Judgment of the National Green Tribunal, May 27, 2025 in the matter of Sumit Saini Vs Shree Ram Steel Industries & Others. Sumit Saini, resident of village Damla, District Yamuna Nagar, Haryana had sent a letter petition dated May 14, 2022 to the NGT. The application said that around 25 …
Steel industry expects availability to fall further in 2013-14, no exports recorded since November The severe shortage in iron ore supplies from Karnataka and Goa, where mining was stopped following a Supreme Court directive, and the cap on production in Odisha have led to India becoming a net importer of …
Bhubaneswar: The Comptroller & Auditor General of India(CAG) has detected large-scale irregularities in allotment of land and houses by the Orissa government and estimates a scam of about R4,000 crore. While sending a draft report to the Orissa government, a copy of which is available with FE, the CAG has …
Sustainability reporting is one of the key elements of sustainability management for Essar Steel India and plays an important role in its mission to create value for the stakeholders and resolve risks and threats to the business in the terms of long-term economic growth, environment and ecological conservation and societal …
‘The Supreme Court on Friday refused to stay recovery of entry tax dues amounting to more than R350 crore, payable on goods imported by companies for their plants and services in Orissa between 2008 and 2012. Companies including Vedanta Aluminium and Tata Steel have been slapped notices over these dues. …
New Delhi: This might have looked improbable until a couple of years ago, but recent curbs on mining of iron ore in regions rich in this natural resource have prompted Indian firms to import this key input for the steel industry. The country’s largest iron ore exporter, the Goa-based Sesa …
Ranchi, Oct. 3: Chief minister Arjun Munda today ordered scrapping of six more MoUs, which could have translated to investments to the tune of Rs 2,000 crore in the steel and captive power sector, taking the number of pacts cancelled so far to 33. The axe fell on big players …
The ministry of environment and forests on Wednesday granted forest clearance to the Mahan coal block spread over 1,082 hectares of prime forest in the Singrauli district of Madhya Pradesh. This coal block was denied clearance four times by the Forest Advisory Committee, who had cited the presence of a …
NMDC has raised iron ore prices by 8-13 per cent for domestic sales Fearing a further squeeze on profit margins, steel manufacturers have sought intervention of the ministry of steel in the issue of the recent “arbitrary” price increase in iron ore price by state-owned NMDC. In a letter dated …
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 …
Move likely to improve margin at Vadinar refinery by $1 per barrel. Private sector refiner Essar Oil says its margin will improve by at least $1 per barrel by switching the fuel at its Vadinar refinery in Gujarat from gas to coal.Essar Oil’s managing director and chief executive Lalit Gupta …
New Delhi Steel majors have accused country's biggest iron ore producer NMDC of charging higher prices for ore while exporting at a lower rate and said the “anomaly in pricing mechanism” of the state-run company would lead to higher steel imports. Steel producers said ore prices have come down globally …
The domestic steel industry, reeling under high input costs, dipping domestic demand and rising interest rates has demanded that the government expressly place steel on the negative list in the Comprehensive Economic Partnership Agreements (CEPA) with South Korea and Japan failing which, it could bring about severe stress on capacity …
The Odisha government has refused to abide by a clause of the Mineral Concession Rule (MCR), 1960, dealing with royalty charges on minerals, citing certain flaws in it. According to Rule 64 B, sub-rule (1) of the MCR Rule 1960, the states can charge royalty on the minerals that has …
The IL&FS-led; consortium’s move sparks hopes of a revival in lending to large mining projects A consortium of lenders led by IL&FS; have agreed to provide . 900 crore to an iron ore project in Odisha promoted by UK-based trading major Stemcor, sparking hopes of a revival in lending to …
Private sector steel manufacturer, Essar Steel has commissioned a 19 MW heat recovery power plant at its Hazira unit of Gujarat, which is likely to reduce the power cost of the company. The company in a release said this would also benefit with the availability of carbon credits due to …
The iron and steel sector is non-transparent, non-compliant with weak environmental norms and is getting away with it because of an even weaker regulatory framework When the Centre for Science and Environment (CSE) started its Green Rating Project in the mid-1990s, India had just liberalised its economy. There were fears …
Better regulation of the sector is needed The environmental performance of the Indian iron and steel industry is poor, according to the latest indices released by the Green Rating Project of the Centre for Science and Environment. On a scale of 10 (the theoretical best), the global best practitioners score …
Steel major Essar Steel Ltd (ESL) has received the CSE's Green Rating Award for its efforts towards resource use efficiency and steel slag re-use. Mr Montek Singh Ahluwalia, Deputy Chairman, Planning Commission, and Ms Jayanthi Natarajan, Union Minister of State for Environment and Forests, presented The Three Leaves Award to …
Indian steel companies are getting away with causing grave damage to the environment. They are not even adhering to the country’s already lax environmental laws – despite using large amounts of minerals, water and electricity. This was revealed in a report recently released by the Centre for Science and Environment, …
RINL along with two other companies (Ispat Industries and Essar Steel) bagged the prestigious award with "3 Leaves rating" out of 5 leaves. Rashtriya Ispat Nigam Limited has received the prestigious Green Rating Award based on assessment done by Centre for Science and Environment (CSE) for achieving several benchmarks on …
