Steel
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Corus makes three appointments across group facilities
Fetched: January 31st, 2008, 11:51pm EST
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The Corus group has announced three major appointments across group facilities in The Netherlands and UK, as part of the integration exercise with Tata Steel. -
Tata Steel-Corus deal on track
Fetched: January 31st, 2008, 11:51pm EST
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Exactly one year ago India Inc witnessed the biggest ever acquisition. -
Bengal woos steel majors, plans to allot coal fields
Fetched: January 31st, 2008, 11:51pm EST
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The West Bengal government is putting pressure on the Centre in its attempt to woo steel industries in the state. -
HC defers hearing on PIL over misuse of SAIL funds by minister
Fetched: January 31st, 2008, 11:51pm EST
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The Delhi High Court ton Wednesday deferred the hearing on a PIL, alleging that the Steel Authority of India Limited (SAIL) had funded expenses of a Union Minister of Steel, after it was told that a similar petition was pending in the Allahabad High Court. -
JSW Steel profit bogged down by high input costs
Fetched: January 29th, 2008, 11:09pm EST
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JSW Steel, India’s third-largest producer of steel, reported lower net profit during the December 2007 quarter on account of higher raw material costs. -
JSW Steel to hive off foreign mining assets
Fetched: January 28th, 2008, 9:33pm EST
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JSW Steel, India’s fourth-largest steel company, plans to spin off its overseas mining assets into a new company and list it on the London Stock Exchange (LSE). -
Welspun in talks to acquire Remi Metals
Fetched: January 25th, 2008, 5:57pm EST
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The Mumbai-based Welspun group is believed to be in talks to acquire Remi Metals Gujarat, an integrated steel and seamless pipe maker, from the Saraf family. -
West Bengal CM reviews Salboni project
Fetched: January 25th, 2008, 3:43pm EST
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JSW group MD Sajjan Jindal and West Bengal chief minister Buddhadeb Bhattacharjee had a detailed review of the progress of work for the company’s proposed steel plant at Salboni on Friday. -
JSW Steel may develop deep sea port in West Bengal
Fetched: January 25th, 2008, 12:10pm EST
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Steel major JSW Steel Group today said it would look into the possibility of setting up a deep sea port in West Bengal. -
JSW IT arm signs pact with Descon
Fetched: January 25th, 2008, 12:10pm EST
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JSoft Solutions Ltd, the IT services arm of the JSW Group, today entered into a strategic tie-up with Descon Ltd for providing support services to the former's proposed projects in the eastern region. -
Tata Ryerson hopes to double revenues to Rs 2,500 cr by '10
Fetched: January 25th, 2008, 12:10pm EST
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Tata Ryerson, a joint venture between Tata Steel and Ryerson of the US, is looking to double revenues to Rs 2,500 crore by 2010, riding on the demand for its high-value processed steel from Tata Nano and Tata ACE, among others. -
Tata Steel's JV to build processing unit for autos
Fetched: January 25th, 2008, 12:10pm EST
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A joint venture of India's Tata Steel Ltd will invest Rs 1.9 billion to build three steel processing plants to feed demand from automobile makers, an official said on Tuesday. -
Steel baron Lakshmi Mittal to get $935 million dividend
Fetched: January 25th, 2008, 12:10pm EST
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NRI steel tycoon Lakshmi Mittal will get a hefty dividend package of $935.5 million this year by virtue of his stake in ArcelorMittal. Global CEOs of Indian origin
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ArcelorMittal may set up R&D unit in Kolkata
Fetched: January 25th, 2008, 12:10pm EST
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ArcelorMittal, the world’s largest steel company, is drawing up plans to set up a state-of-the-art R&D facility in Kolkata. -
NINL to offload 10 per cent stake; to float IPO
Fetched: January 25th, 2008, 12:10pm EST
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State-run steelmaker Nilachal Ispat Nigam is planning to offload at least 10 per cent stake and hit markets soon to raise about Rs 80 crore. -
SAIL to hire global consultant to develop Chiria mines
Fetched: January 25th, 2008, 12:10pm EST
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In yet another move to bolster its claim over Chiria mines, SAIL has decided to appoint a consultant of global repute for development of the world-famous iron ore mines. -
