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Steel Industry News

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Mining companies to take a hit of Rs 15,000 cr
Monday 3rd Oct 2011    1358
Mining companies to take a hit of Rs 15,000 cr
 
New Delhi : Mining companies have warned of a price spiral in commodities once the new mining law provisions are in place. The industry sees the government decision of mandatory profit and....
 
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Tata Metaliks to add facilities at Kharagpur plant
Friday 30th Sep 2011    1368
Tata Metaliks to add facilities at Kharagpur plant
 
Kolkata : After entering into an agreement to sell its Redi plant in Maharashtra, Tata Metaliks, a part of Tata Steel, is looking to add facilities at its

Sinter plant, coke oven....

 
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Tata Metaliks, Fomento ink deal for Redi's divestment
Thursday 29th Sep 2011    1355
Tata Metaliks, Fomento ink deal for Redi's divestment
 
Kolkata : Tata Metaliks, part of Tata Steel, has entered into an agreement with Fomento Resources group for divestment of Redi facilities, as part of a strategic review of its portfolio.

The....

 
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JSPL to invest Rs 1 lakh cr in Jharkhand
Wednesday 28th Sep 2011    1353
JSPL to invest Rs 1 lakh cr in Jharkhand
 
New Delhi : Jindal Steel and Power (JSPL) today said it planned to invest about Rs 1,00,000 crore in Jharkhand to set up two steel plants of 11 million tonne annual capacity....
 
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JSW's prospects turn bleaker
Wednesday 28th Sep 2011    1349
JSW's prospects turn bleaker
 
Mumbai : Insufficient iron-ore supplies and the resulting decline in steel output have led analysts to cut their earnings estimates for the company.

JSW Steel’s problems have only grown bigger with the....

 
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Jindal, govt accuse each other of short sight
Wednesday 28th Sep 2011    1378
Jindal, govt accuse each other of short sight
 
New Delhi : Critical words were exchanged on Tuesday between Indian steel tycoon Sajjan Jindal of the billionaire Jindal clan and the government over the steel industry’s problems from the unprecedented raw....
 
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JSW Steel dips on output cut at Vijaynagar plant
Tuesday 27th Sep 2011    1355
JSW Steel dips on output cut at Vijaynagar plant
 
Mumbai : JSW Steel has dipped more than 3% to Rs 599 in noon deals, extending Monday’s over 2% fall after the company cut output by 70% at its Vijayanagar plant....
 
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Numaligarh Refinery ties up with TII to uphold integrity
Tuesday 27th Sep 2011    1379
Numaligarh Refinery ties up with TII to uphold integrity
 
Kolkata : Against the backdrop of a corruption ridden national scenario, where even reports of alleged involvement of corporate sector in scams too have surfaced in recent days, Assam based Numaligarh....
 
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SAIL gives Rs 1 cr to CM Relief Fund
Tuesday 27th Sep 2011    1350
SAIL gives Rs 1 cr to CM Relief Fund
 
Kolkata : C S Verma, Chairman of the Maharatna steel PSU Steel Authority of India Limited (SAIL) handed over a cheque of Rs 1 crore to the Orissa Chief Minister Naveen....
 
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India to become world's 2nd largest steel producer by 2015
Monday 26th Sep 2011    1353
India to become world's 2nd largest steel producer by 2015
 
New Delhi : India is expected to become the world's second-largest producer of crude steel by 2015, riding on expansion plans of domestic players like Steel Authority of India (SAIL) and Rashtriya....
 
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