User: subbu Topic: Companies
Category: POSCO
Last updated: Dec 15 2017 16:59 IST RSS 2.0
 
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ArcelorMittal to make auto steel in India in 3 years as car output booms: official 15.12.2017 Top Stories
NEW DELHI (Reuters) - India's state steel company will start producing automotive steel in a $1 billion partnership with ArcelorMittal in three years, a top government official said, helping cut imports of high-grade steel as the country revs up car ...
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South Koreans hope for opportunities in eastern India despite Posco episode 11.12.2017 All News-IANS Stories
South Korea's Korea Trade-Investment Promotion Agency (Kotra) on Monday opened its fifth office in India here as it is hoping positive on the eastern region for offering opportunities even after the country's steel maker Posco's $12 billion greenfield project in Odisha failed to see daylight.
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SAIL board to approve $1-bn JV with ArcelorMittal next week: Sources 7.12.2017 Business Standard: News Now
The venture agreement was extended multiple times, and the last extension lapsed on November 30
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JSW Steel forms subsidiary to fast-track Rs 55k-cr projects in Odisha 2.12.2017 All Companies Stories
Firm has asked state govt to transfer all clearances, approvals to the newly formed JSW Utkal Steel Ltd
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ArcelorMittal's bid for steel firms in trouble 25.11.2017 Business Standard: Today
In 2009, ArcelorMittal had picked up a stake in Uttam Galva Steels
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Panel asks JSW Steel to submit fresh EC application for Odisha projects 24.11.2017 All Companies Stories
The Sajjan Jindal led-firm on Oct 25 this year, had sought the environment clearance for 13.2 million tonnes integrated steel plant
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Railways to go ahead with global tender 22.11.2017 Business Standard: News Now
On an average, SAIL's Bhilai Steel Plant supplies about 700,000-800,000 tonnes of rail to the national Railways
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ArcelorMittal team visits Bhushan, Essar plants for due diligence 22.11.2017 Business Standard: News Now
Mittal was in India last week with a team of about 40 people for the due-diligence exercise, multiple sources said
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Naxal shadow over Essar Steel bid in Chhattisgarh 20.11.2017 Business Standard: Companies & Industry
Prospective investors for Essar Steel may have to factor in the Naxal violence which has cost the company quite a bit in the past.Essar Steel, promoted by the Ruias, was among 12 companies recommended by the Reserve Bank of India for insolvency under the Insolvency and Bankruptcy Code. A number of companies including Tata Steel and ArcelorMittal have evinced interest in Essar Steel.Apart from the Hazira plant, Essar Steel operates a number of downstream facilities that include a beneficiation plant in Chhattisgarh.In 2005, Essar Steel built a 267-km slurry pipeline, reportedly world's second largest, to carry iron ore in slurry form from Dantewada - infamous for Naxal violence -to the company's Visakhapatnam pellet plant that feeds the Hazira plant.But Essar Steel could never comfortably operate the pipeline due to Naxal terror. The pipeline passes through the Naxal stronghold pockets that rebels claim to be their "liberated zone". According to Chhattisgarh police's record, Naxalites .
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Rising gas prices hurting Essar Steel, Torrent Power margins 17.11.2017 Market News
While company officials declined to comment, they said volatility in gas prices was a challenge
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Odisha wants GI tag for its own brand of Rasagola 15.11.2017 All Current Affairs Stories
Acting belatedly on its claim of being the origin of Rasagola, a round shaped sweet made from cottage cheese, Odisha government today decided to file an application for registration of its own brand of Rasagola with the GI (geographical indication) registry. This follows grant of GI tag to the West Bengal produced Rasgulla by the authorities on Tuesday.Both the neighbouring states have been locked in a bitter fight over their claims of being the originator of the syrupy sweet though the shape, size, texture and making process as well as the name of the product- Rasagola in Odisha and Rasogolla in Bengal differ.The decision to file an GI application for Odisha product was taken at a meeting held under the chairmanship of Development Commissioner R Balakrishnan."Banglar Rasogolla has been registered with GI on an application filed by Government of West Bengal. This only provides GI Tag to the Banglar Rasogolla specific to the West Bengal", clarified an official statement.GI tag is an ...
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Tata Steel achieves full ramp-up at Kalinganagar, plans cold rolling mill 14.11.2017 Latest News
The steel company has invested Rs 25,000 crore on Kalinganagar project
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Essar Steel output falls as IRP cites working capital crunch 8.11.2017 Hindu: Home
Essar Group to bid for steel assets, submit resolution plan to interim professional
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Naxal violence can cast shadow over Essar Steel bid 7.11.2017 Latest News
Essar Steel was among the initial companies that had been put up for sale under the insolvency proceedings
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JSW Steel seeks green nod for Odisha mega steel plant 1.11.2017 Business Standard: News Now
Sajjan Jindal controlled JSW Group with interests in steel, infrastructure and energy, has sought the green nod for its mega steel plant cum captive power plant (CPP) proposed near Paradip in Odisha.The company has applied for environment clearance for the crude steel plant of 13.2 million tonnes per annum (mtpa) and 900 Mw CPP to be set up within the integrated steel plant complex.The expert appraisal committee (EAC) of the Union ministry of environment, forest & climate change (MoEF&CC) would take up JSW Steel's case at its upcoming meeting of industrial projects scheduled on November 15."JSW's bid for environment clearance for steel plant and CPP would be vetted by EAC at its next meeting for industrial projects. Along with the steel plant and CPP, a cement unit by the group is also on the agenda", said an official source.JSW Steel had originally proposed to set up a 10 mtpa capacity shore-based steel plant in Odisha. It had asked for 4500 acres of land for the steel mill. .
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Essar Group, Tatas, ArcelorMittal submit bids for debt-laden Essar Steel 29.10.2017 Business Standard: News Now
Essar Steel India Ltd is undergoing Corporate Insolvency Resolution Process under the provisions of Insolvency and Bankruptcy Code
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Ruias take Russian tie-up route for Essar Steel bid 27.10.2017 Business Standard: Companies & Industry
The Ruias have submitted an expression of interest for Essar Steel along with a letter of comfort from VTB Capital
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POSCO third-quarter operating profit rises 9%, meets forecasts 26.10.2017 News
The world's fifth-biggest steelmaker said that consolidated operating profit was $1.01 billion in the third quarter
Odisha has ready-to-use 100,000-acre land bank for industries: Official 24.10.2017 Latest News
South Korean steel giant Posco had suspended its $12-bn steel project in Odisha, citing delays in various regulatory approvals and land hurdles in setting up a 12 MTPA steel plant at Jagatsinghpur
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Tatas, Ruias submit bids for Essar Steel 24.10.2017 Business Standard: News Now
JSW Steel is said to have skipped submitting a resolution plan for Essar Steel
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