Vizag Steel Plant is looking to hire 120 graduates as trainees for its operations in Vizag, Hyderabad, Chennai, Delhi, Kolkata and Mumbai.
Considering rising dumping of steel into India, steel sector seeks hike in customs duty on steel and steel products from 5% to 15%, and hike export duty on iron ore.
The proposed steel plant is a joint venture wherein Essar would hold 65 per cent stake, VSC 20 per cent and the rest 15 per cent would be held by Vietnam General Rubber.
The Jharkhand government has ruled out the transfer of any portion of surplus land from Bokaro Steel Plant of state-run Steel Authority of India (SAIL) to private investors to set up industries.
With global major Mittal Steel likely to foray into India with its proposal to set up a five million tonne steel plant in Jharkhand, Tata Steel has asked the government to check its track record before inviting the company.
There has been no change in Tata Steel's strategy on operations in the United Kingdom (UK), company chairman N Chandrasekaran has told shareholders. The statement comes amid growing concern about the restructuring plan in the face of change in government in the UK. Tata Steel's plan for the UK entailed a 1.25 billion investment plan agreed upon by the Conservative party-led government in September last year.
Steel major Jindal Steel and Power Ltd on Friday said it would invest $2.1 billion (about Rs 9,500 crore) to set up new steel plants in Bolivia for which it has reached an agreement with the Latin American nation.
They seem harmless, even good for you, but these everyday kitchen staples could be quietly harming your heart, warns Dr Sanjay Bhojraj.
The Karnataka Industrial Area Development Board (KIADB) has confirmed that Kannada actor Ranya Rao, recently arrested for gold smuggling, was allotted 12 acres of industrial land in 2023 by the previous BJP government for setting up a steel plant. The allocation was approved during a state-level meeting in January 2023, when the BJP was in power. The Congress government, which came to power after the May 2023 elections, has released documents confirming the land allotment. Ranya Rao was arrested after gold bars worth Rs 12.56 crore were seized from her at Bengaluru airport.
'My husband weighs 102 kg, has a steel rod in his leg, how can he flee like the shooter in the CCTV footage?'
Four cities in neighbouring Pakistan and one in China are among the world's top 20 polluted cities.
Corporate India is embarking on an ambitious investment drive, with capital expenditure (capex) expected to double to $850 billion over the next five years, according to a report by S&P Global Ratings. Indian power & transmission, airlines, and green hydrogen sectors would spearhead the spending, the report said.
'Geopolitically and diplomatically it's a very difficult situation for India.'
After two years of waiting, Tata Steel will get alternative land in Vietnam for building a 4.5 million tonne a year steel plant with an investment of $5 billion. Decision to allocate 725 hectares comes after a long delay.
The hideout was busted during a joint search operation by army and special operations group of J-K police at Suranthal in Marhote area of Surankote late Sunday evening, the officials said.
Global steel giant Mittal Steel owned by NRI billionaire Laxmi Mittal is to cut consumption of natural gas at its Ukrainian steel plant following steep hike in gas price by Russia.
'When you look at reviving private sector capex, I don't think there's a better story than steel.'
Company says no project in Jharkhand without allotment of SAIL-owned Chiria mines.
The investment will be made over five years.
The steel plant is planned to set up in the Alton North light industrial area of Richards Bay, situated about 150 km north of Durban.
Megha Engineering had emerged as the second-biggest buyer of electoral bonds and donated the highest amount of about Rs 586 crore to the Bharatiya Janata Party, according to the data released by the Election Commission on March 21.
Commenting on the development, H K Patil, minister in charge for Gadag district in the Karnataka government, said the people of the area will be happy with Posco's pullout.
Scenes from the fighting near the Azovstal steel plant in Mariupol.
The iron and steel industry in India consists of integrated steel plants based on Blast Furnace, Basic Oxygen Furnace route, main producers based on Cores, Finex or PCI Technology, mini steel plants and standalone finished steel producers
After six years of probe, the Central Bureau of Investigation filed the closure report before a special court last week as it could not find enough evidence in the case to proceed with prosecution, the officials said.
If India caves in to US pressure as Trump hopes it will, he will further try to blackmail it into submission, points out Ramesh Menon.
More than 2,800 jobs will be axed as Tata Steel plans to close its blast furnaces at the Port Talbot plant in South Wales in the UK. Of the total job cuts, 2,500 will be in the next 18 months, said Indian conglomerate Tata. A further 300 jobs are to go in three years.
Naxal violence in Orissa has also put several investment proposals in jeopardy.
"The state government has so far acquired over 2000 acre of land for Posco steel plant. The company could easily start its work over the acquired land," Chief Secretary B K Patnaik told reporters.
Japan's fourth largest steelmaker Kobe Steel plans to set-up an iron nugget plant in India and is currently in discussions with the diversified Chowgule group of Goa.
We have entered a new era in human history, asserts Aakar Patel.
With the Tatas agreeing to sell its Scunthorpe steel plant in the UK to investment firm Greybull for a nominal one pound, the storied 'British Steel' name will be back in the now-ailing industry.
Noting its role in reviving the US economy and creating jobs, President Barack Obama will visit a steel plant owned by NRI tycoon Lakshmi Mittal whose company is the largest supplier of steel to the US auto manufacturing sector.
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.
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