TATA Motors said that the upcoming Gujarat factory for the Nano will start trial production in the fourth quarter of this financial year.
Mr PM Telang India MD for TATA Motors said that work was on at the new factory site for the Nano at Sanand near Ahmedabad where the company decided to
Sourse: More Info
Friday, November 27, 2009
Surya Roshni eyeing to venture into the real estate sector
Having fared well in the lighting division Surya Roshni Limited has plans to venture into the real estate sector.
Mr Jai Prakash Aggarwal CMD of Surya Roshni Limited maintained that the company had plans for the real estate sector. Although the company had ventured into real estate a few
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Mr Jai Prakash Aggarwal CMD of Surya Roshni Limited maintained that the company had plans for the real estate sector. Although the company had ventured into real estate a few
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JSW appoints AISCO as distributor of JSW TMT PLUS
It is reported that JSW Steel Limited has appointed Aggarwal Iron & Steel Company for Distributor of JSW TMT PLUS as their authorized Project Sale Dealer for Delhi and Haryana.
JSW TMT PLUS TMT bars are made from pure steel and are produce in state-of-the-art plants with Controlled
Sourse: More Info
JSW TMT PLUS TMT bars are made from pure steel and are produce in state-of-the-art plants with Controlled
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INDSPI - SENSEX for domestic steel prices in India
Amidst the currently prevailing volatile and speculative steel price scenario in India, SteelGuru.com has started the much needed barometer to track and measure the price movements on daily basis.
In order to provide an index for steel prices, we call it SENSEX for steel, SteelGuru.com
Sourse: More Info
In order to provide an index for steel prices, we call it SENSEX for steel, SteelGuru.com
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Invitation to use FREE services of world’s largest steel and metals’ portal <a href="http://www.steelguru.com">www.steelguru.com</a>
Dear Sir
We have the privilege to extend an invitation to you to utilize our steel related information services free of cost. Pl visit www.steelguru.com and enter your details to utilize our services.
www.steelguru.com was started in June 2005 and now our web site gets more than 80,000 page hits per day, which makes it the most popular steel portal in English language globally. In addition there are more than 40,000 subscribers spread across 170 countries, who receive STT everyday, making STT largest circulating news letter on steel in the world.
www.steelguru.com is an attempt to make one-of-a-kind place to help individuals and companies in the business of steel and allied materials to do better by utilizing information. We, at Steel Guru, believe that after the age of Information Technology in the earlier years of this decade, now the age of information has come. We also strongly believe in free dissemination of information, unless it is specific in nature and that in coming times users would not pay for information of general nature.
Our effort is centered around steel industry but also covers related fields like raw materials, mining, metals, equipments and logistics etc. We also cover consuming segments like auto, pipelines, infrastructures and shipbuilding etc. General economic indicators and other factors influencing steel business are also covered.
Our team collects news from various sources and edits them to make them easy to read and reader friendly and than post about 150 of them on the website 365 days a year without any break.
Interested users can also submit their basic details by clicking on “New Registration” on our home page for receiving our flagship email newsletter, Steel Trade Today (STT), which is published in 8 versions, absolutely free of charge. Each version has three parts specific news, other news and headlines of balance news with links to website.
1. International
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4. CIS
5. China
6. Stainless and special steels
7. Raw material and mining
8. Metals
www.steelguru.com website has some more features including advance search function, archives, technical information, specifications, glossary and converters etc, which can be accessed by a registered user only. We also partner with industry related events to keep our readers informed about them. In addition, we are selling reports on the industry, most of which are published by other agencies.
For specific information on steel prices, we are running following ventures
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You may like to visit them to know the service parameters.
More info about Steel Guru - We have created a link on the home page “Tips to use steelguru.com services effectively” http://www.steelguru.com/tips and you can browse through the tips as per your requirement. We shall be publishing one TIP every day form now on to keep you abreast with these developments and possibilities.
www.steelguru.com is operated by a team consisting of several steel industry insiders, as well as IT professionals. The entire effort is supported by the Major & Minor Group
Sunday, November 15, 2009
Avantha Power to raise up to INR 1000 crore via IPO
Avantha Power, part of Mr Gautam Thapar promoted Avantha Group, said that it is looking at raising up to INR 1000 crore through an initial public offer in 12 to 18 months.
The report quoted Mr B Hariharan Finance director of Avantha Group as saying that “We still do not have any fixed
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The report quoted Mr B Hariharan Finance director of Avantha Group as saying that “We still do not have any fixed
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Indo and US cooperation in the Field of energy
Dr Steven Chu US Energy Secretary met with Mr Sushilkumar Shinde Union Minister of Power in New Delhi. Both Mr Shinde and Secretary Chu agreed that joint development of new technologies in the field of energy would be of mutual interest.
Amongst the areas identified for cooperation are
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Amongst the areas identified for cooperation are
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ONGC and OIL purposes hike gas price by 33pct
Indian petroleum ministry has proposed a 33% hike in the price of natural gas produced by ONGC and Oil India and gradually increase it to USD 4.20 per mBtu set for gas from the Reliance Industries’ KG-D6 fields.
The ministry has circulated a Cabinet note for raising price of gas under
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The ministry has circulated a Cabinet note for raising price of gas under
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Monday, November 9, 2009
Kardemir results for 9 months
Steel Orbis reported that Turkish integrated long steel producer Kardemir has announced its unaudited consolidated financial results for the Q3 and first 9 months of 2009.
According to the statement from Kardemir, consolidated net loss for the Q3 of the year totaled TRL 24.52 million as compared to a net profit of TRL 94.18 million in Q3 of 2008. On local currency basis, Kardemir's net loss in the given period declined 4.55% compared to the net loss recorded in the Q2 of 2009. In the Q3, Kardemir's sales revenues declined by 36.42% YoY to TRL 201.97 million while a QoQ increase of 2.19% was registered.
On the other hand, in the first 9 months of the current year Kardemir registered a net loss of TRL 71 million compared to a net profit of TRL 224.39 million in the corresponding period of 2008. In the period in question, Kardemir's sales revenues decreased by 29% YoY to TRL 603.94 million.
In the January to September period of 2009, Kardemir produced 471,850 tonne of metallurgical coke down 13.04%, 790,920 tonne of crude steel down 2.13% and 31,556 tonne of pig iron down 8.34% all compared to January to September 2008. Meanwhile, in the first 9 months of 2009, the company's billet output totaled 615,133 tonne increasing by 1.99% while its bloom output amounted to 187,654 tonne decreasing by 8.5% both compared to the corresponding period of 2008.
In the first 9 months of the current year, Kardemir's finished steel output declined by 10.9% YoY to 479,221 tonne with a 70.6% capacity utilization rate. In the period in question, Kardemir's rebar output declined by 1.75% reaching 377,993 tonne while its section production decreased by 50.7% to 53,641 tonne and its rail product output totaled 35,530 tonne down 0.67% all compared to the corresponding period of the previous year.
(Sourced from http://www.steelguru.com/news/index/2009/11/10/MTE5NjI1/Slowdown_signs_-_Japanese_construction_firms_remain_unpaid_for_work_in_Dubai.html)
According to the statement from Kardemir, consolidated net loss for the Q3 of the year totaled TRL 24.52 million as compared to a net profit of TRL 94.18 million in Q3 of 2008. On local currency basis, Kardemir's net loss in the given period declined 4.55% compared to the net loss recorded in the Q2 of 2009. In the Q3, Kardemir's sales revenues declined by 36.42% YoY to TRL 201.97 million while a QoQ increase of 2.19% was registered.
On the other hand, in the first 9 months of the current year Kardemir registered a net loss of TRL 71 million compared to a net profit of TRL 224.39 million in the corresponding period of 2008. In the period in question, Kardemir's sales revenues decreased by 29% YoY to TRL 603.94 million.
In the January to September period of 2009, Kardemir produced 471,850 tonne of metallurgical coke down 13.04%, 790,920 tonne of crude steel down 2.13% and 31,556 tonne of pig iron down 8.34% all compared to January to September 2008. Meanwhile, in the first 9 months of 2009, the company's billet output totaled 615,133 tonne increasing by 1.99% while its bloom output amounted to 187,654 tonne decreasing by 8.5% both compared to the corresponding period of 2008.
In the first 9 months of the current year, Kardemir's finished steel output declined by 10.9% YoY to 479,221 tonne with a 70.6% capacity utilization rate. In the period in question, Kardemir's rebar output declined by 1.75% reaching 377,993 tonne while its section production decreased by 50.7% to 53,641 tonne and its rail product output totaled 35,530 tonne down 0.67% all compared to the corresponding period of the previous year.
(Sourced from http://www.steelguru.com/news/index/2009/11/10/MTE5NjI1/Slowdown_signs_-_Japanese_construction_firms_remain_unpaid_for_work_in_Dubai.html)
Kardemir results for 9 months
Steel Orbis reported that Turkish integrated long steel producer Kardemir has announced its unaudited consolidated financial results for the Q3 and first 9 months of 2009.
According to the statement from Kardemir, consolidated net loss for the Q3 of the year totaled TRL 24.52 million as compared to a net profit of TRL 94.18 million in Q3 of 2008. On local currency basis, Kardemir's net loss in the given period declined 4.55% compared to the net loss recorded in the Q2 of 2009. In the Q3, Kardemir's sales revenues declined by 36.42% YoY to TRL 201.97 million while a QoQ increase of 2.19% was registered.
On the other hand, in the first 9 months of the current year Kardemir registered a net loss of TRL 71 million compared to a net profit of TRL 224.39 million in the corresponding period of 2008. In the period in question, Kardemir's sales revenues decreased by 29% YoY to TRL 603.94 million.
