Odisha may offer Posco the JV option with OMC

Last Updated: Tuesday, August 25, 2015, 19:07

Prime Minister's Principal Secretary Nripendra Misra on Tuesday held a meeting with Mines Secretary Balvinder Kumar, Steel Secretary Rakesh Singh, Odisha Chief Secretary G C Pati and Posco India CMD Gee Woong Sung on the steps that can be taken to save the project, sources said.

Steel Ministry approves 83 R&D projects worth over Rs 696 cr

Last Updated: Sunday, July 26, 2015, 12:16

Besides, thrust is also being given to develop more value added products for which the country is mostly dependent on imports, the official added.

C S Verma steps down as SAIL CMD, steel secretary takes charge

Last Updated: Thursday, June 11, 2015, 16:41

Verma was appointed CMD of the country's largest steel producer for a 5-year term in June 2010 by the previous UPA government.

India's steel & power project in Afghanistan face hurdles

Last Updated: Sunday, June 7, 2015, 17:35

"The AFISCO project has been put in cold storage. There are several issues. First, it is about the security of the personnel in that country. Then there is a question of economic feasibility as it is difficult to operate there due to a continuous conflict hurting the basic infrastructure," the source said.

NMDC in pact to set up ultra mega steel plant in Chhattisgarh

Last Updated: Monday, May 11, 2015, 20:14

"NMDC, under the Ministry of Steel signed MoU for setting up ultra mega steel plant in Bastar region.

Steel Ministry facilitating SPVs with mineral-rich states

Last Updated: Wednesday, May 6, 2015, 15:47

"The Ministry of Steel is facilitating setting up of SPVs in mineral-rich states of Odisha, Chhattisgarh, Jharkhand and Karnataka,"

Alarmed by China 'dumping', Minister bats for higher duty on steel

Last Updated: Thursday, April 2, 2015, 18:43

The steel ministry has asked its finance counterpart to raise import duty on the metal amid serious concerns of the industry over "dumping" from China.

SAIL undertakes modernisation, expansion of 5 steel plants

Last Updated: Wednesday, March 18, 2015, 17:17

SAIL has undertaken modernisation and expansion at five of its steel plants to augment its crude steel production capacity to 21.4 MTPA.

Steel Ministry seeks hiking of import duty on finished products

Last Updated: Thursday, January 22, 2015, 11:45

The Mines and Steel Ministry has sought import duty hike on finished steel products to 10 percent, besides complete withdrawal of the levy on imports of steel-making inputs such as iron ore and coking coal in the coming Budget.

Double whammy for steel firms: Rising imports, dipping exports

Last Updated: Sunday, January 11, 2015, 17:16

Facing a double whammy of rising imports and declining exports, domestic steel manufacturers are fearing further squeeze in their margins in a stubbornly subdued domestic market.

Govt asks NMDC to advance 100 mtpa production target

Last Updated: Tuesday, December 16, 2014, 19:23

Steel Ministry Tuesday directed PSU iron ore miner NMDC to advance its 100 mtpa production target by four years to 2020-21 to ensure the raw material for the domestic steel industry at reasonable prices.

India's steel consumption grows by 1.3% in Apr-Nov

Last Updated: Tuesday, December 9, 2014, 19:26

India's steel consumption grew by a moderate 1.3 percent to 48.62 million tonnes during the April-November period of current fiscal on lingering effect of the economic slowdown and slow growth in production.