SAIL, Ispat, Essar lower prices
Three domestic steel companies - Steel Authority of India (SAIL), Essar Steel and Ispat Industries- .... |
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Oil slips as margins come under pressure
Oil marketing PSUs like Indian Oil, Bharat Petroleum, Hindustan Petroleum and IBP have all declared .... |
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Energy panel to review ONGC mishap, suggest preventive steps
The high powered Energy coordination Committee (ECC), chaired by PM Manmohan Singh, is likely to mee.... |
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Oil falls after hitting new heigh
OIL prices fell from a record high on Wednesday after a US government report showed near-record crud.... |
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Fuel prices are expected to rise in the next few months
Fuel bill is only set to increase over the next few months as global supply faces a critical situati.... |
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Jindal Steel enhances Orissa plant
Jindal Steel and Power Ltd signed a memorandum of understanding with the Orissa government to set up.... |
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Coal India focus on power generation
Coal India Ltd (CIL) is looking at the prospect of setting up a joint venture power plant in partner.... |
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HPCL to invest Rs 18,000-cr refinery at Vizag
Hindustan Petroleum Corporation (HPCL) plans to invest Rs 18,000-crore for building a 15mt export-or.... |
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Oil prices up
Oil prices scaled higher in Asian trading on Friday. At 9.30am (0130GMT), New Yorks main contract, l.... |
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RIL demerger scheme
RELIANCE INDUSTRIES LTD. has filed the demerger scheme in the Bombay High Court, seeking approval. M.... |
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Oil Product rises up 13%
The Countrys domestic sales of oil products rose 13 per cent in August, the biggest rise in 15 month.... |
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COPPER, ZINC, RADIATE AS STORM BRIGHTENS FUND BUYING
Copper prices sprung around 1.8% on Tuesday on notional fund buying as the market anxiously eyed an.... |
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Hindalco plans expansion by issuing Rs. 2500cr
The Aditya Birla Groups Hindalco Industries declared to raise around Rs. 2500 crore through the issu.... |
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OPEC RESTORES CONFIDENCE ON SUPPLY SECURITY
OPEC has agreed on a deal on Tuesday by reassuring consumer countries about energy supply securit.... |
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OVL VENTURES IN CUBAN BLOCKS
ONGC VIDESH (OVL), the overseas right arm of Oil and Natural Gas Corporation (ONGC), has obtained 30.... |
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1bn hiked by IOC from petro chemical venture
Refining and marketing major IOC grossed $1bn in revenues through new business initiatives in 05 , c.... |
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Price freeze in Lanka hits IOC arm
Srilankan government follows Indias footsteps to deal with high oil prices. In srilanks, retail pri.... |
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Steel production climbs the ladder of success
After months of lower growth the production of steel has picked up pace. IISI (International Iron an.... |
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Steel production climbs the ladder of success
After months of lower growth the production of steel has picked up pace. IISI (International Iron an.... |
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Refineries face LPG deficit
Reliance Industries Ltd. shuts a part of its refinery because of which a short fall in LPG for next.... |
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Bina Refinery gets 15 - year Tax time lag
BPCL faces 15 year tax delay worth Rs 250 crore per year from Madhya Pradesh government for its six.... |
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IOC expands its existing refinery
Indian Oil corporation has asked for more land to expand its existing refinery at Haldia. IOC chairm.... |
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Kochi Refineries Ltd. to be modernized
Koch Refineries will shortly launched a single buoy mooring and shore tank farm for reducing transpo.... |
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Hindalco Industry to invest in aluminum capacity
Rs 12,000 crone to be invested in aluminia capacity and also to set up new facilities by Hindalco In.... |
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Ferro - chrome plant in South Africa to have an investment of 300 crore
Tattoo Steel will initiate construction of its ferro-chrome plant in South Africa in December.Plant .... |
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Drilling for CBM started recently at Moonidh mine
In Jharkhand drilling for coal-bed methane commenced recently IN Jharia coal fields of Bharat Coking.... |
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Sartomer Company released new book on Polyurethane Concepts
