Management buyout vehicle Excalibur Steel, Sanjeev Gupta's Liberty House metals group, India's JSW Steel Ltd and Greybull Capital have submitted separate bids
The villagers, prompted by anti-Posco brigade, opposed the household survey in the village stating that the scope of the survey should only include the government land and not the private land.
The demand for metal coated steel was on the rise, according to Tolia, with India's current requirements being four million tonnes.
Charging China with following unfair trade practices, an influential US Senator has proposed a bill of rights to protect the American workforce from unfair competition in a global economy.
Sources told PTI that the Environment Ministry's Expert Appraisal Committee of Coastal Regulation Zone at a meeting asked Posco to give additional information on the captive port near its proposed 12 million tonnes per annum plant in Jagathsinghpur in Orissa that is also awaiting green nod.
With the threat of a third Covid-19 wave looming large, companies are scrambling to protect employees and keep operations safe--from a no-jab-no-entry-at-workplace policy to ramping up vaccination, it's an all-out effort to prevent the scale of devastation seen in the first two waves. At least two top steel companies--Tata Steel and ArcelorMittal Nippon Steel India (AM/NS India)--are pushing for vaccination certificates for entry into work premises. AM/NS India, a joint venture between world's leading steelmaker, ArcelorMittal, and Japan's Nippon Steel, is set to make vaccination the certificate a requirement from July 1.
According to Avik's father Bhrigu Mukherjee, a senior officer at Bhilai Steel Plant in Chhattisgarh, Aviks roommate Devanjan Bhattacharya had informed him on Tuesday that Avik did not return after he left at 9.30 pm on Monday, they said.
A day after ordering closure of 10 ports in the state to prevent illegal export of iron ore, the Karnataka government on Tuesday announced it will ban issue of permits to transport the mineral for exports.
Analysts sceptical whether company will sustain rise in operating profits.
However, the minister did not specify a time frame under which the land transfer will be completed.
The Union ministry of environment and forests on Tuesday put out an 'update' on the integrated steel plant and captive port of Posco India Pvt Ltd, with hints at stopping the Orissa government from transferring 1,253 hectares of forest land to the company for non-compliance of conditions laid down in the final approval of land diversion given on December 29, 2009.
Seventeen-year-old archer Vardhineni Praneetha of Steel Plants made the cut for the Beijing Olympics, topping the selection trials. Pranitha proved equal to the challenge posed by veterans Dola Banerjee and Reena Kumari in the four-day trials. Dola will represent the country for the second time in the Olympics. She and Praneetha will join L Bombayla Devi in the women's recurve team event at the quadrennial extravaganza.
Tata Steel plans to invest nearly Rs. 600 crores on limestone deposits in Oman.
The Chinese, in turn, will reciprocate by procuring more iron ore from India and also set up steel plants in India in the near future.
Essar Power would invest Rs 4,000 crore (Rs 40 billion) for setting up a 1,000 MW coal-fired power plant in Chhattisgarh, a senior Essar group official said in Raipur on Tuesday.
Tata said last week it was "committed to seeking all credible options in an urgent manner"
The police have questioned multiple autorickshaw drivers, including the one who brought the suspect to the spot before the blast took place.
The trouble is largest FDI projects in India have had a tragic history.
Jayanta Talukdar won a bronze medal in the men's recurve section of Archery World Cup final at Edinburgh on Sunday.
Sources said, they have been driven to desperation because of their inability to pay back the crop loan due to abject poverty.
Though the preparatory work has been under way for two years, the financial effect of abandoning the plants would be 'negligible' since no land had so far been acquired and no building work has been done.
Country's largest iron ore producer NMDC on Wednesday said it is in talks to buy coking coal mines from Kolmar in Russia to feed its proposed steel plants in Chhattisgarh and Karnataka.
Aided by the new initiatives of the government, there has been a huge drop in imports
'It's an open secret that the UK business is structurally not in a great place.'
Analysts assert that Vedanta Group's plan to demerge India-listed Vedanta Limited into six listed entities will not resolve the debt problem of its promoter entity, Vedanta Resources (VRL). They suggest that additional asset sales or stake sales by promoters will be necessary to repay the debt. Vedanta is already considering the divestment of its iron-steel division and its copper plant.
The 2,500-hectares lease included both notified and non-notified areas.
With the reality of coalition politics staring the BJP in its face, this was inevitable, points out Ramesh Menon.
The survey would take 6-8 months and as part of the concession, Essar would be able to conduct exploratory mining for iron ore, manganese ore, chrome ore or any other available mineral. The area, that Essar has earmarked for exploration, measures 7,851.69 hectares and is one of the larger deposits. The mining concession was granted by departmento nacional de producao mineral, government of Brazil, in response to Essar's application.
This follows the MoEF's final nod for diversion of 1,253 hectares of forest land for the project last Monday.
Tata Steel's European arm, Corus, the second-largest steel maker on that continent, has appointed Citibank to help find a suitable buyer for its beleaguered Teesside Cast Products factory in northeast Britain.
In 2009, ArcelorMittal had picked up a stake in Uttam Galva Steels. A new Section 29A of the IBC prohibits promoters of companies with NPAs of more than a year from bidding for these companies.
Sandipan Chakravortty, managing director, said the facility would have a capacity of half a million tonne, with construction to be completed within nine months of land being handed over to the company.
The government on Wednesday admitted that its existing policies do not induce producers to be innovative in judiciously using resources for producing goods.
The protest against the Posco project in Orissa has intensified with anti-Posco agitators taking hostage three Posco officials at the project site near Paradip in Orissa.
As of now, only Indian power, steel and cement companies can mine coal for their own consumption.
Larsen & Toubro (L&T) will aim to invest $3-4 billion in green hydrogen projects, along with its joint venture (JV) partners, said a senior executive from the company. These investments are planned over three to five years, depending on cost economics. The engineering conglomerate is also in talks to acquire the Nuclear Power Corporation of India's (NPCIL's) share in one of its forging JV companies for a consideration of Rs. 100-150 crore. "We are considering investments worth $3-$4 billion in the green hydrogen space, in collaboration with partners," said S N Subrahmanyan, chief executive officer and managing director of the company.
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