Welspun Steel Ltd (WSL) has received environmental clearance for setting up an integrated steel plant with production capacity of 3 million tonnes (MT) per annum in Gujarat at an estimated cost of Rs 14,690 crore.
Tata Steel has started export of Tata Ferroshots from its steel plant located in Kalinganagar in Jajpur district of Odisha. Rajiv Kumar, Vice President (Operation) of Tata Steel Kalinganagar Plant flagged off the first export consignment to a South East Asian country on August 23, 2016.
India needs to learn lessons from the UAE and develop adequate high quality back up facilities for storage and warehousing to enable the global players do international trade through our ports, Pankaj Modi, Chief Operating Officer, Adani Ports and SEZ, tells Sumantra Das.
A steel plant with a capacity of 1 million tonne has been planned by Godawari Power and Ispat at a cost of Rs 4,500 crore in Rajnandgaon district in Chhattisgarh. The company is a subsidiary of Raipur-based Hira Group. It is now doing feasibility studies for setting up the project.
In a big relief to investors, the Union government has cleared big-ticket investment projects worth Rs 1.1 lakh crore. The projects were held up for years for want of several government clearances. The clearances relate to 18 power projects with a generation capacity of 15,500 mw, four highway projects worth Rs 4,400 crore, and a Rs 1,200-crore steel plant in Odisha.
A consortium of 21 banks has offered funding commitment of Rs 22,800 crore for Tata Steel Odisha's proposed greenfield 6 million tonne steel plant in Kalinganagar. According to Dealogic, global deal tracking firm, this is the largest project financing loan on record. The company plans to implement the project in two phases of 3 million tonne each. So far in 2013, the India project financing loan volume stood at $14.7 billion, 13 per cent higher than $12.
Rastriya Ispat Nigam (RINL) plans to set up a 2 million tonne (mn t) steel plant in Banera, Rajasthan with an investment of Rs 2,500 crore. Recently, the state government gave approval for the project and it would issue a Letter of Intent (LoI) soon. In February 2012, the state government is learnt to have sent a letter to the centre for setting up of the plant