Coal-Gate: Government sends showcause notices to 32 companies for lack of progress
Written by Sreenivasan Jain | Tuesday May 14, 2013
Even as the CBI investigation into allegations of corruption in the allotment of coal blocks gathers momentum, the Coal Ministry has sent show cause notices to 32 companies for not showing progress on captive coal blocks allotted to them.
JSW steel plant in Bengal is not stalled: Partha Chatterjee
Monday April 29, 2013
Even as Sajjan Jindal, the chairman and managing director of JSW, said that the steel major has put on hold plans to set up its 10 million tonnes steel plant in West Bengal, Industry Minister Partha Chatterjee on Sunday claimed that the project has n...
Parliamentary Panel pitches for policy mechanism on price pooling
Wednesday April 24, 2013
Pitching for pooling the prices of domestic and imported coal, a Parliamentary panel today recommended that a policy mechanism should be worked out on the same.
Cancel all coal field allocations since 1993: parliamentary report
Edited by Mala Das | Tuesday April 23, 2013
The Central Bureau of Investigation (CBI) has, last month, indicted the government for costing the country thousands of crores by allocating coal fields from 2004 to 2009 without checking the financial and other records of private firms who applied f...
BJP supports Samajwadi Party over Beni Prasad Verma issue
Indo-Asian News Service | Wednesday March 20, 2013
Bharatiya Janata Party (BJP) on Wednesday came out in support of Mulayam Singh Yadav, demanding that union Steel Minister Beni Prasad Verma resign over his reported comments against Samajwadi Party supremo.
DMK gone, Mulayam upset. Could Congress have a worse week?
Edited by Sindhu Manjesh | Wednesday March 20, 2013
After meeting with the Prime Minister this afternoon, Union Steel Minister Beni Prasad Verma said that he regrets his remarks on Mulayam Singh Yadav, who is the chief ally of the government and head of the Samajwadi Party. Mr Verma said over the we...
SAIL divestment on March 22, stock hits year's low
Wednesday March 20, 2013
The Empowered Group of Ministers on Disinvestment, headed by Finance Minister P Chidambaram, met and decided on the pricing of the share sale. The base price will be made public only after the close of market on Thursday.
Ministerial panel's meet on SAIL disinvestment postponed amid political developments
Tuesday March 19, 2013
The meeting of Empowered Group of Ministers (EGoM) on disinvestment, headed by Finance Minister P Chidambaram, has been postponed till Wednesday as some ministers, who are part of the EGoM, were not available, sources said.
Rail Budget 2013: Freight rate hike may push up steel prices by up to 8 per cent
Tuesday February 26, 2013
Steel prices may go up by 5-8 per cent from April due to 5.8 per cent increase in rail freight charges on the movement of iron ore as well as finished steel.
Rail Budget 2013: Freight rate hike to cost SAIL Rs 300 crore annually
Tuesday February 26, 2013
State-run Steel Authority of India (SAIL) on Tuesday said it will have to annually bear an additional cost of Rs 300 crore due to the hike in railway freight rates.
French minister threatens trade curbs on ArcelorMittal
Thursday February 14, 2013
France's industry minister said on Wednesday the European Union could extend tariffs on cut-price steel imports, a riposte to ArcelorMittal after the Indian steelmaker vowed to press ahead with plant closures and job cuts.
French minister threatens trade curbs on ArcelorMittal
Reuters | Thursday February 14, 2013
France's industry minister said on Wednesday the European Union could extend tariffs on cut-price steel imports, a riposte to ArcelorMittal after the Indian steelmaker vowed to press ahead with plant closures and job cuts.
Protests and sand, but no steel: POSCO's fading India dream
Sunday February 10, 2013
A few weather-beaten shipping containers, a swathe of sand and a bitterly divided village: that is all South Korea's POSCO has to show seven years after it announced plans for a $12 billion steel mill on a fertile strip in Odisha.
CCEA may take up coal price pooling mechanism today
Tuesday February 5, 2013
The government is expected to soon announce a mechanism for price pooling of coal - blending the cost of domestic fossil fuel with the imported one to offset high price, sources said.
ArcelorMittal workers and police clash outside Belgium PM's house
Associated Press | Saturday January 26, 2013
Some 250 steel workers from Liege's ArcelorMittal plant have scuffled with police outside the prime minister's office, a day after the leading steel and mining company announced it would close seven facilities in eastern Belgium.