In the January to September period of 2009, Kardemir produced 471,850 tonne of metallurgical coke down 13.04%, 790,920 tonne of crude steel down 2.13% and 31,556 tonne of pig iron down 8.34% all compared to January to September 2008. Meanwhile, in the first 9 months of 2009, the company's billet output totaled 615,133 tonne increasing by 1.99% while its bloom output amounted to 187,654 tonne decreasing by 8.5% both compared to the corresponding period of 2008.
In the first 9 months of the current year, Kardemir's finished steel output declined by 10.9% YoY to 479,221 tonne with a 70.6% capacity utilization rate. In the period in question, Kardemir's rebar output declined by 1.75% reaching 377,993 tonne while its section production decreased by 50.7% to 53,641 tonne and its rail product output totaled 35,530 tonne down 0.67% all compared to the corresponding period of the previous year.
(Sourced from http://www.steelguru.com/news/index/2009/11/10/MTE5NjI1/Slowdown_signs_-_Japanese_construction_firms_remain_unpaid_for_work_in_Dubai.html)
According to the statement from Kardemir, consolidated net loss for the Q3 of the year totaled TRL 24.52 million as compared to a net profit of TRL 94.18 million in Q3 of 2008. On local currency basis, Kardemir's net loss in the given period declined 4.55% compared to the net loss recorded in the Q2 of 2009. In the Q3, Kardemir's sales revenues declined by 36.42% YoY to TRL 201.97 million while a QoQ increase of 2.19% was registered.
On the other hand, in the first 9 months of the current year Kardemir registered a net loss of TRL 71 million compared to a net profit of TRL 224.39 million in the corresponding period of 2008. In the period in question, Kardemir's sales revenues decreased by 29% YoY to TRL 603.94 million.
In the January to September period of 2009, Kardemir produced 471,850 tonne of metallurgical coke down 13.04%, 790,920 tonne of crude steel down 2.13% and 31,556 tonne of pig iron down 8.34% all compared to January to September 2008. Meanwhile, in the first 9 months of 2009, the company's billet output totaled 615,133 tonne increasing by 1.99% while its bloom output amounted to 187,654 tonne decreasing by 8.5% both compared to the corresponding period of 2008.
In the first 9 months of the current year, Kardemir's finished steel output declined by 10.9% YoY to 479,221 tonne with a 70.6% capacity utilization rate. In the period in question, Kardemir's rebar output declined by 1.75% reaching 377,993 tonne while its section production decreased by 50.7% to 53,641 tonne and its rail product output totaled 35,530 tonne down 0.67% all compared to the corresponding period of the previous year.
(Sourced from http://www.steelguru.com/news/index/2009/11/10/MTE5NjI1/Slowdown_signs_-_Japanese_construction_firms_remain_unpaid_for_work_in_Dubai.html)
Slowdown signs - Japanese construction firms remain unpaid for work in Dubai
Arabian Business reported that Japanese construction companies are facing serious debt problems amid issues with being paid for work done in Dubai.
As per report, Mr Seiichi Otsuka the Japanese consul general in Dubai claimed firms are still owed billions of dollars on projects that include
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As per report, Mr Seiichi Otsuka the Japanese consul general in Dubai claimed firms are still owed billions of dollars on projects that include
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LISCO 9 months production updates
Arab Steel reported that the Libyan Iron and Steel Company has achieved increase in production of long products during the first 9 months of 2009 compared to the same period in 2008.
According to data supplied by LISCO, total production of rebars amounted to 447,000 tonnes against 415,000
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According to data supplied by LISCO, total production of rebars amounted to 447,000 tonnes against 415,000
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Thursday, November 5, 2009
Sponge iron price remains flat on Nov 5
Sponge iron
Location Change
Kolkata 0
Raipur 0
Raigarh 0
Rourkela 0
Change is on November 5th as compared to November 4th 2009
Change is in INR per tonne
To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer address bar http://steelprices-india.com/spi_services/terms_of_use_for_registration.html
(Sourced from www.steelprices-india.com)
Location Change
Kolkata 0
Raipur 0
Raigarh 0
Rourkela 0
Change is on November 5th as compared to November 4th 2009
Change is in INR per tonne
To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer address bar http://steelprices-india.com/spi_services/terms_of_use_for_registration.html
(Sourced from www.steelprices-india.com)
GC (HDG) price decreases in Delhi
GC
100Gms
0.40
Location Change
Mumbai 0
Chennai 0
Kolkata -554
Delhi -924
Ludhiana 0
Kanpur -178
Rudrapur 0
Bangalore 0
Change is on November 5th as compared to November 4th 2009
Change is in INR per tonne
To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer address bar http://steelprices-india.com/spi_services/terms_of_use_for_registration.html
(Sourced from www.steelprices-india.com)
100Gms
0.40
Location Change
Mumbai 0
Chennai 0
Kolkata -554
Delhi -924
Ludhiana 0
Kanpur -178
Rudrapur 0
Bangalore 0
Change is on November 5th as compared to November 4th 2009
Change is in INR per tonne
To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer address bar http://steelprices-india.com/spi_services/terms_of_use_for_registration.html
(Sourced from www.steelprices-india.com)
Plate cuttings prices down at Alang
Product Grade Size Change
Ship Scrap Melting Mixed 0
Plate cuttings Rolling 1' -100
Change is on November 5th as compared to November 4th 2009
Change is in INR per tonne
To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer address bar http://steelprices-india.com/spi_services/terms_of_use_for_registration.html
(Sourced from www.steelprices-india.com)
Ship Scrap Melting Mixed 0
Plate cuttings Rolling 1' -100
Change is on November 5th as compared to November 4th 2009
Change is in INR per tonne
To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer address bar http://steelprices-india.com/spi_services/terms_of_use_for_registration.html
(Sourced from www.steelprices-india.com)
Steel melting scrap price increases in Mandi
Melting scrap
80:20
HMS
Location Change
Mumbai -100
Chennai 0
Kolkata 0
Mandi 277
Kandla 0
Kanpur 0
Rudrapur 0
Hyderabad 0
Change is on November 5th as compared to November 4th 2009
Change is in INR per tonne
To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer address bar http://steelprices-india.com/spi_services/terms_of_use_for_registration.html
(Sourced from www.steelprices-india.com)
80:20
HMS
Location Change
Mumbai -100
Chennai 0
Kolkata 0
Mandi 277
Kandla 0
Kanpur 0
Rudrapur 0
Hyderabad 0
Change is on November 5th as compared to November 4th 2009
Change is in INR per tonne
To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer address bar http://steelprices-india.com/spi_services/terms_of_use_for_registration.html
(Sourced from www.steelprices-india.com)
Bangladesh defends beaching method for ship breaking
Lloyds List reported that a Bangladesh governmental official attempted to deny that vessels dismantled using the beaching method was directly harmful to the marine environment.
Mr AKM Shafiqullah former director general of the country’s Department of Shipping said that despite
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Mr AKM Shafiqullah former director general of the country’s Department of Shipping said that despite
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Ashok Leyland rolls out 6011 vehicles in October 2009
Economic Times reported that Ashok Leyland a commercial vehicle manufacturing company based in Chennai has rolled out up to 6011 vehicles in October 2009 up by 66.5% over 3609 in the same month last year.
After a long gap, the company improved production to 5,477 vehicles in September 2009.
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After a long gap, the company improved production to 5,477 vehicles in September 2009.
Sourse: More Info
Directory of Induction Furnace Based Steel Makers in India
In India the using of Mains Frequency Induction Furnaces started from mid sixties and medium frequency imported induction furnaces from mid-seventies but a sudden growth took place from early eighties up to mid nineties when indigenous manufacture of Induction Furnaces commenced.
During
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During
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NHPC Q2 net dips marginally to INR 617 crore
BL reported that Hydro power firm NHPC Ltd has announced a net profit of INR 616.64 crore in the quarter ended September 30th 2009, down by 2.63% over INR 633.31 crore in the September quarter last fiscal.
