Iron And Steel Industry

Order of the National Green Tribunal regarding an illegal cracker unit in Thanjavur district, Tamil Nadu, 29/05/2025

Order of the National Green Tribunal in the matter of News Item titled "2 killed in blast at illegal cracker unit in Thanjavur appearing in The Hindu dated 19.05.2025". The application is registered suo-motu on the basis of the news item titled 2 killed in blast at illegal cracker unit …

New attack on Krishna: Iron ore fines sold at low rates

Team Anna on Tuesday levelled a fresh charge against External Affairs Minister S M Krishna, alleging that when he was the chief minister of Karnataka, the state mining department allocated thousands of tonnes of iron ore fines to private companies without any bidding and at grossly undervalued rates. “The iron …

Mining scam: CBI set to chargesheet Reddy today

An IAS officer and an IFS officer are among the seven people set to be chargesheeted on Wednesday by the Central Bureau of Investigation, alongside former Karnataka minister and businessman G Janardhana Reddy, following a probe into the illegal mining activities by the Associated Mining Company (AMC) run by the …

Freeze derails Rs 5L cr worth projects

The policy deep-freeze and land acquisition woes have resulted in over 500 projects, mostly power and steel, being shelved or put on hold during 2011-12, entailing a total investment of over Rs 5,00,000 crore. According to CMIE estimates, during the year Rs 1,70,000 crore worth of investment projects had been …

NMDC to set up steel plant in Bellary

The State-run National Mineral Development Corporation (NMDC) and Russian steel maker Severstal are likely to sign a final agreement to set up a steel plant in Bellary by the end of this year. “Both companies have appointed legal consultants to study the project structure, and based on inputs, both firms …

Energy gain in tea processing

Major energy savings in the steel re-rolling sector and in the small tea processing enterprise, initiated by the UNDP, has seen a substantive increase in energy efficiency in these industries. UNDP, India, country director Caitlin Wiesen, told this newspaper, “Intervention in the steel re-rolling industry has seen efficiency levels go …

Centre Moves to Halt Open Sale of Ore Fines

Bid to prevent captive mine owners from selling byproducts; make them add value to ore. The Centre has moved to clear any ambiguity that could be misused by captive mine owners to sell iron ore fines in the open market. The move comes after the Jharkhand High Court in February …

BEE expects to save 2,308 Mw energy by 2017

Bureau of Energy Efficiency (BEE), a statutory body under the Union ministry of power, is planning to save 2,308 Mw of energy worth around Rs 11,540 crore during the 12th Five Year Plan (2012-17) by mandating the labelling of electronic products. Of this, 400 Mw, worth Rs 2,000 crore, is …

IISCO deal to relocate deity

Calcutta, May 22: The impasse over the expansion and modernisation of the SAIL’s IISCO Steel Plant at Burnpur appears to have been resolved with the company tacitly agreeing to give jobs to a set of aggrieved land-losers. The commissioning of the Rs 17,000-crore project — the biggest expansion initiative in …

Govt warns SAIL of action for ‘unsatisfactory’ performance

New Delhi: Steel major SAIL on Monday got a dressing down from the government over “unsatisfactory” performance and poor progress in expansion and modernization programmes, leading to cost escalations. While SAIL chairman C S Verma termed the Maharatna’s performance as satisfactory, steel minister Beni Prasad Verma came down heavily on …

MMTC inks supply pacts with Japanese, South Korean steel companies

State-owned trading giant MMTC has inked pacts with Japanese and South Korean steel companies including Posco, to supply 2.8 million tonnes of iron ore annually for a period of three years. "We have signed iron ore supply contracts with five Japanese firms and one South Korean company for a period …

No allocation of captive blocks at market price: CoalMin

The coal ministry has said captive coal blocks could not be allocated to private companies at the market price of reserves. This is despite the Comptroller and Auditor General of India (CAG) recently blaming the government for extending “undue gains” worth a whopping Rs 10.6 lakh crore to companies by …

Posco Scales Down Land, Plant Size; Protest Goes On

The company has so far got 500 acres while the govt claims to have acquired 2,000 acres South Korean steel major Posco and Odisha government have agreed to set up an 8 million tonne per annum (mtpa) steel plant near Paradeep in Odisha in two phases, downsizing it from the …

Posco presses for early hand over of land for project

Posco India on Wednesday pressed for handing over of 2,700 acres of land to the company for start of construction of its much hyped project in the state. The company also scotched all speculation about downsizing the project due to constraints in land acquisition. The speculation had gained ground after …

CBI searches premises of BSY, relatives, mining firm

Incriminating documents seized, says investigating agency The Central Bureau of Investigation (CBI) conducted searches on the premises of former chief minister B S Yeddyurappa, members of his family, Prerana Education Trust run by them and two mining companies in Bangalore, Shimoga and Bellary in the early hours of Wednesday. The …

Posco to begin with 8 million tonne plant

BHUBANESWAR: Posco India CMD Yong-Won Yoon on Wednesday said that the company will set up 8 million tonne capacity steel plant near Paradip in Jagatsinghpur district with the available land and expand whenever the total requirement of 4004 acres are transferred to it. The original plan of 12 mt capacity …

No change in original Posco project plan

Posco India Chairman-cum-Managing Director YW Yoon on Wednesday asserted that despite delay in the transfer of required land, there was no question of downsising or reducing the project cost of the proposed 12 mtpa mega steel mill to be set up near Paradip. After an hour-long discussion with Chief Minister …

State asks Posco to submit revised DPR

Bhubaneswar: The Odisha government has sought a fresh detailed project report from Posco India concerning its proposal to downsize the proposed 12-MTPA steel project near Paradip in Jagatsinghpur district as the chairman and managing director of the company is scheduled to meet chief minister Naveen Patnaik on Wednesday. Briefing newsmen …

JSW Steel net falls 10% on Karnataka mining ban

JSW Steel, the country’s third-biggest steelmaker, reported a 10 per cent fall in quarterly net profit, beating expectations, and said it expected to operate its main plant at 80 per cent capacity in 2012-13, as iron ore supplies take time to stabilise. Production at JSW Steel’s 10-million-tonne per year Vijayanagar …

Green woes: Gujarat HC shuts down Electrotherm steel plant

Taking a tough stand on environmental issues, the Gujarat High Court has directed steelmaker Electrotherm (India) Ltd to close down its manufacturing plant in Kutch district and quashed the environmental clearance granted to it by the Union Ministry of Environment and Forest without holding a public hearing as per rules. …

JSW Steel tanks as SC orders probe in mining case

The stock tanked over 8% at Rs 606 on huge volumes JSW Steel has tanked over 8% at Rs 606 on reports that the Supreme Court (SC) orders the Central Bureau of Investigations (CBI) probe on the company’s mining case. Earlier, a panel appointed by the SC has recommended that …

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