Arcelor-Mittal team to visit HEC
Fetched: January 25th, 2008, 12:10pm EST
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An Arcelor-Mittal team, including the steel major's technical officer Alan Bordet, is scheduled to visit the Heavy Engineering Corporation (HEC) here tomorrow, brightening business prospects of the public sector. -
Plans model steel villages in Vizag
Fetched: January 18th, 2008, 12:05am EST
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RINL is planning to set up model steel villages in and around the township of Vizag Steel Plant. -
Tata Steel to invest Rs 600 cr in Oman
Fetched: January 18th, 2008, 12:05am EST
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Tata Steel will invest around Rs 600 crore over the next three years for developing limestone deposits in Oman. -
Steel Strips bags Rs 75 crore export order in France
Fetched: January 18th, 2008, 12:05am EST
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Steel Strips Wheels has bagged an order valued at Rs 75 crore, for supply of 13,75,000 steel wheel rims over five years, from PSA Peugeot Citroen of France. -
Tata Steel inks limestone JV with Oman's Al Bahja
Fetched: January 18th, 2008, 12:05am EST
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Tata Steel, the world’s sixth-largest steel maker, is virtually going places in its quest for limestone. -
Belgian co buys two city steel firms
Fetched: January 17th, 2008, 1:54am EST
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In One of the rare instances of a reverse flow of investment in the steel industry, -
Tata Steel inks limestone JV with Oman’s Al Bahja
Fetched: January 17th, 2008, 1:54am EST
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Tata Steel, the world’s sixth-largest steel maker, is virtually going places in its quest for limestone. -
Tata Steel enters JV with Oman firm
Fetched: January 17th, 2008, 1:54am EST
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Tata Steel, the world's sixth largest steel maker has entered into a joint venture agreement with Oman-based Al Bahja Group for the development of limestone deposits in Oman. -
JSW Steel gets exploration licence in Chile
Fetched: January 17th, 2008, 1:54am EST
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JSW Steel said on Wednesday it has secured a prospecting licence for iron ore mining in northern Chile for about $52 million. -
Navratna status to NMDC in a few days: Paswan
Fetched: January 16th, 2008, 3:49am EST
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The Steel Ministry has cleared the decks for granting the Navratna status to the country's biggest miner NMDC Limited. -
Vedanta to set up Rs 24,000 cr steel plant in Orissa
Fetched: January 16th, 2008, 3:49am EST
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Vedanta Resources is planning to enter the Indian steel sector with a 5 mn tonne plant at an investment of about Rs 24K cr. Shaping India's growth story
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ArcelorMittal ready to share its R&D with local steel companies
Fetched: January 14th, 2008, 12:32pm EST
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Arcelormittal is ready to share its R&D with local steel players, particularly Steel Authority of India (SAIL). This was indicated here by Malay Mukherjee, member on the ArcelorMittal global board. -
Bolivia's president, Senate differ on JSPL's iron ore mine
Fetched: January 14th, 2008, 12:32pm EST
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Jindal Steel and Power Ltd's plans to develop iron ore mines and set up a steel project in Bolivia have divided the Latin American country's president and the legislature. -
Jindal Saw moves SC against trade rival Electrosteel
Fetched: January 14th, 2008, 12:32pm EST
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Jindal Saw Ltd has approached the Supreme Court against a Calcutta High Court order that restrained it from supplying ductile iron pipes to the West Bengal government. -
ArcelorMittal shortlists sites for Jharkhand steel plant
Fetched: January 14th, 2008, 12:32pm EST
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ArcelorMittal has short-listed three places in Jharkhand -- Torpa, Saraikela and Galudih -- and will name the site of its proposed greenfield steel plant in a month. -
POSCO India says Orissa protests delay initial work
Fetched: January 14th, 2008, 12:32pm EST
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South Korean steelmaker POSCO said it had been unable to begin preliminary work at the site of a planned steel plant in eastern Orissa state as an access road had been blocked by protesters. -
ArcelorMittal lists 3 sites for Jharkhand plant
Fetched: January 14th, 2008, 12:32pm EST
