SAIL to pump Rs 1,50,000 crore by 2025
SAIL, the country's largest steel maker, has charted investment of Rs 1,50,000 crore till 2025 to ramp up steel production from 24 million tonnes to 50 million tonnes.
May 10, 2015, 21:58 PM IST
Subdued demand hits SAIL, sales decline by 2.3% in FY'15
Sales of steel major SAIL took a hit of 2.3 percent at 11.8 million tonne (MT) in the fiscal ended March, 2015, due to subdued demand in during the July-December period.
May 05, 2015, 17:57 PM IST
Infra sector growth at 17-month low of (-)0.1% in March
The previous low logged by the core industries was in October 2013 at (-) 0.6 percent.
Apr 30, 2015, 18:53 PM IST
8 core sectors register negative growth of 0.1% in March
Eight core sectors registered negative growth of 0.1 percent in March while production growth slowed down to 3.5 percent in 2014-15 against 4.2 previous in previous year, government data showed on Thursday.
Apr 30, 2015, 17:31 PM IST
India retains 3rd slot in global steel production in Q1
India retained its position as the world's third-largest steel producer with a production of 14.6 million tonnes (MT) in the first three months of 2015.
Apr 21, 2015, 22:22 PM IST
Global steel output to scale 2,000-mt by 2030, led by India
The government has set a target of trebling the steel output to 300 mt by 2025, and also eyes the No 2 slot by 2020.
Apr 19, 2015, 15:28 PM IST
Tata Steel's FY15 crude steel production up 2% at 9.33 MT
The Tata Group's flagship firm said it produced 9.07 million tonnes of saleable steel during the year under review, up 1.56 per cent from the year-ago period.
Apr 16, 2015, 14:09 PM IST
Core sector growth slows to 17-month low of 1.4% in February
Decline in output of crude oil and natural gas pulled down the growth of eight core industries to 17-month low of 1.4 percent in February.
Mar 31, 2015, 18:45 PM IST
Core sector growth slows down to 1.4% in February
The eight core sector industries — coal, crude oil, natural gas, refinery products, fertilizer, steel, cement and electricity.
Mar 31, 2015, 17:35 PM IST
EU imposes anti-dumping duties on China, Taiwan steel
The EU said Wednesday it has decided to impose anti-dumping duties for six months on flat-rolled stainless steel imports from China and Taiwan.
Mar 25, 2015, 17:04 PM IST
India overtakes US as 3rd biggest steel producer
India has overtaken the US to become the third-largest steel producer in the world with a production of 14.56 million tonnes (MT) in first two months of the year.
Mar 22, 2015, 13:20 PM IST
Odisha decides to give certain laterites deposits to Vedanta
The Odisha government today announced in the state assembly its decision to provide certain laterites deposits to Vedanta Aluminium Ltd (VAL).
Mar 20, 2015, 18:12 PM IST
Steel demand in India to grow in single digit: Moody's
Steel demand in India will grow in single digit in 2015 buoyed by government's infrastructure spending, rating agency Moody's Investor Services said Wednesday.
Feb 25, 2015, 19:23 PM IST
ArcelorMittal sees iron ore hit, lower steel growth in 2015
ArcelorMittal, the world`s largest producer of steel, forecast on Friday its profit would fall in 2015, rather than improve as expected, as iron ore prices sapped mining earnings and steel market growth cooled from last year.
Feb 13, 2015, 12:52 PM IST
Fimi wants scrapping of export duty on iron ore fines
Miners' body Federation of Indian Mineral Industries (FIMI) has sought bringing down export duty on low-grade iron ore and pellets to nil and raising import duty on pellets to 30 per cent in the Budget.
Feb 09, 2015, 18:54 PM IST
Posco: Odisha asks Centre to respect international commitment
Odisha government on Friday said it would like the Centre to accept its recommendations in favour of Posco and termed Union Minister Narendra Singh Tomar's statement that the South Korean steel major too must participate in bidding in order to get mining lease, as "going back from international commitment".
Feb 06, 2015, 16:00 PM IST
RINL proposes synergy with NMDC for marketing steel products
Steelmaker Rashtriya Ispat Nigam Ltd (RINL), Visakhapatnam said it in talks with PSU major NMDC for marketing steel products through its strong marketing network.
Feb 01, 2015, 21:07 PM IST
Centre to pump in Rs 1.5 lakh cr in 4 new steel plants
The Centre Sunday said it will pump Rs 1,50,000 crore for building four new steel plants of 20-24 million tonnes combined capacity in collaboration with the governments in four states.
Feb 01, 2015, 20:19 PM IST
Posco may have to bid for mines to feed Odisha plant
Caught between Odhisa's assurance and the Centre's ordinance for auction, South Korean major Posco's wait for getting mines to feed its 8 mtpa steel plant in the state is likely to be little longer than expected.
Jan 19, 2015, 18:46 PM IST
Tata Steel's Kalinganagar unit to start production by Mar/Apr
Tata Steel is hopeful of starting production in the new integrate greenfield steel plant at Kalinganagar in Odisha in the next few months and is expecting Consent of Operation from the state government in couple of days time.
Jan 10, 2015, 15:46 PM IST
