Odisha has 700 mt of known bauxite reserves and has the potential to become the bauxite capital of the world. The state has 70 per cent of India's total bauxite reserves.
Tata Steel had earlier said it has executed definitive agreements for the acquisition of UML's steel business for Rs 4,300-4,700 crore through a slump sale on a going concern basis.
With ArcelorMittal’s Essar Steel acquisition now in the books, enabling Lakshmi Mittal to enter India in a big way, private steel makers led by Tata Steel and JSW Steel may now have to focus on increasing efficiency and cutting costs.
The duty has been imposed in the range of USD 44.89 to 185.51 per tonne on import of 'Alloy bars and rods in straight length, whether or not hot rolled, hot drawn, cold drawn, cold extruded, peeled bar, surface machined, polished, bright bar, forged'.
NPB–750 is the new product in the NEX series, which will not only provide strength to the construction but will also prove to be cost-effective, the statement said.
Composite sleepers were first used by the Railways in the Muradabad division in 2003. They have an edge compared with the strength of wooden and channel sleepers.
An expenditure of Rs 18,832 crore (on gross basis) has been incurred till June, 2018," Sai added.
Production and sales for JSW Steel Coated Products stood at 0.43mn tonnes each. Revenue and EBITDA for the quarter stood at INR 3,031 crore and INR 122 crore respectively. Margin for coated products was impacted by higher raw material prices.
Jindal Mining SA’s main business is coal production at the Kiepersol mine, according to one of the documents. Business-rescue practitioners for the unit have scheduled a meeting with creditors for June 26.
Please tell us your Email ID to keep you updated with industry happenings:
Get Your Brand on our portal and e-mailers
Copyright © 2018 Steel Group | All Rights Reserved | All logos, symbols & Trademarks belong to their respective owners.