PTI cited Venture Capital fund, Kalaari Capital, as saying that it has invested INR 5 crore into Power2sme, a small businesses purchase aggregator. Kalaari Capital in a statement said that the infusion will be used for expanding ...
Tags: Venture Capital fund, Kalaari Capital, India, company news
Business Standard reported that the shortage of iron ore seems to have hit steel companies in the small and medium segments the hardest. According to recent data by the Joint Plant Committee, the non alloy and carbon steel segment saw ...
Tags: iron ore, India, non alloy, carbon steel segment
Elecon Engineering Company Ltd has been awarded letter of intent of INR 6,15,00,000 by Madras Cements Ltd. The order is for supply of material handling equipments and other spares for grinding unit project. The Elecon Engineering ...
PTI reported that Maruti Suzuki India gained as much as 2.2% intraday on December 28th 2012 Friday after agencies reported the company is considering setting up its first overseas assembly plant in Africa as it seeks to revive exports. Mr ...
Tags: Maruti Suzuki, India, assembly plant, Africa
Business Standard reported that the state owned Odisha Mining Corporation, a minority shareholder in the MMTC managed Neelachal Ispat Nigam Ltd, proposes to buyout shares of another state company, Industrial Promotion and Investment ...
Tags: Odisha Mining Corporation, mining, iron ore mines, steel plants
PTI reported that Mr Jyotiraditya Scindia Power Minister recently assured all possible help to Madhya Pradesh in electricity generation as he dedicated the 1,200 KV ultra high voltage and AC test centre to the nation. Addressing a ...
Tags: Mr Jyotiraditya Scindia, Power Minister, Madhya Pradesh, MP
PTI reported that Larsen & Toubro Hydrocarbon has secured an offshore contract valued at INR 781 crore from Oil and Natural Gas Corporation. A company statement said that the contract, won against international competitive bidding, ...
Tags: Hydrocarbon, offshore contract, ONGC, EPCI
Business Standard reported that GAIL has started issuing compensation to land owners who have lost their land to the gas pipeline project, connecting the Kochi LNG terminal to Bangalore and Mangalore. The first set of cheques were ...
Tags: GAIL, gas pipeline project, gas, India
Business Standard reported that iron ore starved steel industry in and around Karnataka might have to wait for a longer period to get smooth supply of key raw material for its blast furnaces as the opening of Category B mines, which contain ...
Tags: starved steel industry, iron ore, raw material, mining
Business Line reported that the promoters of the ailing Hinduja Foundries will not let the company slip into sickness. Just last week, the company decided to report its status to the Board for Industrial and Financial Reconstruction on ...
Tags: Hinduja Foundries, India, ailing, company news
Business Line reported that Ambuja Cements Ltd plans to invest INR 2,000 crore for capacity expansion in Rajasthan and northern regions. The proposed project at Rajasthan would add 5 million tonne capacity to the company’s total ...
Tags: Ambuja Cements Ltd, capacity expansion, Cements, company news
Business Line reported that Mr MP Purushothaman chairman of Empee Distilleries’ as saying that with Empee Distilleries’ major projects going on stream and a restructure at an advanced stage, the company hopes to do better in the ...
Tags: Empee Distilleries, MP Purushothaman, commercial development
Business Standard reported that the Mr Miglani family, joint owner with ArcelorMittal of Uttam Galva Steels, has completed the acquisition of Lloyds Steel by reconstituting its board. The company is now in talks with private equity ...
Tags: Mr Miglani family, ArcelorMittal of Uttam Galva Steels, acquisition
The Indian steel rim producer Steel Strips Wheels Ltd (SSWL) has announced that it registered gross sales of INR 757 million ($13.9 million) in December 2012, down 25 percent compared to the corresponding month of 2011. In terms of units ...
In order to conserve iron ore resources of the country for long term domestic value addition, export duty on all varieties of iron ore has been increased from 20% to 30% ad valorem with effect from December 30th 2012. Chrome is used in ...
Tags: iron ore resources, iron ore, steel manufacturing, chrome