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Jun 2019

ONGC Seeks A Bid To Raise Oil And Gas Production Output From 64 Small Fields

Jun 29, 2019

Oil and Natural Gas Corp (ONGC) a State-owned company on Friday invited proposals from firms willing to partner with it in raising oil and gas production from its 64 marginal...
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NALCO Lines Up Rs 17,000 Crore Expansions To Enhance The Capacity

Jun 28, 2019

National Aluminium Company (Nalco) State-run aluminium maker has lined up Rs 17,000 crore investments to enhance capacity, foray into new areas, and increase coal production. Nearly half of the proposed...
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India's Steel Exports In May Drop To Lowest In 3 Years

Jun 27, 2019

Preliminary government data showed India's finished steel exports in May fell to their lowest in three years as shipments to traditional markets in the European Union (EU) and Nepal shrank....
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Tata Sponge Aims To Become Integrated Steel Enterprise

Jun 26, 2019

Tata Steel subsidiary Tata Sponge Iron is aiming to position itself as an “integrated steel enterprise” with a diversified business portfolio after completing the acquisition of the steel business of...
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Vedanta Shortlists Lloyd’s Register For Managing Oil And Gas Blocks

Jun 25, 2019

Vedanta has shortlisted Lloyd’s Register for integrated project management of the 41 oil and gas blocks it was awarded under Open Acreage License Policy (OALP), the company said in a...
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As A Surge In Scrap Imports Hurts, Aluminium Industry Asks For Duty Cover

Jun 24, 2019

A sudden rise in import of aluminum scrap has created a panic among primary producers of the metal in India, with local manufacturers losing market share, and calling the government...
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Steel Ministry Sought Immediate Hike In Duties To Deter Chinese Imports

Jun 22, 2019

The steel ministry seeks an immediate increase in import duties on finished steel products from a range of 7.5% to 12.5% to 15%, citing a threat from Chinese imports and...
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Steel Imports From South Korea And Japan Increase To Fill Up The Chinese Gap

Jun 21, 2019

While the domestic steel demand has shrunk, there has been an increase in steel import, especially from South Korea. There has, however, been a reduction in imports from China, but...
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Neelachal Merger Proposal With RINL ‘under Consideration’

Jun 20, 2019

After reviewing the performance of Rashtriya Ispat Nigam Limited (RINL) by Dharmendra Pradhan new Steel Minister, various options are being considered to ensure optimum utilization of its resources. Lack...
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US Monthly Crude Oil Imports From OPEC Fall To A 30 Year Low – EIA

Jun 19, 2019

Based on data in Energy Information Administration (EIA’s) Petroleum Supply Monthly, US imports of crude oil from members of the Organization of the Petroleum Exporting Countries in March 2019 totaled...
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Neelachal Ispat Nigam Ltd (NINL) To Launch TMT Bars Soon

Jun 18, 2019

Neelachal Ispat Nigam Ltd (NINL) is all set to launch its own brand of thermo-mechanically treated (TMT) bars, a value-added product which is expected to improve the company’s earnings. The...
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Steel Ministry For Certain Changes In Anti-dumping Norms For The Sector

Jun 17, 2019

The Steel Ministry has suggested its commerce counterpart to bring certain changes in norms used for imposing anti-dumping duties with a view to making them more effective for protecting domestic...
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Iron Ore And Steel Players Urge Govt To Abolish Import Duty On Coking Coal

Jun 15, 2019

The iron ore and steel industry have urged the government to abolish import duty and GST compensation cess on coking coal, a key and expensive requirement in iron smelting. India...
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India's May Crude Steel Production Rises 5 Percent On Year Amid Higher Demand

Jun 14, 2019

India produced about 9.24 million tonnes of crude steel in May, up 5.2 percent against 8.78 million tonne year on year, provisional data released Tuesday from the Joint Plant Committee...
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Steel Ministry Seeks The Commerce Ministry's Urgent Intervention To Protect Domestic Players

Jun 13, 2019

The commerce ministry has been advised to recast anti-dumping norms and urged caution on negotiating zero duty trade of steel through proposed mega Free Trade Agreements like RCEP (Regional Comprehensive...
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Land Request For Shore-based Plant: SAIL Gets A Positive Response From Odisha Govt

Jun 12, 2019

State-owned steel maker SAIL has received a positive response from the Odisha government on its request of land allocation to set up a coast-based plant in the state, a top...
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Tata Steel To Develop 40 High-end Products At Kalinganagar Unit

Jun 11, 2019

Tata Steel reaffirming its focus on product innovation plans to develop 40 new product grades at its Greenfield steel project at Kalinganagar (Odisha) in this financial year. The new products...
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International Conference To Boost Steel Production

Jun 10, 2019

The Government of India (GoI) has set up a target aiming at 300 metric tonnes production of steel till 2030; Indian Institute of Metals (IIM), Ranchi Chapter will organize an...
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Indian Oil Joins Hands With BPCL & HPCL To Lay LPG Pipeline From Kandla To Gorakhpur

Jun 7, 2019

State-owned oil and gas company Indian Oil Corporation Ltd has joined hands with other oil marketing companies-Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL)- for laying the world’s longest...
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India To Maintain Its Level Of Thermal Coal Imports: Fitch

Jun 6, 2019

India is expected to maintain the current level of thermal coal imports as the country's power demand is likely to increase, said a report by Fitch Ratings on Monday. Growth...
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Bauxite Imports To China Jump By 68.2% In April

Jun 5, 2019

It is reported that as per Customs data released earlier this week, imports of bauxite to the Middle Kingdom rose significantly last month, surpassing totals for the previous month and...
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Steel Companies Urge Govt To Auction Iron Ore Mining Leases Expiring In March

Jun 4, 2019

Govt could lose Rs 79,500 crore if lease on 53 million tonnes capacity is not auctioned; they caution, Steel companies have urged the government not to extend the merchant iron...
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China's Planned Curbs On Aluminium Scrap Imports Nettle Indian Players

Jun 3, 2019

In July China will embark on a major step to curb imports of aluminium scrap. In a protectionist move, China, the biggest producer cum exporter of aluminium, plans to classify...
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