User: subbu Topic: Companies
Category: POSCO
Last updated: Apr 22 2018 13:37 IST RSS 2.0
 
21 to 40 of 6,603    
JSW Steel hopes to start work on 12 mt Paradip steel plant in FY19 15.1.2018 Latest News
Sajjan Jindal led JSW Steel is looking at the possibility of starting project activity in the next fiscal on its 12 milion tonne mega steel plant proposed near Paradip in Odisha.The steel maker has committed an investment of Rs 55,000 crore on the integrated steel mill, 900 Mw captive power plant, 32 million tonne pellet unit, a captive port and a slurry pipeline to transport iron ore concentrates from Joda to the project site proposed near Paradip."JSW Steel can start work on the ground after they get land from the Odisha government. The government is processing the land requirement and we believe the identified land can be transferred to the company soon", said an Odisha government official.JSW Steel officials did not respond to queries sent by Business Standard. A questionnaire mailed to the company remained unanswered.The 12 million tonne steel unit by JSW Steel is to come up on 2700 acres land. It is the same land parcel alienated for the South Korean multi-national Posco that ...
Also found in: [+]
Essar Steel gets consent to establish Odisha iron ore block 15.1.2018 Business Standard: Companies & Industry
Essar Steel has got the 'Consent to Establish' from the State Pollution Control Board (SPCB) here for its Ghoraburhani-Sagasahi iron ore block. It was the first iron ore mine to be auctioned in the country. Essar Steel won the block with about 100 million tonnes deposits, outbidding strong contenders like Tata Steel and Jindal Steel & Power Ltd (JSPL).The pollution board has given the 'Consent to Establish' under Section 25 of Water (Prevention & Control of Pollution) Act, 1974 and Section 21 of Air (Prevention & Control of Pollution) Act, 1981.The approval is for production of run of the mine iron ore of capacity 7.16 million tonnes per annum (mtpa), crushing and screening plant and iron ore beneficiation plant of 6.7 mtpa. The facilities are proposed to be set up over an area of 139.16 hectares straddling the villages of Ghoraburhani, Sagasahi and Kalamanga at Koira tahsil in Sundargarh district.The 'Consent to Establish' is seen as a precursor to the grant of 'Consent ..
Also found in: [+]
SAIL plans to bid for stressed assets of Essar, Bhushan Steel 31.12.2017 Business Standard: Front Page Headlines
Essar Steel was among the initial 12 companies identified by the Reserve Bank of India for insolvency proceedings
Also found in: [+]
Appellate tribunal stays NCLT order allowing promoter to bid for firm 22.12.2017 Business Standard: Economy & Policy
NCLT had said that the corporate guarantee against promoter Anjani Kumar Lakhotia had not been invoked, so he was eligible to bid
Also found in: [+]
Upfront cash criteria to bid for stressed assets not feasible: Bidders 21.12.2017 All Economy & Policy Stories
The upfront cash to be paid to the banks will not make it feasible to bid for the large assets
Also found in: [+]
SAIL moves Odisha HC to quash demand of Rs 47 crore for excess mining 19.12.2017 All Companies Stories
State run steel maker Steel Authority of India Ltd (SAIL) has moved Odisha High Court for quashing the demand notice asking to pay Rs 47,49, 46,999 by December 31, 2017,The demand notice states that SAIL, the mine lease holder of Bolani mines spreading over an area of 1321.45 hectares, has undertaken production of iron ore from the mining lease hold area in excess of the lower of the approved limits of production under mining plan and consent to operate during 2000-2001 to 2010-2011.The notice also made clear that the demand is relatable to recovery of price of minerals produced without or beyond the mining plan and consent to operate alone under Section 21 (5) of the MMDR act, 1957 and does not include recoveries under Section 21 (5) of the said act for violation of EC (environment clearance ) and FC (forest conservation).Opposing the notice, the Maharatna CPSU stated that for the relevant period ( 2000-2001 to 2010-2011) , it has paid all royalty, rent and taxes to the ...
Also found in: [+]
JSW Techno Projects buys 49% in pellets firm for Rs 1,000 crore 19.12.2017 News
Deal via promoter firm, perhaps with eye on possible bids for assets with NCLT
Also found in: [+]
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 ...
Also found in: [+]
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.
Also found in: [+]
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
Also found in: [+]
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
Also found in: [+]
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
Also found in: [+]
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
Also found in: [+]
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
Also found in: [+]
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
Also found in: [+]
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 .
Also found in: [+]
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
Also found in: [+]
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 ...
Also found in: [+]
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
Also found in: [+]
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
Also found in: [+]
21 to 40 of 6,603