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Posco not to cut trees till Odisha gives forest clearance: NGT

The National Green Tribunal Friday directed that South Korean major Posco will not cut any trees in a village in Odisha for developing its Rs 51,000 crore steel project till the state government gives the final forest clearance.

ArcelorMittal signs strategic pact with Algeria's Sider

World's largest steelmaker ArcelorMittal on Monday said it has signed a strategic agreement with Algerian firm Sider that includes selling part of its stake in two steel firms there to the state-owned company and to invest USD 763 million in projects.

Rashtriya Ispat asks NMDC to join Rs 2K-cr STML project

The reasons for BHEL's reluctance could not be immediately gathered.

Two firms show interest in NMDC's Rs 15K-Cr steel project

"We have received two applications," a company official said, adding identities of the interested parties can not be disclosed at the moment.

Videocon hopeful of starting steel proj in Bengal by year-end

Videocon earlier planned to set up a Rs 15,000-crore steel-cum-power project at Jamuria near Asansol in the state.

Verma asks SAIL to fast-track expansion, unhappy over delays

Unhappy over delay in the Rs 70,000 crore modernisation programme of SAIL, Steel Minister Beni Prasad Verma on Wednesday asked the state-run PSU to fast-track expansion, saying the government could not compromise with capacity addition in the sector which was crucial to the country.