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STEEL UNITS IN ORISSA
Odisha govt approves 20 mega investment proposals worth Rs 76,612 croreOdisha's government has approved 20 mega investment proposals totaling Rs 76,612 crore, projected to create over 50,000 jobs. These signifi...- JSW Steel keen to acquire assets of Bhushan Group: SourcesIt is in talks with lenders to buy Bhushan's Odisha steel unit, reported Nisha Poddar of ET Now quoting sources.
- JSW Steel in talks to buy Bhushan Steel’s Odisha unit and Orissa SpongeOrissa Sponge had been in the middle of a takeover battle due to its iron ore and coal mine reserves, this is also the reason for JSW Steel...
- Orissa govt to form expert committee for mineral pricing policyOrissa govt will soon set up an expert committee to frame a 'pricing policy' on minerals to enable local steel makers compete with steel co...
- Orissa acts on defaulting sponge units; 90% steel units closedOrissa on Monday served partial closure notice to 26 sponge iron plants in a bid to tighten its noose against "polluting" industries in the...
- Top stainless steel companies like JSL Stainless and Visa Steel may cut outputMore than 300 out of 350 steel units, which were built at a total investment of Rs 2 lakh crore, have already shut down operations.
- Jindal group to invest Rs 1,20,000 crore by 2020 in Orissa, capacity of Angul steel plant to be raisedA lion's share of the investment would be made in the proposed Coal-to-Liquid (CTL) project for which Rs 60,000 crore would be pumped in.
- Big proposals, but Arcelor & Posco spends in Orissa negligibleArcelorMittal and Posco had proposed to invest Rs 91,000 crore for setting up mega steel units in Orissa, but it was negligible even about ...
- Posco project hangs between 'to be' and 'not to be' as environment minister puts halt to forest clearanceThough CM Naveen Patnaik is still hopeful about the 'dream' project pulling through, not many share his optimism given the spate of controv...
- 350 steel units in Orissa on the verge of closure for no access to minesKandoi brushed aside the recent declaration made recently by the state govt to reserve 60% of the ore produced in the state for small & med...
- Bhushan Steel raises $300 mn foreign currency loanSinghal family owned, Bhushan Steel has raised $300 million in foreign currency.
- Bhushan Steel plans to raise $500 mnBhushan Steel has decided to raise funds worth $500 million from the market to finance the company’s greenfield projects.
- Orissa may stop non-serious players from exploiting mineral reservesOrissa may also come up with steps to fend off non-serious players from exploiting its rich mineral reserves.
- Bhushan Steel acquires 9.5% stake in Orissa Sponge Iron & SteelDelhi-based Bhushan Steel has acquired 9.5% stake of cash strapped real estate firm Unitech promoter, Chandra family, in Bhubaneswar-headqu...
- Tata Steel rejigs capex plans as crunch bitesTATA Steel will continue with its Rs 27,000-crore plan to expand capacity at Jamshedpur and build a new plant at Orissa, while it will push...
- POSCO take-off in Orissa hangs in balanceUncertainty looms large over the take-off of steel giant POSCO's Rs 51,000 crore project in Orissa due to inordinate delay in land acquisit...
- Facor to invest Rs 2,500 cr on expansionEnthused by growing demand, metals and mineral company Facor group plans to invest Rs 2,500 crore for setting up a stainless steel plant an...
- AISCO, SCAN Steel tie up for production & marketingDelhi based steel company, AISCO and Orissa based SCAN Steel Group have tied up to undertake production and marketing of Steel TMT Bars und...
- Punjab industries are headed to OrissaOrissa's rich natural resources are now luring the industries in Punjab.
- Belgian co plans Rs 1,100 cr venture in IndiaTo ride on the steel sector boom in the country, multinational Lhoist Belgium has decided on a major investment of Rs Rs 1,100 crore in Ind...
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