JSW Steel plans to raise Rs.6,600 cr for Bengal project

October 13th, 2009 KOLKATA - The Videocon Group, which has proposed to set up a Rs.21,000-crore steel and power project in West Bengal's Burdwan district, Tuesday said Coal India has opposed the plant, saying there was a coal bed below the project area. "We have already done the project details and design for the plants.

September 1st, 2009 AK Steel to raise pricesWEST CHESTER, Ohio — AK Steel said Tuesday it will raise prices for all new steel orders. The West Chester-based steel maker said base prices will increase by $40 per ton hot-rolled products, $50 per ton for cold-rolled products and $60 per ton for coated products.

September 1st, 2009 KOLKATA - Auto major Tata Motors, which pulled out its small car Nano project from Singur in West Bengal last October amid controversies, Tuesday said it would return the factory land to the state government if it was paid the money it had spent to set up the now-abandoned plant. At the same time, it emphasised it would not stand in the way of any development on the land, the acquisition of which sparked off violent protests by a section of local farmers led by the main opposition party of the state, the Trinamool Congress.

July 16th, 2009 KOLKATA - Singapore's Changi Airports International (CAI) will spend $20 million (Rs.100 crore) on the Durgapur aerotropolis project, an airport city in West Bengal housing aviation-intensive businesses, a top company official said here Thursday. "We have picked up a 26-percent stake in the company (Bengal Aerotropolis Projects) and have decided to invest $20 million in the Durgapur project," said CAI chief executive Wong Woon Liong at a press conference.

July 2nd, 2009 KOLKATA - State-owned West Bengal State Electricity Distribution Company Limited (WBSEDCL) is planning to raise Rs.5,000 crore in the next three years to fund rural and urban electrification, a top company official said here Thursday. "Around Rs.3,000 crore will be invested for rural electrification, Rs.1,000 crore for enhancement of urban facilities and another Rs.1,000 crore for customer service automation," Malay K.

May 29th, 2009 KOLKATA - With the opposition Trinamool Congress, now part of the central government, having said it would oppose the Nayachar chemical hub project, West Bengal's ruling Left Front government Friday said it had not received any notice yet from the central government to scrap it. "The United Progressive Alliance (UPA) government had given us the green signal to set up the Nayachar project.

April 22nd, 2009 NEW DELHI - JSW Steel, one of the leading steel makers in the country, will invest Rs.3,000 crore in 2009-10 to expand its production capacity, a top official said here Wednesday. 'We are planning to invest Rs.3,000 crore in the current financial year to expand our production capacity,' Sajjan Jindal, vice-chairman and managing director of JSW Steel, told reporters on the sidelines of a business meet.

March 8th, 2009 KHARAGPUR - Pig iron manufacturer Tata Metaliks, which plans to establish an integrated steel plant in Karnataka, has identified land for this some 300 km from Bangalore, a top company official said here Saturday. 'We had appointed (consultancy firm) Mecon to find a suitable place for us in Karnataka.

February 22nd, 2009 DURGAPUR - The 450,000 tonne alloy and stainless steel division of Jai Balaji Industries' integrated steel plant at Banskopa here was inaugurated by West Bengal Chief Minister Buddhadeb Bhattacharjee Saturday. The Rs.2.25 billion division includes an oxygen and argon plant, bloom and blister caster, and is likely to provide employment to more than 1,000 people, Jai Balaji's chairman and managing dierector Aditya Jajodia told reporters.

February 16th, 2009 RAGHUNATHPUR - In a bid to help companies by ensuring their downstream units are set up on contiguous land, the West Bengal government has chalked out a new land acquisition strategy for allotting land to industrial parks rather than to individual units. The new strategy has been put into operation for the first time in Purulia district, where three new large steel plants with a total production capacity of seven million tonnes are set to come up.

February 16th, 2009 RAGHUNATHPUR - West Bengal's Left Front government Tuesday tried to give a push to its industrialisation drive with Chief Minister Buddhadeb Bhattacharjee laying the foundation stone of a Rs.34.25 billion steel plant in the Maoist-hit Purulia district, some 300 km from Kolkata. The integrated plant, to be set up by Shyam Steel, would be spread over 1,265 acres, but till date the company has directly purchased only 74 acres, raising questions about the project in a state that has seen intense acrimony between the government and the opposition over land acquisition.

February 12th, 2009 KOLKATA - Steel major Tata Steel will not focus on any acquisition 'for the time being', a top company official said here Friday. 'We will go slow on acquisition plans.

January 20th, 2009 KOLKATA - Chinese steel major Sinosteel has got land in Haldia in West Bengal for its cold forged steel rolls manufacturing unit, a top official said here Wednesday. 'We will take another one year for the commissioning of the project.

January 1st, 2009 BHUBANESWAR - Thousands of tribals Friday staged a demonstration against a proposed Tata Steel plant in Orissa's Jajpur district, while about 200 people supporting the project took out a counter-rally. Armed with bows and arrows, tribal protestors including hundreds of women raised anti-project slogans and took out a massive rally at the Kalinga Nagar industrial complex, some 100 km from here.

December 28th, 2008 KOLKATA - The West Bengal government Monday allotted 748.97 acres to Jai Balaji Industries for setting up a five-million-tonne integrated steel plant at Raghunathpur in Purulia district. 'We will get another 250 acres over and above this within the next 10-15 days,' company chairman and managing director Aditya Jajodia said after receiving the land allotment order from state industries minister Nirupam Sen.