Adding trouble for the sector, a lot of manufacturing has moved to Vietnam due to a predictable regulatory environment and better incentives.
Another trade union leader said protests planned on Friday may lead to loss of output as “agitated workers are likely to rally against the stake sale
The lenders can serve a substitution notice to the coal ministry and name a company as the substitute.
The move is crucial to take states like Orissa on board for ensuring smooth passage of the ordinance in Parliament.
A top coal ministry official cited that the steel companies imported 21 MT till October in this fiscal against 37 MT in FY14 and 35 MT in FY13.
Venture likely to produce 3 million tonnes of steel per annum.
Seeks land near Bandar Abbas port; captive access to raw material.
Holders of mining leases or prospecting-cum-mining leases would pay to the NMET a sum equivalent to 2 per cent of the royalty they pay to the Centre.
Bidders would be compelled to bid aggressively to qualify for the financial stage.
September 25, the apex court cancelled allocation of 204 blocks, paving way for the government to auction 101 of these mines.
Coal and power minister Piyush Goyal launched the e-auction portal in New Delhi.
Cabinet nod, guidelines approved, bidding process for 24 blocks begins today.
Both NMDC and the steel ministry have been traditionally opposed to iron ore exports.
The public enterprises selection board (PESB) had selected Bhattacharya a month ago for the job.
Narendra Singh Tomar has told the company that its performance would be judged vis-a-vis its achievements and this target should be incorporated in the MoU.
The company has also decided to set up a 0.768 MT top charged coke oven battery facility at the same location.
Calls for enhanced repayment period, re-financing of ECBs.
The ministry officials attribute the failure of the JV on Posco’s insistence on running the operations and having over 50 per cent stake in the JV company.
Experts say the power should not go to the finance ministry.
Wants domain experts within govt to draw a blueprint.