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Tata Steel to write down $1.6 bn of goodwill and assets Tata Steel to write down $1.6 bn of goodwill and assets "...The company expects non-cash write down of the goodwill and assets in the consolidated financial statements for the year ended March 31, 2013 of around USD 1.6 billion," it said in a statement.
Steel industry seeks withdrawal of import duty on scrap Steel industry seeks withdrawal of import duty on scrap The industry said its costs will go up by about Rs 600-700 per tonne in case of melting scrap.
SC vacates stay on Posco, ask Centre to take call SC vacates stay on Posco, ask Centre to take call The Supreme Court Friday set aside the Orissa High Court order which had quashed state government's petition to allot iron ore licence to South Korean steel major Posco in Khandadhar hills in Sundergarh district for a multi-crore steel plant.
SAIL, RINL raw material needs to rise up to 39% by 2015-16 SAIL, RINL raw material needs to rise up to 39% by 2015-16 Raw material needs of public sector steel majors SAIL and RINL are going to increase by up to 39 percent in three years as they are on the verge of completing capacity expansion programmes.
Land acquisition underway for Posco plant Land acquisition underway for Posco plant As many as ten betel vines were dismantled and more than 600 trees felled in Gobindpur area since yesterday with resumption of land acquisition, Additional District Magistrate, Paradip, Surjit Das said
Forest land to Essar: Guj HC asks Centre to decide in 4 weeks Forest land to Essar: Guj HC asks Centre to decide in 4 weeks Gujarat High Court Friday directed the Central Government to decide within four weeks the issue of granting approval to the allocation of forest land to Essar Steel Ltd (ESL) near Hazira in Surat district.
India plans safeguard duties on iron, steel items from China India plans safeguard duties on iron, steel items from China India plans to impose safeguard duties on some iron and steel pipes, tubes and profiles to protect domestic producers from a flood of imports from countries like China and Italy.
Par panel pulls up SAIL for delays in modernisation plans Par panel pulls up SAIL for delays in modernisation plans A parliamentary panel Thursday pulled up the state-run Steel Authority of India Ltd (SAIL) for delay in implementation of its ongoing expansion and modernisation plan, resulting in almost stagnant production for the last four years.
Posco: Land acquisition after 3-day break stopped after protest Posco: Land acquisition after 3-day break stopped after protest Land acquisition involving demolition of betel vines and felling of trees, which had been suspended since April 26, resumed at Gobindpur village near Paradip, a senior district administration official said.
Tata Steel to shut UK technology centres, job cuts expected Tata Steel to shut UK technology centres, job cuts expected A source told 'The Sunday Times' that Tata Steel may then shift this research to the Netherlands and India, resulting in 300-400 job cuts in the UK.
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