The Union Cabinet chaired by the Prime Minister Mr Narendra Modi has approved the proposal for introduction of Dam Safety Bill, 2018 in the Parliament.
Union Minister for Road Transport & Highways, Shipping, Water Resources, River Development & Ganga Rejuvenation Mr Nitin Gadkari is holding a two day review of the ongoing National Highways projects at Goa and tomorrow.
ANI news reported that while addressing a press conference in Dahej village Gujarat’s of Bharuch, Union Minister for Petroleum and Natural Gas Dharmendra Pradhan said that if steel sector gets connected to gas, then India will produce quality steel.
Economic Times reported that short term power prices on the exchange rose to INR 4.02 per unit in March 2018 from INR 3.23 per unit in February due to increase in seasonal demand, inadequate availability of coal with the thermal generators and decline in nuclear and hydro power generation
CONSOL Coal Resources LP announced that financial and operating results for the quarter ended March 31, 2018.
Indian steel tycoon and visionary Mr Sajjan Jindal spoke to Pavan Lall of Business Standard on how he sees JSW Steel’s future and the possibility of his company not being the number one steelmaker and why he simply refuses to go in for acquisitions at any price in the ongoing bankruptcy proceedings.
Economic Times reported that rising Indonesian coal production and lower Chinese demand have pulled down Indonesian coal prices by 22% over the last 45 days, a trend that augurs well for plants that import fuel.
Asian Age quoted a top official as saying that after the cancellation of coal mines auction twice, the government is exploring certain relaxations for bidders and plans to put on sale 19 blocks in the current quarter. The government had last year annulled the fifth round of auction on account of poor response from bidders.
Projects under Sagarmala worth INR 8000 billion put in motion, however, mobilization of funding will continue to remain a challenge: Under the Sagarmala project, the government had set ambitious targets under the four pillars – port modernization (including new port development),
Financial Express reported that to cater to the steel industry’s growing appetite for iron ore, state owned miner NMDC has decided to raise production capacity to 67 million tonnes per annum by 2021-22. The company is producing nearly 30 million tonnes of iron ore from three fully mechanised mines two in Chhattisgarh and one in Karnataka its homepage showed.