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India Too Complex to be Under Long Lockdown - Tata Steel MD Mr TV Narendran Mon, 13 Apr 2020 16:30:32 +0800

Tata Steel Chief Executive and Managing Director Mr TV Narendran in an interaction with Ishita Ayan Dutt of Business Standard said that “There should be some easing without compromising on the actions being taken to contain the pandemic. The country is too large and complex to be under complete lockdown for too long without harming economic acti...

Iron Ore Prices In India To Remain Steady On Higher Steel Production - Mr Baijender Kumar Mon, 03 Jun 2019 16:07:55 +0800

NMDC CMD Mr Baijender Kumar discussed with Mr Surya Sarathi Ray of Indian Express on what holds for the company for the current fiscal. Q - Clearly increased prices saved the day for NMDC in 2018-19 as the tonnage was down. What is your assessment on iron ore prices for the current fiscal? A - Compared to international prices, our pr...

Indian steel sector to have good scenario in current & next year - Mr Sushim Banerjee Wed, 17 Apr 2019 16:12:25 +0800

Mr Sushim Banerjee DG INSDAG in his personal capacity wrote that the performance of Indian economy in terms of standard economic parameters like GDP, consumption, investment, per capita income, inflation, current account deficit and fiscal deficit can be termed as reasonably good specifically while comparing with the result sheets of other ...

‘We are geared to bring $2,8bn from minerals’ Wed, 27 Mar 2019 13:23:25 +0800

INTERVIEW: Mthandazo Nyoni FORMER Public Service, Labour and Social Welfare deputy minister Tongai Muzenda (TM) was recently appointed general manager of the Minerals Marketing Corporation of Zimbabwe (MMCZ), a government arm mandated to market the country’s minerals. NewsDay (ND) business reporter Mthandazo Nyoni interviewed Muzenda to ge...

Higher steel consumption in India benefits welding industry Thu, 06 Dec 2018 14:34:48 +0800

Jose P Philip, chairman of Indian Institute of Welding (IIW), said that though India is the second largest producer of steel its per capita consumption is below the global average, higher steel consumption will provide more job opportunities for welders in the country. He said "Almost 90% of the steel consumed in the country through welding proc...

Indian steel demand to grow 10-11% over next 3 years- Dr AS Firoz Mon, 13 Aug 2018 14:46:03 +0800

Joint Plant Committee (JPC) Chief Economist A S Firoz told that demand for steel in India is likely to see an annual growth of 10-11 per cent over the next three years, buoyed by a firming trend in the construction sector, among other factors. He said “Going forward we have the potential of domestic steel demand growing at 10-11 per cent for ano...

JSW Steel plans to invest INR 45,000 crore over 4 years - Mr Sajan Jindal Wed, 25 Jul 2018 16:06:38 +0800

JSW Steel is planning to invest about INR 45,000 crore over a period of four years from FY2017-18 to FY2020-21, to expand steel making capacities, besides modernizing and expanding capacities of its downstream businesses. JSW Steel chairman Sajjan Jindal, while addressing shareholders at the company’s 24th AGM on Tuesday, said “These projects wi...

India aluminium demand picked up in the last four months Thu, 24 May 2018 08:20:33 +0800

The pick up in domestic demand augurs well for the domestic metal industry. Hindalco Industries managing director Mr Satish Pai told FE’s Shubhra Tandon that the outlook looks robust; however, possible dumping of metals into the country due to global trade wars is a matter of concern. Excerpts: Q - What is the outlook for FY19? A - Aluminium de...

JSPL expect to make over 7 million tonnes of steel in FY19 – Mr Naushad A Ansari of JSPL Thu, 29 Mar 2018 17:02:39 +0800

Mr Naushad A Ansari of JSPL discusses how it plans to work towards increasing its production to optimum realisation. He told “Angul capacity today is 5 million tonnes of steel making. Blast furnace is only one of the inputs which goes into making the steel, the other being the DRI. Hence, out of 5 million, we expect that close to about 80 per cent ...

JSPL targeting steel sales of 7.5-8 million tonne in FY19 Thu, 28 Dec 2017 05:41:46 +0800

In an interview to CNBC-TV18, Mr Naushad Akhter Ansari, CEO-Steel Business at JSPL spoke about the oxygen furnace installation at Angul and gave his outlook for the future. Mr Ansari said we expect additional steel volumes of 0.5 million tonne in FY18 from this added capacity at Angul. He further said that we target steel sales of 7.5 million tonne...

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