Union Commerce and Industry Minister Anand Sharma may hold discussion with his counterpart in the Mauritius government to promote petroleum export from India to the island nation. Sharma, who is scheduled to visit the country soon, would hold meeting with Sayyad Abd-Al-Cader Sayed-Hossen, Minister of Industry, Commerce and Consumer Prote
Tag: products
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India plans to import tariffs on steel products
In order to safeguard the interests of local producers from huge imports, primarily from China and Italy, India plans to impose tariffs on some iron and steel pipes, tubes and profiles. This information is said to be sourced from a filing of India in the World Trade Organization. According to the guidelines of WTO, member countries can impose such tariffs on a temporary basis if they can sho
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VSP produces 3.81 mn t of hot metal
Visakhapatnam Steel Plant (VSP) produced 3.81 million tonne (mn t) of hot metal and 3.4 mn t of iron & steel in 2012-13. It is learnt that the company achieved a cumulative sales of Rs 13,650 crore in 2012-13 and its sales was the highest in the month of March 2013 at Rs 2,136 crore. Exports at Rs 601 crore registered a growth of 45 p
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RDCIS completes 5 MoUs in 2012-13
According to a statement from the Research & Development Centre for Iron & Steel (RDCIS), the centre completed five memorandum of understandings (MoU) projects and 54 planned R&D projects during the 2012-13. These projects and the MoU would result in a financial benefit of Rs 570 crore, the corporate unit of the SAIL said in the statement
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Minister wants India to attain self-sufficiency in fuel by 2030
Union Petroleum Minister Veerappa Moily informed that his vision is to make India self-sufficient in the consumption of petroleum products by 2030. He said there is a need to have patience to research the country's oil reserves. He said this to reporters after laying foundation stone for the transport hub of HPCL in Mangalore. The transport hub facility by HPCL in Mangalore is spread
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Experts suggest aggressive steps on oil pricing reforms
Some industry observers and experts are not satisfied with the move to de-control diesel prices partially by the government and they seek more aggressive steps on this front. It may be recalled that recently, the government allowed oil marketing companies (OMCs) to raise diesel price
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Experts suggest aggressive steps on oil pricing reforms
Some industry observers and experts are not satisfied with the move to de-control diesel prices partially by the government and they seek more aggressive steps on this front. It may be recalled that recently, the government allowed oil marketing companies (OMCs) to raise diesel price
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Petrofed warns against shifting to export parity pricing
The Petroleum Federation of India (Petrofed), an apex body of entities in hydrocarbon sector, warned the union finance ministry against its proposed norm for calculation of under-recoveries of state-run oil marketing companies (OMCs). Recently, the finance ministry proposed that the export parity price should be considered for calculating under-recoveries of OMCs instead of the present trade parit
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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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TN govt urges centre to withdraw dual pricing of diesel
In a recent letter to the Prime Minister, the Tamil Nadu Chief Minister J Jayalalithaa asked the centre to withdraw the decision on dual pricing of diesel, which she terms as "ill-conceived, ill-timed". Jayalalithaa warned in the letter that if the centre does not hear the stateÂ’s request, the state government has no other option, but to approach the Supreme Court for
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