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ArcelorMittal, the world’s largest steel company has shortlisted three locations as possible sites for its proposed Rs 40,000-crore mega steel project in Jharkhand. -
Siscol to expand capacity, hopes to get mining rights soon
Fetched: January 14th, 2008, 12:32pm EST
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JSW Steel-owned Siscol plans to enhance its steel making capacity to two-three million tonnes from the present one million tonne as soon as iron ore production from two mines in Tamil Nadu starts. -
SAIL to build 8 processing units; invest Rs 1,600 cr
Fetched: January 14th, 2008, 12:32pm EST
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State-run steel giant SAIL would invest about Rs 1,600 crore to build processing units in seven states to meet the growing demand of the metal in the country. -
SAIL to invest Rs 2k cr to set up new units
Fetched: January 14th, 2008, 12:32pm EST
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The steel ministry has decided to set up a total of 10 steel processing units across the country. -
Orissa govt to abide by SC directive on land for industries
Fetched: January 14th, 2008, 12:32pm EST
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The Orissa Government today said it was seriously examining a Supreme Court directive putting restriction on establishment of industries on fertile land. -
India should conserve iron ore: Pandey
Fetched: January 14th, 2008, 12:32pm EST
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With the country's steelmakers embarking on a major capacity expansion, the Steel Ministry today made out a case for conservation of iron ore saying it was imperative to make the sector competitive vis-a-vis that of China's. -
Jindal project in Bolivia likely to be delayed
Fetched: January 14th, 2008, 12:32pm EST
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Naveen Jindal-promoted Jidnal Steel and Power Ltd's ambitious project to develop iron ore reserves and build a steel plant may be delayed as the Bolivian senate has returned to the Chamber of Deputies the JV signed by the countrys government and the Indian steelmaker. -
US steelmakers slammed for benefiting unfairly from subsidies
Fetched: January 14th, 2008, 12:32pm EST
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A group has accused the US steelmakers of benefiting unfairly from subsidies amid a growing confrontation between American companies and their rivals. -
A little bit of steel in everybody’s life
Fetched: January 14th, 2008, 12:32pm EST
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Call it a steely resolve if you will. Deepika Jindal says she’s out to transform the way stainless steel is perceived in India, "My purpose is to create a revolution out of this material in India. -
Indian-origin scientist pioneers 'green' steel technology
Fetched: January 14th, 2008, 12:32pm EST
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The breakthrough Australian 'green' steel technology, which cuts coke and coal demand and reduces emission, has been invented by a Mumbai-born University of New South Wales (UNSW) materials scientist, Veena Sahajwalla. -
Best-ever production by Bhilai Steel Plant
Fetched: January 14th, 2008, 12:32pm EST
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Bhilai Steel Plant has recorded its best-ever production, posting a growth of as much as 176 per cent. -
Steel production target increased to 80 MT by 2010
Fetched: January 14th, 2008, 12:32pm EST
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Enthused by a healthy rate of 12 per cent growth in steel sector, the government on Wednesday said the target for steel output has been revised upwards to 80 million tonne from 60 million tonne by 2010. -
Magppie bets big on designs for expansion
Fetched: January 14th, 2008, 12:32pm EST
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Magppie aim to become a big player in stainless steel accessories and is betting on designs to make that happen. -
Steel Ministry recommends Navratna status for NMDC
Fetched: January 14th, 2008, 12:32pm EST
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The Steel Ministry has recommended granting Navratna status to nation's biggest miner NMDC Limited for excelling in its activities and unfurling major capacity-expansion plans. -
Stainless steel cos seek CRC import duty hike
Fetched: January 14th, 2008, 12:32pm EST
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Apprehensive about dumping of stainless steel by China, the domestic industry has sought more protection from such imports. -
Surana Industries forms JV with Malaysian firm
Fetched: January 14th, 2008, 12:32pm EST
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Steel manufacturer Surana Industries on Wednesday said it will form a joint venture with Malaysia-based Agate Group for mining coal in Indonesia. -
Tata's Iran steel project on hold?
