The pact is meant for SAIL’s IISCO Steel Plant (ISP) at Burnpur in West Bengal. This is an outcome of an earlier pact on technical collaboration which the PSU had forged in November last year.
The state-owned SAIL said it has supplied 80 per cent steel required for the construction of Sardar Sarovar Project, which was inaugurated by Prime Minister Narendra Modi on Sunday.
A task force team comprising representatives from both SAIL (Steel Authority of India Ltd.) and ArcelorMittal has been working on detailed due diligence and preliminary feasibility study and all other issues for setting up a joint venture company.
A crisis team was deployed within minutes of the accident to help the workers.
“The 1×250 MW coal-based thermal unit will be set up at Rourkela Power Project on Engineering, Procurement & Construction (EPC) basis,” BHEL said.
Its total income declined to Rs 9,387.55 crore during the said quarter against Rs 11,840.64 crore in the same period last fiscal.
Tata Steel has signed MOUs with the Jharkhand government to upgrade polytechnics and ITIs.
Iran has sought investments of nearly `50,000 crore in infra, including ports, railways, highways.
Twenty contracts valued at Rs 6,600 crore were awarded on two qualified bid basis which was higher than the cost estimates by Rs 578 crore.
In the first stage of the tender process, bidders were required to submit their technical bids on state-run enterprise MSTC’s e-commerce portal.
Sail is already facing prosecution for his role in the export of illegal iron ore. Lad was summoned to the CBI office on Wednesday the afternoon and was subsequently arrested.
ArcelorMittal had signed an MoU with SAIL to set up a steel plant at Dharwad.
The coal ministry has decided to auction Coal India Limited’s (CIL) linkages, which the state-run miner signs with its buyers in the form of fuel supply pacts.
It is learnt that Posco and SAIL are working out to jointly set up a steel project through SPVs in addition to the South Korean firm’s proposed Rs 52,000 crore plant at Jagatsinghpur in Odisha.
The steel ministry is exploring mergers of some of its units so that the companies can have adequate financial wherewithal to upgrade their operational ability.