Sartometer Company has released Polyurethane Concepts,Volume2 ,a 16-page ,colour,technical booklet w.... |
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Allegheny Technologies to develop Production Capabilities of different alloys
Allegheny has announced an expansion of its premieum-melt nickel-based alloy,super alloy,and special.... |
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Local mining demands fair allocation of iron ore
Mining companies are demanding that they should be treated on par with the steel companies for fair .... |
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NCDEX seeks approval for furnace oil futures
National Commodity and Derivatives has sought permission from the Forward Markets to launch futures .... |
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Oil Prices fall as US demand slows
Oil slid to its lowest level in 2 months on Thursday as US drivers finally eased off the Gas and the.... |
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OVL should remain With ONGC
An oil ministry status paper has called for hiving off OVL ,the overseas arm of ONGC ,for better rea.... |
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Gold scintillates at 20-year high
Real price of gold has declined internationally by 50% since 1983. Yellow metal priced at Rs 6,950 .... |
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Copper prices pass the $4,000 mark on the LME
Copper prices have crossed $ 4,000 tonne mark for cash contracts and look set to cross $3,0000 per t.... |
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Price of the exotic white metal -platinum close to a 25-year peak
Price of exotic white metal -platinum gets a new shine ,that closes in on 25-year high. Prices of al.... |
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Ryerson Ltd to augment steel processing capacity
Tata Ryerson Ltd, a joint venture company of the US recently announced its plan to augment steel pr.... |
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National Aluminium Company Ltd establishes Alumina plant
NALCO has expressed interest in setting up alumina project in Andhra Pradesh Subject to the state c.... |
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Magnum Steel Ltd to establish plant in Chhatisgarh
Construction and Alloy steel maker,Magnum Steel Ltd, plans to set up a Rs 212-crore Greenfield wire .... |
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Castrol India introduced an array of new products
Castrol India has introduced an array of new products based on its new, Liquid Engineering theme. Li.... |
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Suppliers to return to Vietnam for the second International Machine Tools and Pr..
Vendors and suppliers in the networking and precision engineering industries will be returning to .... |
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Cabinets to take decision regarding HZL sell off
With expert opinion against offloading residual stake held by the government in Hindustan Zinc (HZL).... |
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SPEL Semiconductor to collaborate with semiconductor design
SPEL Semiconductor, integrated circuit (IC) assembly and Test Company, plans to enter into semicon.... |
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Ashlin Enterprises introduces Positive displacement sensors
Ashlin Enterprises has launched Positive displacement flow sensors that can be used for applicatio.... |
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Malaysian Palm oil hits 2-month low with fall in US soya oil
Malaysian crude palm oil futures dived a two- month low on Monday, breaking key support as the mar.... |
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Nalco and Hindalco hiked aluminium prices
While domestic steel prices would remain unchanged in December,the non-ferrous metals consumer will .... |
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Metals ranked the apex level on LME
Metals were largely steady during pre-market trading on the London Metal Exchange (LME), pausing af.... |
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HCL to solicit governments stake dilution through public offering
Hindustan Copper (HCL) ,the only integrated copper producer in India, will ask the government to con.... |
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Government to exit Balco by giving up 49%
The government plans to exit Bharat Aluminium Company (Balco) if Sterlite industries, the majority s.... |
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L & T takes ONGCs Rs. 1300-crore offshore project
Larsen & Tourbo Limited (L & T) has secured a Rs. 1300-crore turnkey order from Oil and Natural Gas .... |
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Nalco raises product prices
State-owned aluminium major Nalco was up on Monday after news that the company has raised product pr.... |
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China to have its biggest presence at Stona-06 organised by All India Granites a..
The Indian granite and stone industrys latest love affair is with Middle Kingdom -China.China is goi.... |
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Base metal prices perform well as investors take advantake of brief dip in price..
