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.
Union Minister Mr Nitin Gadkari as saying that three dams would be constructed in Uttarakhand to stop unutilised share of India in river waters from flowing to Pakistan. The Minister for Water Resources and Transport said water from the dams would be brought to Haryana through the Yamuna river to overcome shortage and irrigate parched lands in the state.
Union Minister of Road Transport and Highways, Shipping and Water Resources, River Development and Ganga Rejuvenation Shri Nitin Gadkari inaugurated the Inland ferry services in the port city of Vasco in Goa.
ETAuto reported that home-grown automaker Tata Motors formally handed over Tata Starbus Hybrid Electric Bus with Full Low Floor configuration to MMRDA. The Tata Starbus Hybrid Electric Bus runs on dual power, i.e.
Daily Pioneer reported that Coal India Chairman cum CMD, CCL, Mr Gopal Singh, was honoured with ‘Leadership Award’ during the ‘National Power Summit -2018’ held in Hyderabad on February 09.
Reliance Infrastructure Ltd. (RInfra) EPC has received Letters of Award (LOA) from Government of India undertakings for two road projects.