NHPC in a filing with the Bombay Stock Exchange said that the company’s total
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NHPC in a filing with the Bombay Stock Exchange said that the company’s total
Sourse: More Info
Wednesday, November 4, 2009
HRC prices surge in major places on Nov 3
HRC
Tube
2.5x1250
Location Change
Mumbai 0
Kolkata -185
Delhi 0
Ludhiana -92
Ahmedabad -185
Bangalore 0
Change is on November 3rd as compared to November 2nd 2009
Change is in INR per tonne
Sourse: More Info
Tube
2.5x1250
Location Change
Mumbai 0
Kolkata -185
Delhi 0
Ludhiana -92
Ahmedabad -185
Bangalore 0
Change is on November 3rd as compared to November 2nd 2009
Change is in INR per tonne
Sourse: More Info
Sponge iron price movements on Nov 3
Sponge iron
Location Change
Kolkata 0
Raipur 0
Raigarh 0
Rourkela 0
Change is on November 3rd as compared to November 2nd 2009
Change is in INR per tonne
Sourse: More Info
Location Change
Kolkata 0
Raipur 0
Raigarh 0
Rourkela 0
Change is on November 3rd as compared to November 2nd 2009
Change is in INR per tonne
Sourse: More Info
GC (HDG) price decrease in Rudrapur
GC
100Gms
0.40
Location Change
Mumbai 0
Chennai 0
Kolkata 0
Delhi 0
Ludhiana -92
Kanpur -267
Rudrapur -1155
Bangalore 0
Change is on November 3rd as compared to November 2nd 2009
Change is in INR per tonne
Sourse: More Info
100Gms
0.40
Location Change
Mumbai 0
Chennai 0
Kolkata 0
Delhi 0
Ludhiana -92
Kanpur -267
Rudrapur -1155
Bangalore 0
Change is on November 3rd as compared to November 2nd 2009
Change is in INR per tonne
Sourse: More Info
Plate cuttings prices dip at Alang
Product Grade Size Change
Ship Scrap Melting Mixed 0
Plate cuttings Rolling 1” -100
Change is on November 3rd as compared to November 2nd 2009
Change is in INR per tonne
Sourse: More Info
Ship Scrap Melting Mixed 0
Plate cuttings Rolling 1” -100
Change is on November 3rd as compared to November 2nd 2009
Change is in INR per tonne
Sourse: More Info
Tuesday, November 3, 2009
Patra (Narrow HR strips) price falls in Ludhiana
Patra
Location Change
Delhi 0
Mandi 0
Ludhiana -185
Change is on November 3rd as compared to November 2nd 2009
Change is in INR per tonne
To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer address bar http://steelprices-india.com/spi_services/terms_of_use_for_registration.html
(Sourced from www.steelprices-india.com)
Location Change
Delhi 0
Mandi 0
Ludhiana -185
Change is on November 3rd as compared to November 2nd 2009
Change is in INR per tonne
To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer address bar http://steelprices-india.com/spi_services/terms_of_use_for_registration.html
(Sourced from www.steelprices-india.com)
HRC prices surge in major places on Nov 3
HRC
Tube
2.5x1250
Location Change
Mumbai 0
Kolkata -185
Delhi 0
Ludhiana -92
Ahmedabad -185
Bangalore 0
Change is on November 3rd as compared to November 2nd 2009
Change is in INR per tonne
To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer address bar http://steelprices-india.com/spi_services/terms_of_use_for_registration.html
(Sourced from www.steelprices-india.com)
Tube
2.5x1250
Location Change
Mumbai 0
Kolkata -185
Delhi 0
Ludhiana -92
Ahmedabad -185
Bangalore 0
Change is on November 3rd as compared to November 2nd 2009
Change is in INR per tonne
To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer address bar http://steelprices-india.com/spi_services/terms_of_use_for_registration.html
(Sourced from www.steelprices-india.com)
GC (HDG) price decrease in Rudrapur
GC
100Gms
0.40
Location Change
Mumbai 0
Chennai 0
Kolkata 0
Delhi 0
Ludhiana -92
Kanpur -267
Rudrapur -1155
Bangalore 0
Change is on November 3rd as compared to November 2nd 2009
Change is in INR per tonne
To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer address bar http://steelprices-india.com/spi_services/terms_of_use_for_registration.html
(Sourced from www.steelprices-india.com)
100Gms
0.40
Location Change
Mumbai 0
Chennai 0
Kolkata 0
Delhi 0
Ludhiana -92
Kanpur -267
Rudrapur -1155
Bangalore 0
Change is on November 3rd as compared to November 2nd 2009
Change is in INR per tonne
To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer address bar http://steelprices-india.com/spi_services/terms_of_use_for_registration.html
(Sourced from www.steelprices-india.com)
Plate cuttings prices dip at Alang
Product Grade Size Change
Ship Scrap Melting Mixed 0
Plate cuttings Rolling 1” -100
Change is on November 3rd as compared to November 2nd 2009
Change is in INR per tonne
To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer address bar http://steelprices-india.com/spi_services/terms_of_use_for_registration.html
(Sourced from www.steelprices-india.com)
Ship Scrap Melting Mixed 0
Plate cuttings Rolling 1” -100
Change is on November 3rd as compared to November 2nd 2009
Change is in INR per tonne
To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer address bar http://steelprices-india.com/spi_services/terms_of_use_for_registration.html
(Sourced from www.steelprices-india.com)
Wide steel plate price falls in Kolkata on Nov 3
PLTS
GR B
12-20x2.5
Location Change
Mumbai 0
Chennai 0
Kolkata -370
Delhi 0
Raipur 0
Kanpur -178
Rudrapur 0
Ahmedabad -462
Indore 0
Bangalore 0
Change is on November 3rd as compared to November 2nd 2009
Change is in INR per tonne
To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer address bar http://steelprices-india.com/spi_services/terms_of_use_for_registration.html
(Sourced from www.steelprices-india.com)
GR B
12-20x2.5
Location Change
Mumbai 0
Chennai 0
Kolkata -370
Delhi 0
Raipur 0
Kanpur -178
Rudrapur 0
Ahmedabad -462
Indore 0
Bangalore 0
Change is on November 3rd as compared to November 2nd 2009
Change is in INR per tonne
To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer address bar http://steelprices-india.com/spi_services/terms_of_use_for_registration.html
(Sourced from www.steelprices-india.com)
Steel melting scrap price fall in Hyderabad
Melting scrap
80:20
HMS
Location Change
Mumbai 0
Chennai 0
Kolkata 0
Mandi 0
Kandla 0
Kanpur 0
Rudrapur 0
Hyderabad -100
Change is on November 3rd as compared to November 2nd 2009
Change is in INR per tonne
To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer address bar http://steelprices-india.com/spi_services/terms_of_use_for_registration.html
(Sourced from www.steelprices-india.com)
80:20
HMS
Location Change
Mumbai 0
Chennai 0
Kolkata 0
Mandi 0
Kandla 0
Kanpur 0
Rudrapur 0
Hyderabad -100
Change is on November 3rd as compared to November 2nd 2009
Change is in INR per tonne
To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service. For registration click or copy the link and paste it to your internet explorer address bar http://steelprices-india.com/spi_services/terms_of_use_for_registration.html
(Sourced from www.steelprices-india.com)
Madras Cements to sell stake in arm
Madras Cements Ltd has informed BSE that the board of directors has decided to divest the shares in a wholly owned subsidiary, Madras Sugars Ltd which was incorporated for the purpose of carrying out sugar business.
The paid-up capital of Madras Sugars is INR 1 million
(Sourced from http://www.steelguru.com/news/index/2009/11/04/MTE4Nzk1/Madras_Cements_to_sell_stake_in_arm.html)
The paid-up capital of Madras Sugars is INR 1 million
(Sourced from http://www.steelguru.com/news/index/2009/11/04/MTE4Nzk1/Madras_Cements_to_sell_stake_in_arm.html)
Maersk Line to hike freight rates
Maersk Line has announced a general increase in freight rates effective November 15 in South/Asia/Middle East to Europe trade.
According to a company release, the proposed increase will be USD 100 per TEU and USD 200 per FEU. The release said that “The trading conditions for the
http://www.steelguru.com/news/index/2009/11/04/MTE4Nzk2/Maersk_Line_to_hike_freight_rates.html
According to a company release, the proposed increase will be USD 100 per TEU and USD 200 per FEU. The release said that “The trading conditions for the
http://www.steelguru.com/news/index/2009/11/04/MTE4Nzk2/Maersk_Line_to_hike_freight_rates.html
Sunday, November 1, 2009
Timken India Q2 net down by 38pct
Timken India announced a steep drop in standalone net profit for the quarter ended September 2009. During the quarter, the profit of the company declined 38.49% to INR 91.10 million from INR 148.10 million in the same quarter last year.
Its net sales for the quarter declined by 28.32% to
http://www.steelguru.com/news/index/2009/11/02/MTE4MzU2/Timken_India_Q2_net_down_by_38pct.html
Its net sales for the quarter declined by 28.32% to
http://www.steelguru.com/news/index/2009/11/02/MTE4MzU2/Timken_India_Q2_net_down_by_38pct.html
Saurashtra Cement Q2 net loss up by 25pct
Saurashtra Cement reported a net loss of INR 16.50 crore for the Q2 ended September 30th 2009 up by 25.47 % from a net loss of INR 13.15 crore in the same period previous fiscal.
Saurashtra Cement in a filing to the Bombay Stock Exchange said that its total income declined to INR 70.94 crore in the latest quarter ended September 30 against INR 104.14 crore in the same period last year.
Saurashtra Cement in a filing to the Bombay Stock Exchange said that its total income declined to INR 70.94 crore in the latest quarter ended September 30 against INR 104.14 crore in the same period last year.
Double eco achievement as Bapco project reduces emissions
Bapco’s Process Control & Instrumentation Department has successfully commissioned three advanced process control applications which are helping reduce environmental emissions and conserve energy at its Sitra refinery.
The three applications, implemented recently on process heaters in
http://www.steelguru.com/news/index/2009/11/02/MTE4MzU0/Double_eco_achievement_as_Bapco_project_reduces_emissions.html
The three applications, implemented recently on process heaters in
http://www.steelguru.com/news/index/2009/11/02/MTE4MzU0/Double_eco_achievement_as_Bapco_project_reduces_emissions.html
INR 150 crore products destroyed in IOC fire near Jiapur
According to the initial assessment made by the Indian Oil Corporation, it will lose INR 300 crore due to the major fire at its Jaipur Oil Depot. The fire has slowed down, but it will take another 24 hours to restore normalcy.
