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 recent decision of the Supreme Court capping iron ore production at 30 million tonnes per annum in Karnataka has not deterred iron and steel companies from expanding their capacities. Both the existing and new steel companies have lined up expansion plans as well as set up greenfield plants in …
Even as decks are being cleared for recommencement of iron ore mining in Karnataka, following the clearance from a Supreme Court panel, the Karnataka government has initiated the process of allotting fresh mining lease to Arcelor Mittal India. Arcelor Mittal has proposed to set up a six million tonne per …
The Comptroller and Auditor General (CAG) has estimated windfall gains of Rs 1.86 lakh crore to over 90 private companies that were allocated captive coal blocks between 2004 and 2009 in an allegedly non-transparent manner. In a report tabled in Parliament on Friday, the national auditor said a part of …
Not able to make progress in its proposed `50,000 crore steel project in Jharkhand, the world’s largest steelmaker, ArcelorMittal, has sought the Centre’s help in expediting grant of mining lease in the State. ArcelorMittal raised the issue of inordinate delays in getting mining lease for Karampada mines in Singhbhum district …
Bangalore After a three-year gap, the Karnataka government has initiated the process to recommend new iron ore mining leases, a move that could speed up the launch of large steel projects by ArcelorMittal and Tata Metaliks in the state. “We have started the process by surveying land in Bellary and …
The recent decision of the Supreme Court capping iron ore production at 30 million tonnes per annum in Karnataka has not deterred iron and steel companies from expanding their capacities. Both the existing and new steel companies have lined up expansion plans as well as set up greenfield steel plants …
The State Government on Monday said it is optimistic about establishment of ArcelorMittal’s proposed 12 million tonne per annum (mtpa) steel plant in Keonjhar district in a peaceful manner. Informing this, Steel and Mines Minister Raghunath Mohanty, however, expressed his reservations over the commitment of ArcelorMittal in investing in steel …
A working paper to be circulated among members of CII and Ficci before a second meeting of the two sides next month Industry and civil society representatives agreed today on the need for a platform to discuss and create a consensus on land acquisition/utilisation and other basic issues in this …
Less than a decade ago, the infusion of private sector efficiency and project management skills was widely hailed as the panacea for turning around the all-pervasive slack visible in the execution of infrastructure projects. The situation on the ground, though, across most core sector shows that the private sector story …
The country's steel production capacity has reached 80 MT per annum with plans to ramp it up to 120 MTPA during the current fiscal An inter-ministerial panel will meet later this month to sort out issues impeding big-ticket investments in the steel sector. "An inter-ministerial group (IMG) on July 25 …
Better compensation demanded for land taken for steel plant The KIADB is alleged to have violated the order of the High Court of Karnataka, asking it to call a meeting of farmers who have demanded that the compensation amount for the land acquired for the steel plant proposed to be …
The CBI has set up 14 teams for “detailed investigations” into possible criminal misconduct in the allocation of 64 coal blocks during 2006-09, and allegations of their misuse by allottees. Sources said the blocks under the scanner include those in which allottees have not met any credible milestone. The coal …
The policy deep-freeze and land acquisition woes have resulted in over 500 projects, mostly power and steel, being shelved or put on hold during 2011-12, entailing a total investment of over Rs 5,00,000 crore. According to CMIE estimates, during the year Rs 1,70,000 crore worth of investment projects had been …
BHUBANESWAR: With patience running thin after a long wait to see its greenfield projects in Odisha and Jharkhand take off, ArcelorMittal seems to have learnt it the hard way that the wait has to be much longer. And hours after a ‘harsh’ statement from the company spokesperson in New Delhi, …
Mumbai: South Korean steel major Posco has sounded out unlisted Essar Steel for an alliance to build the planned $12 billion (12 million tonnes) steel plant in Orissa, which has run into repeated hurdles since the world’s fifth largest steel maker signed the construction agreement with the state government in …
Bangalore Uncertain times await investors planning to start iron-ore mining in Karnataka, as the state government has made it clear that fresh leases will be given only after the Supreme Court clears all legal cases concerning the sector. The state's controversy-ridden industry has come under the purview of the central …
In fresh proposal, co asks for 2,210 acres at Bijulia, Tughri, Gopidih & Chackmohanpur in Bokaro In a slight change in strategy towards setting up a greenfield steel unit in India, the world’s largest steel maker, ArcelorMittal, has asked the state government of Jharkhand for an additional 2,210 acre in …
Tribal inhabitants of Saranda in Jharkhand might have found some solace in the 'assurance' of Union Rural Development Minister Jairam Ramesh categorically stating that he was against mining in this tribal belt. The outspoken Minister, following a visit to the troubled area few months ago, had answered a question in …
Steel giant cites low iron content in mines; move casts shadow on GIM-II At a time when the State government is preparing for the second edition of Global Investors’ Meet (GIM), it has come to light that the world’s largest steel manufacturer ArcelorMittal has withdrawn its application seeking iron ore …
BHUBANESWAR: ArcellorMittal which has proposed to set up 12 million tonne steel plant in Keonjhar district is yet to submit the detailed project report (DPR) to the State Government because of delay in land acquisition. Steel and Mines Minister Raghunath Mohanty informed this to the members while replying to a …
