mjunction services limited, one of the country’s largest e-commerce companies and a 50:50 joint venture between Steel Authority of India Ltd and Tata Steel, has been appointed by the Directorate General of Hydrocarbons (DGH) to build a platform for e-bidding, e-evaluation of bids, and e-allocation of oil and gas fields.
Private steel major Tata Steel has commissioned a mine air cooling system, first of its kind in the Eastern India, at its Digwadih colliery in Dhanbad district to rescue the miners working in a depth of more than 400 meters.
“If you are in the steel business, you are better off not to feel too excited when the going is good and not be too depressed when times are difficult,” says TV Narendran, managing director of Tata Steel, philosophically.
With over 12,000 locomotives of both electric and diesel types, 50,000 coaches and 2 lakh wagons, plenty of wheel-sets are needed to keep them rolling on Indian Railways’ 65,000-km network of steel rails.
India to be a net exporter of steel this year as finished steel production growth reaches an all-time high in February but domestic consumption remains tepid, broker company Emkay Research said in a report today.