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Now, Tata Steel keen on joining hands with SAIL
KOLKATA: After Posco and ArcelorMittal, it’s now Tata Steel that is keen on forming a JV with Steel Authority of India (SAIL) to set up a steel plant. “We are in initial talks with Tata Steel and...
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Jindal Steel acquires Oman’s Shaheed Iron for $464 m
New Delhi: Jindal Steel and Power Ltd (JSPL) on Thursday announced that it has completed the acquisition of Oman-based Shadeed Iron and Steel Co LLC (Shadeed). The acquisition was completed for $464...
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Chinese ban to hit Indian iron ore exports
BEIJING: Nearly half of India’s iron ore exports to China are in serious danger of being wiped out. The local government has imposed a ban on import of low grade iron ore while major Chinese companies...
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Ministry suggests minimum lease size for minor minerals
New Delhi: In a move that could help the State Governments evolve a uniform regulatory framework for the mining of minor minerals, the Environment Ministry has suggested that the minimum size of the...
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Hindalco eyes double-digit growth in domestic demand
The growth story for Aditya Birla Group’s flagship company, Hindalco, will remain inherently Indian. After posting impressive numbers, that saw its consolidated net profit soaring eight-fold to Rs...
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Tata’s Rs 15K-cr Jamshedpur expansion plan gets MoEF nod
NEW DELHI: Tata Steel on Monday said its Rs 15,000-crore expansion plan of the Jamshedpur facility has received clearance from the Environment Ministry. “The Ministry of Environment and Forests (MoEF)...
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SAIL heading towards becoming global company
Source: The Economic Times, Aug 23, 2010 ROURKELA: Navaratna Public Sector company Steel Authority of India Limited (SAIL) is heading towards becoming a “global company” for its quality control,...
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Jindal Steel to re-bid for 70% in Zimbabwe’s Zisco
Source: The Economic Times, Aug 31, 2010 NEW DELHI: Jindal Steel and Power plans to re-bid for a controlling stake in Zimbabwe Iron and Steel Company, or Zisco, more than two months after the African...
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Fortescue in talks to supply iron ore to India firms
Source: The Economic Times, Nov. 24, 2010 MUMBAI: Fortescue Metals Group , Australia’s third-largest iron ore miner , is in “preliminary talks” with Indian steelmakers for supplying iron ore, a senior...
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ET Ferro Alloy: Destination India
Source: The Economic Times, Dec 23, 2010 According to World Steel Association , world steel demand is growing fast and earlier than expected, driven primarily by Chinese runaway growth and is now...
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