Despite getting demands from steel makers in the state, Odisha Mining Corporation (OMC) does not want to sell iron ore to them at a lower rate. OMC does not want to get into any controversy on the lines of the NMDC case by selling iron ore at a concessional rate to steel makers in Odisha
Tag: price
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OMC rejects plea of local steel firms on lower price
Despite getting demands from steel makers in the state, Odisha Mining Corporation (OMC) does not want to sell iron ore to them at a lower rate. OMC does not want to get into any controversy on the lines of the NMDC case by selling iron ore at a concessional rate to steel makers in Odisha
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Ministers study draft note on gas pricing
Union Oil Minister M Veerappa Moily informed that the draft note on raising the price of natural gas is under circulation before all the ministries. He also said that his ministry would send the proposal to the cabinet after the consultation of various ministries. The draft note proposes to raise the price of gas produced by state-owned ONGC and OIL from 2013 itself and that for Reliance Industries in 2014
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Ministers study draft note on gas pricing
Union Oil Minister M Veerappa Moily informed that the draft note on raising the price of natural gas is under circulation before all the ministries. He also said that his ministry would send the proposal to the cabinet after the consultation of various ministries. The draft note proposes to raise the price of gas produced by state-owned ONGC and OIL from 2013 itself and that for Reliance Industries in 2014
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Bhushan Steel to review product prices
Nitin Johari, Director of Bhushan Steel informed reporters that the marketing team of his firm would meet soon to review price of its steel products. According to media reports, other steel firms may also revise the price of their steel products, especially long products, sold in the domestic market. Prices of some are likely
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NMDC board to review iron ore price
Soon the board of NMDC would meet to review the price of iron ore it sells in the domestic market in line with the policy of the company to revise it every month. Media reports suggest that the state-run miner could raise the price between Rs 200 and Rs 400 a tonne. The board would take into consideration factors such as dema
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Oil ministry prepares uniform gas price policy
In order to bring about equality in the price of imported and domestic natural gas, the union oil ministry has worked out a a Uniform Gas Price Policy. Minister for Petroleum and Natural Gas M Veerappa Moily informed told that he did not know whether the policy has to go to the cabinet or not. Imported gas curre
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AOSF alleges miners of charging high price for ore
Iron ore mining companies in Odisha charge exorbitant rates while selling ore to local steel firms, alleges the All Odisha Steel Federation (AOSF). The body, which represents the interests of local steel units and sponge iron manufacturers, alleges that two mining lessees- Sirajuddin and Indrani Patnaik had offered ore for sale to such
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Private firms eye bulk diesel sale market
Media reports suggest that private fuel retailers like Essar Oil, Reliance Industries (RIL) would attempt to grab the share of the bulk diesel customer market after the government de-regulated pricing in the segment. The government allowed oil marketing companies (OMCs) to charge market price for bulk customers of diesel, that include railways, industrial users and State Trans
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Ministry wants to cut subsidy bill by changing pricing formula
Union finance ministry wants the oil marketing companies (OMCs) to calculate under-recoveries from sale of fuel products based on export parity price rather than the presently followed import parity price. The ministry wants OMCs to discontinue import parity price because the 2.5 per cent customs duty was adding to the under-recoveries of the state-run oil marketing companies without contributing any revenue to th