Steel Authority of India (SAIL)

First food: business of taste

Good Food is First Food. It is not junk food. It is the food that connects nature and nutrition with livelihoods. This food is good for our health; it comes from the rich biodiversity of our regions; it provides employment to people. Most importantly, cooking and eating give us pleasure. …

Coal ministry panel cancels award of 11 captive blocks

The coal ministry on Thursday decided to de-allocate 11 captive coal blocks including three mines of Jindal Steel and Power, besides forfeiting the bank guarantees of six firms and asking five to expressly furnish bank guarantees. The ministry has been facing intense flak over alleged irregularities in allocation of coal …

SAIL seeks final Jharkhand iron ore mine approvals from PMG

Company plans to ramp up the capacity of the Gua mines to 10 MTPA from 2.4 MTPA at an investment of about Rs 3,000 crore. SAIL has knocked at the doors of the Prime Minister's Project Monitoring Group, set up to expedite approvals of stalled infrastructure proposals, seeking final forest …

IMG calls for scrapping of 11 coal mines

Intensifying its drive against firms sitting idle on mines, the Inter-Ministerial Group (IMG) on coal blocks has recommended deallocation of 11 blocks given to companies like JSPL and Monnet Ispat & Energy. "The IMG has recently recommended deallocation of 11 coal blocks of companies like JSPL and Monnet Ispat & …

SAIL scouts for new iron ore mines in MP, Chhattisgarh

The state-owned company is gearing up to increase its steel making capacity by up to 50% to 21 mn tonnes by this fiscal State-owned SAIL is scouting for new iron ore mines in several states, including Madhya Pradesh, Chhattisgarh, Odisha and Karnataka, as it is gearing up to increase its …

Posco exits Karnataka, left with two steel projects in India

Korean steel giant is fed up over delay in land acquisition South Korean steel giant Posco has called off its decision to invest Rs 32,300 crore to set up a six-million-tonne-per-annum steel plant in Karnataka. The decision follows prolonged delay in the acquisition of land by the state government at …

Odisha to meet CEC next month on e-auction roll out

E-auction launch in the state has been delayed amid pending written consent from the CEC The Odisha government will have its next meeting with the Supreme Court appointed central empowered committee (CEC) in August to have the final round of negotiations on rolling out the proposed e-auction in the state …

Odisha miners move court on stamp duty order

Govt refuses to budge preparing the field for face-off The tussle between the state government and miners over the recent order on mining stamp duty has hit a new pitch as the former refused to relax the deadline for collection of the levy. While miners, such as Tata Steel, have …

SAIL stress on green mining

- Rs 3800 crore earmarked for projects Jharkhand is set to benefit significantly from Steel Authority of India Limited’s (SAIL) environment-friendly projects that will be set up at an investment of around Rs 3,800 crore. The public sector steel giant has decided to install state-of-the-art ore beneficiation technology at its …

SAIL’s R70-cr green move for 3 mines

Jamshedpur : Steel Authority of India (SAIL), through its raw material division (RMD), is set to invest around R70 crore this fiscal in three iron ore mines in Jharkhand and Orissa, in order to make them environment-friendly as well as to reclaim iron ore. The RMD, which has seven iron …

Coal Ministry issues show-cause notices to 12 firms

Continuing with the strong action as suggested by the Inter Ministerial Group (IMG) for not developing the coal mines, the Coal Ministry has issued show-cause notices to 12 companies, including public sector undertakings (PSUs) seeking an explanation from them for not developing the blocks and why the same should not …

Coal Ministry slaps show cause notices on 12 firms

On the day when Central Bureau of Investigation (CBI) registered two new FIRs in the Coalgate scam, the Coal Ministry on Tuesday slapped show cause notices on 12 firms including state-owned NTPC, SAIL and Damodar Valley Corporation along with Bhushan Steel and Power, West Bengal Power Development Corporation threatening to …

Iron ore mining ban in Odisha likely to hit captive miners

If the M B Shah Commission's proposal for a complete ban on iron ore mining in Odisha is implemented, it may result in a fall of 11 million tonnes (mt) in the combined captive iron ore output of Steel Authority of India Limited (SAIL) and Tata Steel. Earlier, iron ore …

32 firms to get notices on undeveloped coal blocks

Trouble for big fish Jindal Steel, NTPC, Tata Steel, SAIL The Government is likely to issue show-cause notices to allocatees of 32 captive coal blocks, including Jindal Steel and Power, NTPC, Tata Steel and SAIL, for failing to develop the blocks on time. The decision to crack down on the …

IBM seeks details on 24 mines awaiting lease renewal

State says IBM report on 'mineral development' not binging The Indian Bureau of Mines (IBM) has sought from the Odisha government the details of 24 mining leases, which are awaiting extension of the validity period of the leases, before giving its recommendation whether the leases should be renewed in the …

SAIL to Pump 10k cr into Doubling Mining Capacity by FY16

Steel Authority of India Limited (SAIL) has lined up an investment of . 10,284 crore to double capacity of its captive iron ore mines to 45 million tonne. The plan is in tune with work to increase hot metal capacity by 2015-16. The company is also looking at a further …

CIL finds no merit in Steel Min’s proposal to auction BCCL mines

The steel ministry has called for the auctioning of all unused coking coal mines in the country to steel makers in view of the paucity of the fuel, triggering sharp reactions from Coal India Ltd. In its revised draft National Steel Policy 2012, the steel ministry has proposed that Bharat …

Vedanta urges Odisha to clear bauxite lease applications

With the availability of bauxite out of sight, even two months after it shut down its Lanjigarh alumina refinery, Vedanta Aluminium Ltd (VAL) has urged the Odisha government to expedite processing of the applications of state-controlled Odisha Mining Corporation (OMC) for bauxite mining leases. “We have requested the state government …

CIL plans to foray into solar power

Kolkata/Ranchi: Coal India (CIL) is foraying into the solar power sector with a view to make use of its whopping cash reserve of above R60,000 crore in a meaningful way. CIL chairman and managing director S Narsing Rao told FE there are business opportunities in the solar power sector and …

Will privatisation help fire up the coal industry?

In the absence of transport network and faster envt clearances, benefits will be limited After nearly 40 years of state ownership, the chorus of support for privatisation of coal mines is growing louder. With the economy ravenously short of coal to fire its power plants, and the state-owned Coal India …

Expedite forest diversion cases of PSUs, Centre tells Odisha

The Centre today asked the Odisha government to sort out the forest diversion issues expeditiously in the mining areas. Discussing the issue with chief secretary Bijay Kumar Patnaik at the State Secretariat here today, Union joint secretary of steel S Abbasi asked them to speed up the process for forest …

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