Archive for 'Sector News' Category
SAIL to invest $12 bn in four overseas plants
Steel Authority of India (SAIL) on Monday said it was planning four three-mtpa manufacturing facilities, one each in Indonesia, Mongolia, South Africa and Oman, at a cumulative investment of $12 billion. “We have already signed the memorandum of understanding with the Indonesian government and are in constant dialogue with the governments in Mongolia, South Africa [...]
NMDC, Tata Steel Plans Steel Plant
Iron ore miner, NMDC, said on Monday that it is in talks with Tata Steel to sign an equal joint venture for setting up a 2 mtpa steel plant at Bastar in Chhattisgarh. “We are in talks with Tata Steel to set up 50:50 JV for a 2 mtpa steel plant in South Bastar,” NMDC [...]
Steel Industry in 2010 – A Round up
Steel Sector – Key trends and achievements The Steel sector has been showing steady and robust performance in the recent years. India became the 4th largest producer of crude steel in the world in 2010 as against the 8th position in 2003 and is expected to become the 2ndlargest producer of crude steel in the world by 2015. India also maintained its [...]
Steel Industry News in Brief – This Week
SAIL Plans JV with Kobe Steel SAIL is planning to set up a 0.5 million tonne tpa iron ore nuggets plant at Durgapur in West Bengal in joint venture with Kobe Steel , Japan. SAIL will use the surplus land available at its Durgapur steel plant. SAIL is currently in the process of preparing a [...]
New Steel Projects in Jharkhand
List of New Steel Plant Projects for which MoUs have been signed with state government of Jharkhand since 2007 S. No. Name of the Company Location Capacity in MTPA Project cost Rs. in crore Date MoU Present status & Progress 1 M/s. Ispat Industry Ltd. Nandpur/ Manoharpur Integrated Steel Plant – 2.8 6750 12.01.07 Production not [...]
New Steel Projects in Orissa
List of New Steel Plant Projects for which MoUs have been signed with state government of Orissa since 2007. Sl. No Name of the Company Location Capacity in MTPA Investment Rs. in crore Date of signing of MoU Present status & progress 1 M/s. Brahamani River Pellet Ltd. Tonto, Nalda in Keonjhar & Duburi in [...]
New Steel Projects in Chhattisgarh
List of New Steel Plant Projects for which MoUs have been signed with state government of Chhattisgarh since 2007. S. No. Name of the Company Location Capacity in MTPA Investment Rs. in crore) Date of signing of MoU Present status & progress 1 M/s. Rajesh Strips Limited (Expansion Project) Raipur Steel Melting Shop – 0.30 [...]
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 [...]
Steel Projects in Construction/Implementation Stages in Private & Public Sector
Projects for new capacity creation in the steel sector sometimes suffer time and cost overruns on account of reasons like delays in land acquisition, settlement of relief and rehabilitation issues, procurement of forestry and environmental clearances and allocation of raw material linkages, particularly for iron ore and coal. The Government PSUs, Steel Authority of India [...]