Mining firms are exporting iron ore in a big way on the back of increase in the price of the commodity in the global market and depreciation of rupee. Many miners are exporting iron ore fines and pellets to China as the price of the commodity rose considerably in recent days. Sources indicate that the prices of pellets rose from Rs 6,200 per tonne a month ago to Rs 6,700 per t
FlashNews:
India Post Preps to Reboot as Logistics Giant Under Scindia’s Watch
India’s Grade A Warehousing Demand Hits Record 26.5 Million Sq Ft in 2025
IndiGo Integrates with Digi Yatra for Seamless, Contactless Boarding
CS TECH Ai Powers Khanij Online 2.0 Rollout for Transparent Mineral Governance in Chhattisgarh
IREE 2025: Schaeffler India Showcases Future-Ready Rail Solutions at IREE 2025
IREE 2025: Vaishnaw Unveils Bold 7,000-km High-Speed Rail Vision to Power Viksit Bharat
IREE 2025: Siemens Unveils Next-Gen Rail Technologies to Drive India’s Mobility Transformation
IREE 2025: RVNL Showcases Engineering Prowess at Asia’s Largest Rail Exhibition
Sonowal Unveils Eight Maritime Projects to Mark New Mangalore Port’s Golden Jubilee
Air India Adds 174 Weekly Flights Across Domestic and Southeast Asia Routes for Winter 2025
Windergy India 2025: Chennai to Host Three-Day Global Dialogue on Wind Power Scale, Policy, and Innovation
India Unveils $1 Trillion Maritime Roadmap Ahead of Global Shipping Summit
Airtel, Google, and AdaniConneX to Build India’s First $15 Billion AI and Data Hub in Visakhapatnam
Air India Adds 166 Festive Flights to Patna for Diwali and Chhath Puja
THINK Gas Cuts CNG and DPNG Prices Across UP, Bihar, and Punjab Ahead of Festive Season
Hinduja Renewables Appoints Deepak Thakur as MD & CEO
India’s GalaxEye to Launch World’s First Multi-Sensor Satellite: One to Rule Them All
India Designates Three Major Ports as Green Hydrogen Hubs under National Mission
Karnataka Partners with SIA-India to Launch India’s First State-Led Space Technology Centre
Tag: pellet
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
RINL to invest Rs 25 bn on iron ore project
State-run steel maker RINL plans to set up an iron ore beneficiation plant and a 2 million tonne pellet plant in Bhilwara, Rajasthan at a cost of Rs 2,500 crore. Through the proposed beneficiation plant, the company would make value addition of the iron ore mined from the block awarded to it by the Rajasthan government recently at Bhilwara. The value added output would be used at RINL's Vizag steel plant
Task force recommends projects worth over Rs 100 bn
The Odisha government's State Level Task Force on Steel recommended approval for investment proposals worth over Rs 10,000 crore in the steel sector. In a recent meeting, the task force decided that the investment would be approved by the Single Window Clearance Committee (SWLC) headed by Chief secretary
EXIM policy guides export of iron ore and chrome ore
Export of minerals, including iron ore and chrome ore is guided by the Export-Import Policy. To conserve limited natural resources and to meet the domestic demand, duty on export of iron ore has been increased from 20 to 30 percent on ad valorem basis on all grades of iron ore (except pellets) with effect from December 30, 2011 and the export duty of chrome ore incre
EXIM policy guides export of iron ore and chrome ore
Export of minerals, including iron ore and chrome ore is guided by the Export-Import Policy. To conserve limited natural resources and to meet the domestic demand, duty on export of iron ore has been increased from 20 to 30 percent on ad valorem basis on all grades of iron ore (except pellets) with effect from December 30, 2011 and the export duty of chrome ore incre
Essar Steel to reduce interest cost by raising dollar debt
Dilip Oomen, Managing Director and Chief Executive of Essar Steel informed media persons that the company plans to replace its rupee debt with dollar debt in order to reduce interest cost. By September 2013, the firm plans to refinance its entire domestic debt of around Rs 20,000 crore into dollar terms
SEIL hopes to borrow funds for pellet plant project soon
B Satish Kumar, Managing Director of Steel Exchange India (Seil) expressed hope that the firm may achieve financial closure for its proposed Rs 300-crore pellet plant by three-four months. He said the company is awaiting environment clearance for the proposed 600,000 tonne capacity unit which would come up at its existing steel plant and would help it cut production cost
Overseas steel firms may invest in local companies
In order to gain foothold in a growth market, overseas steel manufacturers may make strategic investments in smaller steel mills in India, agency reports suggest. Such investment by foreign steel firms may be beneficial for both the investor and the local company. The local partner gets both funding and technology while the