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Tripartite meet on Posco project on August 25: Minister

Last Updated: Saturday, August 22, 2015, 22:08

The much-awaited tri-partite meeting on the country's biggest FDI project proposed by Posco is scheduled to be held in New Delhi on August 25, Odisha Steel and Mines Minister Prafulla Kumar Mallick said Saturday.

ArcelorMittal's net loss widens to $728 million, cuts capex to $3 billion

Last Updated: Thursday, May 7, 2015, 12:43

The company, controlled by NRI billionaire Lakshmi Mittal, had reported a net loss of USD 205 million in the year-ago period, it said in a statement.

ArcelorMittal cuts R&D expenses by 4% at $259 mn in 2014

Last Updated: Tuesday, April 21, 2015, 15:58

The NRI-billionaire Laxmi Mittal led company had reported R&D expenditure of USD 270 million in the year-ago period, ArcelorMittal said in a report.

ArcelorMittal narrows Q4 loss to $955 mn

Last Updated: Friday, February 13, 2015, 17:59

The company, controlled by NRI billionaire Lakshmi Mittal, had reported USD 1.2 billion net loss in the October-December quarter of the last year, it said in a statement.

IISCO revamp to be completed by early next year

Last Updated: Thursday, December 26, 2013, 14:36

The modernisation of the Indian Iron and Steel Company, the country's oldest steel plant here is to be completed by early next year.

Steel makers to add 24 MT capacity in existing plants by FY'18

Last Updated: Wednesday, January 2, 2013, 00:51

Country's major steel makers are set to add around 24 million tonnes per annum (mtpa) capacity through brownfield expansions by 2017-18 involving investments to the tune of Rs one lakh crore.

Steel cos margin outlook weak on low prices, imports: ICRA

Last Updated: Thursday, October 11, 2012, 20:11

Domestic steel companies are likely to report weak margins in the near-term despite a fall in the raw material prices, rating agency Icra said in a report Thursday.

New steel policy aims to sort out industry problems

Last Updated: Sunday, September 16, 2012, 16:22

The new National Steel Policy will try to sort out issues including land acquisition and raw material security that are at present crippling the sector's growth in the country, sources said.

‘Indians languish in Nigeria without salary’

Last Updated: Thursday, February 23, 2012, 23:46

Close to 100 Indian workers employed with Delta Steel Company Plc in Nigeria have alleged that they are yet to get arrears in salaries.

Orissa: Steel cos to be probed for iron ore source

Last Updated: Thursday, September 29, 2011, 20:40

2 days after detection of illegal mining of iron ore by a pvt co in Sundergarh district, Orissa govt said it would probe the steel manufacturers.

Bombay HC approves CSCL amalgamation with Tata Steel

Last Updated: Tuesday, September 27, 2011, 22:55

Tata Steel Tuesday said the Bombay High Court has approved the amalgamation of Centennial Steel Company (CSCL) with the company.

SAIL, Kobe JV agreement in 4 mths, plant in Bengal

Last Updated: Saturday, September 10, 2011, 17:28

Steel Authority of India Ltd (SAIL) is expected to sign a 50:50 joint venture agreement with Kobe Steel within 3-4 months that will help it acquire the Japanese company's patented technology.