These units would soon turn older than 25 years and can't be retrofitted to meet new emission norms Thermal power generating giant NTPC is likely to retire 25 power generating units, totalling 2,390
Tata Power, Reliance Power, ArcelorMittal, Jindal Steel & Power and Monnet Ispat & Energy are among 60 companies that face the risk of cancellation of mining licences for being slow in exploration
NEW DELHI: A seven-member consortium of Indian companies led by Steel Authority of India has bagged the rights to mine iron ore at Hajigak in Afghanistan, said to contain the world's second-largest reserves
Public sector steel major SAIL has dropped its plan to set up a stainless steel special economic zone (SEZ) at Salem in Tamil Nadu. Instead, the company has decided to set up a wind energy plant to meet its renewable energy requirement. The government-owned steel major has already invited the expression of interests (EoIs) from private energy firms to develop the wind energy unit, according to sources privy to the development.
<p>Vedanta Aluminum Ltd (VAL) is open to make a fresh proposal to obtain environmental clearance for the expansion plans at its aluminum unit in Lanjigarh, Orissa. However, the company said it wanted the government to consider its application on par with other companies like Lavasa, Posco, SAIL and Jindal Power Ltd, who had recently got a green nod for their projects.
New Delhi The new mining Bill cleared by a group of ministers last week envisaging direct benefit to people from the minerals underneath the land they own, also has a provision for setting up a clutch of ultra mega mining plants (UMMPs) in the country. As per the proposal, state governments will identify locations for large mines with respect to specific minerals such as iron ore, bauxite, chro
Move to incentivise steel plants that invest in improving iron ore facilities
This commercial ship, partly powered by a giant kite, set off on its maiden voyage from the German city Bremen to Venezuela in the third week of January. Designers of the vessel, MS Beluga
Bowing to continuous government pressure, the steel industry today agreed to cut prices by Rs 4,000 a tonne on flat products, used in consumer durables and automobiles, and Rs 2,000 a tonne on long products, used in construction, with immediate effect. The industry also reiterated its April 22 commitment to hold prices for the next three months. The decision to cut prices, the third and the steepest this year, followed a meeting with Prime Minister Manmohan Singh, Finance Minister P Chidambaram and Steel Minister Ram Vilas Paswan.
S. K. Roongta NEW DELHI: The Steel Authority of India (SAIL) on Monday announced that it had posted Rs. 1,835 crore net profit for the quarter ended June 30, a growth of 20.3 per cent over same period last fiscal riding on a 10-per cent growth in domestic sales including that of quality steels. It had a net profit of Rs. 1,525.12 crore in the first quarter of fiscal 2008. The company's total income rose by 36.85 per cent to Rs. 11,421.99 crore in the latest quarter from Rs. 8,346.40 crore in the year-ago period.
