JSW Steel plans to raise Rs.6,600 cr for Bengal projectOctober 8th, 2009 KOLKATA - JSW Steel, part of the Sajjan Jindal-owned JSW Group, aims to raise Rs.6,600 crore through debt for financing its Rs.11,000-crore steel project in West Bengal's Salboni, a senior official said here Thursday. "Sixty to 65 percent of the total project cost will be funded through debt.
Bhilai Steel Plant faces severe water crisisOctober 6th, 2009 RAIPUR - Bhilai Steel Plant, the flagship unit of the state-owned Steel Authority of India Ltd (SAIL), is facing a severe water crisis that could hit its production, an official said Tuesday. "It's a severe crisis.
Chhattisgarh justifies action against Steel Authority unitSeptember 16th, 2009 RAIPUR - Chhattisgarh Chief Minister Raman Singh Wednesday justified the commercial tax department's decision Monday to attach a bank account of Bhilai Steel Plant (BSP) to recover Rs.408 crore due as entry tax amount. "The government has right to levy entry tax and Bhilai Steel Plant should have abided by government decision," Singh told reporters here.
Chhattisgarh freezes Bhilai Steel Plant's bank accountSeptember 15th, 2009 RAIPUR - The Chhattisgarh government has frozen the bank account of the Bhilai Steel Plant (BSP), the flagship unit of the state-run Steel Authority of India Ltd (SAIL), for failing to clear tax dues. The Bhilai unit has to pay Rs.408 crore to the state in tax dues, government officials said.
Steel company announces plans for Mississippi plant that could bring 50 jobsJuly 17th, 2009 Steel company announces plans for Miss. plantCOLUMBUS, Miss.
Steel plants to soon get iron ore mining licensesJuly 8th, 2009 NEW DELHI - India will speed up the process of granting iron ore mining licenses to various steel companies, including South Korea's Posco, Steel Minister Virbhadra Singh said here Wednesday. "We are planning to almost double the production of steel and for that we have to speed up greenfield projects," Singh told reporters on the sidelines of a steel conference.
Bhilai Steel Plant faces water scarcityJune 26th, 2009 RAIPUR - Faced with a rare water crisis that could hit production, state-run steel manufacturing unit Bhilai Steel Plant is now seeking the Chhattisgarh government's help for making alternative arrangements for water. "It's a rare crisis.
Bhilai Steel Plant targets 5.8 mn tonnes annual outputJune 16th, 2009 RAIPUR - State-run steel manufacturing unit Bhilai Steel Plant has set a target of 5.8 million tonnes of hot metal production for 2009-10, it was announced here Tuesday. The Bhilai unit, the largest steel producing plant of Steel Authority of India Ltd (SAIL), is planning to produce 5.8 million tonnes of hot metal, 5.53 million tones of crude steel and 4.77 million tones of saleable steel during the current fiscal, an official statement said.
Union official: US Steel to recall about 800 laid-off workers at Canada plant this summerJune 15th, 2009 Union: US Steel to recall 800 workers in CanadaPITTSBURGH — United States Steel Corp. plans to recall about 800 laid-off workers at a plant in Canada this summer, partly to avoid possible severance payments required under a provincial law, a union representative said Monday.
Northeast India's biggest steel plant begins productionApril 10th, 2009 AGARTALA - The biggest gas-based steel plant in northeast India started commercial production in Tripura Friday. The Noida-based Dharampal Premchand Ltd (DPL), manufacturers of the 'Baba' brand of tobacco products, has diversified into steel production to set up the Rs.250-crore steel plant at Bodhjungnagar, 12 km north of Tripura's capital Agartala.
Protest against Jindal Steel, Hindalco projects in JharkhandMarch 3rd, 2009 RANCHI - Hundreds of farmers staged a protest here Monday against the acquisition of land for projects envisaged by aluminium major Hindalco, and steel manufacturer Jindal Steel and Power. 'We will lay down our lives but will not give an inch of land to Jindal Steel and Hindalco,' the protesters shouted as they marched to the governor's residence to lodge their protest.
Paswan lays foundation stone for Himachal steel projectFebruary 22nd, 2009 KANGRA - Steel Minister Ram Vilas Paswan Saturday laid the foundation stone of the proposed Rs.1.05-billion (Rs.105-crore) steel plant of the state-run Steel Authority of India here, ending the months old uncertainty over the project. 'Using thermo-mechanical treatment technology, the steel plant will produce wire rods, wire drawings and corrugated sheets,' Paswan said.
Sew Eurodrive commissions Chennai plantFebruary 9th, 2009 CHENNAI - Sew Eurodrive India, manufacturer of drive and motion control devices like industrial gears, commissioned its Sriperumbudur plant near here Tuesday. 'The Rs.330-million outlay plant was set up to serve the southern markets that contribute to nearly 40 percent of our turnover,' M.J.
Bhilai Steel posts best-ever April-December performanceJanuary 1st, 2009 RAIPUR - Bhilai Steel Plant concluded April-December with the best-ever performance as its production touched 4.04 million tonnes (MT) of hot metal, 3.87 MT of crude steel and 3.31 MT of saleable steel, a company official said Friday. The plant, located some 30 km west of Chhattisgarh's capital Raipur, is the flagship unit of the state-owned Steel Authority of India (SAIL).
Jai Balaji gets land for West Bengal steel projectDecember 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.