Base metal prices are performing strongly at the start of the year as investors and consumers have r.... |
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Cabinets approve Eastern Coalfields expansion plan
The Cabinet committee on Economic Affairs (CCEA) today cleared the Rs 700-crore expansion plans of R.... |
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Coal India to set up a joint venture plant in collaboration with NTPC
Coal India is planning to set up a joint venture power plant in agreement with National Thermal Powe.... |
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FFE Minerals India to spread its engineering centre in Chennai
FFE Minerals India, a wholly owned subsidiary of FL Smidth & Co of Denmark,which supplies technolog.... |
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ONGC to supply gas to Torrent
A gas sales agreement has been signed between Oil & Natural Gas Corpn and Torrent Power Generation. .... |
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IOC offers Kuwait stake in two projects
Indian Oil Corpn has offered stake to Kuwait Petroleum Corp in its Panipat petrochemicals plant and .... |
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Indian Smeltings plant goes on stream
Indian Smelting, a CK Birla group company, commissioned its 65 crore 18,000 TPA Sanaswadi plant in P.... |
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Tata steels steel plant in Iran
Tata steel has finalised plans to set up a two million tonnes steel plant in Iran by 2009. The avail.... |
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Bhilai makes thick rails for railways
The Bhilai Steel Plant (BSP) of Steel Authority of India, has developed asymmetric thick-web rails .... |
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ONGC Mittal bags 2 blocks in Nigeria
ONGC Mittal Energy, (OMEL) has bagged two oil blocks - OPL 212 and 209 - in Nigeria. One of the reli.... |
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ICICI in Rs 50-cr equity pact with Andhra Cement
ICICI Bank had finalised a Rs 50-crore equity-cum-debt deal with the GP Goenka Group-promoted Andhra.... |
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NINL, MOIL & BRL to merge with SAIL
The steel ministry has approved the merger of companies like Neelachal Ispat Nigam (NINL), Manganese.... |
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IOC commissions PTA plant at Panipat refinery
On 20 June 2006, Indian Oil Corporation has commissioned the purified terephthalic acid (PTA) plant .... |
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Essar Oil, US firm tie up for CBM exploration
Essar Oil and US-based Gardes Energy Services, has signed a joint venture agreement aimed at usherin.... |
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CCEA approved 10 pc stake sale in Nalco, NLC
On 22 June 2006, The Cabinet Committee on Economic Affairs (CCEA) approved selling of 10 per cent Go.... |
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IOC set to post record refining margin in Q1
Indian Oil Corporation (IOC) is now set to post a record refining margin during the first quarter of.... |
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Tata Steel arms post 93.67 pc increase in combined PAT
Tata Steels subsidiary companies have reported a 93.67 per cent increase in their combined profit af.... |
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GAIL launches service for pipeline emergencies
On 22 June 2006, GAIL (India) launched the emergency response vehicle (ERV) to handle natural gas pi.... |
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ONGC posts record profit
Oil and Natural Gas Corpn reported a highest ever net profit of Rs 14,431 crore for the fiscal 2005-.... |
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CBM-III blocks
The Government has received 54 bids for the 10 Coal Bed Methane (CBM) blocks that it offered for exp.... |
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Copper surplus in Q1: ICSG
In the first quarter of this year, the global refined copper market was in a surplus of 64,000 tonne.... |
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Mining co-operatives
The Ministry has asked Coal India Ltd (CIL) to prepare a plan to promote formation of cooperatives i.... |
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Mittal to set up steel plant in Orissa
The Arcelor-Mittal would set up a 12-million-tonne capacity greenfield steel plant in Orissa. The pr.... |
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OMEL eyeing properties in 21 countries
The ONGC-Mittal combine is looking at buying oil and gas properties in 21 countries, steel baron, Mr.... |
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ONGC, GAIL inks GSA
Oil and Natural Gas Corporation (ONGC) and GAIL (India) have signed a gas supply agreement (GSA) for.... |
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SAIL reported record production in Q1
Steel Authority of India (SAIL) has reported its highest-ever quarterly production of saleable steel.... |
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RINL proposes SEZ
Rashtriya Ispat Nigam (Visakhapatnam Steel Plant) is preparing the blueprint for setting up a specia.... |
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Tinplate declares a dividend of 12.5%
The Tinplate Company of India (TCIL) has declared a dividend of 12.5 per cent on both equity shares .... |
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GAIL in talks with Yemen Govt for project
