The Indian consortium, that won the bid to mine iron ore reserves in Hajigak near Kabul in Afghanistan over one year ago, would meet officials of mining ministry in the country in a month's time. Although the consortium bagged the mining asset over a year ago, it has not signed a mining contract with the Afghan government because of contentious
Tag: Rashtriya Ispat Nigam
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Sales of SAIL falls 2.71% in April-Dec 2012
Data from union steel ministry reveals that sales of Steel Authority of India (SAIL) contracted 2.71 per cent during April-December 2012 to 76.03 lakh tonne from 78.15 lakh tonne in the year ago period. Similarly, sales of Vizag-based Rashtriya Ispat Nigam (RINL) also fell over 17 per cent to 17.86 lakh tonne compared to 21.63 lakh tonne reported during this perio
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Revival in demand enables steel firms to hike prices
Industry watchers feel that demand for steel has improved recently and this enabled steel makers to raise price of their products. It is learnt that there has been a five to seven per cent price hike in both flat and long steel products on a year-on-year basis. Rashtriya Ispat Nigam (RINL) increased rates by Rs 500 per tonne this month when it followed most of the
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RINL chief informs delay in expansion project
AP Chowdhary, Chairman and Managing Director of the Rashtriya Ispat Nigam (RINL) informed that there was some delay in the execution of the expansion project of the firm from 3 million tonne to 6.3 million tonne. He said this while delivering the key-note address at the inaugural session of the one-day seminar on eme
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Contracting opportunites in blast furnace
A blast furnace is a type of metallurgical furnace used for smelting to produce industrial metals, generally iron. In a blast furnace, fuel, ore, and flux (limestone) are continuously supplied through the top of the furnace, while air (sometimes with oxygen enrichment) is blown into the lower section of the furnace, so that the chemical reactions take place throughout the furnace as the material moves downward.
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Contracting opportunites in blast furnace
A blast furnace is a type of metallurgical furnace used for smelting to produce industrial metals, generally iron. In a blast furnace, fuel, ore, and flux (limestone) are continuously supplied through the top of the furnace, while air (sometimes with oxygen enrichment) is blown into the lower section of the furnace, so that the chemical reactions take place throughout the furnace as the material moves downward.
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Sales of RINL rises 5% in Nov
According to a company statement, sales of Rashtriya Ispat Nigam (RINL) grew 5 per cent to Rs 1,085 crore in November from Rs 1,028 crore in the year-ago month. During the month, sales of iron and steel registered a growth of six per cent, while pig iron sales expanded 48 per cent.According to the statement, the company is increasing its prese
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RINL plans Rs 15k cr steel plant in K'taka
Rashtriya Ispat Nigam (RINL)is planning to form a joint venture with the Karnataka government to set up a 3 mt steel plant in the state at an investment of around Rs 15,000 crore.