After the revival of its ailing subsidiary IISCO, Steel Authority of India Ltd has sought the Centre's approval to merge it with itself.
Union Steel Minister Ram Vilas Paswan on Tuesday announced the decision to merge the ailing steel plant with the Steel Authority of India Ltd and said the proposal would now be taken to the Union Cabinet for formal approval.
A proposed Rs 9,000 crore (Rs 90 billion) greenfield modernisation and expansion programme is expected to give a fresh lease of life to Iisco Steel Plant, a unit of Steel Authority of India.
At least 13 attempts were made earlier at modernising.
A fire at SAIL's IISCO Steel Plant at Burnpur, West Bengal, injured 21 people, with 2 of them in ICU, the state-owned steel maker said on Thursday. All the affected are being provided with immediate medical care, it said.
Mukherjee, a two-time Lok Sabha MP from his father's pocket borough of Jangipur, said he joined the Mamata Banerjee-led party because she has taken a strong stand on this issue.
Steel Authority of India Ltd has informed BSE that rehabilitation package for IISCO approved by the Govt of India includes closure of Kulti Works.
Reaching out to the states, Prime Minister Narendra Modi on Sunday said the Centre and states should work together as 'Team India' to solve national problems like they have worked to resolve issues like the Indo-Bangla Land Boundary Agreement.
Trinamool Congress supremo Mamata Bannerjee on Friday rubbished allegations of understanding between her and Bharatiya Janata Party, stating that she attended the IISCO programme along with Prime Minister Modi as it was related to the state's development.
With 22,000 people working relentlessly to complete a Rs 17,000 crore (Rs 170 billion) makeover for IISCO Steel Plant, formerly, Indian Iron and Steel Company, the energy is palpable.
Against the backdrop of the raging controversy over the Tata Motors' project in West Bengal, Prime Minister Manmohan Singh on Sunday said the state needs modern industries and the jobs that come with them.
As part of the Rs 35,000 crore (Rs 350 billion) mega growth plan, Steel Authority of India is planning to pump in Rs 11,000 crore (Rs 110 bilion) to increase production at its three production units in West Bengal including Durgapur Steel Plant and I
J N Biswal, deputy general manager, sales, IISCO, said that his daughter Dipika Dipanjali, a student of Class X, was missing since the morning of January 31, when she went out for a walk near the house.
Though the mandate is seen largely an outcome of Banerjee's welfare schemes, she has promised to industrialise at a faster pace, or so read the manifesto.
Amid talk of bonhomie between the two, West Bengal Chief Minister Mamata Banerjee has decided to accompany Prime Minister Narendra Modi on his two-day visit to Bangladesh beginning June 6.
During a media interaction, Mamata Banerjee voiced her discontent over the Centre's 'stepfatherly' attitude towards Bengal. Banerjee's detractors feel that the agenda that she conveyed to the media is nothing but an eyewash. According to them, 'Mamata and Modi are heading towards an alliance of convenience'. Indrani Roy reports from Kolkata on the agenda and politics of prime minister two-day visit to the state.
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Crony capitalism will of course generate investment and ensure profit for private capital, but it won't give employment or income to the people. If you can make money by selling coal or speculating in land, why produce electricity, why invest in research and development, why even set up factories, asks Praful Bidwai.
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