At least 15 people died and over 150 injured in the fire
http://www.steelguru.com/news/index/2009/11/02/MTE4MzUz/INR_150_crore_products_destroyed_in_IOC_fire_near_Jiapur.html
At least 15 people died and over 150 injured in the fire
http://www.steelguru.com/news/index/2009/11/02/MTE4MzUz/INR_150_crore_products_destroyed_in_IOC_fire_near_Jiapur.html
Work on Srisailam hydel project restore
BL reported that after hectic restoration works, the power generation in first of seven units of 110 MW each of the Srisailam right bank 500 MW coal based power house located near Vijayawada in AP. The rest of the six units will also get into generation mode within one week each thereafter.
http://www.steelguru.com/news/index/2009/11/02/MTE4MzUy/Work_on_Srisailam_hydel_project_restore.html
http://www.steelguru.com/news/index/2009/11/02/MTE4MzUy/Work_on_Srisailam_hydel_project_restore.html
Work on Bengal to Sikkim broad gauge railway line begins
BL reported that vice president of India laid the foundation stone for the broad gauge railway line between Rangpo in Sikkim and Sevoke of West Bengal at Sikkim Mining Ground triggering dreams of seeing the Indian Railways flag flying at the Nathu La border post.
Dr Hamid Ansari said that
http://www.steelguru.com/news/index/2009/11/02/MTE4MzUx/Work_on_Bengal_to_Sikkim_broad_gauge_railway_line_begins.html
Dr Hamid Ansari said that
http://www.steelguru.com/news/index/2009/11/02/MTE4MzUx/Work_on_Bengal_to_Sikkim_broad_gauge_railway_line_begins.html
Sunil Hi Tech Q2 revenue up by 53pct
Sunil Hi Tech Engineers Ltd one of the leading technology and EPC companies in the power & infrastructure sector continued its profitable growth for the Quarter ended September 30th 2009.
Sunil Hi Tech Engineers for the quarter ended September 30th 2009 posted revenues of INR 200.91 crores
http://www.steelguru.com/news/index/2009/11/02/MTE4MzUw/Sunil_Hi_Tech_Q2_revenue_up_by_53pct.html
Sunil Hi Tech Engineers for the quarter ended September 30th 2009 posted revenues of INR 200.91 crores
http://www.steelguru.com/news/index/2009/11/02/MTE4MzUw/Sunil_Hi_Tech_Q2_revenue_up_by_53pct.html
Saturday, October 24, 2009
Wide plate price remain flat on Oct 23
PLTS
GR B
12-20x2.5
Location Change
Mumbai 0
Chennai 0
Kolkata 0
Delhi 0
Raipur 0
Kanpur 0
Rudrapur 0
Ahmedabad 0
Indore 0
Bangalore 0
Change is on October 23rd as compared to October 22nd 2009
Change is in INR per tonne
To know exact prevailing steel prices in India in 29 locations on daily basis, subscribe to services of www.steelprices-india.com by registering or sending a mail to admin@steelprices-india.com Please note that this is a paid service.
(Sourced from www.steelprices-india.com)
GR B
12-20x2.5
Location Change
Mumbai 0
Chennai 0
Kolkata 0
Delhi 0
Raipur 0
Kanpur 0
Rudrapur 0
Ahmedabad 0
Indore 0
Bangalore 0
Change is on October 23rd as compared to October 22nd 2009
Change is in INR per tonne
To know exact prevailing steel prices in India in 29 locations on daily basis, subscribe to services of www.steelprices-india.com by registering or sending a mail to admin@steelprices-india.com Please note that this is a paid service.
(Sourced from www.steelprices-india.com)
Steel angle prices drop in Ahmedabad on Oct 23
ANGL
GR A
65X6
Location Change
Mumbai 0
Chennai 0
Kolkata 0
Delhi 0
Mandi 0
Raipur 0
Kanpur 0
Rudrapur 0
Ahmedabad -225
Indore 0
Bangalore 0
Change is on October 23rd as compared to October 22nd 2009
Change is in INR per tonne
To know exact prevailing steel prices in India in 29 locations on daily basis, subscribe to services of www.steelprices-india.com by registering or sending a mail to admin@steelprices-india.com Please note that this is a paid service.
(Sourced from www.steelprices-india.com)
GR A
65X6
Location Change
Mumbai 0
Chennai 0
Kolkata 0
Delhi 0
Mandi 0
Raipur 0
Kanpur 0
Rudrapur 0
Ahmedabad -225
Indore 0
Bangalore 0
Change is on October 23rd as compared to October 22nd 2009
Change is in INR per tonne
To know exact prevailing steel prices in India in 29 locations on daily basis, subscribe to services of www.steelprices-india.com by registering or sending a mail to admin@steelprices-india.com Please note that this is a paid service.
(Sourced from www.steelprices-india.com)
Wire rod prices remain flat in major places
WRC
SWR14
5.5/6
Location Change
Chennai 0
Kolkata 0
Delhi 0
Raipur 0
Kanpur 0
Rudrapur 0
Change is on October 23rd as compared to October 22nd 2009
Change is in INR per tonne
To know exact prevailing steel prices in India in 29 locations on daily basis, subscribe to services of www.steelprices-india.com by registering or sending a mail to admin@steelprices-india.com Please note that this is a paid service.
(Sourced from www.steelprices-india.com)
SWR14
5.5/6
Location Change
Chennai 0
Kolkata 0
Delhi 0
Raipur 0
Kanpur 0
Rudrapur 0
Change is on October 23rd as compared to October 22nd 2009
Change is in INR per tonne
To know exact prevailing steel prices in India in 29 locations on daily basis, subscribe to services of www.steelprices-india.com by registering or sending a mail to admin@steelprices-india.com Please note that this is a paid service.
(Sourced from www.steelprices-india.com)
Rebar (TMT) price drop in Rudrapur on Oct 23
TMT
Fe 415
12mm
Location Change
Mumbai 0
Chennai 0
Kolkata 0
Delhi 0
Mandi 0
Kanpur 0
Rudrapur -200
Ahmedabad 0
Hyderabad 0
Indore 0
Bangalore 0
Change is on October 23rd as compared to October 22nd 2009
Change is in INR per tonne
To know exact prevailing steel prices in India in 29 locations on daily basis, subscribe to services of www.steelprices-india.com by registering or sending a mail to admin@steelprices-india.com Please note that this is a paid service.
(Sourced from www.steelprices-india.com)
Fe 415
12mm
Location Change
Mumbai 0
Chennai 0
Kolkata 0
Delhi 0
Mandi 0
Kanpur 0
Rudrapur -200
Ahmedabad 0
Hyderabad 0
Indore 0
Bangalore 0
Change is on October 23rd as compared to October 22nd 2009
Change is in INR per tonne
To know exact prevailing steel prices in India in 29 locations on daily basis, subscribe to services of www.steelprices-india.com by registering or sending a mail to admin@steelprices-india.com Please note that this is a paid service.
(Sourced from www.steelprices-india.com)
CR price movement in India on Oct 23
CR
DSK
0.63
Location Change
Mumbai 0
Chennai 0
Kolkata 0
Delhi -1848
Pune 0
Kanpur 0
Rudrapur -267
Ahmedabad -462
Bangalore 0
Change is on October 23rd as compared to October 22nd 2009
Change is in INR per tonne
To know exact prevailing steel prices in India in 29 locations on daily basis, subscribe to services of www.steelprices-india.com by registering or sending a mail to admin@steelprices-india.com Please note that this is a paid service.
(Sourced from www.steelprices-india.com)
DSK
0.63
Location Change
Mumbai 0
Chennai 0
Kolkata 0
Delhi -1848
Pune 0
Kanpur 0
Rudrapur -267
Ahmedabad -462
Bangalore 0
Change is on October 23rd as compared to October 22nd 2009
Change is in INR per tonne
To know exact prevailing steel prices in India in 29 locations on daily basis, subscribe to services of www.steelprices-india.com by registering or sending a mail to admin@steelprices-india.com Please note that this is a paid service.
(Sourced from www.steelprices-india.com)
Patra (Narrow HR strips) price remains flat on Oct 23
Patra
Location Change
Delhi 0
Mandi 0
Ludhiana 0
Change is on October 23rd as compared to October 22nd 2009
Change is in INR per tonne
To know exact prevailing steel prices in India in 29 locations on daily basis, subscribe to services of www.steelprices-india.com by registering or sending a mail to admin@steelprices-india.com Please note that this is a paid service.
(Sourced from www.steelprices-india.com)
http://www.steelguru.com/news/index/2009/10/24/MTE3NDY3/Patra_%2528Narrow_HR_strips%2529_price_remains_flat_on_Oct_23.html
Location Change
Delhi 0
Mandi 0
Ludhiana 0
Change is on October 23rd as compared to October 22nd 2009
Change is in INR per tonne
To know exact prevailing steel prices in India in 29 locations on daily basis, subscribe to services of www.steelprices-india.com by registering or sending a mail to admin@steelprices-india.com Please note that this is a paid service.
(Sourced from www.steelprices-india.com)
http://www.steelguru.com/news/index/2009/10/24/MTE3NDY3/Patra_%2528Narrow_HR_strips%2529_price_remains_flat_on_Oct_23.html
HRC prices drop in Delhi and Ludhiana on Oct 23
HRC
Tube
2.5x1250
Location Change
Mumbai 0
Kolkata 0
Delhi -1201
Ludhiana -370
Ahmedabad 0
Bangalore 0
Change is on October 23rd as compared to October 22nd 2009
Change is in INR per tonne
To know exact prevailing steel prices in India in 29 locations on daily basis, subscribe to services of www.steelprices-india.com by registering or sending a mail to admin@steelprices-india.com Please note that this is a paid service.
(Sourced from www.steelprices-india.com)
Tube
2.5x1250
Location Change
Mumbai 0
Kolkata 0
Delhi -1201
Ludhiana -370
Ahmedabad 0
Bangalore 0
Change is on October 23rd as compared to October 22nd 2009
Change is in INR per tonne
To know exact prevailing steel prices in India in 29 locations on daily basis, subscribe to services of www.steelprices-india.com by registering or sending a mail to admin@steelprices-india.com Please note that this is a paid service.
