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 new Bill on Land Acquisition approved by the Union Cabinet will be a huge setback for industrial growth in Odisha at a time when big ticket investors like Posco and ArcelorMittal are already struggling to procure land for their projects, industry experts said. According to the new Bill ratified …
Bhubaneswar: The Orissa government has proposed to lay down a well-defined policy for renewal of MoUs signed with industrial houses. The policy is likely to expedite the renewal of MoUs signed for the mega steel projects promoted by Posco-India, Arcelor Mittal and Jindal Steel & Power. The state government has …
Jamshedpur The HIsarna iron making technology being developed jointly by a consortium of steelmakers in Europe led by Tata Steel, holds prospects of not only being a major green technology but also promises 25% savings in terms of capital expenditure (capex) and operational expenditure (opex). The technology, which has steel …
The state is the highest producer of high-quality sized iron ore and fines, with annual output surpassing 75 mn tonnes Odisha, the largest producer of iron ore in the country, is mulling canalisation of iron ore trade by appointing a designated agency in order to bring in transparency and generate …
A day after it posted its first ever quarterly net loss due to slowdown in China and aweak market in Europe, ArcelorMittal, the world’s largest steel producer has some reason to cheer. ArcelorMittal has received allotment of 2,569 acres in Bellary, Karnataka, where it proposes to set up a six-million …
The company has got the entire 2,700 acres of land near Bellary, Karnataka ArcelorMittal has finally crossed the biggest hurdle in setting up any project in India -- land. The company has got the entire 2,700 acres of land near Bellary, Karnataka, required for its steel plant from the state …
Last week, Sriprakash Jaiswal said files were yet to reach him The Coal Ministry has not acted upon the recommendations of the Inter-Ministerial Group (IMG) for de-allocating six additional coal blocks and deduct bank guarantee in the case of seven companies. Although the IMG had submitted its final recommendations relating …
The blocks facing action are part of the 29 under the IMG scanner The Inter-Ministerial Group (IMG) reviewing the controversial allotment of coal blocks for captive mining on Wednesday recommended cancelling those given to three companies, including Rungta Mines Ltd, due to production delays. It also said the government should …
Projects steel demand at 202-233 MT The draft National Steel Policy has pegged the country's steel making capacity in the range of 244-281 million tonne by 2025-26. The policy seeks to replace the existing one that was formulated in 2005, and suggest ways to create an environment conducive for the …
The Supreme Court on Friday issued notice to the Centre on a public interest suit seeking to quash the allotment of 194 coal blocks to private companies in six states. The government will have to respond to six questions from the court. Solicitor General R F Nariman accepted the notice …
The fate of 17 coal blocks is on line as the inter-Ministerial group (IMG), headed by Zohra Chatterjee, is likely to recommend de-allocation for not only their failure to develop the mining assets within the given timeframe but also indulging in misrepresentation of facts, supplying fraudulent documents and giving misleading …
FIRs against 5 companies, raids in 10 cities, captive block holders face charges of misrepresentation of facts, criminal conspiracy & cheating After the telecom scam, the Central Bureau of Investigation (CBI) has turned the heat on the allocation of coal blocks. It has registered FIRs against 20 accused, including five …
IMG to seek investment details from 58 mine operators The government will ask the operators of 58 coal blocks that have been issued show-cause notices to provide details of investments this week to ensure only non-performers lose their mines, a top government official told ET on condition of anonymity. The …
Govt has already issued notices to 58 blocks: 33 allotted to govt firms & 25 to pvt entities Amid the raging row over coal block allocation, as many as 90 mines face the threat of de-allocation as these are under scanner for non-production. Of these, 58 coal blocks are in …
Government on Monday ruled out cancellation of any coal block allocation till the inter- ministerial group (IMG), constituted to review the issue, submits its report. “We have constituted the IMG, which is reviewing 58 coal blocks. It has been asked to submit its report in a time-bound manner and latest …
New Delhi The axe is likely to fall on about two dozen captive coal block allottees that feature in both the CAG list of companies making windfall gains and the list of entities that were issued show-cause notices by the coal ministry last year for sluggish progress on their respective …
New Delhi: The government is looking at cancelling 53 captive coal block allocations that have come under the coal ministry’s scanner for the failure of allottees to meet timelines for starting production, sources indicated on Wednesday. Several big corporates, including Tata, Arcelor Mittal and Jindal groups are among those facing …
Among major projects stalled awaiting new legislation are Posco, ArcelorMittal, Tata Steel and Coal India More than a century after it was drawn up by British colonial rulers, India's land acquisition law is finally set for a revamp that promises to breathe life into scores of frozen industrial and infrastructure …
Land acquisition delay holding up mega projects, admits minister Projects proposed by steel players who have signed MoUs (memorandum of understanding) with the Odisha government are set to go under the scanner soon. The state steel & mines department intends to conduct a comprehensive review of such projects after the …
New Delhi As many as 50 of the 57 captive coal blocks allocated to private firms, which are at the centre of a row over a damning CAG report, haven’t yet got various other statutory clearances. Coal minister Sriprakash Jaiswal cited this and the fact that 20 of these blocks …
