Business Standard reported that the Revision Authority under the Union mines ministry has set aside an Odisha government order directing Jindal Stainless Ltd to pay INR 6 crore for shortage of chrome ore found during audit. The final ...
Tags: ore, mines ministry, mines, chrome ore
Business Standard reported that the move of Vedanta Aluminum Limited to lay off staff at its closed alumina refinery in Lanjigarh might be illegal, as the state labour department claims to not have received any official communication ...
Tags: Vedanta Aluminum, Aluminum, alumina refinery, shutdown
Business Standard reported that National Thermal Power Corporation,the country's biggest power generation utility,is expected to offer consultancy support to state owned Odisha Thermal Power Corporation Ltd for its 2,400 MW coal fired power ...
Business Standard reported that the sponge iron industry in Karnataka, which accounts for about 22 % of the state’s total iron and steel industry, is in doldrums owing to acute shortage of iron ore. As per report, while a majority ...
Tags: Iron ore, Iron, ore, steel industry
Business Standard reported that the Department of Disinvestment has proposed an exchange traded fund of listed public sector enterprises that would constitute an offering of up to 3%government holding. According to divest.nic.in,the ...
Tags: India, Public Sector, stock and tracks
Business Standard reported that the Uttarakhand Power Corporation Limited,the sole power distribution company in the hill state,has been criticized by the Comptroller and Auditor General for its huge accumulated losses of INR 1,960.11 ...
Tags: Uttarakhand Power Corporation, CAG, UPCL, sole power distribution
Business Standard reported that Power Grid Corporation of India Ltd has formed a jJV with Odisha Power Transmission Company Ltd to develop transmission lines in the state. The two power transmission utilities will have equal share in the ...
Tags: Business Standard, PGCIL, OPTCL, Odisha
State-owned Indian Rare Earths Ltd. (IREL) has applied for approval from the Odisha (Orissa) state government for a rare earth exploration permit on a 2,500ha coastal land package at Bramhagiri in Puri district. The Atomic Minerals ...
Tags: beaches, rare earth miner, Metallurgy, Mineral Energy
Business Standard reported that National Aluminium Company has resumed bauxite excavation at its Panchpatmali (North-Central block) mines nearly a month after it shut down operation at the site following expiry of lease deed on November 16. ...
Tags: National Aluminium Company, mining, mineral, mining lease
Business Standard reported that the National Mineral Development Corporation would get water for its Nagarnar steel plant from Indrawati and Sabri rivers. The Minister for Industry in Chhattisgarh, Mr Rajesh Munat informed in the ...
Tags: National Mineral Development Corporation, steel plant, steel market
Business Standard reported that the INR15,000 crore aluminium plant's joint venture between Gujarat Mineral Development Corporation and Nalco is progressing at a snail pace due to various issues including red tape. It is finally expected to ...
Tags: crore aluminium, Nalco, Gujarat Mineral Development Corporation
Omkar Speciality Chemicals is planning to invest INR250m ($4.67m) to expand the production capacity from current 1,700 to 1,950 tons at its active pharmaceutical ingredient (API) facility in Badlapur, Maharashtra, India. Omkar Speciality ...
Business Standard reported that JSW Steel Limited is likely to take further cuts in steel production if the iron ore supply situation does not improve in the next one month. As per report,JSW is currently working with an inventory ...
Tags: JSW Steel, Iron Ore, Production
Even as Mr Ratan Tata chairman of TATA Group readies for his retirement this month end, the group is taking steps to strengthen the board of its key trust, Sir Dorabji Tata Trust, by inducting former Mr E Sreedharan MD of Delhi Metro Rail ...
Tags: TATA Group, Ratan Tata, Mr Sreedharan, philanthropic work
Business Standard reported that the Videocon group said that it is unlikely to go ahead with its INR 20,000 crore steel and power plant project at Jamuria. Videocon MD Mr Rajkumar N Dhoot said on the sidelines of an industry event "We ...
Tags: Videocon group, Rajkumar N Dhoot, steel and power plant project, MoU