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 raw materials. The company had entered into a pact with Karnataka government for setting up …
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 raw materials. The company had entered into a pact with Karnataka government for setting up …
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 Galva Group, and Posco Korea, on Tuesday agreed to set up …
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 the mining sector on its toes. If the “Mines and Minerals (Development and …
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 at Taranto in the Puglia region of southern Italy employs 16,000 workers and has the biggest output capacity …
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 …
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. The government …
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 last year. Accordingly, the company had informed the government about its decision to surrender stakes …
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 de-allocation so far. Apart from several major firms like Jindal Steel and Power (JSPL), Essar Power, the Tata Group and …
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 …
The government has sent fresh notices to private companies asking them to furnish documents to verify the mining lease and green clearances or face cancellation of 61 blocks that have not started production or failed to meet key milestones. The coal ministry, facing scrutiny of the Supreme Court and investigative …
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 …
Don’t blame just the industry for the country’s mineral production falling 2.5% in April-September, dragging down the overall industrial output and GDP. Seven months after the Supreme Court lifted the ban on iron ore mining for the majority of lease areas in Karnataka that accounted for 70% of the state’s …
Decks have been cleared for India’s first 12-million tonne ultra mega steel plant (UMSP). State-run mining major NMDC, which has been named the nodal agency for the project by the Prime Minister-led National Manufacturing Competitiveness Council (NMCC), has started the process of acquiring land for the steel plant in Karnataka …
Company hopeful of bringing 3 operation ready projects on stream shortly, completing its Rs 50,000 cr power investment cycle set in motion 5 yrs back Vedanta London-listed metals and mining conglomerate Vedanta Resources Plc expects its operational power generation capacity in India to jump by half to 10,000 Mw within …
Central government will decide if South Korean steelmaker POSCO can have preferential access to an iron ore mine for its planned $12 billion steel plant, a top court said, providing a boost to the troubled project billed as the country's largest foreign direct investment (FDI). POSCO, the world's fourth-largest steel …
The steel ministry has asked the environment ministry to expressly revalidate the green clearance to Posco’s stranded steel project in Orissa “to avoid unnecessary noises raised by NGOs and anti-project entities.” The ministry would also begin fresh talks with the Naveen Patnaik government to stress the need to hand over …
Policy could end land acquisition and green nod problems, and encourage foreign investors The new steel policy, likely to be announced in a month, is expected to iron out issues related to foreign direct investments, land acquisitions and environment clearances. The draft of the new policy, seen as a stimulus …
GMR Energy Ltd, a subsidiary of 2.6 billion dollar diversified GMR Group, has started power generation at its thermal power plant in Dhenkanal district. The company has commissioned the first unit of its proposed 3X350 MW power project and synchronised it with the central grid network. “Work on commissioning the …
Posco, Asia’s third-largest steelmaker, agreed to buy a stake in ArcelorMittal Mines Canada Inc, Chung Jae Woong, a Seoul-based spokesman at Posco said. The Korean steelmaker hasn’t decided on the amount of stake it will purchase or for how much, Chung said on Tuesday. The Maeil Business Newspaper reported earlier …
During the year, govt also contemplated to open up sector for commercial mining Coal fired a minefield of controversies in 2012, fuelled by CAG estimates of a huge Rs 1.86 lakh crore loss for allocation of coal blocks to business houses without auction which served as fodder to the Opposition …
