National Mineral Development Corporation (NMDC) decided not to raise the price of iron ore lumps and fines for September considering slackness in demand. Thus, the firm would continue to sell at the current price of Rs 4,200 a tonne of iron ore lump and Rs 2,510 per tonne of fines
Tag: sale
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SAIL plans to sell 1 mn t steel through dealerships
Through its dealers, state-run Steel Authority of India (SAIL) plans to sell 1 mn t of steel, SS Mohanty, Director (technical) of the firm said. He said this while addressing the Annual Dealer's Award ceremony. The event was conducted to award the company's outstanding dealers in the Eastern Region
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Ministry examines proposal on pricing of KG D6 gas
Union petroleum ministry is examining the proposal of the Finance Ministry to ask Reliance Industries (RIL) to sell natural gas at lower rates ($4.2 a unit) for the supplies it still owes. In a recent letter to the petroleum ministry, the finance ministry suggested that the government must subject gas producers to closer regulation, especially on the
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Odisha govt’s resolution does not pass legal scrutiny
Media reports indicate that the Odisha government may withdraw its earlier decision to mandate mine lessees in the state without end-use plants to sell at least 50 per cent of their output to local industries. On December 5, 2012, the steel & mines department notified the resolution to this effect. However, the law department of the state government has not cleared the resolution as it feels the move may not p
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Ministry circulates note seeking hike in gas price
Union Petroleum ministry has circulated a note to the Cabinet Committee on Economic Affairs (CCEA) seeking hike in the price of natural gas produced by both private and state-run companies. The ministry's proposal, if accepted by the CCEA, may benefit firms like ONGC, OIL, Reliance Industries (RIL), Cairn India who are selling the fuel at a pre-determined price
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TCG asserts right over shares of state govt in HPL
West Bengal government's plan to offload its 39.99 per cent stake in Haldia Petrochemical (HPL) suffered setback with the group companies of The Chatterjee Group (TCG), claiming part of the stake sale. TCG, holds stake in HPL through its group firms Chatterjee Petrochem (Maurtius) Company and Chatterjee Petrochem (India
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Oil ministry to send proposal on gas pricing to cabinet
Union petroleum Minister Veerappa Moily informed that he would send the final proposal on the pricing of natural gas to the cabinet committee on economic affairs (CCEA) soon. Industry players are keenly awaiting the government's decision on natural gas pricing as it would have a bearing on their financials. Natural gas producers like Reliance Industries (RIL) are seeking hike in the price of do
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Consumers prefer local gas due to high cost of imported gas
Even as several power and fertiliser plants are suffering from insufficient availability of natural gas, they are averse to buy imported gas because of its unacceptably high price. Natural gas-based power producers want a larger share of the domestically-produced cheaper gas, which is priced between $4.2 (RIL's D6 gas) and $5.73 per unit, which is far less than the price of imported gas in the s
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Cabinet may consider road ministry proposal
Media reports indicate that the union cabinet may consider the proposal of the road ministry to allow road developers to sell their 100 percent stake in already awarded projects in favour of more capable firms. The highway ministry proposed this idea as many highway developers are unable to begin work on their project because of financial and
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Cabinet may consider road ministry proposal
Media reports indicate that the union cabinet may consider the proposal of the road ministry to allow road developers to sell their 100 percent stake in already awarded projects in favour of more capable firms. The highway ministry proposed this idea as many highway developers are unable to begin work on their project because of financial and