GAIL (India) is in talks with the Yemen Government for participating in the expansion of a liquefied.... |
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Belgium co Reynaers to set up Pune centre
The Belgium-based Reynaers Aluminium, supplier of high-quality aluminium building solutions, now set.... |
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Essar Steel income up 4.4 pc
Essar Steel, part of the $6-billion Essar group, reported an increase in income by 4.4 per cent in 2.... |
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JSW Steel metal post a higher output in Q1
JSW Steels metal production during the first quarter of 2006-07 was higher, with the production of p.... |
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Orissa forms joint working team for Arcelor-Mittal project
The Orissa Government has constituted a joint working group to facilitate setting up of the proposed.... |
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Adhunik has been allotted iron ore mine
Adhunik Metaliks, of Kolkata-based Adhunik Group, has been allotted an iron ore mine at Kulum in Keo.... |
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Tata Steel Q1 net up 3 pc on volumes
Tata Steel (TSL) has declared a three per cent increase in its net profit for the first quarter ende.... |
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Investment proposals in Orissa
After Reliance Energys announcement on 21 July 2006 on setting up a 12,000 MW power plant at a total.... |
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Jindals to consolidate its stake in JSW Steel
JSW Steel plans to consolidate their holdings in the company to a reasonable comfort level of 50 per.... |
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EIFL plans to invest Rs 854 cr in steel plant
Evergrowing Iron and Finvest (EIFL), based in Tripura, plans to invest Rs 854 crore in Nellipaka vil.... |
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ONGC net rises 24 pc
Oil & Natural Gas Corpn has reported 24 per cent increase in net profit for the first quarter of the.... |
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HPCL net in negative
Hindustan Petroleum Corpn, has posted higher net loss of Rs 607.67 crore for the first quarter of th.... |
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Balco: Govt may return cheque to Sterlite & opt for public issue route
The Government is likely to return the Rs 1,098-crore cheque given by strategic partner Sterlite Ind.... |
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Promoters plans to raise stake in Hindalco
The promoters of Hindalco Industries Ltd plan to raise their shareholding in the non-ferrous metals .... |
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TI not to proceed with Orissa steel project plan
Tube Investments of India, a Murugappa group company, has dropped its plans for an integrated steel .... |
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RINL & Manganese Ore to jointly work on ferro-alloy project
Rashtriya Ispat Nigam (Visakhapatnam Steel Plant) and Manganese Ore India have formed a joint ventur.... |
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Pennar gets Rs 122.4 cr fund from two foreign entities
Pennar Industries has accumulated Rs 122.4 crore in the form of convertible debentures from Two fore.... |
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Asia Pacific Aluminium Conference 2006
12th Annual Conference on Aluminium Die-Casting will be held in Goa, during November 2nd to November.... |
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IOC plans to expand retail chain
IOC is looking at various options in retail, including setting up a special purpose vehicle to furth.... |
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De-merger plan for aluminium divn, Man Ind
Man Industries (India) has approved a proposal to de-merge its aluminium division.The proposed schem.... |
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Kalinganagar plant of Visa Steel to be commissioned by Sept
Visa Steel plans to commission the balance 3 lakh-tonnes per annum capacity coke oven plant at the K.... |
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Goa iron ore exports up 22 pc in Q1
Goa iron ore exports registered an increase of 22 per cent in the first quarter ended June, 2006 wit.... |
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Usha Martin earmarked Rs 1,200 cr to augment capacity
Specialty steel and wire rope manufacturer Usha Martin has outlined an investment of Rs 1,200 crore .... |
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Uranium mining, Pvt players likely
The Centre is planning to outsource uranium exploration work and mining to private players with a vi.... |
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NMDC in jv with Chhattisgarh corpn for new mines
The National Mineral Development Corpn (NMDC) and the Chhattisgarh Mineral Development Corpn (CMDC) .... |
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Offshore engg services, report by Nasscom and Booz Allen Hamilton
According to a study done by the Nasscom and management consulting firm Booz Allen Hamilton, the Ind.... |
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Expansion plan of Ennore Foundries
Ennore Foundries plans to invest Rs.150 crore to set up a unit at Sriperumbudur with a capacity of 5.... |
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POSCO to start work on proposed steel mill by April next.