Fetched: January 14th, 2008, 12:32pm EST
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Amid reports that it has put its three million tonne greenfield project in Iran on hold, Tata Steel on Tuesday said that it was working on some issues pertaining to it. -
Tata Steel MD summoned by court
Fetched: January 14th, 2008, 12:32pm EST
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A local court has issued summons against Tata Steel Managing Director B Muthuraman and four other TISCO officials on charges of trespassing and demolishing the house of a person at Sidgora here on March 31 last. -
Steel Ministry to prepare green manual for re-rolling mills
Fetched: January 14th, 2008, 12:32pm EST
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The Steel Ministry is planning to prepare a standard operating manual for steel re-rolling mills to help them adopt environment friendly practices. -
Tata's leadership programme reaches out to Corus
Fetched: January 14th, 2008, 12:32pm EST
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Tata Administrative Service, the famous leadership development programme of Tata Group, is being rolled out in British steel company Corus. India's corporate moghuls in '08
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Ground work for JSW Steel's Bengal project to start in Feb
Fetched: January 14th, 2008, 12:32pm EST
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JSW Steel will start the site work for the 10-million tonne project in West Bengal in the first week of February. -
SAIL to invest Rs 10,000 cr for expansion of Rourkela plant
Fetched: January 14th, 2008, 12:32pm EST
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SAIL on Friday said it is investing Rs 10,000 crore for modernisation and expansion of its Rourkela steel plant. -
Tata Steel to begin construction of 6 MT steel plant
Fetched: January 14th, 2008, 12:32pm EST
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Tata Steel will begin construction of 6 million tonne integrated steel plant at Kaliganagar in Orissa within three months. -
POSCO approaches SC for starting work on steel project
Fetched: January 14th, 2008, 12:32pm EST
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South Korean steel major POSCO on Friday approached the Supreme Court for permission to build the integrated plant at Paradip in Orissa. -
Ramsarup Industries bags Rs 44 cr order from North-East Railway
Fetched: January 14th, 2008, 12:32pm EST
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Ramsarup Industries has bagged an order valued at Rs 44 crore from North East Frontier Railways. The order will be executed in January-March quarter. -
Steel cos scout for coking coal assets abroad
Fetched: January 14th, 2008, 12:32pm EST
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The special purpose vehicle (SPV) formed by PSU biggies - SAIL, NTPC, Rashtriya Ispat Nigam (RINL), National Mineral Development (NMDC) and Coal India (CIL) - have appointed an investment banker to assist them in scouting for prospective coking coal assets abroad. -
Jindal Steel's pact with Bolivia becomes effective
Fetched: January 14th, 2008, 12:32pm EST
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Jindal Steel on Thursday said its agreement with the Bolivian Government for developing an iron ore mine and setting up a steel plant has become effective. -
Jindal makes India's biggest investment in Latin America
Fetched: January 14th, 2008, 12:32pm EST
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Indian giant Jindal's 2.1-billion-dollar investment in a Bolivian iron concern is India's biggest in Latin America, the company's chief said today. -
Tata Steel raises HR coil prices by 800-900 rupees/T
Fetched: January 14th, 2008, 12:32pm EST
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Tata Steel Ltd said on Wednesday it has raised hot-rolled coil prices by 800-900 rupees a tonne, effective immediately. -
NMDC to look overseas for iron ore
Fetched: January 14th, 2008, 12:32pm EST
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India's leading state-run miner, National Mineral Development Corp, is to scout for iron ore resources overseas to meet a likely surge in demand from steel firms, its chairman said on Wednesday. -
Essar Steel's Hazira SEZ runs into a wall again
Fetched: January 14th, 2008, 12:32pm EST
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Uncertainty over the fate of the Essar Steel SEZ in Hazira, which has been under the scrutiny of the government for almost the entire fiscal for alleged violation of SEZ rules, is deepening. -
Tata Steel to increase capacity to 10 mtpa
Fetched: January 14th, 2008, 12:32pm EST
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When the 10 mtpa capacity expansion of Tata Steel will be completed in 2010, Jamshedpur plant will become the single largest unit and one of the most modern plants in the world. -
