In September, India's steel production growth fell short of the world average with the country clocking 4.7 per cent growth compared to the world average of 6.1 per cent. The World Steel Association (WSA) said India's steel output grew to 6.54 million tonne (mt) in September from 6.24 mt during the same month last year.
Tag: September
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Indian shipping hopes for better as volumes up
In September, Indian shipping industry saw a slight rise with an increase in shipment volumes, driven by an increase in iron ore import by China and economic recovery in the US and Europe. Shipment volumes, across dry bulk, tanker and container carriers, have suffered in the last two years due to excess capacity and a fall in international trade.
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Infra trust fund on its way
Under the finance ministry's new announcement, the revenues of a project will be transferred to the trust, which will then issue units to investors. Shilpi Aggarwal says the government is seeking innovative financing solutions for infrastructure.
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Need of the Hour – Frost & Sullivan to focus on Blue Sky Innovation at its GIL 2013: India
As senior executives and influential thought leaders gear up to address, the challenges that lie ahead of them, they once again realize that innovation is the key to driving long-term revenue growth and developing a competitive edge.
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Investment: A legacy of perception?
An India-US Infrastructure Fund that was set up in 2010, but with the US recently lodging a formal complaint against India with World Trade Council on entry barriers to companies, things could be on wait-and-watch mode.
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Coal India to Develop Coal bed Methane Reserves
Union Minister of State for Coal Pratik Prakash Bapu Patil has said that Coal India CIL is pursuing development of coal bed methane (CMM) from its mining areas as it would be beneficial on mine safety as well as environment.
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Cairn India Hopeful of Securing Nod
Cairn India, which plans to invest $1.6 billion (around Rs 9,500 crore) over the next three years, is hopeful of securing mandatory clearances for additional exploration and production in its Rajasthan oil and gas fields.
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Coal Imports Jump
In the first four months of this fiscal, India's coal imports jumped 32 per cent. India imported 58.3 million tonne of coal between April and July, against 44.2 million tonne in the corresponding period last year.
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Crude Oil Output Dips
Indian oil refinery companies have imported 15.944 million tonne of oil in July against 14.594 million tonne in the same month last year as the domestic crude oil output has diminished.
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CIL plans Rs50 bn Investment
Coal India (CIL) has earmarked Rs 50 billion for capital expenditure on its domestic operation during 2013-14. Also, the monopoly coal producer made an ad-hoc provision of Rs 40 billion for acquisition of assets abroad