Production of state-run steel companies - Steel Authority of India (SAIL) and Rashtriya Ispat Nigam (RINL) - is not affected owing to scarcity of iron ore or coking coal. Minister of State for Commerce & Industry, D Purandeswari informed the Lok Sabha. SAIL has been alloca
Tag: production
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Govt encourages latest technologies in steel sector
The Minister of Steel, Beni Prasad Verma has said that government through its policies has been pursuing adoption of latest technologies for improving efficiency of Indian steel industry. The report of the Working Group on Steel Industry for the 12th Five Year Plan, National Steel Policy and Roadmap for R&D and Technology etc. enlist such meas
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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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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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PSU steel firms modernize existing units
Union Minister of Steel, Beni Prasad Verma has said that Public Sector Undertakings like SAIL and RINL have undertaken modernization and expansion projects at their Integrated Steel Plants (at Bhilai, Bokaro, Rourkela, Durgapur, Burnpur and at Salem of SAIL and Vizag Steel Plant of RINL) to enhance its crude steel production capacity. The expansion of Salem Steel Plant of SAIL has already been completed and the other projects are in varioUnion Minister of Steel, Beni Prasad Verma has said that s
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Oil firms term pricing formula of Rangarajan panel as “defective”
Oil and gas exploration companies submitted their views on the recommendations of the C Rangarajan committee on natural gas pricing to union petroleum ministry. The companies argue that linking the price of domestic natural gas to that prevalent in gas-surplus economies is defective
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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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SAIL proposes Rs 130 bn investment in 2013-14
In order to raise its production capacity, from the current million tonne per annum (mn tpa), state-run Steel Authority of India (SAIL) proposes to invest Rs 13,000 crore in 2013-14. Of the total amount, Bhilai Steel Plant may get the highest share at Rs 5,900 crore for installation of a 700 ton
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Govt’s Rs 1.9 trillion debt recast scheme fails to enthuse SEBs
Reports indicate that the Rs 1.9 lakh crore debt restructuring package announced by the central government for state electricity boards (SEBs) has not received much response. It is learnt that no major state has yet entered into a memorandum of undertaking (MoU) with the centre for debt recast. states such as Rajasthan are negotiating with ban
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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