Karnataka puts ArcelorMittal project on fast track

ArcelorMittal is likely to be the first among 53 steel companies that signed a MoU with the state government a month ago to secure captive iron ore mines in Karnataka. If everything goes as planned by the government, the company could get a mining licence for 521 acres of mines in the ore-rich

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SAIL RSP achieves major savings in lubricants consumption

Steel Authority of India Limited’s Rourkela Steel Plant has achieved INR 1.86 crore savings in consumption of lubricants during 2009-10 through a cost reduction project taken up with the objective of effecting savings in lubricants.

According to RSP sources, the target was to achieve

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ArcelorMittal Uttam JV to set up plant in Maharashtra

ArcelorMittal is going to set up a Greenfield steel plant with Uttam Galva at Sindhudurg in Maharashtra.

The Miglani family which is a co promoter of Uttam Galva along with ArcelorMittal has a 2500 acre land in the coastal region of Sindhudurg.

ArcelorMittal will set up a steel plant

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Rebate removal in China fails to enthuse Indian flat product market

Indian flat steel market has witnessed carnage for the past 2 ½ months. We have been periodically covering this segment exposing in particular the erosion of domestic market by the imported material on one hand abysmal demand on the other.

The Indian mills have been groping in the

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Eredene consortium to build Ennore container terminal

It is reported that Eredene Capital PLC has won a bid in a consortium to build and operate the Container Terminal at Ennore Port. The estimated project cost of the Ennore Container Terminal is GBP 207 million.

Eredene bid for the project in a consortium headed by Spain's port operator,

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