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Steel Industry News

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NMDC-Severstal steel plant likely by 2017
Monday 21st Nov 2011    1371
NMDC-Severstal steel plant likely by 2017
 
Lucknow : The proposed steel plant to be set up jointly by state owned National Mineral Development Corporation (NMDC) and Russian behemoth Severstal in Karnataka may be commissioned by 2017.

The 50:50....

 
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Probe mining irregularities by JSW, Adani: SC to panel
Saturday 19th Nov 2011    1354
Probe mining irregularities by JSW, Adani: SC to panel
 
New Delhi : The Supreme Court on Friday asked its central empowered committee (CEC) to enquire into allegations of mining irregularities by Jindal Steel and Adani Enterprises, based on the Karnataka Lokayukta....
 
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JSW Energy slides over rejection of MERC plea
Friday 18th Nov 2011    1356
JSW Energy slides over rejection of MERC plea
 
Mumbai : JSW Energy has shed nearly 4% at Rs 43.85 as the company got yet another jolt on Thursday, as Maharashtra Electricity Regulatory Commission (MERC) rejected its petition to pass....
 
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JSW undecided on Mozambique block
Thursday 17th Nov 2011    1357
JSW undecided on Mozambique block
 
Mumbai : JSW Steel had plans to transfer thermal coal mine to the power arm, but the boards have yet to discuss the transfer.

One may call it the curious case of....

 
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JSPL to invest Rs 500 cr on downstream park
Wednesday 16th Nov 2011    1357
JSPL to invest Rs 500 cr on downstream park
 
Kolkata : Jindal Steel & Power Ltd (JSPL) has committed an investment of Rs 500 crore for a downstream industrial park in Orissa.

This is the latest in a string of investment....

 
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SAIL, Oman Oil to set up Rs 15,000 cr steel plant
Wednesday 16th Nov 2011    1355
SAIL, Oman Oil to set up Rs 15,000 cr steel plant
 
New Delhi : State-run steel maker SAIL today said it has signed an initial pact with Oman Oil Co to jointly set up a 3 million tonne per annum (mtpa) gas-based steel....
 
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JSW Steel slips into red at Rs 669 cr
Monday 14th Nov 2011    1354
JSW Steel slips into red at Rs 669 cr
 
Mumbai : Steel manufacturer JSW Steel slipped into a net loss of Rs 669.3 crore for the second quarter ended September 2011. In the year ago period, the company posted a....
 
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Mahindra Ugine in steel JV with Sanyo, Mitsui
Saturday 12th Nov 2011    1354
Mahindra Ugine in steel JV with Sanyo, Mitsui
 
New Delhi : Mahindra Ugine Steel, said on Friday its board has approved a slump sale of its steel division to its new unit and agreed to rope in Sanyo Special Steel....
 
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JSW Energy posts loss, plans to refinance Rs 2,000 cr of debt
Thursday 10th Nov 2011    1348
JSW Energy posts loss, plans to refinance Rs 2,000 cr of debt
 
Mumbai : JSW Energy is looking to refinance Rs 2,000 crore of debt by the end of this financial year.

Its chief financial officer, Pramod Menon, said, “There is only one more....

 
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SAIL says JV with Posco still on, uncertain on timing
Friday 4th Nov 2011    1354
SAIL says JV with Posco still on, uncertain on timing
 
New Delhi : A day after Steel Minister Beni Prasad Verma cancelled his Korea visit over differences between SAIL and Posco on their proposed joint venture, the PSU said talks with the....
 
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