Strategic disinvestment of SAIL is attractive for private entities
Steel Gyan
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5y ago
Steel authority of india has released tender for disinvestment of its three major steel plant namely Alloy steel plant (ASP)  at  Durgapur,  Visveswaraya steel plant (VSP) at Bhadravati Karnataka and Salem steel plant (SSP)  at Salem Tamilnadu. Proposed disinvestment of 3 major entities will be finalised soon after 8 august 2019. Currently queries regarding disinvestment are invited by SAIL. Strategic disinvestment - Share of public enterprises units are disinvested up to 50% and control of management is transferred to that private entity. Modi govt is focusssing on privatasation to improve ..read more
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Odisha will become Heart of Steel
Steel Gyan
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5y ago
The state known for its rich minerals now ready to become steel hub.  The meeting held on 19th july in presence of Steel minister Mr.  Dharmendra Pradhan to discuss roadmap for achieving goal of steel policy to produce 300 million MT in india up to 2030.  Odisha will play a major role in achieving this goal. Odisha has to produce 100 million tonne alone to achieve steel policy targets and meeting done to discuss roadmap with major stakeholders of state said Mr.  Pradhan in its tweet. The presence of major steel players like TATA Steel, SAIL and Jindal steel and power in state with capacity ..read more
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RINL commissioned 430mm caster, first time in India
Steel Gyan
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5y ago
RINL (Rastriya Ispat Nigam Ltd.)   achieved milestone by commissioning of 430 mm round caster at SMS2 (Steel making shop)  ,  which is first time in india,  inaugurated by Mr. PK Rath,  CMD RINL. Steel unit has also inaugurated coke oven battery 5,  pump unit,  LPG storage unit and water reservoir to fulfill the raw material supply timely for smooth running of 7.3 million mt capacity unit. RINL is looking for capacity expansion to fulfill expected demand as many infrastruture projets were announced in union budget.  To run plant in this capacity approx 10 million mt iron ore is required that t ..read more
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अब तक 20 लोहे के अयस्क ब्लॉकों की नीलामी हुई है: इस्पात मंत्री।
Steel Gyan
by
5y ago
सरकार ने कहा कि 583.057 मिलियन टन (एमटी) के भंडार वाले 20 लौह अयस्क ब्लॉक अब तक नीलाम हुए हैं। इस्पात मंत्री धर्मेंद्र प्रधान ने लोकसभा में एक लिखित जवाब में कहा कि सरकार ने खनन पट्टों के अनुदान को कारगर बनाने के लिए खान और खनिज (विकास और विनियमन) संशोधन अधिनियम, 2015 को अधिसूचित किया है। "आज तक, लौह अयस्क के 20 ब्लॉकों को 583.057 मीट्रिक टन के रिजर्व के साथ सफलतापूर्वक नीलाम किया गया है," उन्होंने कहा "2020 में समाप्त होने वाले पट्टों की समय पर नीलामी द्वारा कच्चे माल की आपूर्ति सुनिश्चित करने के लिए ... केंद्र सरकार ने खनिज संरक्षण और विकास नियम, 2017 ..read more
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20 Iron ore blocks auctioned till now : Steel minister
Steel Gyan
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5y ago
The government said 20 iron ore blocks having reserves of 583.057 million tonne (MT) have been auctioned till Now. The government has notified Mines and Minerals (Development and Regulation) Amendment Act, 2015 to streamline grant of mining leases so as to maintain sufficient availability of iron ore for steel sector, Steel Minister Dharmendra Pradhan said in a written reply to Lok Sabha. "As on date, 20 blocks of iron ore have been successfully auctioned with a reserve of 583.057 MT," he said. "To ensure supply of raw material by timely auction of leases expiring in 2020...the central g ..read more
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JSW Steel Still looking for Bhushan Steel & Power Ltd.
Steel Gyan
by
5y ago
JSW Steel, a successful bidder of BSPL still looking for its acquisition despite fraud cases that are reported by banks. Previously PNB and Allahabad bank reported to RBI about 3805 crore  and 1775 crore fraud respectively. The FIR is already against companies ex promotors Mr. Sanjay Singhal and wife Mrs.  Arti Singhal &  other executive directors lodged. The funds are diverted in large amount and companies books are also changed fraudulently to take loan as per allegations. Despite all these the chairman of JSW Steel Mr.  Sajjan Jindal told today after AGM that they are looking for takeo ..read more
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Despite price slowdown TATA Steel BSL turnaround to profit in Q1 results
Steel Gyan
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5y ago
TATA STEEL BSL reported 111.05 crore net profit in its june quarter result in its bse filing. Company has presented its consolidated results combining Bhushan energy ltd.  which is a subsidiary of Bhushan Steel ltd. Now jointly in a single entity TATA Steel BSL Ltd.  During the quarter companies income stood at 4959.63 crore rupees.  The company has posted 2104 crore profit in the same quarter last year but that is not comparable as company has taken over by TATA Steel and BEL results are not joint in that.  Now the companies performance is looking up to the mark. TATA Steel BSL Ltd is an int ..read more
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Are Steel Insulated Panels are future building Materials ?
Steel Gyan
by
5y ago
Structural insulated panels gaining popularity in residential constructions and now on increasing demand in india due to its energy saving properties. What is SIP -  SIP ie.  structural insulated panels are made of thick layer material sandwiched with foam or insulation between both layers of metal. Steel insulation panels are ecofriendly and use recycled material and foam that is used in between the steel layers is 98% air tight and a nontoxic nonflammable agent. Advantages- Steel SIP technology has excellent thermal performance due to its integral insulation avoid the need of any othe ..read more
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Steel recycling must for environment protection goals
Steel Gyan
by
5y ago
Recycling means generating from waste is the key business that is on focus now a days. Steel recycling which is ignored in india till now is focussing on this business. TATA Steel starts a joint venture at rohatak Haryana with Arti green tech,  a unit of ludhiana based Arti steel with investment of 150 crore to produce steel from scrap with digitally equipped technologies. Steel recycling will reduce carbon emmissions up to 60% and indian steel will flourish sustainably. Where as its a dream project of Mr.  Narendran CEO & MD of TATA Steel. Steel has properties that never lost after recycl ..read more
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TATA steel Quarter 1 results increased 9% YOY
Steel Gyan
by
5y ago
Indian steel player TATA steel posts quarter one numbers in its bse filing.  The overall production increased 9% in 2019-20 first quarter compared to last year in same quarter. The production and sales volumes both increased in India but in Europe both sales and production decreased. After Bhushan steel takeover domestic business is showing better results with full capacity utilization. Steel prices goes up after china US trade war and chinese environmental policies to cut down emissions affecting production and subsequently prices of steel are increasing drastically in the market which is ben ..read more
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