Essar Steel commissions Phase 1 of Odisha pellet plant
April 9th, 2012 - 9:57 pm ICT by IANS
Mumbai, April 9 (IANS) Essar Steel Monday announced the commissioning of the first phase of its 12 million tonne per annum (MTPA) pellet-making facility in Odisha, which will be fully ... Read more...
Posted in Business |
Green tribunal scraps Posco’s $12bn Odisha project (Second Lead)
March 30th, 2012 - 10:17 pm ICT by IANS
New Delhi, March 30 (IANS) The National Green Tribunal (NGT) Friday suspended environment clearance to South Korean steel major Posco's $12 billion project in Odisha, the biggest foreign direct ... Read more...
Posted in Business |
Green tribunal scraps Posco’s $12bn Odisha project (Lead)
March 30th, 2012 - 4:54 pm ICT by IANS
New Delhi, March 30 (IANS) The National Green Tribunal (NGT) Friday suspended environment clearance to South Korean steel major Posco's $12 billion project in Odisha, the biggest foreign direct ... Read more...
Posted in Business |
Concast plans to set up Rs. 8 bn cement plant in Arunachal
February 2nd, 2012 - 1:30 am ICT by IANS
Kolkata, Feb 1 (IANS) Concast Group Wednesday said it is planning to set up a 1.2 million tonnes per annum (mtpa) cement plant at Arunachal Pradesh, pumping in an estimated ... Read more...
Posted in Business |
Andhra gets Rs.5.57 lakh crore investment at Partnership Summit (Lead)
January 12th, 2012 - 11:42 pm ICT by IANS
Hyderabad, Jan 12 (IANS) Andhra Pradesh has bagged projects involving investment of Rs.5.57 lakh crore, of which the MoUs for about Rs.1 lakh crore were signed Thursday on the first ... Read more...
Posted in Business |
Come to Chhattisgarh for deals in food processing and IT: Chief minister (Interview)
September 4th, 2011 - 11:52 am ICT by IANS
Raipur, Sep 4 (IANS) Chhattisgarh needs investment in downstream sectors - mainly in food processing and information technology (IT) - as the state has already enough in power and ... Read more...
Posted in Business |
NMDC to open new iron ore mine in Chhattisgarh
July 29th, 2011 - 1:24 am ICT by IANS
Raipur, July 28 (IANS) NMDC Ltd, India's largest iron ore producer and exporter in the public sector, said Thursday it plans to open a new iron ore mine in Chhattisgarh.``As ... Read more...
Posted in Business |
‘Jindal’s steel and power project will transform Bolivia’
June 16th, 2011 - 12:38 pm ICT by IANS
New Delhi, June 16 (IANS) Steel magnate Naveen Jindal-led Jindal Group's $2.1 billion projects in Bolivia, including an upcoming steel and power plant, will create thousands of jobs and transform ... Read more...
Posted in Business |
Adani Group acquires port in Australia
May 3rd, 2011 - 8:30 pm ICT by IANS
Ahmedabad, May 3 (IANS) Mundra Port and Special Economic Zone Ltd (MPSEZL), the port arm of Adani Group's flagship company Adani Enterprises Ltd (AEL), Tuesday announced its acquisition of a ... Read more...
Posted in Business |
Companies asked to adopt corporate environmental policy
April 28th, 2011 - 7:56 pm ICT by IANS
New Delhi, April 28 (IANS) The environment ministry Thursday asked all major public sector undertakings (PSUs) and private companies to adopt a comprehensive corporate environmental policy (CEP).The ministry, in its ... Read more...
Posted in Business |
Oil marketing companies face Rs.2 lakh crore debt burden
April 21st, 2011 - 12:01 am ICT by IANS
Gandhinagar, April 20 (IANS) Oil marketing companies (OMCs) in India face a debt burden of Rs.2 lakh crore in 2011-12 due to under-recoveries with global crude prices touching $120 a ... Read more...
Posted in Business |
Ennore Port’s three new terminals go on stream
January 28th, 2011 - 8:20 pm ICT by IANS
Chennai, Jan 28 (IANS) Three new terminals - for coal, iron ore and cars - went on stream at Ennore Port here Friday.Speaking at the function, union Shipping Minister G.K. Vasan, stressed ... Read more...
Posted in Business |
Chennai Port capacity to be expanded with Rs.100 billion
January 19th, 2011 - 7:33 pm ICT by IANS
Chennai, Jan 19 (IANS) Twenty-nine projects involving an outlay of around Rs.100 billion (around $2 billion) would be implemented in a phased manner to expand the capacity of Chennai Port, union Shipping ... Read more...
Posted in Business |
Tata Steel hopes to save Rs.100 using Dhamra port
January 18th, 2011 - 7:42 pm ICT by IANS
Chennai, Jan 18 (IANS) Tata Steel Ltd is confident of saving at least Rs.100 crore annually once the Dhamra port in Orissa is fully operational, a company official said here Tuesday."We will ... Read more...
Posted in Business |
Binani Cement, Gujarat government sign MoU worth Rs.42 bn
January 13th, 2011 - 9:47 pm ICT by IANS
Gandhinagar, Jan 13 (IANS) Binani Cement Thursday said it has signed an agreement worth Rs.4,200 crore (Rs.42 billion) with the Gujarat government to set up a 610 megawatt power plant, a cement ... Read more...
Posted in Business |
Indian artists recreate colours of Mauritius
October 30th, 2010 - 5:41 pm ICT by IANS
New Delhi, Oct 30 (IANS) The sunny beaches of Mauritius formed the creative playground for a group of Indian artists during a recent tourism and art promotion campaign in the island nation. ... Read more...
