Archive for 'Company News' Category
SAIL Plans New TMT Bar Mill in HP
Steel Authority of India Limited (SAIL) has planned to set up one TMT Bar Mill at Steel Processing Unit (SPU) at Kandrori District Kangra in Himachal Pradesh with a capacity of 1,00, 000 tonnes per annum. The project is under execution and the expected date of completion is by first quarter of 2012. The possibility [...]
Ogun Steel Commissions Phase I Steel Project
Ogun Steel Rolling Mills, a Coimabatore based company has commissioned first phase of its upcoming steel rolling mill project at Selakkaraichal village near Coimbatore. The first phase involved setting up a facility for making TMT rods ( for construction industry) with a capacity of 250 tonnes per day. The project was implemented at a cost [...]
New Ferro Alloy Projects.
In order to ensure the availability of ferro-alloys, Steel Authority of India Ltd. (SAIL) has decided to invest in its existing facilities at Maharashtra Elektrosmelt Ltd. (MEL), Chandrapur in Maharashtra where a new furnace is being planned. In addition, SAIL is going ahead with its joint venture with Manganese Ore India Limited (MOIL). The MOIL-SAIL [...]
Steel Ministry Plans Special Purpose Vehicle for New Coal Projects
Ministry of Steel has decided to set up a Special Purpose Vehicle (SPV) for the purpose of acquisition of coal companies and assets in overseas territories to provide long term security in the supply of coal for the promoter companies. The SPV has been promoted by five public sector undertakings ( PSUs) namely SAIL, Rashtriya [...]
Visakhapatnam Steel Plant Expansion Programme.
Ministry of Steel had approved an expansion plan of Rashtriya Ispat Nigam Ltd. (RINL), Visakhapatnam Steel Plant (VSP) so as to augment its liquid steel production capacity from 3.0 million tonne per annum to 6.3 million tonne per annum. The expansion project is envisaged to be fully financed through the company’s internal accruals and loans [...]
SAIL to enhance Iron Ore Mining Capacity
Steel Authority of India Limited (SAIL) is implementing its growth plan to raise the production capacity of its iron ore mines to cater to expanded steel production. This is planned to be met by expansion of capacity of existing mines at Kiriburu, Meghahatuburu and Gua in Jharkhand, Bolani, Barsua and Kalta in Orissa and also [...]
Modernization Plans by SAIL
The Steel Authority of India Limited (SAIL) has undertaken Modernization and Expansion plan at Bhilai Steel Plant (BSP) in Chhattisgarh, Bokaro Steel Plant (BSL) in Jharkhand, Rourkela Steel Plant (RSP) in Orissa, Durgapur Steel Plant (DSP) and IISCO Steel Plant (ISP) in West Bengal and Salem Steel Plant (SSP) in Tamil Nadu. The Modernization and [...]
SAIL’s Joint Venture with POSCO, Korea
Steel Authority of India Limited (SAIL) is examining possibilities of entering into joint venture initiatives with international steel producers. With this aim, SAIL and POSCO entered into a MoU on 27.8.2009 which provided for joint initiatives for possible establishment of a FINEX technology based steel plant at Bokaro, Jharkhand or any other location. A proposal [...]