ENGINEERING

Govt initiates safeguard duty investigation on unwrought aluminium imports

April 20, 2016 | Deepak Kumar Sahu

The Indian government on Wednesday initiated a safeguard duty investigation into imports of unwrought aluminium into the country.

Indian state-run firms to launch $1 billion masala bonds

April 20, 2016 | Priyanka

In an attempt to raise resources for India’s ambitious green energy programme, state-run firms, such as NTPC Ltd, Neyveli Lignite Corp. Ltd, Power Finance Corp. Ltd (PFC), Rural Electrification Corp.

Rajasthan to auction copper, gold mines

April 20, 2016 | Deepak Kumar Sahu

As part of its strategy to drum up investments in the state, the Rajasthan government will shortly auction copper and gold mines.

Govt seeks help from Naveen Jindal-promoted JSPL to salvage Talcher fertiliser plant

April 20, 2016 | Deepak Kumar Sahu

In its quest for a suitable coal gasification technology for the Rs9,000-crore Talcher fertiliser plant in Odisha, the central government has requested Naveen Jindal-promoted Jindal Steel and Power Ltd (JSPL) to share its experiences with the processes used at the company’s Angul plant.

Government seeks comments on atomic minerals auction guidelines

April 14, 2016 | Deepak Kumar Sahu

In an attempt to reduce India’s import dependence, the central government is setting the stage for the auction of certain atomic minerals by states. 

Canbank Venture Capital invests in Him Teknoforge, IFCI VC part-exits

April 14, 2016 | Joseph Rai

Canbank Venture Capital Fund Ltd (CVCFL), a subsidiary of state-run Canara Bank Ltd, said it has invested Rs 30 crore ($4.5 million) in auto parts and engineering components maker Him Teknoforge Ltd for a minority stake.

Sundram Fasteners forms UK unit for overseas M&As, sells German arm

April 07, 2016 | Anuradha Verma

Automotive and engineering parts maker Sundram Fastners Ltd said on Thursday it has sold its German subsidiary and created a new unit in the UK as part of a restructuring of its international operations.

India sets up apex committee to help its steel sector

April 07, 2016 | Deepak Kumar Sahu

As part of its strategy to revive the domestic steel industry, the National Democratic Alliance government has constituted a high-level committee of secretaries on steel to suggest measures needed for the sector’s growth.

India to review steel’s minimum import price next week

April 05, 2016 | Deepak Kumar Sahu

As part of its strategy against import of cheap steel products, India will review its decision of imposing a minimum import price (MIP) on steel on 12 April, two months after it was imposed.  

Why is the brewing steel crisis bothering David Cameron and Narendra Modi?

April 05, 2016 | Deepak Kumar Sahu & Saurabh Kumar

Steel has lost its mojo, in turn making everyone including governments uncomfortable. British Prime Minister David Cameron is not ignoring the steel crisis, neither is the Indian government.

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