Posted in Uncategorized |
JSPL to invest Rs.one lakh crore in Orissa
July 12th, 2010 - 8:40 pm ICT by IANS
Bhubaneswar, July 12 (IANS) Jindal Steel and Power Ltd (JSPL) has planned to invest about Rs.one lakh crore in next 10 years for its projects in Orissa, Managing Director Naveen Jindal said ... Read more...
Posted in Business |
OMCs to invest Rs.1,500 crore for LPG supply in Karnataka
July 2nd, 2010 - 8:12 pm ICT by IANS
Bangalore, July 2 (IANS) State-run oil marketing firms will invest Rs.1,500 crore in Karnataka to increase the coverage of cooking gas supply across the state, a top official said Friday.
"As part ... Read more...
Posted in Business |
Karnataka reaps bonanza at global investors meet (Roundup)
June 5th, 2010 - 12:04 am ICT by IANS
Bangalore, June 4 (IANS) Karnataka concluded the Global Investors Meet (GIM 2010) late Friday on a high note, with investments worth Rs.4 trillion (about $.85 billion) flowing in for about 400 ... Read more...
Posted in Business |
Chennai Petroleum plans 9 million tonne refinery
May 18th, 2010 - 8:28 pm ICT by IANS
Chennai, May 18 (IANS) City-based refinery Chennai Petroleum Corporation Ltd (CPCL) is planning to set up a 9 million tonne per annum (mtpa) plant to increase capacity to around 18 mtpa by ... Read more...
Posted in Business |
Jayshree Chemicals plans power projects
March 15th, 2010 - 7:26 pm ICT by IANS
Kolkata, March 15 (IANS) S.K. Bangur Group company Jayshree Chemicals Limited is planning to set up three hydro power projects for Rs.220 crore in Gajapati district of Orissa, a top company official ... Read more...
Posted in Business |
Indian firm ties up with Malaysia to build 10 MTPA refinery
January 22nd, 2010 - 7:57 pm ICT by IANS
Chennai, Jan 22 (IANS) City-based SVS Engineering group, which is scouting for investors for the proposed $4 billion petroleum refinery (annual capacity 10 million tonnes) at Perak in Malaysia, signed an agreement ... Read more...
Posted in Business |
Paradip Port to have iron ore terminal
July 1st, 2009 - 4:20 pm ICT by ANI
New Delhi, July 1 (ANI): An agreement has been signed between Paradip Port Trust and Blue Water Iron Ore Terminal Pvt. Ltd for construction of a deep draught iron ore terminal.K. Raghuramaiah, ... Read more...
Posted in National |
Indian Oil to raise refining capacity by 30 percent
June 30th, 2009 - 10:36 pm ICT by IANS
New Delhi, June 30 (IANS) India's largest state-run refiner, Indian Oil Corp, is planning to ramp up its capacity by over 30 percent in two years with an investment of Rs.60,000 crore ... Read more...
Posted in Business |
Tata Steel’s Jamshedpur plant expansion ‘almost complete’
January 5th, 2009 - 8:46 pm ICT by IANS
Kolkata, Jan 5 (IANS) The capacity expansion work of Tata Steel's Jamshedpur plant in Jharkhand from five million tonnes per annum (mtpa) to seven mtpa is 'almost complete', a top official of ... Read more...
Posted in Uncategorized |
IPI gas pipeline project can be finalised through cooperation: Pranab
November 1st, 2008 - 5:57 pm ICT by ANI
Tehran, Nov 1 (ANI): External Affairs Minister Pranab Mukherjee on Saturday said that New Delhi is working with Islamabad to resolve outstanding issues and insisted that the 7.4-billion dollar Iran-Pakistan-India (IPI) ... Read more...
Posted in National |
Jindal Steel to invest Rs.183 bn on Chhattisgarh unit
August 15th, 2008 - 4:20 pm ICT by IANS
Raipur, Aug 15 (IANS) Jindal Steel and Power Ltd (JSPL) will invest Rs.183 billion in Chhattisgarh to set up a steel unit and a 1,000 MW captive power plant, a company official ... Read more...
Posted in Business |
Baalu reviews performance of the Vishakhapatnam Port trust
June 23rd, 2008 - 10:30 pm ICT by ANI
Vishkhapatnam, June 23 (ANI): Union Minister of Shipping, Road Transport and Highways Thiru. T. R. Baalu here today disclosed at a review meeting that the Visakhapatnam Port Trust (VPT) handled 64.6 ... Read more...
Posted in Life Style |
Hindustan Zinc to become world’s largest integrated zinc-lead producer
April 24th, 2008 - 10:49 pm ICT by admin
Mumbai, Apr 24 (ANI/Business Wire India): Expanding capacity to 1,065,000 tonnes per annum, making Hindustan Zinc Limited the largest integrated zinc-lead producer in the world and achieving stated capacity goal of ... Read more...
Posted in Business |
Land acquired for Tata Steel’s delayed project
March 16th, 2008 - 3:43 pm ICT by admin
Raipur, March 16 (IANS) Long delayed by protests over land acquisition, Tata Steel's 5 million tonne steel plant project in Chhattisgarh's Bastar region is now moving ahead with 1,000 farmers surrendering nearly ... Read more...
Posted in Uncategorized |
Oil PSUs to invest Rs.2.3 tn during 11th plan
March 4th, 2008 - 11:38 pm ICT by admin
New Delhi, March 4 (IANS) The government has approved an investment plan of Rs.2.3 trillion ($57.3 billion) for the state-owned oil and gas companies in the 11th Five-Year Plan (2007-12), minister of ... Read more...
Posted in Business |