In October-December 2012, production of crude steel at JSW Steel expanded only 8 per cent to 20.94 lakh tonne because of impediments like shortages of iron ore. In Oct-Dec 2011, the company produced 19.39 lakh tonne (l t) crude steel. But production declined nearly 3.60 per cent from the preceding quarter, when it had produced 21.72 lakh tonne (l t) crude steel
Tag: production
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India’s steel sector fastest growing in the world
The Union Minister of Steel, Beni Prasad Verma congratulated the Indian steel industry on being the number one in terms of growth rate in steel production amongst the top ten steel producing countries. During April - NovemberÂ’12, the Indian steel industry achieved a growth rate of 5.36 percent which was the highest in the world
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SAIL produces 10.7 mn t hot metal in 9 months
Production of hot metal stood at 10.7 mn t for Steel Authority of India (SAIL) during April-December (2012-13), while that of crude steel was at 10.09 mn t. Its output increased 2 per cent to 9.25 million tonne (mn t) during this period, over the same period in 2011-12. During the period under review, the company said the rate of growth in the saleable steel production at par with the g
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Contract opportunities in exploration segement
Exploration and production segment in oil and gas sector holds tremendous business potential in India given the rising demand for crude oil and natural gas in the country. According to one estimate, oil consumption in the country may expand 4-5 percent per annum to 2015, indicating a demand of 4.01 million barrels per day by 2015 from the present level of around 3 mn barrels per day.
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Output from RIL’s KG basin falls to 21 mmscmd
Reports suggest that natural gas output from D1, D3 and MA fields in Reliance Industries' (RIL) Krishna-Godavari basin stands at about 21 mmscmd after hitting a peak of 60 mmscmd in end-2009. Officials who are in the knowhow of the issue feel that
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India steel demand may grow faster than global growth
According to industry players, steel demand in India would grow faster than the demand growth across the globe during 2013 because of better economic growth in the country. According to Chandra Shekhar Verma, Chairman of Steel Authority of India (SAIL), India is a "demand centre where steel growth would rise in multiples of 1.2 of gros
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Experts call for early solution on KG D6 issues
Industry experts suggest that the government, Reliance Industries and BP Plc work towards an early resolution of the issues holding up investments in Krishna-Godavari (KG)-D6 basin. They feel that improvement in production of natural gas from the basin is essential to meet the ever rising demand for the fuel in
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Rising input cost prompts JSW to hike steel prices
Considering the increase in input cost, JSW Steel decided to hike steel prices by about 2 per cent. The company spokesperson is reported to have said that it has not hiked steel prices in the last three months whereas input costs and steel prices in international market have gone up significantly
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Panel suggests annual revision of gas price
A committee headed by C Rangarajan, Chairman of the Prime MinisterÂ’s Economic Advisory Council (PMEAC), suggested an annual revision in the price of natural gas produced in the country. The revision should be based on monthly moving average of net back price for producers of Indian LNG and the other volume weighted price of USÂ’s Henry Hub, UKÂ’s
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Panel suggests production-linked deals
In order to overcome problems associated with the cost-recovery contracts in oil and gas exploration sector, a high level panel recommended the government to adopt production-linked contracts wherein companies would be chosen based on the amount of output they are willing to share with the government. The committee, under the PM's Economic Advisory Council ( PMEAC) Chairman C Rangarajan, proposed a mod