KIOCL is reportedly in discussion with Steel Authority of India (SAIL) to set up a joint venture to explore rare earth minerals in Kerala. The joint venture project may also engage bodies like Kerala State Industrial Development Corporation and Kerala Mineral Development Corporation
Tag: Steel Authority of India
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SAIL imports 75% of coking coal requirement
Steel Authority of India (SAIL) imports 75 percent of its requirement of coking coal from foreign countries and the rest through captive mines and domestic sources. This information was given by the Minister of State for Commerce & Industry, D Purandeswari in a written reply in the Lok Sabha. The company has to rely on imports for substantial consumption of coking coal because of the limited availa
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SAIL, Posco in talks over steel plant project
State-run firm Steel Authority of India (SAIL) has been in discussion with POSCO for setting up a FINEX technology based steel plant of around 3 Million Tonne Per Annum (mn tpa) hot metal capacity as a joint venture at Bokaro Steel Plant. It is estimated that around 1,100 acre land would be required for this purpose. SAIL and POSCO have not reached an agreement on the share holding structure of the j
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Govt encourages latest technologies in steel sector
The Minister of Steel, Beni Prasad Verma has said that government through its policies has been pursuing adoption of latest technologies for improving efficiency of Indian steel industry. The report of the Working Group on Steel Industry for the 12th Five Year Plan, National Steel Policy and Roadmap for R&D and Technology etc. enlist such meas
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Ore shortage has not affected output in PSU firms
Production of state-run steel companies - Steel Authority of India (SAIL) and Rashtriya Ispat Nigam (RINL) - is not affected owing to scarcity of iron ore or coking coal. Minister of State for Commerce & Industry, D Purandeswari informed the Lok Sabha. SAIL has been alloca
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PSU steel firms modernize existing units
Union Minister of Steel, Beni Prasad Verma has said that Public Sector Undertakings like SAIL and RINL have undertaken modernization and expansion projects at their Integrated Steel Plants (at Bhilai, Bokaro, Rourkela, Durgapur, Burnpur and at Salem of SAIL and Vizag Steel Plant of RINL) to enhance its crude steel production capacity. The expansion of Salem Steel Plant of SAIL has already been completed and the other projects are in varioUnion Minister of Steel, Beni Prasad Verma has said that s
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SAIL posts 5.1% growth in sales
Steel Authority of India (SAIL)witnessed 5.1 percent growth in total sales and 1.8 percent growth in the production of saleable steel during October-December 2012 compared to the year-ago period.
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SAIL proposes Rs 130 bn investment in 2013-14
In order to raise its production capacity, from the current million tonne per annum (mn tpa), state-run Steel Authority of India (SAIL) proposes to invest Rs 13,000 crore in 2013-14. Of the total amount, Bhilai Steel Plant may get the highest share at Rs 5,900 crore for installation of a 700 ton
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DSP commissions coke oven battery
Recently, Durgapur Steel Plant, which is part of Steel Authority of India (SAIL), commissioned a coke oven battery (No 2) at its unit. The company completed rebuilding of the 4.45-metre tall battery with 78 ovens and advanced pollution control systems after a delay of about two years. This is part of the Rs 3,000-crore modernisation cum expansion plan for DSP. Two other components of the gran
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SAIL setting up 11 steel processing units
Minister of Steel, Beni Prasad Verma has said that there are 11 Steel Processing Units (SPUs) which are to be set up to meet the specific requirements of the consumers in different states by Steel Authority of India (SAIL) as indicated below: Bihar - At Bettiah, Mahnar and Gaya
Madhya Pradesh - At Hoshangabad, Ujjain and Gwalior
Himachal Pradesh - At Kangra
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