Saturday, February 4, 2023
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Govt to sign pacts with PLI qualifiers for specialty steel: Official

Qualifiers of PLI scheme for specialty steel will soon sign agreements with the steel ministry to take their investment proposals forward, said an official

RINL in loss due to high raw material cost, lower net sales realisation: Kulaste

RINL has suffered losses in the current financial year due to high raw material cost and lower net sales realisation, among other reasons, said Kulaste

India’s steel output grows by 5% to 10.34 MT in Nov: SteelMint

India's crude steel output rose by about five percent to 10.34 million tonne (MT) in November 2022, said SteelMint India

Govt planning transaction structure for strategic sale of RINL: DIPAM Secretary

The government is working out the transaction structure for the strategic sale of RINL or Vizag Steel, said Tuhin Kanta Pandey, DIPAM Secretary

Special Campaign 2.0: Steel PSUs freed up 37,722 sq feet of space

Steel PSUs have freed up 37,722 square feet of space from the disposal of metallic and non-metallic scrap, paper, e-waste, etc.

JSW Steel aims to attain 50MT capacity by 2030

JSW Steel is aiming to expand its capacity to 50 million tonnes from the existing 27 million tonnes by 2030 and bid for PSUs like RINL and NMDC's steel plant

RINL undertook capacity expansion without environmental clearance, finds CAG

The CAG has said that RINL commenced its expansion programme for raising its capacity from 6.3 to 7.3 MTPA without obtaining environmental clearance

RINL organises brainstorming meeting on ‘Technology Needs Assessment Energy Efficiency with Focus on Steel and other Industries’

RINL-VSP organised a Brainstorming Meeting on “Technology Needs Assessment Energy Efficiency with focus on Steel and other industries” on Saturday

Disinvestment: Decision to privatise RINL in line with new PSE policy, says minister

The government’s decision for disinvestment of RINL is in line with the new PSE Policy, said Minister of State (MoS) for Finance Dr Bhagwat Kishanrao Karad

Budget 2022: Govt makes huge cut in PSU disinvestment target for FY23

Synopsis: Faced with difficulties in meeting the budgeted disinvestment targets for FY22, Finance Minister Nirmala Sitharaman has reduced the target of disinvestment receipts for FY23 to Rs 65,000 crore which is even less than the revised estimate of the receipts for the ongoing financial year at Rs 78,000 crore. The target for the FY22 was Rs 1.75 lakh crore earlier, so, clearly, it is a drastic reduction

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