(Sourced from www.steelprices-india.com)
Iran intends to engage China and India in oil extraction
RIA Novosti cited Mr Hussein al-Shahristani oil minister of Iraq as saying that oil output at Iraq's 3 giant oil fields will be tripled in the next 6 years to 7 million barrels per day.
The minister said that foreign companies' investment in the West Qurna, az Zubair and Rumeila fields
http://www.steelguru.com/news/index/2009/10/24/MTE3NDgz/Iran_intends_to_engage_China_and_India_in_oil_extraction.html
The minister said that foreign companies' investment in the West Qurna, az Zubair and Rumeila fields
http://www.steelguru.com/news/index/2009/10/24/MTE3NDgz/Iran_intends_to_engage_China_and_India_in_oil_extraction.html
Mr Sudhir Kumar appoints as part time director of NHPC
NHPC Ltd has informed BSE that the ministry of power has appointed Mr Sudhir Kumar joint secretary (Hydel) Ministry of Power, as a part time director on the board of the company with effect from October 21.
(Sourced from http://www.steelguru.com/news/index/2009/10/24/MTE3NDcz/Mr_Sudhir_Kumar_appoints_as_part_time_director_of_NHPC.html
(Sourced from http://www.steelguru.com/news/index/2009/10/24/MTE3NDcz/Mr_Sudhir_Kumar_appoints_as_part_time_director_of_NHPC.html
Aditya Birla group inks pact for INR 1500crore port in Orissa
The Orissa government signed a memorandum of understanding with the Aditya Birla Group for the setting up of INR 1500 crore captive port at Chudamani in Bhadrakh district.
Mr P K Jena commerce and transport secretary and Mr K Muralidharan CEO of ABG signed the papers in the presence of the
http://www.steelguru.com/news/index/2009/10/24/MTE3NDcy/Aditya_Birla_group_inks_pact_for_INR_1500crore_port_in_Orissa.html
Mr P K Jena commerce and transport secretary and Mr K Muralidharan CEO of ABG signed the papers in the presence of the
http://www.steelguru.com/news/index/2009/10/24/MTE3NDcy/Aditya_Birla_group_inks_pact_for_INR_1500crore_port_in_Orissa.html
HCC bags INR 167 crore water supply project in Gujarat
HCC a leading construction, real estate and infrastructure company, has bagged INR 167.67 crore engineering procurement construction contract for the 62.28 kilometer long water supply scheme from Sonaria to Kesaria by Gujarat Water Infrastructure Ltd.
The project that aims to transmit
http://www.steelguru.com/news/index/2009/10/24/MTE3NDcx/HCC_bags_INR_167_crore_water_supply_project_in_Gujarat.html
The project that aims to transmit
http://www.steelguru.com/news/index/2009/10/24/MTE3NDcx/HCC_bags_INR_167_crore_water_supply_project_in_Gujarat.html
Thursday, October 22, 2009
HCC bags water supply project in Gujarat
India's leading engineering and infrastructure Development Company HCC has been awarded INR 1,676.70 million contract for water supply scheme from Kesaria to Sonaria by Gujarat Water Infrastructure. It is an EPC contract for pumped water supply scheme and will be completed in 18 months.
The project aims at transmitting 12,442 million gallons of drinking water drawn from Kesaria to Sonaria through 62 to 28 kilometers long mild steel pipeline from where the enroute rural areas with over 100 villages in Rajula and Una Taluka of Amreli and Junagadh district will be served.
HCC will be responsible for engineering, procurement and construction of all items including civil and associated infrastructure works comprising of supply, installation, testing and commissioning of all electromechanical plant and machinery including pumping station.
HCC will construct two reservoirs, one at Kesaria along with pumping station and second at Veeraval and a 62.28 kilometers pipeline connecting these two reservoirs.
(Sourced from http://www.steelguru.com/news/index/2009/10/23/MTE3MTYx/HCC_bags_water_supply_project_in_Gujarat.html)
The project aims at transmitting 12,442 million gallons of drinking water drawn from Kesaria to Sonaria through 62 to 28 kilometers long mild steel pipeline from where the enroute rural areas with over 100 villages in Rajula and Una Taluka of Amreli and Junagadh district will be served.
HCC will be responsible for engineering, procurement and construction of all items including civil and associated infrastructure works comprising of supply, installation, testing and commissioning of all electromechanical plant and machinery including pumping station.
HCC will construct two reservoirs, one at Kesaria along with pumping station and second at Veeraval and a 62.28 kilometers pipeline connecting these two reservoirs.
(Sourced from http://www.steelguru.com/news/index/2009/10/23/MTE3MTYx/HCC_bags_water_supply_project_in_Gujarat.html)
SAIL reschedules board meeting to Oct 30
Steel Authority of India Limited has announced with reference to the earlier announcement dated October 14th 2009 regarding Q2 results on October 22nd 2009 that due to some unavoidable circumstances the above meeting of the Board of Directors is being deferred and would now be held on October 30th 2009.
(Sourced from http://www.steelguru.com/news/index/2009/10/23/MTE3MTYw/SAIL_reschedules_board_meeting_to_Oct_30.html)
(Sourced from http://www.steelguru.com/news/index/2009/10/23/MTE3MTYw/SAIL_reschedules_board_meeting_to_Oct_30.html)
Chettinad Cement Corp net up by 30pct for September quarter
Chettinad Cement Corporation announced a substantial rise in standalone net profit for the quarter ended September 2009. During the quarter, the profit of the company rose 30.24% to INR 444.90 million from INR 341.60 million in the same quarter previous year.
Net sales for the quarter for the quarter rose 29.94% to INR 3,647.40 million, while total income for the quarter rose 30.25% to INR 3,665.20 million, when compared with the prior year period. It reported earnings of INR 15.08 a share during the quarter, registering 2.63 times growth over previous year period.
During the quarter, the operating margin of the company rose by 596.37 basis points to 41.36% compared with the previous year period. Interest cost increased 77.86% to INR 226.60 million while depreciation cost rose 8.13% to INR 642.50 million over previous year period.
http://www.steelguru.com/news/index/2009/10/23/MTE3MTU5/Chettinad_Cement_Corp_net_up_by_30pct_for_September_quarter.html
Net sales for the quarter for the quarter rose 29.94% to INR 3,647.40 million, while total income for the quarter rose 30.25% to INR 3,665.20 million, when compared with the prior year period. It reported earnings of INR 15.08 a share during the quarter, registering 2.63 times growth over previous year period.
During the quarter, the operating margin of the company rose by 596.37 basis points to 41.36% compared with the previous year period. Interest cost increased 77.86% to INR 226.60 million while depreciation cost rose 8.13% to INR 642.50 million over previous year period.
http://www.steelguru.com/news/index/2009/10/23/MTE3MTU5/Chettinad_Cement_Corp_net_up_by_30pct_for_September_quarter.html
Visakhapatnam Port shortlists bidders for coal handling project
It is reported that the Visakhapatnam Port Trust has reportedly shortlisted five consortiums and one firm for the proposed mechanization of coal handling facilities and upgradation of general cargo berths at its outer harbour to cater to 200,000 deadweight tonnage capacity vessels.
The five
Sourse From: http://www.steelguru.com/news/index/2009/10/23/MTE3MTU4/Visakhapatnam_Port_shortlists_bidders_for_coal_handling_project.html
The five
Sourse From: http://www.steelguru.com/news/index/2009/10/23/MTE3MTU4/Visakhapatnam_Port_shortlists_bidders_for_coal_handling_project.html
Kerala cabinet clears INR 450 crore for Vizhinjam ICTT project
It is reported that the Kerala cabinet is reported to have cleared INR 450 crore for work on the initial phase of the proposed Vizhinjam International Container Transhipment Terminal project.
The Vizhinjam International Seaport Ltd a company floated by the state government to implement the
http://www.steelguru.com/news/index/2009/10/23/MTE3MTU3/Kerala_cabinet_clears_INR_450_crore_for_Vizhinjam_ICTT_project.html
The Vizhinjam International Seaport Ltd a company floated by the state government to implement the
http://www.steelguru.com/news/index/2009/10/23/MTE3MTU3/Kerala_cabinet_clears_INR_450_crore_for_Vizhinjam_ICTT_project.html
Directory of Steel Tube Manufacturers in India
Directory of Steel Tube Manufacturers In India' in India is one of the top sources of information available on a steel tube makers in India. It is one of the most comprehensive and accurate directory of steel tubemakers in India that ever published. This powerful directory is your connection
http://www.steelguru.com/news/index/2009/10/23/MTE3MTU2/Directory_of_Steel_Tube_Manufacturers_in_India.html
http://www.steelguru.com/news/index/2009/10/23/MTE3MTU2/Directory_of_Steel_Tube_Manufacturers_in_India.html
Shipbuilders concentrating on repairs to stay afloat
Exim News Service reported that shipbuilding companies in the country which are in the doldrums now because of the global economic meltdown that has whittled down orders for new buildings have begun to focus on repairs in a big way.
