Union Minister of Steel, Beni Prasad Verma ruled out any question of revival or restructuring of loss making plants or units of Steel Authority of India (SAIL). He argued that although some plants or units of SAIL have reported losses, SAIL on the whole is making net profit and hence there is no case for revival or restr
Tag: production
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SAIL setting up 11 steel processing units
Minister of Steel, Beni Prasad Verma has said that there are 11 Steel Processing Units (SPUs) which are to be set up to meet the specific requirements of the consumers in different states by Steel Authority of India (SAIL) as indicated below: Bihar - At Bettiah, Mahnar and Gaya
Madhya Pradesh - At Hoshangabad, Ujjain and Gwalior
Himachal Pradesh - At Kangra
Utta
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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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DSP commissions coke oven battery
Recently, Durgapur Steel Plant, which is part of Steel Authority of India (SAIL), commissioned a coke oven battery (No 2) at its unit. The company completed rebuilding of the 4.45-metre tall battery with 78 ovens and advanced pollution control systems after a delay of about two years. This is part of the Rs 3,000-crore modernisation cum expansion plan for DSP. Two other components of the gran
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Share of imported gas may rise
Reports suggest that the share of import in total natural gas consumption in the country may rise from the current level of 40 percent as domestic production fails to keep pace with growth in demand. Recently, the country's biggest liquid gas importer Petronet LNG has notched up a world record by offloading its 1,000th shipload at its Dahej terminal. This is the first for a
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Survey calls for clarity in NELP
Economic Survey 2012-13 called for clarity in terms of the New Exploration Licensing Policy (NELP) in order to remove impediments to implementation of projects in infrastructure, especially in the area of energy. While the Survey did not elaborate on what clarity was needed in NELP, it said the long term strategy should focus on issues like... petroleum price distortion (and) natural gas
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CAG complains against RIL to oil ministry
Reports indicate that the Comptroller and Auditor General (CAG) wrote to the union petroleum minister M Veerappa Moily that Reliance Industries (RIL) was not cooperating with the audit of the spending on the flagging KG-D6 fields. It is learnt that the company declined to share the documents related to its legal case against the oil mini
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Steel Exchange gets gas supply from ONGC
Steel Exchange India is learnt to be getting gas from the ONGC's isolated fields in the KG Basin under direct marketing. The upstream oil major is said to be supplying the gas at the rate of 10,000 standard cubic metre per day. The fist of these fields at Vygreswaram in East Godavari dist
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Govt reviews pricing system for natural gas
In order to encourage exploration and development activities by players in the oil and gas sector, the government is reviewing the system of pricing natural gas under the production sharing contract (PSC), Economic Survey 2012-13 said. The pricing system would be reviewed in order to clarify the extent to which producers will get the free
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Posco expects to ready steel project in 5 years
Media reports quoted a senior executive of Posco India as saying that the company needs at least two years for fencing and land preparation for its proposed 8 mn tpa steel project and subsequently the first stage construction of the project needs three years. So, the company expects to begin production at the mega steel plant near Paradip in Odisha's Jagatsinghpur dist