Tata Steel, SAIL may form JV for coking coal
Fetched: January 14th, 2008, 12:32pm EST
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Though details are yet to be announced. Indications are that the JV is likely to be based in coal-rich Jharkhand. -
Steel prices may bite in New Year
Fetched: January 14th, 2008, 12:32pm EST
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Domestic steel producers are likely to announce a hike in steel prices with effect from Tuesday as galloping raw material costs including coal and iron ore eat into their margins. -
Steel set to turn costlier as NMDC hikes iron ore prices
Fetched: January 14th, 2008, 12:32pm EST
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Domestic mining giant NMDC has raised long-term contract prices of iron ore fines by 47.5 per cent, bringing the price to Rs 1,783 per ton. -
JSW Bengal hopes to get MoEF nod soon for Rs 35K cr steel unit
Fetched: January 14th, 2008, 12:32pm EST
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JSW Bengal Steel, a company promoted by Sajjan Jindal-led JSW Steel Group, hopes to get environment clearance soon for beginning construction of the Rs 35,000 crore integrated steel plant in the state. -
JSW Steel to set up Rs 165 cr JV in Georgia
Fetched: January 14th, 2008, 12:32pm EST
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Steel products maker JSW Steel Ltd on Friday said it has approved the proposal for setting up a joint venture plant at Rustavi in Georgia with an estimated project cost of $42 million (Rs 165.35 crore). -
JSW Steel to invest in steel rolling JV in Georgia
Fetched: January 14th, 2008, 12:32pm EST
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JSW Steel Ltd said on Friday it will invest $6.86 million for a 49 per cent stake in a steel rolling mill joint venture in Georgia, to tap rising demand for construction grade steel in East Europe. -
India ready to join Organisation for Economic Cooperation and Development steel panel
Fetched: January 14th, 2008, 12:32pm EST
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India today made it clear that it is ready to join the OECD's Steel Committee provided no additional conditions are imposed "over and above" the obligations under the World Trade Organisation. -
Asia's oldest iron plant reopens after four years
Fetched: January 14th, 2008, 12:32pm EST
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Production in the 134-year old Kulti Works, closed since March 2003 due to chronic losses, would begin from the middle of 2008 with both ferrous and non-ferrous foundries becoming operational. -
JSW Steel in talks with Deutsche Bahn for iron ore transport
Fetched: January 14th, 2008, 12:32pm EST
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JSW Steel is in talks with German railroad operator Deutsche Bahn for a tie up for transporting iron ore to its Karnataka plant. -
Uttam Galva to raise prices by Rs 1,000 per tonne
Fetched: January 14th, 2008, 12:32pm EST
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Uttam Galva Steels Ltd said it plans to increase galvanised product prices by Rs 1,000 per tonne effective January 1. -
Reliance Steel opens new Shanghai plant
Fetched: January 14th, 2008, 12:32pm EST
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Reliance Steel & Aluminum Co says its Valex Corp subsidiary opened a new Shanghai facility to produce equipment for the semiconductor, LCD and solar industries. -
Varun Industries gets Rs 50 cr contract
Fetched: January 14th, 2008, 12:32pm EST
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Varun Industries Ltd said on Monday it has won a contract worth Rs 50 crore from an Essar Group entity in Mauritius. -
Mittal falters in US plant sale; buyer could not arrange funds
Fetched: January 14th, 2008, 12:32pm EST
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L N Mittal has failed in a deal that involved selling a plant in order to get necessary regulatory nod for his $35-bn Arcelor takeover. -
Minitec in talks sell two EOFs to Indian steel cos
Fetched: January 14th, 2008, 12:32pm EST
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Brazilian steel technology supplier Minitec is negotiating a 3 million dollars contract to sell two Energy Optimising Furnaces (EOFs) to Indian steel companies - SLR Steel and SBQ Steel. -
Bengal may grant land for Tata Metaliks' unit
Fetched: January 14th, 2008, 12:32pm EST
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The West Bengal government has finally kicked off the much-delayed land acquisition process for Tata Metaliks’ proposed 0.5-million tonne mini steel plant in Kharagpur. -
SAIL to grab a pie of equipment market
Fetched: January 14th, 2008, 12:32pm EST
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Steel Authority of India (SAIL), the public sector steel major, is now planning to enter into equipment manufacturing to cash in on the boom in the domestic steel sector. -
