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PSL to invest up to Rs 500 cr in port construction

Tuesday 21st Jun 2011 137

Mumbai : Steel pipe maker PSL, which recently got one of the largest gas pipeline contracts, is exploring options of entering port construction business.

The Ashok Punj-managed company is ready to invest....

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NMDC finalises Rs 3,000-cr pipeline project

Monday 20th Jun 2011 137

Hyderabad : State-run iron ore miner NMDC Ltd has finalised a Rs 3,000-crore slurry pipeline project for evacuating ore from its Bailadila mines in Chhattisgarh to Visakhapatnam in Andhra Pradesh.“I have....

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Essar Steel to double service centres

Monday 20th Jun 2011 139

Mumbai : Essar Steel, the Mumbai-based steelmaker that is expanding its capacity to 10 million tonnes, will almost double its service centres in India to make more customer-friendly steel that would....

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SPS fixes Rs. 5,000cr for hospitality & shipping biz

Monday 20th Jun 2011 138

Kolkata : The West Bengal based SPS Group currently engaged in steel manufacturing has drawn up an ambitious plan to diversify into the hospitality and shipping business and has set aside....

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Concast Group buys SPS steel plant for Rs.800 cr

Monday 20th Jun 2011 139

Bhubaneswar : Kolkata-based Concast Group has acquired Bipin Vohra promoted SPS Steel’s Jharsuguda-based steel plant for Rs.800 crore. The new owners have renamed the steel unit as Concast Steel and Power....

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Riversdale cash to fuel Tata Steel expansion

Saturday 18th Jun 2011 139

Mumbai : Selling its stake in Riversdale Mining for over a billion dollars could not have come at a more appropriate time for Tata Steel. With ambitious capex plans for its brownfield....

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JSW Steel crude steel production surges 9% in may

Saturday 18th Jun 2011 141

Mumbai : The leading steel firm JSW Steel has informed that there has been a remarkable growth in its crude steel production in the month of may.

The company has issued this....

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Steel price may continue to increase

Friday 17th Jun 2011 139

Mumbai : Tata Steel Vice-Chairman B Muthuraman recently told media that steel prices may further go up. He was talking to reporters during an event organized by CII. Upward trend is....

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Tata Steel gains on stake disinvestment in Riversdale

Friday 17th Jun 2011 140

Mumbai : Tata Steel is trading higher by 3% at Rs 569 after the company sold its entire stake in Australia’s Riversdale Mining Ltd. to Rio Tinto Group for A$1.06 billion....

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Jindal Steel & Power plans to create 32,000 new jobs through CTL plant in Orissa

Thursday 16th Jun 2011 138

Angul : Steel producer Jindal Steel and Power Limited (JSPL), has announced its plans to add more 32,000 jobs through the development of a Coal To Liquid (CTL) Plant here with....

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