JSW Steel, which aims to produce 9 million tonne (mn t) of steel in 2013-14, plans to use low-grade iron ore dumps, with 46 per cent iron (Fe) content, at its Bellary steel plant owing to shortage of high-grade ore. The company, which has an annual iron ore demand of 15 mn t, finds very difficult to secure it. It created capacity of 20 mn t at its benefication plant, used 52 per cent Fe iron ore and survived for the last two years. Now, it is targeting 46 per cent Fe grade iron
Tag: project
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SAIL conducts study for Rs 15 bn project
CS Verma, Chairman of SAIL informed that the company is conducting environment impact study for its Rs 1,500 crore iron ore nugget plant in Durgapur, which it plans to implement in a joint venture with Japanese steelmaker Kobe Steel. Verma said this will be the second such project in the world after USA. The JV agreement has been finalised, he told reporters. He said it would take five to six
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Private firms bid for Rs 17 bn Haldia Dock II project
RPS Kahlon, Chairman of Kolkata Port Trust (KoPT) informed that Concast-Hyundai and Adani Ports showed interest in developing the second dock facility at Haldia. KoPT wants to implement the Rs 1700-crore project, which involves setting up four berths at Salukhali named as Haldia dock II
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Vizag port seeks Rites’ suggestion for Rs 6.3 bn project
Visakhapatnam Port Trust (VPT) mandated Rites to study the revenue sharing model for the proposed Rs 634-crore second container berth project at the port. VPT roped in Rites to suggest a revenue sharing model because it is not satisfied with the revenue share offered by Visakha Container Terminal Private Limited (VCT
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Union govt to award 380 km of road projects in naxal areas
By the end of 2013, union government would award road projects totaling a length of 380 km in the Left Wing Extremism (LWE) areas spanning five states. The projects would benefit Bihar, Chhattisgarh, Jharkhand, Madhya Pradesh, Andhra Pradesh, Uttar Pradesh, Maharashtra and Odisha
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Maharashtra govt frames new PPP policy
The urban development department of the Maharashtra government framed a new policy in order to address issues, such as settling of claims and risk-sharing, arising out of delays in PPP (public private partnership) projects projects. The draft policy has been forwarded to the finance department for modifications. The policy was framed in order to rule out the possibility of disputes at a later stag
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Odisha govt to develop critical infrastructure
Odisha Chief Minister Naveen Patnaik informed that the state would focus on developing critical infrastructure mainly electricity, roads and water to ensure faster and balanced socio-economic development. He said this after meeting Planning Commission Deputy Chairman Montek Singh Ahluwalia to finalise the annual plan outlay for the state
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Steel ministry to expedite big ticket steel projects
Union steel ministry is reportedly taking steps to expedite big ticket investment projects, which are held up owing to various issues in the steel sector. In Odisha itself, eight projects are stuck because of reasons like lack of statutory clearances, non-availability of raw material linkage and law and order problem during land acquisition
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Govt to aid small towns under JnNURM
The government may provide funding for procuring buses by small cities with a population of less than 10 lakh under the the Jawaharlal Nehru National Urban Renewal Mission (JnNURM), reports indicate. Under the mission, so far the government was funding only cities with population of at least 10 lakh. But sources from the union urban development ministry infor
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RIL to invest Rs 1.5 trillion in 3 yrs
At its 39th annual general meeting (AGM) in Mumbai, Mukesh Ambani, Chairman of Reliance Industries (RIL) informed that the firm plans to invest Rs 1.5 lakh crore over the next three years. He remarked that the firm is investing the largest capital in India by any enterprise public or private, Indian or foreign and this is an expression of the faith of Relia