SAIL gets coveted award for contribution in public sector
Fetched: January 14th, 2008, 12:32pm EST
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The Steel Authority of India Limited (SAIL) has been chosen for the prestigious 'Scope award for excellence and outstanding contribution to the public sector management' 2006-07, Rourkela Steel Plant. -
Finnish steel co Outokumpu Oy plans e300-m unit in India
Fetched: January 14th, 2008, 12:32pm EST
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Outokumpu Oy, a global leader in stainless steel, has decided to invest around e300 million to set up a cold rolling mill (CRM) in India. -
Land demarcation, socio-economic survey for Posco next week
Fetched: January 14th, 2008, 12:32pm EST
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Unfazed by protests over the proposed plant site of Posco at Jagatsinghpur village near Paradip, Orissa government has asked district authorities to commence land demarcation. -
NINL sustains loss of Rs 200 cr due to shutdown
Fetched: January 14th, 2008, 12:32pm EST
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Domestic steel producer Nilachal Ispat Nigam Limited is in serious trouble as it has sustained a loss of nearly Rs 200 crore in the past 50 days owing to shutting down of its plant in Orissa. -
Suzlon plans 2 mn tpa steel plate mill in Karnataka
Fetched: January 14th, 2008, 12:32pm EST
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World's fifth largest wind turbine maker Suzlon Energy plans to set up in Karnataka an integrated steel project. -
Tata Steel jumps on signing JV
Fetched: January 14th, 2008, 12:32pm EST
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Steel major Tata Steel's shareson wednesday jumped 3.42 per cent to Rs 864.45. -
Medha holds closed door meeting with anti-Posco activists
Fetched: January 14th, 2008, 12:32pm EST
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Social activist Medha Patekar on Wednesday held closed door meeting with anti-Posco activists here. -
We are committed to India: Aditya Mittal
Fetched: January 14th, 2008, 12:32pm EST
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Aditya Mittal,president and CFO at Arcelor Mittal, discusses a variety of issues in an e-mail interview with TOI. -
Ispat Industries expansion plans to cost Rs 1500 cr
Fetched: January 14th, 2008, 12:32pm EST
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Ispat Industries said it is investing Rs 1,500 crore to raise its steel manufacturing capacity by 0.6 million tonnes to 3.6 million tonnes. -
Steeling the show
Fetched: January 14th, 2008, 12:32pm EST
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Stewols makes steel fibre that's changing the way highways, tunnels and even auto components are made. -
Edge of the blade maker
Fetched: January 14th, 2008, 12:32pm EST
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A tractor blade maker is producing its own steel to cut costs and gain global marketshare. -
'Land acquisition key to setting up Rs 8,800 cr plant'
Fetched: January 14th, 2008, 12:32pm EST
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Bhushan Steel, which is investing Rs 8,800 crore to set up a steel unit in West Bengal, has said land acquisition will be a critical factor in the company’s decision to move ahead with its proposed 2 million-tonne steel project. -
Finnish stainless steel maker's India plans
Fetched: January 14th, 2008, 12:32pm EST
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Finland-based stainless steel producer Outokumpu, which has recently opened its sales office in India, on Sunday said it plans to focus on architecture, building and construction (AB&C) and pulp and paper industry. -
Posco plant would make Orissa suffer huge loss: J B Patnaik
Fetched: January 14th, 2008, 12:32pm EST
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Congress leader J B Patnaik claimed the state would suffer irrepairable loss if the steel plant was set up by violating people's rights over water, land, forests and mines. -
Stemcor, Ispat forms JV for Rs 900 cr coke oven plant
Fetched: January 14th, 2008, 12:32pm EST
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UK-based Stemcor and domestic steel major Ispat Industries have entered into a joint venture (JV) to set up a coke oven plant at the latter's unit near Mumbai at an investment of Rs 900 crore. -
Bhuwalka Steel to merge group cos, bets big on real estate
Fetched: January 14th, 2008, 12:32pm EST
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Bangalore-based Bhuwalka Steel Industries is gearing itself up for a big real estate play even as it is contemplating a merger of its group companies to bring its steel business under the Bhuwalka Steel umbrella. -
'Orissa to gain Rs 77,870 crore from POSCO project’
