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.
After being in oblivion for some time, IISCO’s steel plant in Burnpur (West Bengal) saw the light of day after 10,000 people — engineers, workmen and about 100 foreign experts — laboured for the past five months. The plant holds significance because the Indian Iron and Steel Company’s (IISCO) plant at Burnpur is one of […]
For SAIL, sales realisation which stood at Rs 942 crore in December 2014 decreased by 13 per cent against Rs 1,081 crore recorded in the same month in 2013.
SAIL’s board had in December approved setting up of a SPV — Chhattisgarh Mega Steel Limited and the state-run steel maker and NMDC will ink an MoU for executing the project.
Of these 36 coal blocks, only one has been earmarked for steel companies.
Venture likely to produce 3 million tonnes of steel per annum.
Seeks land near Bandar Abbas port; captive access to raw material.
The company has also decided to set up a 0.768 MT top charged coke oven battery facility at the same location.
The government’s disinvestment programme kicked-off last week with the selling of its 5 per cent stake in the steel-maker SAIL.