Welspun now wants to shift focus back on the core business of steel and pipes rather than the big-ticket infrastructure sector.
SAIL chairman C S Verma talks about the company's slated disinvestment and future strategies.
The steel sector, which has spent a lot of money to tap the automobile segment, is nervous on its investments.
The port project work is to be undertaken by the group's African subsidiary, Essar Africa Holdings, and is not a part of the group's Essar Ports.
Company says confident of raising funds; to raise Rs 688 crore by February-end.
The details of the project are yet to be worked out by the two companies.
This flagship Starbucks outlet will have place for upto 150 people.
Forced to cut prices by 2-3% due to cheaper imports from Japan, Korea and China
With locals protesting against Hindalco's move to mine Mali Parbat, the contractor who was working on making the mine operational has left.
Apple Inc is likely to unveil the latest iteration of its blockbuster iPhone, the iPhone 5 today
While fuel costs have risen 20%, prices of finished output have fallen
The European unit has a total steelmaking capacity of 18 million tonnes.
Sources familiar with the development said the Japanese giant had made it a pre-condition to invest in Future Group's food sourcing and back-end infrastructure.
Despite NMDC raising iron ore prices by 10%, major steel firms say they will follow suit if demand increases
Welspun Maxsteel, wholly owned subsidiary of the $3-billion Welspun Group, has kept its proposed steel factory plan in Maharashtra on hold due to the shortage of raw material and energy. The delay in environment clearances has also forced the company to keep the project in abeyance for now.
After Essel landed the first punch by saying they were approached by IVRCL for a buyout, IVRCL's management was quick to deny every single point, even charging Essel with 'lying'.
May take Rs 1,000-crore hit to re-route country's longest slurry pipeline
Stay out of Mumbai surveillance project, may seek new allies for future
Murdoch may re-enter space after non-compete period lapses, ABP to control three news channels of MCCS
Cash-strapped Lilliput, the country's largest kidswear brand, may soon get a luxury makeover.
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