Villagers of Taraikela in Jharsuguda district are up in arms against Bhusan Power and Steel Limited over construction of an ash pond in the village. Earlier they had lodged a complaint with the regional office of Odisha State Pollution ...
Tags: Villagers, Taraikela, Bhusan Power and Steel, ash pond
Visa Steel Ltd will sell new shares to fund INR 17 billion expansion and cut debt,as it tries to end six straight quarters of losses. Mr Vishambhar Saran chairman of Visa Steel Ltd said that the sale at the right price will reduce the ...
Tags: Visa Steel, shares, cut debt, six straight quarters of losses
Business Standard reported that the Odisha government is scheduled to hold talks with the officials of union ministry of steel on December 14th on various issues concerning hurdles in implementation of steel projects in the state A host ...
Tags: Steel Authority of India Limited, POSCO, Rashtriya Ispat Nigam Limited
Business Line reported that Visa Steel Ltd will close the INR 368 crore transaction with SunCoke Energy Inc for 49% stake in Visa Coke Ltd, its wholly owned subsidiary by January end. Mr Vishal Agarwal CMD of Visa Steel said that the deal ...
Tags: Business Line, Visa Steel, SunCoke Energy, wholly owned subsidiary
PTI quoted the Comptroller and Auditor General of India as saying that the state lost INR 159.96 crore because of lacunae in resources and revenue sharing arrangement of port projects in PPP mode. The CAG in its report on general and ...
Tags: Odisha, Port Projects, CAG
Business Line reported that the government of Odisha has asked the state's iron ore merchant miners to supply half of their mined lumps and fine to local standalone units. Early, it had directed merchant miners to allocate 50% of the ore to ...
Mr Dinsha Patel minister of mines informed the Lok Sabha that the details of the major aluminium plants presently operating in the country are Company Location Capacity National Aluminium Company Limited ...
Tags: mines, major aluminium plants, quantum and value, aluminium producers
The mass exodus of migrant workers during the festival season in textile industry may create labor shortage in Surat's textile industry. Since the migrant laborers move out to their native places for a month long vacation during the ...
Tags: textile industry, labor shortage, festival season, FOSTTA
Business Standard reported that KIOCL Ltd has evinced interest in setting up a pellet plant in Odisha, to tap huge amount of unsold fines of Odisha Mining Corporation. Mr Malay Chatterjee CMD of KIOCL said that "The setting up of pellet ...
Tags: pellet plant, unsold fines, Odisha Mining Corporation, steel makers
Business Standard reported that the Odisha government recently found itself in a tight spot over the role of its PSU Odisha Mining Corporation in excess production with the opposition pointing out that the state owned miner had extracted ...
Tags: excess production, OMC, coal Mining
PTI reported that the Department of Steel and Mines in the Odisha government registered collection of mining revenue worth INR 374.76 crore in November. This is lower than the target for the month of INR 382 crore. The sources said that ...
Business Standard reported that with MoU of almost all steel companies pending for renewal and running units battling raw material crunch, the Odisha government has decided that it would not give any commitment on raw material supplies in ...
Tags: steel company, Odisha government, raw material, Metallurgy
ET reported that the Bombay High Court has asked billionaire Mr Anil Agarwal controlled Vedanta Aluminum to deposit a security amount of INR 187 crore with the court till the arbitration proceedings reach a definitive conclusion based on a ...
Tags: Bombay High Court, Vedanta Aluminium, INR 187 Crore, Mineral
Business Line reported that the government of Odisha has asked the state’s iron ore merchant miners to supply half of their mined lumps and fine to local standalone units. Early, it had directed merchant miners to allocate 50% of the ...
Tags: Directs Miners, Iron Ore, Mineral, government of Odisha
Business Standard reported that Tribal Development Cooperative Corporation of Odisha Ltd, the apex cooperative organization for sale and purchase of tribal products in Odisha, will procure products manufactured by Navjeevan Cooperative Ltd ...
Tags: Tdccol, TATA Steel, tribal products