Since new building orders for bigger ships are drying up,
Sourse From: http://www.steelguru.com/news/index/2009/10/23/MTE3MTU1/Shipbuilders_concentrating_on_repairs_to_stay_afloat.html
Since new building orders for bigger ships are drying up,
Sourse From: http://www.steelguru.com/news/index/2009/10/23/MTE3MTU1/Shipbuilders_concentrating_on_repairs_to_stay_afloat.html
SCI ink shipyard MoU with Cochin Shipyard
It is reported that leading Indian shipowner Shipping Corporation of India signed a MoU with Cochin Shipyard for cooperation in the offshore sector. The agreement was signed by S Hajara chairman & MD of SCI and Mr Commodore Jitendran chairman & MD of CSL during the opening session of the
http://www.steelguru.com/news/index/2009/10/23/MTE3MTU0/SCI_ink_shipyard_MoU_with_Cochin_Shipyard.html
http://www.steelguru.com/news/index/2009/10/23/MTE3MTU0/SCI_ink_shipyard_MoU_with_Cochin_Shipyard.html
INDSPI - SENSEX for domestic steel prices in India
Amidst the currently prevailing volatile and speculative steel price scenario in India, SteelGuru.com has started the much needed barometer to track and measure the price movements on daily basis.
In order to provide an index for steel prices, we call it SENSEX for steel, SteelGuru.com
http://www.steelguru.com/news/index/2009/10/23/MTE3MTUz/INDSPI_-_SENSEX_for_domestic_steel_prices_in_India.html
In order to provide an index for steel prices, we call it SENSEX for steel, SteelGuru.com
http://www.steelguru.com/news/index/2009/10/23/MTE3MTUz/INDSPI_-_SENSEX_for_domestic_steel_prices_in_India.html
SCCL to enter into power generation business
TOI reported that Singareni collieries will enter into the field of power generation by setting up a 600 MW coal-based power plant at Jaipur mandal in Adilabad district and Mr K Rosaiah Chief Minister of Andhra Pradesh would soon lay the foundation stone for the project that is scheduled to
http://www.steelguru.com/news/index/2009/10/23/MTE3MTUy/SCCL_to_enter_into_power_generation_business.html
http://www.steelguru.com/news/index/2009/10/23/MTE3MTUy/SCCL_to_enter_into_power_generation_business.html
Wednesday, October 21, 2009
Slowdown signs - DLF may scrap 270 row houses project in Bangalore
DLF is unlikely to go ahead with its decision to develop 270 row houses spread over 38 acre a part of the company’s large development project coming up at Jigani Industrial Area in Bangalore at a proposed investment of INR 300 crore.
The row houses project form a part of the Phase I of the INR 1,000 crore development plan and expected to take off early next year. Each row house is likely to cost between INR 7 million to INR 8 million.
DLF will focus on mid-income homes and commercial complexes with deferment of high-margin launches in luxury homes and retail space.
(Sourced from http://www.steelguru.com/news/index/2009/10/22/MTE2OTg5/Slowdown_signs_-_DLF_may_scrap_270_row_houses_project_in_Bangalore.html)
The row houses project form a part of the Phase I of the INR 1,000 crore development plan and expected to take off early next year. Each row house is likely to cost between INR 7 million to INR 8 million.
DLF will focus on mid-income homes and commercial complexes with deferment of high-margin launches in luxury homes and retail space.
(Sourced from http://www.steelguru.com/news/index/2009/10/22/MTE2OTg5/Slowdown_signs_-_DLF_may_scrap_270_row_houses_project_in_Bangalore.html)
MIDC to develop areas around Delhi Mumbai corridor
Project Today reported that Maharashtra Industrial Development Corporation is planning to develop the area around the proposed Delhi to Mumbai Industrial Corridor. The areas to be developed include Nashik, Pune, Thane, Mumbai and Raigad.
As per report the MIDC has appointed ILFS and Richard Wilson as its consultants for the job. The MIDC is expected to draw out its plan of action after receiving the economic potential study report.
The DMIC will pass through Uttar Pradesh, Delhi, Haryana, Rajasthan, Gujarat and Maharashtra with end terminals at Dadri in Delhi and Jawaharlal Nehru Port Trust.
(Sourced from http://www.steelguru.com/news/index/2009/10/22/MTE2OTg4/MIDC_to_develop_areas_around_Delhi_Mumbai_corridor.html)
As per report the MIDC has appointed ILFS and Richard Wilson as its consultants for the job. The MIDC is expected to draw out its plan of action after receiving the economic potential study report.
The DMIC will pass through Uttar Pradesh, Delhi, Haryana, Rajasthan, Gujarat and Maharashtra with end terminals at Dadri in Delhi and Jawaharlal Nehru Port Trust.
(Sourced from http://www.steelguru.com/news/index/2009/10/22/MTE2OTg4/MIDC_to_develop_areas_around_Delhi_Mumbai_corridor.html)
Indian Railway revenue up by 16pct in 10 days
It is reported that total approximate earnings of Indian Railways on originating basis during the period from October 1st to 10th 2009 were INR 2173.34 crore as compared to INR 1879.01 crore during the same period last year, registering an increase of 15.66%.
The total goods earnings have gone up from INR 1227.14 crore during the period from October 1st to 10th 2008 to INR 1431.58 crore during October 1st to 10th 2009 showing an increase of 16.66%.
Sourse From: http://www.steelguru.com/news/index/2009/10/22/MTE2OTg3/Indian_Railway_revenue_up_by_16pct_in_10_days.html
The total goods earnings have gone up from INR 1227.14 crore during the period from October 1st to 10th 2008 to INR 1431.58 crore during October 1st to 10th 2009 showing an increase of 16.66%.
Sourse From: http://www.steelguru.com/news/index/2009/10/22/MTE2OTg3/Indian_Railway_revenue_up_by_16pct_in_10_days.html
Indiabulls Power IPO likely to be fixed at INR 45
NEW DELHI: The initial public offering of Indiabulls Power which generated huge investor response is likely to be priced at the higher end of the price band at INR 45 a share.
Investment banking sources said that the issue price for the IPO has been decided to be fixed at the upper end of
http://www.steelguru.com/news/index/2009/10/22/MTE2OTg2/Indiabulls_Power_IPO_likely_to_be_fixed_at_INR_45.html
Investment banking sources said that the issue price for the IPO has been decided to be fixed at the upper end of
http://www.steelguru.com/news/index/2009/10/22/MTE2OTg2/Indiabulls_Power_IPO_likely_to_be_fixed_at_INR_45.html
MOL renews long term lease pact for box terminal with Port of Los Angeles
Mr Akimitsu Ashida president of Mitsui OSK Lines Ltd has announced that its wholly owned terminal operator TraPac Inc with headquarters at Los Angeles renewed its long-term lease contract for a container terminal at the Port of Los Angeles.
The new contract was signed on October 15 in the
Sourse From: http://www.steelguru.com/news/index/2009/10/22/MTE2OTg1/MOL_renews_long_term_lease_pact_for_box_terminal_with_Port_of_Los_Angeles.html
The new contract was signed on October 15 in the
Sourse From: http://www.steelguru.com/news/index/2009/10/22/MTE2OTg1/MOL_renews_long_term_lease_pact_for_box_terminal_with_Port_of_Los_Angeles.html
Oil industry safety awards presented for 2008-09
Mr Murli Deora minister of Petroleum & Natural Gas has said that necessary steps would be taken to make Oil Industry Safety Directorate statutory body for the entire upstream and downstream sectors of the oil and gas industry.
Speaking at the Oil Industry Safety Awards presentation ceremony
http://www.steelguru.com/news/index/2009/10/22/MTE2OTg0/Oil_industry_safety_awards_presented_for_2008-09.html
Speaking at the Oil Industry Safety Awards presentation ceremony
http://www.steelguru.com/news/index/2009/10/22/MTE2OTg0/Oil_industry_safety_awards_presented_for_2008-09.html
RIL eying oil refiners in US and Europe
BS reported that Mr Mukesh Ambani after completing the world’s largest oil refining complex at Jamnagar in Gujarat has now set his eyes on owning refining assets in the US and Europe.
His Reliance Industries has initiated preliminary discussions with US based refiners such as Valero
http://www.steelguru.com/news/index/2009/10/22/MTE2OTgz/RIL_eying_oil_refiners_in_US_and_Europe.html
His Reliance Industries has initiated preliminary discussions with US based refiners such as Valero
http://www.steelguru.com/news/index/2009/10/22/MTE2OTgz/RIL_eying_oil_refiners_in_US_and_Europe.html
SCI takes delivery of MR product tanker MT Swarna Kalash
The Shipping Corporation of India on October 10 accepted delivery of a medium range product tanker MT Swarna Kalash. As per report delivery of the vessel was taken by Mr Umesh C Grover director of SCI.
This is the first large commercial vessel acquired by any Indian shipping company from
Sourse From: http://www.steelguru.com/news/index/2009/10/22/MTE2OTgy/SCI_takes_delivery_of_MR_product_tanker_MT_Swarna_Kalash.html
This is the first large commercial vessel acquired by any Indian shipping company from
Sourse From: http://www.steelguru.com/news/index/2009/10/22/MTE2OTgy/SCI_takes_delivery_of_MR_product_tanker_MT_Swarna_Kalash.html
Mangalore SEZ plans petcoke project
Mangalore SEZ which is being developed jointly by Mangalore Refinery and Petrochemicals, Infrastructure Leasing & Financial Services and the Karnataka Government proposes to invest INR 4,000 crore to INR 4,500 crore in converting petcoke into energy and high value chemicals for its potential
http://www.steelguru.com/news/index/2009/10/22/MTE2OTgx/Mangalore_SEZ_plans_petcoke_project.html
http://www.steelguru.com/news/index/2009/10/22/MTE2OTgx/Mangalore_SEZ_plans_petcoke_project.html
Tuesday, October 20, 2009
Listed PSUs may not be exempt from 25pct pub holding proposal
It is reported that government is considering a proposal to increase public holding in listed state owned companies to 25% a move that would result in a host of follow on public offers.
