The government is working on creating domestic capacity for the equipments being imported in the country, said Sunil Barthwal, Joint Secretary, Ministry of Steel at an ASSOCHAM event held in New Delhi today.

The coal sector remains the most inefficient and least open to private investment, despite coal being the country´s primary source of fuel, says Krrishan Singhania, Managing Partner, Singhania Associates.

Long-term power purchase contracts will now be decided through reverse e-auctions and the successful bidder will sign power purchase agreements (PPA)

The Union Minister of Steel & Mines Narendra Singh Tomar was handed over the dividend cheque for the financial year 2014-15 for an amount of Rs 16.37 crore by SK Tripathi, CMD, MSTC.

The 12 mineral producing states will put 82 mining blocks containing minerals such as iron ore, bauxite, limestone under the hammer by October-November this year, according to a top government official.

The Union Steel Ministry controlled MSTC has proposed to set up an integrated ship recycling yard under the public- private partnership (PPP) at Alang in Gujarat. MSTC said that the project can bring in substantial revenue for the government in the form of taxes and levies on the real value of goods as recorded in the e-commerce transactions.

Media reports indicate that Odisha government plans to set up a special committee under the steel and mines department to take care of e-auction of iron ore. It is learnt that the proposed committee would carry out the task in association with MSTC. The online auction conducting agency, MSTC is ready with all nece

Media reports suggest that public sector trading firm MSTC plans to set up a automotive and white goods steel scrap shredding unit in Dahej at a cost of Rs 120 crore. The plant, to be located at Dahej, may be operationalised in the first half of 2013-14. For installing the unit, to be built on a 20-acre plot, selection of an EPC contractor would be done through a global tendering

Officials of Chennai Port Trust (ChPT) asked Director General of Shipping, Gautam Chatterjee to devise some sort of policy for sailors in distress and a redress mechanism to help those stuck in stranded vessels. Since October 2012, over 55 sailors are stranded in two vessels – Pratibha Cauvery and Pratibha Warna – and their salaries have not been paid since July 2012