ArcelorMittal plans solar farm in Ballari
World’s largest steelmaker ArcelorMittal may set up a solar farm on land alloted to it for a steel plant in Ballari district of Karnataka, in view of excess global steel capacity and delays in securing
ArcelorMittal
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POSCO and Uttam Steel & Power to build steel plant in Maharashtra
The 3 MTPA integrated steel plant will be set up at Satarda in two phases A worker cuts a steel rod inside a steel factory on the outskirts of Jammu Shree Uttam Steel and Power, a part of Uttam
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Mining Ordinance Set to Change Rules of the Game
CHANGE ON CARDS It will decide the fate of mines by defining whose leases will get extension and whose will be cancelled, paving way to put them up for auction Developments during the past week has kept
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Mittal bids for 'environmental disaster' Italian steel plant
ArcelorMittal has teamed up with Italy's Marcegaglia to bid for Ilva, a loss-making Italian steel plant at the centre of a major environmental scandal, the target company confirmed today. The Ilva site
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Panel seeks report on ArcelorMittal mines leases from J'khand
ArcelorMittal has plans to set up 12 million tonnes per annum (MTPA) steel plant in Jharkhand at an estimated investment of Rs 50,000 crore A central panel has asked Jharkhand to clarify soon whether the existing and proposed mining leases of ArcelorMittal for its planned Rs 50,000-crore plant in the state fell under a conservation reserve or not.
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IMG Gives More Time to 10 cos For Green OK
Govt reviewing the allocation of 61 blocks that have not started production The inter-ministerial group, which is reviewing allocation of coal blocks, has decided to give more time to 10 companies to obtain final forest and environment clearance for the eight blocks that have not yet started production.
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Voluntarily surrendered stakes in two coal blocks: ArcelorMittal
ArcelorMittal today said it has voluntarily surrendered its stakes in 2 coal blocks, Rampia and Dip side of Rampia, following its decision to exit from the USD 12 billion steel project in Odisha in July
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IMG recommends cancellation of 30 coal blocks
An inter-ministerial group (IMG) tasked with suggesting punitive measures for allottees idling their captive coal blocks is learnt to have recommended cancellation of 30 mines, making it the single biggest
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Coal blocks of major power producers to face the axe
Hindalco’s Mahan coal block, along with some blocks of Tata Steel, Jindal Steel and Power and Reliance Power could be cancelled by an inter-ministerial group, which will meet on Friday. The cancellations would figure as part of the list of 61 blocks that were allocated to companies between 2005 and 2008. Significantly, the cancellation for Mahan, if it happens, would be after it has got a go-ahead from the ministry of environment and forests recently. Aditya Birla Group company Hindalco and Ruia’s Essar have plans to develop the block jointly.
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Govt seeks information on progress in 61 coal blocks
There were 11 companies which were not recommended by Power Ministry but selected by screening committee The coal ministry has sought information from companies on the progress of 61 captive coal blocks allocated to them. The blocks are being reviewed for lapses and the companies have been given three-weeks time to respond before taking a final decision on the cancellation of allocations.