The finance ministry has started the process of drafting rules to increase public holding in the listed companies in which the promoter holds more than 75% stake.
A senior ministry official told a news agency that "It would be explicit...there would be no exception. This would include public sector companies as well.”
The draft will be released soon for public comments. The official said that "The process (to draft rules) has started. The framework would be ready by this year end.”
The government has to amend the Securities Contracts (Regulation) Rules for the purpose. The rules provide for the requirements which have to be met with by public companies for the purpose of getting their securities listed on any stock exchange.
And once the framework is out, a slew of follow on public offers is expected to hit the market as about 180 companies have less than 25% public holding.
Among the leading PSUs where promoter, the government, holding is well above 75% are MMTC, NMDC, Hindustan Copper, Power Grid, NTPC, SAIL, Shipping Corporation, Neyveli Lignite.
Mr Pranab Mukherjee finance minister of India had said the average public float in Indian listed companies is less than 15%. Deep non manipulable markets require larger and diversified public shareholdings. He added that "This requirement should be uniformly applied to the private sector as well as listed public sector companies. I propose to raise, in a phased manner, the threshold for non-promoter public shareholding for all listed companies.”
(Sourced from http://www.steelguru.com/news/index/2009/10/21/MTE2OTkx/Listed_PSUs_may_not_be_exempt_from_25pct_pub_holding_proposal.html)
The finance ministry has started the process of drafting rules to increase public holding in the listed companies in which the promoter holds more than 75% stake.
A senior ministry official told a news agency that "It would be explicit...there would be no exception. This would include public sector companies as well.”
The draft will be released soon for public comments. The official said that "The process (to draft rules) has started. The framework would be ready by this year end.”
The government has to amend the Securities Contracts (Regulation) Rules for the purpose. The rules provide for the requirements which have to be met with by public companies for the purpose of getting their securities listed on any stock exchange.
And once the framework is out, a slew of follow on public offers is expected to hit the market as about 180 companies have less than 25% public holding.
Among the leading PSUs where promoter, the government, holding is well above 75% are MMTC, NMDC, Hindustan Copper, Power Grid, NTPC, SAIL, Shipping Corporation, Neyveli Lignite.
Mr Pranab Mukherjee finance minister of India had said the average public float in Indian listed companies is less than 15%. Deep non manipulable markets require larger and diversified public shareholdings. He added that "This requirement should be uniformly applied to the private sector as well as listed public sector companies. I propose to raise, in a phased manner, the threshold for non-promoter public shareholding for all listed companies.”
(Sourced from http://www.steelguru.com/news/index/2009/10/21/MTE2OTkx/Listed_PSUs_may_not_be_exempt_from_25pct_pub_holding_proposal.html)
Sesa Goa EGM outcomes
Sesa Goa Ltd has informed BSE that the shareholders at the Extra Ordinary General Meeting of the Company held on October 20th 2009 inter alia have unanimously passed two resolutions as set out in the Notice dated September 24th 2009 approving raising of funds upto INR 6000 crores in the form of Foreign Currency Convertible Bonds, Qualified Institutional Placements to Qualified institutional bidders, American depository receipts, Global depository receipts, non convertible debentures, warrants or any other security as per the statutory regulations prevailing at the time when the transaction is entered into, under Sections 81(1A), 293(1)(a) of the Companies Act 1956 and empowering the Board to borrow monies not exceeding INR 6000 crores in terms of Section 293 (1)(d) of the Companies Act 1956.
http://www.steelguru.com/news/index/2009/10/21/MTE2OTkw/Sesa_Goa_EGM_outcomes.html
http://www.steelguru.com/news/index/2009/10/21/MTE2OTkw/Sesa_Goa_EGM_outcomes.html
Indian Railway revenue up by 16pct in 10 days
It is reported that total approximate earnings of Indian Railways on originating basis during the period from October 1st to 10th 2009 were INR 2173.34 crore as compared to INR 1879.01 crore during the same period last year, registering an increase of 15.66%.
The total goods earnings have gone up from INR 1227.14 crore during the period from October 1st to 10th 2008 to INR 1431.58 crore during October 1st to 10th 2009 showing an increase of 16.66%
Sourse From: http://www.steelguru.com/news/index/2009/10/21/MTE2OTg3/Indian_Railway_revenue_up_by_16pct_in_10_days.html
The total goods earnings have gone up from INR 1227.14 crore during the period from October 1st to 10th 2008 to INR 1431.58 crore during October 1st to 10th 2009 showing an increase of 16.66%
Sourse From: http://www.steelguru.com/news/index/2009/10/21/MTE2OTg3/Indian_Railway_revenue_up_by_16pct_in_10_days.html
MIDC to develop areas around Delhi Mumbai corridor
Project Today reported that Maharashtra Industrial Development Corporation is planning to develop the area around the proposed Delhi to Mumbai Industrial Corridor. The areas to be developed include Nashik, Pune, Thane, Mumbai and Raigad.
As per report the MIDC has appointed ILFS and Richard
For More Info Go on : http://www.steelguru.com/news/index/2009/10/21/MTE2OTg4/MIDC_to_develop_areas_around_Delhi_Mumbai_corridor.html
As per report the MIDC has appointed ILFS and Richard
For More Info Go on : http://www.steelguru.com/news/index/2009/10/21/MTE2OTg4/MIDC_to_develop_areas_around_Delhi_Mumbai_corridor.html
Indiabulls Power IPO likely to be fixed at INR 45
NEW DELHI: The initial public offering of Indiabulls Power which generated huge investor response is likely to be priced at the higher end of the price band at INR 45 a share.
Investment banking sources said that the issue price for the IPO has been decided to be fixed at the upper end of
Sourse From: http://www.steelguru.com/news/index/2009/10/21/MTE2OTg2/Indiabulls_Power_IPO_likely_to_be_fixed_at_INR_45.html
Investment banking sources said that the issue price for the IPO has been decided to be fixed at the upper end of
Sourse From: http://www.steelguru.com/news/index/2009/10/21/MTE2OTg2/Indiabulls_Power_IPO_likely_to_be_fixed_at_INR_45.html
MOL renews long term lease pact for box terminal with Port of Los Angeles
Mr Akimitsu Ashida president of Mitsui OSK Lines Ltd has announced that its wholly owned terminal operator TraPac Inc with headquarters at Los Angeles renewed its long-term lease contract for a container terminal at the Port of Los Angeles.
The new contract was signed on October 15 in the
Sourse From: http://www.steelguru.com/news/index/2009/10/21/MTE2OTg1/MOL_renews_long_term_lease_pact_for_box_terminal_with_Port_of_Los_Angeles.html
The new contract was signed on October 15 in the
Sourse From: http://www.steelguru.com/news/index/2009/10/21/MTE2OTg1/MOL_renews_long_term_lease_pact_for_box_terminal_with_Port_of_Los_Angeles.html
Oil industry safety awards presented for 2008-09
Mr Murli Deora minister of Petroleum & Natural Gas has said that necessary steps would be taken to make Oil Industry Safety Directorate statutory body for the entire upstream and downstream sectors of the oil and gas industry.
Speaking at the Oil Industry Safety Awards presentation ceremony
http://www.steelguru.com/news/index/2009/10/21/MTE2OTg0/Oil_industry_safety_awards_presented_for_2008-09.html
Speaking at the Oil Industry Safety Awards presentation ceremony
http://www.steelguru.com/news/index/2009/10/21/MTE2OTg0/Oil_industry_safety_awards_presented_for_2008-09.html
SCI takes delivery of MR product tanker MT Swarna Kalash
The Shipping Corporation of India on October 10 accepted delivery of a medium range product tanker MT Swarna Kalash. As per report delivery of the vessel was taken by Mr Umesh C Grover director of SCI.
This is the first large commercial vessel acquired by any Indian shipping company from China, which has emerged as one of the largest shipbuilding nations. The vessel is the first of SCI’s two MR product tankers which were being constructed at Jinling Shipyard, a shipyard of repute in China.
Orders for these vessels were placed in December 2006 and the second vessel, i.e. Swarna Pushp is scheduled for delivery to SCI in January 2010.
The vessel has a gross tonnage of 29,845 tonnes and deadweight of 47,878 tonnes. It has been classed with LRS and IRS and built to comply with the latest and most stringent international regulations.
This is the first SCI ship which has been assigned a special Green Passport notation a safe and environmentally-sound approach from the building stage to recycling.
(Sourced from www.steelguru.com)
This is the first large commercial vessel acquired by any Indian shipping company from China, which has emerged as one of the largest shipbuilding nations. The vessel is the first of SCI’s two MR product tankers which were being constructed at Jinling Shipyard, a shipyard of repute in China.
Orders for these vessels were placed in December 2006 and the second vessel, i.e. Swarna Pushp is scheduled for delivery to SCI in January 2010.
The vessel has a gross tonnage of 29,845 tonnes and deadweight of 47,878 tonnes. It has been classed with LRS and IRS and built to comply with the latest and most stringent international regulations.
This is the first SCI ship which has been assigned a special Green Passport notation a safe and environmentally-sound approach from the building stage to recycling.
(Sourced from www.steelguru.com)
RIL eying oil refiners in US and Europe
BS reported that Mr Mukesh Ambani after completing the world’s largest oil refining complex at Jamnagar in Gujarat has now set his eyes on owning refining assets in the US and Europe.
