JSPL to enhance Angul plant’s capacity by 2030
In order to enhance Angul plant’s capacity, Jindal Steel and Power (JSPL) has set a target to increase its capacity from 6 mtpa to 20 mtpa in the next 12 years. Navin Jindal, Chairman, JSPL stated that an additional Rs 500 billion will be invested to fulfill the target and promised that the company is all set to embark upon a new journey from 2021.
Commercial coal mining - is it timely?
There is a revolution that is sweeping the energy sector globally and in India. The balance now seems to be conclusively tilting towards renewable energy. And, this development is not entirely due to government subsidies, but because these sources of energy are financially viable on their own.
Tata Steel offers Rs 170-bn bid for Bhushan Power
Tata Steel seems to be emerging the highest bidder for Bhushan Power and Steel. According to sources close to the development, Tata Steel has offered to pay Rs 17000 crore to financial creditors against JSW’s Rs 11,000 crore.
JSW and Tata Steel bid for Bhushan Power on the final day
JSW Steel and Tata Steel bid for Bhushan Power & Steel on the final day for submission of bids. JSW Steel has gained an edge with an offer of Rs 13,000 crore over Tata Steel that has made an offer of Rs 11,500 crore to bid for the debt-laden company.
11th Indian Coal Markets Conference commences
mjunction services limited, a joint venture between Tata steel and SAIL, is hosting the 11th International Coal Markets Conference. The conference seeks to highlight the challenges plaguing the cmjunction services limited,oal industry this year and bring about a resolution for the same.
Coal import from Canada may rise
Import of coking coal from Canada is likely to rise in future keeping pace with the increase in steel-making capacity in India, the Steel Ministry has stated.
Tata Power Solar commissions 3 MW solar plant at Noamundi
With due consideration towards Tata Steel’s initiative to reducing carbon footprint, a 3 MW solar PV power plant has been commissioned at Noamundi - the first in any iron ore mine in the country. The project, covering 19 acres of land, was executed by Tata Power Solar and will help reduce CO2 emission by about 3,000 tonnes p.a.