Page 3 - Steel Ministry

NMDC consolidated net profit jumps 53% to Rs 2,108 crore in Dec quarter

The company had posted a net profit of Rs 1,375 crore during the same quarter a year ago, NMDC said in a BSE filing

Govt to sell up to 10% in SAIL via OFS, may fetch Rs 2,600 crore

On offer are 206.5 million shares, or 5% of company's stock, at a floor price of Rs 64 a share, with option to sell another 5% if issue is oversubscribed

ACC approves restructuring of SAIL's board for greater efficiency

Besides, the board will have non-official directors as per the Companies Act 2013 and 2 government nominee directors as per the DPE (Department of Public Enterprise) policy

Steel plants supplying medical oxygen for Covid-19 treatment: Govt

Stepping up fight against the Covid-19 pandemic, steel companies are supplying medical oxygen from their plants to various hospitals across the country, the steel ministry said on Wednesday

Delhi Metro Phase IV: 0.678 mn tonnes of reinforcement steel to be used

The Union cabinet, in a meeting chaired by PM, had in March last year approved three out of the six corridors of the proposed Phase IV, which will further improve connectivity

India's crude steel production at 6.8 MT in June, says Steel Ministry

The steel sector in India has started showing signs of improvement and in the month of June the country's crude steel production stood at 6.8 million tonne (MT), according to the Ministry of Steel

Budget allocation to steel ministry drops by 49% to Rs 100 crore in FY21

While the Budget estimate was at Rs 241.29 crore for 2019-20, in case of 2018-19 (actual) it was Rs 154.54 crore

New codes likely to take 1,200 steel items out of 'others' category

These new codes will accurately define and classify the imported product

Steel ministry is looking at $70-bn investment in eastern region: Pradhan

Pradhan said the underdeveloped districts in West Bengal, Chhattisgarh, northern Andhra Pradesh, Jharkhand and Odisha have to be taken forward for development of the steel sector

Breakout year? Steel players hope for demand surge, better prices in 2020

Around 85% of the country's coking coal demand is met through imports

Govt allows SAIL to sell 25% of its iron ore from captive mines

The ministry of steel has stated that more than 162 mt of low-grade iron ore are available at mine heads in India

As Steel Min delays supply, govt push to transform Railways goes off track

Railway Ministry wants Sail to make higher grade track for its 'Mission 25 Tonne' initiative which the steel major has been delaying

Steel ministry to give view on economic ties with Asean nations, China

The Regional Comprehensive Economic Partnership (RCEP) is being negotiated by 16 countries, including 10 Asean members

Steel Ministry unveils sports policy, aims to groom Olympic medal hopes

The Maharatna and Navaratna CPSEs will contribute Rs 5 million each every year for the initiative

Good news! Govt announces pension scheme for 152,000 steel PSU employees

The agreement was reached after detailed consultation with SAIL, RINL, MSTC, FSNL, MECON and KIOCL with Steel Minister

Steel ministry proposes to bring royalty, auction money under GST ambit

The steel ministry is preparing a draft proposal on this

Steel ministry to transfer stake in HSCL to housing ministry

In April this year, NBCC acquired HSCL as its subsidiary by holding 51 per cent of the equity shareholding.

Steel Ministry seeks higher supply of coking coal

Government had earlier said that efforts were being made to increase availability of indigenous coking coal in country to reduce the import of fossil fuel

Steel min seeks similar freight for iron ore, coal

The ministry says the iron ore rate is almost 14% more than that for coal

Steel ministry may appeal to Modi over anti-dumping rules

Indian purchases of Chinese steel products rose 5% in the 11 months to February