Korean steel major POSCO plans to start the construction work on its proposed 12-million-tonne capac.... |
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Expansion plans of Tata Ryerson
Tata Ryerson, a 50:50 joint venture of Tata Steel and Ryerson Inc of the US, has firmed up plans to .... |
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MPL embark on Rs 6-cr expansion plans
The Hyderabad-based steel tube and pipe manufacturing company Mahalakshmi Profiles (MPL) has earmark.... |
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ONGC to pay 200 pc final dividend, issue 1:2 bonus in Nov
The company board of ONGC had recommended in July the issuance of bonus shares in the ratio of 1:2. .... |
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ONGC imports LNG
The company is looking to import the first parcel of 90,000 tonnes from Sakhalin -I at its subsidiar.... |
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LUBEASIA: An Exhibition on Lubricants, Greases, Fluids, Raw Materials and Techno..
LUBEASIA: An Exhibition on Lubricants, Greases, Fluids, Raw Materials and TechnologyAn international.... |
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West Bengal to house Jindal Steel Works set up
A 10-million tonne capacity integrated steel plant is to be set up by Jindal Steel Works at Salboni .... |
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A meet on ceramic industry to be hosted in Vizag
A three-day international conference on ceramic industry and science, Ceratec 2007, begins in Andhra.... |
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JSW Steel inks pact with West Bengal Government
Even as the West Bengal Chief Minister, Mr Buddhadeb Bhattacharjee, reiterated his Governments resol.... |
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BPCL signs pact for acquiring Australian block
Bharat Petroleum Corporation Ltd has signed a farm-in agreement for acquiring 20 per cent participat.... |
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JSW Steel plans capacity expansion to 31 million tones
JSW Steel Ltd plans to expand its manufacturing capacity to 31 million tones over the next decade or.... |
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MSTC to Enter Iron Ore and Cement Trade
The Metal Scrap Trading Corporation (MSTC) has recently announced its entry to the iron ore and als.... |
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Joint venture between Tata Steel and SODEMI for Iron Ore in Ivory Coast
The Tata Steel Ltd and the SODEMI have recently entered into a Joint Venture (JV) in order to operat.... |
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Steel price hiked up to Rs 1,500/ tonne by the major companies
The steel purchasers may get a bit worried in the new year as all the major domestic steel manufactu.... |
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BEML Signed JV Agreement For Entering Mining Operation
Bharat Earth Movers Ltd (BEML), one of the major public sector companies, has announced that it has .... |
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FACT And Malabar Cements Signed MoU For Gypsum
The two state-owned companies named the Fertilisers and Chemicals of Travancore (FACT) and state-ow.... |
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Gold Prices On A New Record Height
The prices of Gold has recently reached the record high at Rs 11,840 per 10 gram on Tuesday due to t.... |
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ArcelorMittal Planning For Iron Ore Mines In Orissa and Jharkhand
ArcelorMittal have applied for new iron ore mines in Jharkhand and Orissa. The company is investing .... |
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Oil & Gas Discovered By Jubilant Energy In Cauvery
The subsidiary company of the Jubilant Group named the Jubilant Energy has recently announced that i.... |
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Power Utilities look for centre help to sort out mine development issues
Many power utilities and other agencies which have received coal blocks for captive miningPurpose, h.... |
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CEA Proposes common regulator for coal and power industry
Central electricity Authority has suggested to power Ministry through its presentation for setting u.... |
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The state may opt for 25 MW coal-based power projects
Maharashtra, is exploring the potion of promoting coal-based 25 MW projects across the state. Mahara.... |
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Packaging major Canpack to set up manufacturing plant in Aurangabad
Poland-based packaging major, canpack, which is into manufacturing of aluminum based packaging mater.... |
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New gas discovery by RIL in Mahanadi Basin Block
The company that is considered among the largest industrial organisations of India, the Reliance Ind.... |
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Xindia Steel Building Iron Ore Pellet Plant In Karnataka
The newly formed Joint Venture (JV) company between two of the Chinese steel and minerals companies .... |
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High-Level Chiria Mines Panel Set Up For Judging SAIL-Jharkhand Dispute
The central government of India and the state government in Jharkhand have recently formed a high-le.... |
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R-Power Investing Rs 3,000 Crore for Coal Mines Soon
The giant company in the Indian power segment, the Reliance Power has recently announced that it is .... |
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Tata Power to Acquire another Coal Mine
One of the senior company officials of the Tata Power has recently stated that the company is planni.... |
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