Buoyed by its success in hydro power development,power major SJVN is venturing into wind power generation by setting up a 47.6 MW project. Peforming the bhoomi poojan for the project,Mr RP Singh CMD of SJVN said that the company's ...
Tags: hydro power, SJVN, turbine units, Wind Turbine
National Aluminium Limited the Bhubaneswar-based integrated PSU aluminium maker, is yet to resume operations at its bauxite mine at Panchpatmali in Koraput district of Odisha. Mine operations stopped on November 17th 2012 in the absence of ...
PTI reported that BHEL is working with the government on plans to identify a technology partner for manufacture of defense equipment including making bigger guns for the Navy. BHEL, which is all set to become a Maharatna company, is ...
Tags: BHEL, Maharatna company, gun
Liberty Videocon General Insurance Company, a joint venture floated by the US underwriter Liberty Mutual Insurance and Videocon Industries has received insurance license to conduct operations in India. The permit granted by India's ...
Tags: Liberty Videocon, insurance license, operations in India
PTI reported that after a massive crackdown on illegal mining, Odisha is working on ways to provide long term iron ore linkages to steel firms located in the state through the state run Odisha Mining Corporation. According to officials, ...
Tags: Odisham, steel company, steel ore
The Indian government which recently permitted 51 percent foreign direct investment (FDI) stake in multi-brand retail, while welcomed by the apparel brands and retailers, is being opposed by a few key political parties. Crisil ...
Tags: Indian government, job, FDI
Notwithstanding delays in the implementation of its INR 52,000 crore project in Odisha, the South Korean steel major POSCO said that the company is determined to estaablish a world class steel facility near Paradip. Mr YW Yoon CMD of ...
Tags: POSCO, steel plant, steel facility
PTI reported that L&T Finance, a part of diversified group Larsen & Toubro, has completed the acquisition of Fidelity's mutual fund business in India for an undisclosed amount. A company statement said that on completion of this ...
Tags: L&T Finance Holdings, Fidelity's mutual fund business, fund suite, funds
Business Line reported that the Public Enterprise Selection Board has recommended Mr Moyukh Bhaduri as the new CMD of Hindustan Steelworks Construction Ltd. Mr Bhaduri, who now holds the position of director finance at HSCL, was selected ...
Tags: Public Enterprise Selection Board, Steelworks Construction, India, steel
Business Line reported that the Monnet Group is giving a re-look to its power business amid uncertainties in the sector. Mr Sandeep Jajodia CMD of Monnet Group said that an earlier target to establish 3,000 MW capacities by 2017 now seems ...
Tags: Monnet Group, power business, power, capacity
The Peninsula reported that the Qatar Petroleum and Qatar Petrochemical Company joint venture project in Ras Laffan Industry City is scheduled for completion in 2018. With the launch of the USD 7 billion project, Qatar would emerge as one ...
Tags: petrochemical products, Qatar Petroleum, Qatar Petrochemical
Business Line reported that the Union Government has accorded approval for extending navaratna status to Rashtriya Ispat Nigam Ltd for a year that is till November 2013. The company's performance, investment of huge amounts in expansion ...
Tags: Rinl Navratna, approval, steel market, iron
DNA reported that the Central Bureau of Investigation special court has issued summons to former chief minister Mr BS Yeddyurappa and 12 others for allegedly favoring mining companies and accepting kickbacks. In its charge sheet filed in ...
Tags: Central Bureau of Investigation, iron ore mining mess, iron, Indian news
The Economic Times reported that NMDC's E auction for iron ore lumps again found few takers on November 20th with less than 1 to 10 of what it put up for sale. In half a dozen E auctions held recently, NMDC has found that almost 93% of ...
Tags: NMDC', Nmdc E Auction, Iron Ore, India
Business Line reported that NMDC Ltd may turn its over INR 15,500 crore steelmaking project in Chhattisgarh into a joint venture with Rashtriya Ispat Nigam Ltd. Sources in the steel ministry said that on finance ministry’s ...
Tags: Nmdc Rinl, steelmaking project, steel, India