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Aug 2019

Cairn Oil And Gas To Spend $1 Billion To Boost Production From Rajasthan Fields

Aug 29, 2019

Cairn Oil and Gas, which is part of the Vedanta Group, has drawn up plans to spend over $ 1.1 billion in coming 18 months to improve the crude oil...
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Recycled Aluminum Demand Surges 800 Basis Points Over 3 Years: CRISIL Research

Aug 28, 2019

Recycled aluminum has surged in aggregate consumption thanks to its pricing, said Crisil Research in its report. The usage of primary aluminum logged a compound annual growth rate of 3.5-4...
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India’s Steel Consumption Likely To Grow By Less Than 6 Percent This Fiscal

Aug 27, 2019

Top steel-maker Tata Steel Ltd’s first-quarter profit slumped to the lowest in more than two years. The demand for steel in India could grow at the slowest pace in three...
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New Steel Plant To Set Up In Chatra: Union Steel Minister

Aug 26, 2019

Union minister for steel Dharmendra Pradhan on Friday announced that efforts are underway to set up a steel plant in Jharkhand’s Chatra district. Pradhan, who is also the minister for...
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GAIL To Invest Rs 45,000 Crore In Expansion Of Pipelines, City Gas Network

Aug 23, 2019

State-owned gas utility Gas Authority of India Limited (GAIL) will invest over Rs 45,000 crore over the next five years to expand the National Gas Grid and city gas distribution...
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Karnataka Govt Cancels NMDC Lease For Donimalai Mine, Opts For Auction

Aug 22, 2019

Karnataka government has decided to cancel the lease given to National Mineral Development Corporation (NMDC Limited) for the Donimalai iron ore mine and to put it under auction. This is...
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Hindalco Likely To Complete Aleris Acquisition By Third Quarter: Satish Pai

Aug 20, 2019

Hindalco's consolidated results in the quarter have been a balanced as the overseas subsidiary Novelis has posted record results, says Satish Pai, its managing director. In an interview with Swati...
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ONGC Targets Doubling Of Oil, Gas Production Adopts New 'Energy Strategy 2040'.

Aug 19, 2019

Oil and Natural Gas Corp (ONGC) - State-owned has set a target to double oil and gas output from its domestic and overseas fields and expand its refining capacity three-fold...
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SAIL To Raise Rs 5,000 Crore Through NCDs Bonds

Aug 17, 2019

Already on a high debt of Rs 48,500 crore at the end of the first quarter of the current fiscal, Steel Authority of India (SAIL) proposes to raise further debt...
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ONGC To Invest Rs 83,000 Crore For 25 New Oil And Gas Projects

Aug 16, 2019

Oil and Natural Gas Corporation (ONGC) is investing around Rs 83,000 crore on 25 major projects, Shashi Shanker, Chairman, and Managing Director, of the company said. Cumulative oil and gas...
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Steel Executives' Guild Urges PM Modi For 'hassle-free' SAIL-NINL Merger

Aug 14, 2019

Neelachal Ispat Nigam Ltd (NINL) which is in the dumps following it's lead promoter MMTC's decision to exit the public sector steel unit, has elicited support from a confederation of...
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Indian Steel Manufacturers Call For Parity In Iron Ore & Coal Block Auctions

Aug 13, 2019

Steel producers have asked for a level playing field in auctions of coal and iron ore blocks. Although electronic auctions of both coal and non-coal blocks are governed by the...
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Industry Divided Over Odisha's Decision To Auction Chrome Mines

Aug 12, 2019

Odisha government decides to auction two chrome ore mines lapsing on 31 March 2020. Ferrochrome is a key ingredient in the production of stainless steel. Neither the players, dependent on...
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Eight More Iron Ore Mines To Go Under The Auction

Aug 9, 2019

After putting seven mineral blocks under the hammer, the State Government is making all-out efforts to invite tenders for auction of eight of the 16 iron ore mines, leases of...
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India Should Focus On The Aluminium Downstream - QRIUS

Aug 8, 2019

QRIUS reported that if the Indian primary aluminium industry had hoped for increased tariffs on aluminium imports in the 2019 budget, it was severely disappointed. Instead, the industry took a...
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Steel Ministry Mulls Options For Duty-free Export Of Higher-grade Iron Ore

Aug 7, 2019

The steel ministry has set in motion a study on whether higher-grade iron ore is being exported by passing off as lower grade material or pellets. Inferior grade ore with...
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SAIL Iron Ore Mines Achieve 15 Percent Production Growth

Aug 6, 2019

The iron ore mines of Steel Authority of India Limited (SAIL) produced and despatched 18.27 lakh tonne and 18.86 lakh tonne of iron ore in July 2019, posting a growth...
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Karnataka Small Scale Industries’ Body Expresses Concern Over The Closure Of VISL

Aug 5, 2019

Karnataka Small Scale Industries Association (Kassia) has expressed concern over the closure of Visvesvaraya Iron and Steel Plant (VISL), a unit of Steel Authority of India Limited in Bhadravathi. Visvesvaraya...
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India’s Per Capita Copper Consumption May Rise To 1 Kg By 2025

Aug 3, 2019

India’s per capita copper consumption is expected to increase from 0.5 kg to 1 kg by 2025. While infrastructure will spur demand growth of refined copper in the country other...
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JSW Steel Declared Preferred Bidder For Karnataka Mines

Aug 2, 2019

JSW Steel Limited has been declared as the Preferred Bidder for three iron ore mines with an estimated resource of around 92.97 million metric tonnes in the auctions held by...
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Indian Steelmakers Sound Alarm Over Rising Level Of Duty-Free Imports

Aug 1, 2019

Notwithstanding slowing domestic demand, steel companies have raised concerns over rising steel imports at zero duty from countries such as Japan and South Korea that have signed a free trade...
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