Fetched: January 14th, 2008, 12:32pm EST
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Orissa stands to gain Rs 77,870 crore in 35 years if the South Korean steel major POSCO's proposed project in the state materialises, a senior official said on Friday. -
Uttam Galva reduces galvanised steel prices by Rs 3,000/tonne
Fetched: January 14th, 2008, 12:32pm EST
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Uttam Galva Steels has slashed prices of its galvanised corrugated steel products by Rs 3,000 per tonne. -
Orissa gives administrative sanction to Mittal for land buy
Fetched: January 14th, 2008, 12:32pm EST
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The Orissa government has given administrative sanction for acquiring land at Patana tehsil in Kenojhar district for Arcelor-Mittal's proposed 12 million tons per annum steel plant. -
Chinese cos enter Rio ring; India feels the heat
Fetched: January 14th, 2008, 12:32pm EST
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Chinese steelmakers and the government are studying a joint bid for Rio Tinto Group to counter a $134 bn offer from BHP Billiton. -
JSW plans to open 600 steel retail outlets in next 2 years
Fetched: January 14th, 2008, 12:32pm EST
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JSW Limited plans to open 600 steel retail outlets in India in the next two years, the first of its kind in India, to provide best quality steel to customers at competitive prices. -
No room for organic growth in India; looking for buyouts: Mittal
Fetched: January 14th, 2008, 12:32pm EST
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In 2005, Mittal had signed an agreement with Jharkhand govt for a Rs 40,000-crore steel plant, which has been facing delays in getting clearances. Top 10 Ad Celebrities
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Steel to join selloff list, RINL may divest 10%
Fetched: January 14th, 2008, 12:32pm EST
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The disinvestment programme of the government may soon bring into its fold the country’s growing steel sector. -
SAIL to invest Rs 15,000 cr; open to diluting govt stake
Fetched: January 14th, 2008, 12:32pm EST
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Steel Authority of India (SAIL) would invest Rs 12,000-15,000 crore over the next five years on technology upgrade to sustain the current production capacity and is open to dilution of government stake to raise funds. -
POSCO construction work expected to start from April: Orissa
Fetched: January 14th, 2008, 12:32pm EST
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Orissa government expects South Korean steelmaker POSCO to start work on its project in April next year and said it will begin socio-economic survey of the proposed plant site soon. -
Tata Steel in JV with Aussie co for Mozambique project
Fetched: January 14th, 2008, 12:32pm EST
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Tata Steel on Friday signed a joint venture with Australia’s Riversdale Mining to develop a hard coking and thermal coal project in Mozambique. -
Tata Steel signs JV with Australian Riversdale Mining
Fetched: January 14th, 2008, 12:32pm EST
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Tata Steel has signed a joint venture agreement with Australian Riversdale Mining to pay about $88.2 million and acquire 35% of Riversdale's Benga and Tete licences to develop a hard coling and thermal coal power project in Mozambique. -
Siemens division bags euro 80 mn order from SAIL
Fetched: January 14th, 2008, 12:32pm EST
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Siemens Metals Technologies on Friday said it has received an 80 million euro order from SAIL to supply caster's for the modernisation work at the company's IISCO steel plant. -
Tata Steel, Riversdale Mining in JV for Mozambique coal project
Fetched: January 14th, 2008, 12:32pm EST
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Tata Steel and Riversdale Mining have signed a joint venture agreement to develop a hard coking and thermal coal project at key coal exploration tenements held by Riversdale in Mozambique. -
Tata Steel charts new Corus integration roadmap
Fetched: January 14th, 2008, 12:32pm EST
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The move is in sync with group chairman Ratan Tata’s vision of a 'light-touch' integration strategy. Investing tips for beginners
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SAIL to takeover Kerala's steel plant
Fetched: January 14th, 2008, 12:32pm EST
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State-owned Steel Authority India Ltd (SAIL) has initiated steps to takeover the ailing Steel Complex Ltd (SCL) owned by Kerala government here. -
ArcelorMittal wants to expand in Caspian, Mediterranean
Fetched: January 14th, 2008, 12:32pm EST
