With rise in iron ore rates, steel companies in India hike prices by Rs 750 a tonne after 4 months

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 & […]

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Inter-state Agri trading via eNAM in 8 Indian states so far: Government of India

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 […]

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India on its way to become world’s number one steel producer by 2030: Steel Minister Singh

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 […]

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Will Odisha house the Rs 150-bn SAIL-ArcelorMittal auto grade steel JV?

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 […]

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Vedanta to save Rs 800 per tonne in long-term bauxite deal with Odisha Mining Corporation

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 […]

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