This discussion paper builds on CPI’s earlier work, with a focus on the technologies, challenges, and current state of financing for the decarbonization of India’s iron and steel sectors, since this is
New Delhi: Steel major SAIL on Monday got a dressing down from the government over “unsatisfactory” performance and poor progress in expansion and modernization programmes, leading to cost escalations.
State-owned trading giant MMTC has inked pacts with Japanese and South Korean steel companies including Posco, to supply 2.8 million tonnes of iron ore annually for a period of three years. "We have signed iron ore supply contracts with five Japanese firms and one South Korean company for a period of three years. The exports are expected to start from July this year,"
The coal ministry has said captive coal blocks could not be allocated to private companies at the market price of reserves. This is despite the Comptroller and Auditor General of India (CAG) recently blaming the government for extending “undue gains” worth a whopping Rs 10.6 lakh crore to companies by not allocating the blocks at market prices.
The company has so far got 500 acres while the govt claims to have acquired 2,000 acres South Korean steel major Posco and Odisha government have agreed to set up an 8 million tonne per annum (mtpa) steel
Posco India on Wednesday pressed for handing over of 2,700 acres of land to the company for start of construction of its much hyped project in the state. The company also scotched all speculation about downsizing the project due to constraints in land acquisition. The speculation had gained ground after the South Korean ambassador, Kim Joong-Keun, who visited the state on May 2, said, Posco would a build a smaller size plant if there is problem in acquiring the full 4,004 acres for the 12 million tonne project.
Incriminating documents seized, says investigating agency The Central Bureau of Investigation (CBI) conducted searches on the premises of former chief minister B S Yeddyurappa, members of his family,
BHUBANESWAR: Posco India CMD Yong-Won Yoon on Wednesday said that the company will set up 8 million tonne capacity steel plant near Paradip in Jagatsinghpur district with the available land and expand
Posco India Chairman-cum-Managing Director YW Yoon on Wednesday asserted that despite delay in the transfer of required land, there was no question of downsising or reducing the project cost of the proposed
Bhubaneswar: The Odisha government has sought a fresh detailed project report from Posco India concerning its proposal to downsize the proposed 12-MTPA steel project near Paradip in Jagatsinghpur district
JSW Steel, the country’s third-biggest steelmaker, reported a 10 per cent fall in quarterly net profit, beating expectations, and said it expected to operate its main plant at 80 per cent capacity in 2012-13, as iron ore supplies take time to stabilise. Production at JSW Steel’s 10-million-tonne per year Vijayanagar plant in Karnataka has been affected since August after the Supreme Court put an interim ban on mining in the state, citing illegalities in some mines. While ore supplies have been partially restored through auctions, the Supreme Court last week ordered the Central Bureau of Investigation to probe JSW Steel’s alleged involvement in illegal iron ore mining in the state.
