The National Steel Policy draft envisages further strengthening of the provisions of allocation of captive iron mines to steel producers in a transparent manner through a process of open bidding for all the well prospected mines. By 2025-26, the policy draft, expects the country's stee
Tag: production
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Draft policy calls for single e-window process
In the wake of delay in several steel projects and scams in allocating natural resources, the draft national steel policy suggests introduction of an online single e-window clearance for projects. The involvement of a large number of agencies in project clearances is considered to be a major hurdle in creation of green field steel capacities
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ONGC lines up 44 mega projects for 2012-17
Sudhir Vasudeva, Chairman and Managing Director of ONGC informed that the state-run oil and gas explorer would execute 44 mega projects worth about Rs 86,862 crore between 2012-17. Of these projects, 16 would be on-land projects and 28 offshore. Most of the projects are lump-sum turnkey contracts (LSTK)
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Govt may form task force to draft policy on underground mining
Public sector miner like Coal India (CIL) and other companies have urged government to draft a policy for the development of underground coal mines in the country. Following this, the union coal ministry has reportedly proposed to set up a task force to map out a strat
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AIIFA seeks CENVAT credit on duty
Secondary steel manufacturers want the union government to consider deemed duty paid on steel scrap for availing CENVAT credit in the union budget 2013-14. According to the All India Induction Furnaces Association (AIIFA), the revenue collection of the central government would rise remarkably by allowing Deemed Duty Cre
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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
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DSP posts 5% growth in steel output
The production of saleable steel by the Durgapur Steel Plant of SAIL rose 5 per cent in January from the year-ago month. The company also witnessed expansion in output across major categories such as hot metal, crude steel, continuous casting, blend mix and sinter during the month. The company produced 121,150 tonne of special steel and
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DSP posts 5% growth in steel output
The production of saleable steel by the Durgapur Steel Plant of SAIL rose 5 per cent in January from the year-ago month. The company also witnessed expansion in output across major categories such as hot metal, crude steel, continuous casting, blend mix and sinter during the month. The company produced 121,150 tonne of special steel and
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DSP posts 5% growth in steel output
The production of saleable steel by the Durgapur Steel Plant of SAIL rose 5 per cent in January from the year-ago month. The company also witnessed expansion in output across major categories such as hot metal, crude steel, continuous casting, blend mix and sinter during the month. The company produced 121,150 tonne of special steel and
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Hardy Oil & Gas secures extension of license
Hardy Oil & Gas succeeded in obtaining the extension of its exploration licence for the the CY-OS/2 block in Cauvery basin for a further three years from the date on which the block is restored. Ian MacKenzie, Chief Executive of the firm said as operator of the CY-OS/2 block, the firm was looking forw