesel prices will impact the cost of coal production in the country. The rise in diesel price would increase the cost of production of Coal India (CIL), which accounts for over 80 per cent of the domestic coal mining, by Rs 600 crore per annu
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KCC mines being modernised at Rs 533 cr
Khetri Copper Complex (KCC), which is part of Hindustan Copper, produced 10.00 lakh tonne of ore in 2011-12 compared to 9.72 lakh tonne in the previous year. Hindustan Copper has taken steps to enhance the ore production of KCC mines from the current 10 lakh tonne to 31 lakh tonne with modern equipment and technology in the next five years at an estimated cost of Rs 533.00 cror
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Sangam invested Rs 5 bn on steel venture
Sangam Group invested Rs 500 crore in Mahalaxmi TMT, its steel venture company. Mahalaxmi TMT commissioned a 240,000 tonne per annum steel plant at Devali, near Wardha in Maharashtra. The plan would produce mild steel billets through induction furnace route and it would use the lates
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Survey suggests govt to take steps to boost gas output
Economic Survey 2012-13 suggested government to take measures to boost natural gas output in the country. It may be noted that the average natural gas production in 2011-12 declined 1 percent to 130 million metric standard cubic metre per day from the previous year