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ArcelorMittal, the world's largest steel maker, wants to expand in the Caspian and Mediterranean regions from Turkey, an executive vice president of the company told reporters late on Wednesday. -
Steel Strips Wheels gets Rs 8 cr order
Fetched: January 14th, 2008, 12:32pm EST
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Steel Strips Wheels Ltd said on Wednesday it has received an order for wheel rims worth Rs 8 crore from Kubota of Japan. -
Decks clear for Tata Steel to hike Jamshedpur plant
Fetched: January 14th, 2008, 12:32pm EST
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Fearing large scale migration of steel industry to Orissa, the Jharkhand government has expedited captive mining proposals of several companies including Essar Steel and JSW Steel. -
JSW plans to invest Rs 7,500 crore in TN
Fetched: January 14th, 2008, 12:32pm EST
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JSW Group, part of the Rs 32,000 crore OP Jindal conglomerate, has unveiled a Rs 7,500-cr plan for Tamil Nadu. -
ArcelorMittal eyes auto steel JV with China's Valin
Fetched: January 14th, 2008, 12:32pm EST
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Arcelor Mittal plans to set up an auto steel joint venture in China with Hunan Valin Steel Tube and Wire Co Ltd and its parent, in which it will take a 30 per cent stake. -
China's steel export prices pose threat to India
Fetched: January 14th, 2008, 12:32pm EST
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China, which has become a net exporter of steel, poses a threat to the Indian steel industry if the neighbouring country matches its export prices with its own domestic prices of the alloy, Union Steel Secretary RS Pandey said. -
124mt steel output by ’11
Fetched: January 14th, 2008, 12:32pm EST
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Steel production in the country is set to go up to 124 million tonnes (mt) by 2011-12 beating an earlier official estimate of 80 mt by a wide margin. -
ArcelorMittal juggernaut rolls on to China
Fetched: January 14th, 2008, 12:32pm EST
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Lakshmi Mittal-led ArcelorMittal has become the first foreign co to acquire controlling stake in a Chinese steel firm, China Oriental in a deal valued at about $1.6 bn. -
Jharkhand rules out any problem for Arcelor Mittal project
Fetched: January 14th, 2008, 12:32pm EST
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The Jharkhand government said Arcelor Mittal was happy with the progress on its proposed steel project and the requirement of land, power and water would be definitely addressed. -
Rising infrastructure spending buoys steelmakers’ Q2 show
Fetched: January 14th, 2008, 12:32pm EST
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Rising infrastructure spending, growing consumer goods market have driven the good performance of the Indian steel companies in the second quarter of FY’08. -
Abhijeet Group to invest Rs 55K cr for steel and power
Fetched: January 14th, 2008, 12:32pm EST
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Steel and mining major Abhijeet Group said it will invest Rs 55,000 crore to build steel and power plants in various parts of the country, besides planning forays into other sectors. -
Essar Steel may shelve $1.9 bn plant in Indonesia
Fetched: January 14th, 2008, 12:32pm EST
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Essar Steel may shelve plans to construct a 1.9 billion dollar plant in Indonesia following an adverse ruling by the country's anti-dumping authority. -
JSW acquires land for West Bengal project: Sajjan
Fetched: January 14th, 2008, 12:32pm EST
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JSW Steel on Tuesday said it has completed the land acquisition for its 10-million-tonne project at Midnapur in West Bengal and would soon begin work on it. -
Tata come out with Rs 10,000 cr rights issue
Fetched: January 14th, 2008, 12:32pm EST
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Tata's decision to raise funds from rights issue will result in enlargement of its equity by 20 per cent after the rights issue Global CEOs of Indian origin
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Nitish urges Paswan to set up steel plant in Bihar
Fetched: January 14th, 2008, 12:32pm EST
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Nitish Kumar on Sunday urged Ramvilas Paswan to set up a steel plant on the pattern of Bokaro in the state for which he promised to provide 1,000 acres of land. -
China, India to sign MoU for cooperation in iron & steel sector
Fetched: January 14th, 2008, 12:32pm EST
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India and China have decided to join hands in extending cooperation in iron and steel sector and are all set to sign a memorandum of understanding for the same next month.