Wednesday 09 Apr '14The steel industry is reflecting the general sentiments of slowdown in the economy. Persistent weakness in demand from key end-user industries has kept the domestic steel consumption growth
Friday 28 Mar '14State-run Coal India is likely to walk out of a joint venture (JV) for a fertiliser plant in Odisha, putting a question mark on the government's ambitious Rs 8,000-crore programme to revive the Talcher unit of the Fertiliser Corporation of India (FCIL) with investments from cash-rich PSUs.
Thursday 27 Feb '14The mines ministry has asked the finance ministry to roll back the recently imposed 5% export duty on iron ore pellets, saying the move will cripple investments worth Rs 50,000 crore in the domestic pelletisation industry.
Wednesday 26 Feb '14In an attempt to bail Nafed out of a cash crunch, the two financially healthy cooperatives, Iffco and Kribhco, are likely to buy out its two fertiliser units in Rajasthan and Madhya Pradesh.