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Steel Industry News

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SAIL, Oman Oil to set up Rs 15,000 cr steel plant

Wednesday 16th Nov 2011 1358

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 1356

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 1355

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 1349

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 1355

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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