Taking cues from the global market, domestic primary steel producers have raised prices of steel by Rs 750 per tonne from February 1. This is the first hike in domestic steel prices since October. Domestic steel prices were in the range of Rs 42,000-44,000 per tonne depending upon various products. Naveen Jindal-led Jindal Steel & […]
Eight states including Uttar Pradesh are offering inter-state trading via 21 electronic national agricultural market (eNAM) so far in the country, the Agriculture Department said. Under the eNAM, launched in 2016, agri-trading was initially allowed within a mandi and later inter-mandi within a state was permitted. So far, 10 states are offering inter-mandi trade within […]
The eastern state of India, Odisha witnessed a record procurement of non-paddy rabi crops including pulses and oil-seeds this season. So far, 6,100 tonnes of pulses and oil Seeds have already been procured by the Orissa State Co-operative Marketing Federation Ltd (Markfed-Odisha) against 1500 tonnes last year. While nearly 10 days are left for the […]
The pre-monsoon rains have hit Odisha in a big way, two days before the scheduled dates of arrival by the India Meteorological Department (IMD). However, the dry spell has been a matter of grave concern for the agri-nation. It is predicted that end of today, the much awaited and delayed monsoon is likely to advance […]
Gujarat has witnessed a huge fall in sowing in kharif season this year due to delay in monsoon and water scarcity. As per the latest data of the state agriculture department, kharif sowing has reached 2,25,231 hectare as on June 18, which is 74.16 per cent down from 8,71,700 hectare in corresponding period of 2017. […]
India will need to invest around Rs 10 lakh crore to meet the steel production target of 300 million tonne by 2030, steel minister Chaudhary Birender Singh has said recently, a PTI report confirms. Singh along with Petroleum Minister Dharmendra Pradhan was in Odisha at the inauguration of four major facilities at Jindal Steel and […]
The Steel Authority of India Limited (SAIL) has written to the Odisha government, evincing interest to locate the auto grade steel facility in a joint venture with UK-based ArcelorMittal in the state, the Business Standard newspaper reported. Odisha has been home to steel manufacturing units owned by Tatas, Jindals and others. The state with proximity to sea […]
The Odisha government has directed state-run agencies Markfed and Nafed to complete the procurement of pulses and oil seeds by July 4 and to ensure that procurement is made from genuine farmers at the designated centres. The eastern state has set a target to procure 12,520 tonnes of green gram (moong), 4,900 tonnes of black […]
After years of struggle to secure raw material for its Lanjigarh alumina refinery, Vedanta Resources has finally clinched a deal with state-owned Odisha Mining Corporation (OMC) for the supply of bauxite to its beleaguered plant. As a result of this deal, Vedanta will receive 0.8 million tonnes of bauxite from the OMC in the current financial year at a price estimated to be Rs 700 to Rs 800 […]
India’s iron ore production in the current 2017-18 fiscal is expected to reach about 210 million tonne, up 9 percent from the last year, according to estimates shared by the Indian Bureau of Mines (IBM). Last year, the country had produced 192 million tonne of iron ore. The projection of higher production has come as a […]