Multimodal logistics via waterways will decarbonise the steel sector Tata Steel had shipped about 1,800 tonnes of finished steel products from Haldia Port in West Bengal to Pandu Port in Assam using the Indo-Bangladesh Protocol (IBP) route through the Brahmaputra River.The products, including TMT bars, arrived at Haldia on rail before loading into river barges...
Tag: Tata Steel
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China Powers Spiralling Steel Prices
Domestic steel prices have witnessedan unprecedented rise from the second half of FY2021.The economic support measures unveiled by various countries will keep the demand for steel high. The near absence from the world export market and a higher import by China are among the major factors keeping steel prices at elevated levels. Continued higher demand...
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India clears way for major reforms in metals & minerals sector
An analysis of the recently passed Mines and Minerals Amendment bill
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IBC, infra push put steel sector in an M&A sweat spot
With the capacity of sizable scale available at bargain prices, the sector will see a lot of Mergers and Acquisition (M&A) activities as bigger players with deep pockets eventually closing in on financially weak but potentially viable smaller firms.
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Post Budget Analysis | Metals: Iron and Steel
The government's thrust on infrastructure, which is one of the key end-user industries for the steel business, is an encouraging trend for steel demand. Within infrastructure, significantly higher capital expenditure earmarked for affordable housing, power transmission and railways is likely to augment steel demand.
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Railway Minister inaugurates first SFTO rake carrying steel coils
Sudanshu Pathak, Vice President, Steel Manufacturing, Tata Steel, who ceremonially flagged off the rake from Tata Steel Jamshedpur, lauded this long-awaited initiative of Indian Railways, Tata Steel and TMILL resulting in an efficient and sustainable outbound logistics solution for Tata SteelÂ’s finished products.
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Coal imports down 25percent at 14 MT in December
Coal imports have fallen by 25 per cent to 14.31 million tonnes (MT) in December, due to higher availability of domestic fuel. The country had imported 19.15 MT of coal in December 2015.
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Tata Steel drops Gopalpur plant plan
Tata Steel has dropped plans to set up a ferrochrome complex at Gopalpur in Odisha but will build a plant with a capacity of 55,000 tonnes at the same place. This unit is scheduled for commissioning by the first week of September.
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Tata Steel starts export of Tata Ferroshots from its Kalinganagar steel plant
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.
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CIL, SCCL earn Rs.30,000 cr
The state-owned CIL and Singareni Collieries Company (SCCL) have earned incremental revenues of around Rs.30,000 crore through e-auction, Mjunction Services, a JV between Tata Steel and SAIL that pioneers in e-auction services, said.