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SAIL eyes majority stake in Neelachal Ispat

Last Updated: Tuesday, August 05, 2014, 15:35

NINL also produces LAM coke used by the steel industry. It has a 62.5 MW captive power plant to meet captive needs.

Roadshows for SAIL stake sell to start month-end

Last Updated: Monday, August 04, 2014, 14:13

Domestic roadshows for the issue, in which government's around 20.65 crore shares would be divested through Offer For Sale, or auction route, will be held in Mumbai and Chennai.

Steel Ministry to appoint consultant for boosting SAIL's performance

Last Updated: Sunday, August 03, 2014, 13:22

Worried over declining profit in SAIL, the Steel Ministry has decided to appoint a globally-renowned consultancy agency to carry out a "diagnostic study" for enhancing the maharatna's performance.

Steel consumption inches up by 0.7% in Q1

Last Updated: Sunday, July 13, 2014, 12:22

The country had consumed 18.69 MT steel in the April-June quarter of last fiscal, showed data compiled by Joint Plant Committee.

India's steel capacity from eastern region set to rise

Last Updated: Sunday, June 29, 2014, 13:41

The Steel Ministry estimates that 16 new plants are set to come up in mineral-rich eastern states.

Steel sector needs Rs 12L cr investment by 2030: Ministry

Last Updated: Friday, June 27, 2014, 19:53

Investments of around Rs 12 lakh core would be required in steel sector by 2030 to treble the country's installed capacity to 300 million tonnes per annum (mtpa), Prime Minister Narendra Modi was informed Friday.

DoD meets SteelMin, merchant bankers on SAIL disinvestment

Last Updated: Monday, June 23, 2014, 18:55

Kick starting the process of 5 percent stake sale in SAIL, the Disinvestment Department Monday held meeting with merchant bankers and steel ministry officials to move ahead with it.

ICVL team in Mozambique to tap coal assets for acquisition

Last Updated: Monday, June 23, 2014, 18:16

ICVL had earlier evinced interest to acquire Riversdale Mining's coal mines in Mozambique owned by Rio Tinto.

Need big steel projects in eastern India: Steel Ministry

Last Updated: Monday, June 16, 2014, 15:20

At present, the country's crude capacity for steel production is 96 MT per annum.

Steel consumption grows by 0.5% in April-May

Last Updated: Friday, June 06, 2014, 14:26

Exports were up by 21.2 percent during April-May this year to 0.982 MT.

Narendra Singh Tomar to review status of steel projects

Last Updated: Thursday, May 29, 2014, 22:56

Narendra Singh Tomar, who took charge of Steel Ministry today, said he will review progress of steel projects and will fix accountability on the officials, who are found to be responsible for delays.

Steel should be kept out of FTA: Steel Ministry

Last Updated: Sunday, May 25, 2014, 11:39

Under FTA, duties on most of the products traded between the countries are either eliminated or reduced sharply to zero duty regime in phases.