His Reliance Industries has initiated preliminary discussions with US based refiners such as Valero
More Info: http://www.steelguru.com/news/index/2009/10/21/MTE2OTgz/RIL_eying_oil_refiners_in_US_and_Europe.html
His Reliance Industries has initiated preliminary discussions with US based refiners such as Valero
More Info: http://www.steelguru.com/news/index/2009/10/21/MTE2OTgz/RIL_eying_oil_refiners_in_US_and_Europe.html
Mangalore SEZ plans petcoke project
Mangalore SEZ which is being developed jointly by Mangalore Refinery and Petrochemicals, Infrastructure Leasing & Financial Services and the Karnataka Government proposes to invest INR 4,000 crore to INR 4,500 crore in converting petcoke into energy and high value chemicals for its potential
http://www.steelguru.com/news/index/2009/10/21/MTE2OTgx/Mangalore_SEZ_plans_petcoke_project.html
http://www.steelguru.com/news/index/2009/10/21/MTE2OTgx/Mangalore_SEZ_plans_petcoke_project.html
Pipavav Shipyard wins USD 111.8 million order
Private sector shipbuilder Pipavav Shipyard said it has bagged a contract worth USD 111.84 million from ONGC for construction and supply of 12 vessels.
Pipavav Shipyard in a filing to the Bombay Stock Exchange said that the company has bagged an order for the construction and supply of 12
http://www.steelguru.com/news/index/2009/10/21/MTE2OTgw/Pipavav_Shipyard_wins_USD_111.8_million_order.html
Pipavav Shipyard in a filing to the Bombay Stock Exchange said that the company has bagged an order for the construction and supply of 12
http://www.steelguru.com/news/index/2009/10/21/MTE2OTgw/Pipavav_Shipyard_wins_USD_111.8_million_order.html
Friday, October 9, 2009
Slowdown signs - Vizag Port cargo handling dips in H1
It is reported that Visakhapatnam port saw a marginal decline in its cargo handling at around 33 million tonne during the first half of the current financial year as compared with last year.
Coking coal declined to 3.6 million tonne in the first half of this year, as against 4.8 million
http://www.steelguru.com/news/index/2009/10/09/MTE1MjY3/Slowdown_signs_-_Vizag_Port_cargo_handling_dips_in_H1.html
Coking coal declined to 3.6 million tonne in the first half of this year, as against 4.8 million
http://www.steelguru.com/news/index/2009/10/09/MTE1MjY3/Slowdown_signs_-_Vizag_Port_cargo_handling_dips_in_H1.html
Agreement signed to bring ShipDecision technology to India
Mr K Chidambaram and Mr RK Mohanty of MC HR Management Pvt Ltd and Mr Albert R Carbone of Stelvio Inc, Montreal Canada announced an agreement which will see Stelvio’s ShipDecision software distributed in India.
Mr Ranjit Mohanty director MC HR Management Pvt Ltd of Chennai India said
http://www.steelguru.com/news/index/2009/10/09/MTE1MjY2/Agreement_signed_to_bring_ShipDecision_technology_to_India.html
Mr Ranjit Mohanty director MC HR Management Pvt Ltd of Chennai India said
http://www.steelguru.com/news/index/2009/10/09/MTE1MjY2/Agreement_signed_to_bring_ShipDecision_technology_to_India.html
Wednesday, October 7, 2009
Patra (Narrow HR steel strips) price surges in Mandi
Patra
Location Change
Delhi 0
Mandi 185
Ludhiana 0
Change is on October 7th as compared to October 6th 2009
Change is in INR per tonne
To know exact prevailing steel prices in India in 29 locations on daily basis, subscribe to services of www.steelprices-india.com by registering or sending a mail to admin@steelprices-india.com Please note that this is a paid service.
(Sourced from www.steelprices-india.com)
Location Change
Delhi 0
Mandi 185
Ludhiana 0
Change is on October 7th as compared to October 6th 2009
Change is in INR per tonne
To know exact prevailing steel prices in India in 29 locations on daily basis, subscribe to services of www.steelprices-india.com by registering or sending a mail to admin@steelprices-india.com Please note that this is a paid service.
(Sourced from www.steelprices-india.com)
HRC price declines Bangalore on Oct 7
HRC
Tube
2.5x1250
Location Change
Mumbai 0
Kolkata 0
Delhi 0
Ludhiana 0
Ahmedabad 0
Bangalore -444
Change is on October 7th as compared to October 6th 2009
Change is in INR per tonne
To know exact prevailing steel prices in India in 29 locations on daily basis, subscribe to services of www.steelprices-india.com by registering or sending a mail to admin@steelprices-india.com Please note that this is a paid service.
(Sourced from www.steelprices-india.com)
Tube
2.5x1250
Location Change
Mumbai 0
Kolkata 0
Delhi 0
Ludhiana 0
Ahmedabad 0
Bangalore -444
Change is on October 7th as compared to October 6th 2009
Change is in INR per tonne
To know exact prevailing steel prices in India in 29 locations on daily basis, subscribe to services of www.steelprices-india.com by registering or sending a mail to admin@steelprices-india.com Please note that this is a paid service.
(Sourced from www.steelprices-india.com)
GC (HDG) prices drop in Chennai and Ludhiana
GC
100Gms
0.40
Location Change
Location Change
Mumbai 0
Chennai -1500
Kolkata 0
Delhi 0
Ludhiana -185
Kanpur 0
Rudrapur 0
Change is on October 7th as compared to October 6th 2009
Change is in INR per tonne
To know exact prevailing steel prices in India in 29 locations on daily basis, subscribe to services of www.steelprices-india.com by registering or sending a mail to admin@steelprices-india.com Please note that this is a paid service.
(Sourced from www.steelprices-india.com)
100Gms
0.40
Location Change
Location Change
Mumbai 0
Chennai -1500
Kolkata 0
Delhi 0
Ludhiana -185
Kanpur 0
Rudrapur 0
Change is on October 7th as compared to October 6th 2009
Change is in INR per tonne
To know exact prevailing steel prices in India in 29 locations on daily basis, subscribe to services of www.steelprices-india.com by registering or sending a mail to admin@steelprices-india.com Please note that this is a paid service.
(Sourced from www.steelprices-india.com)
Ship breaking steel scrap price drops by INR 200 at Alang
Product Grade Size Change
Ship Scrap Melting Mixed -200
Plate cuttings Rolling 1" 0
Change is on October 7th as compared to October 6th 2009
Change is in INR per tonne
To know exact prevailing steel prices in India in 29 locations on daily basis, subscribe to services of www.steelprices-india.com by registering or sending a mail to admin@steelprices-india.com Please note that this is a paid service.
(Sourced from www.steelprices-india.com)
Ship Scrap Melting Mixed -200
Plate cuttings Rolling 1" 0
Change is on October 7th as compared to October 6th 2009
Change is in INR per tonne
To know exact prevailing steel prices in India in 29 locations on daily basis, subscribe to services of www.steelprices-india.com by registering or sending a mail to admin@steelprices-india.com Please note that this is a paid service.
(Sourced from www.steelprices-india.com)
Pencil ingot price movement in major places on Oct 7
Pencil ingot
Location Change
Mumbai -200
Kolkata -1109
Mandi 46
Raipur -92
Kanpur 0
Rudrapur 0
Ahmedabad 0
Ghaziabad 100
Muzzafarnagar 0
Hyderabad 0
Raigarh 0
Durgapur -92
Nagpur -92
Jamshedpur -185
Jaipur 100
Rourkela 0
Bhiwari 0
Change is on October 7th as compared to October 6th 2009
Change is in INR per tonne
To know exact prevailing steel prices in India in 29 locations on daily basis, subscribe to services of www.steelprices-india.com by registering or sending a mail to admin@steelprices-india.com Please note that this is a paid service.
(Sourced from www.steelprices-india.com)
Location Change
Mumbai -200
Kolkata -1109
Mandi 46
Raipur -92
Kanpur 0
Rudrapur 0
Ahmedabad 0
Ghaziabad 100
Muzzafarnagar 0
Hyderabad 0
Raigarh 0
Durgapur -92
Nagpur -92
Jamshedpur -185
Jaipur 100
Rourkela 0
Bhiwari 0
Change is on October 7th as compared to October 6th 2009
Change is in INR per tonne
To know exact prevailing steel prices in India in 29 locations on daily basis, subscribe to services of www.steelprices-india.com by registering or sending a mail to admin@steelprices-india.com Please note that this is a paid service.
(Sourced from www.steelprices-india.com)
Era Infra wins contracts worth INR 146.79 crores
Era Infra Engineering Ltd has announced that the Company has secured two contracts worth INR 1467.987 million.
The company has secured an order for construction of Soochna Bhawan, Phase-V at CGO Complex, Lodhi Road, New Delhi by Prasar Bharti valuing INR 488.773 million
The other contract is for structural Work for setting up Basic Oxygen Furnace & Continuous Casting Shop at Bhilai Steel Plant, Bhilai Chhattisgarh by Steel Authority of India Ltd valuing INR 979.214 million.
http://www.steelguru.com/news/index/2009/10/08/MTE1MTE0/Era_Infra_wins_contracts_worth_INR_146.79_crores.html
The company has secured an order for construction of Soochna Bhawan, Phase-V at CGO Complex, Lodhi Road, New Delhi by Prasar Bharti valuing INR 488.773 million
The other contract is for structural Work for setting up Basic Oxygen Furnace & Continuous Casting Shop at Bhilai Steel Plant, Bhilai Chhattisgarh by Steel Authority of India Ltd valuing INR 979.214 million.
http://www.steelguru.com/news/index/2009/10/08/MTE1MTE0/Era_Infra_wins_contracts_worth_INR_146.79_crores.html
Indian Railway revenue earnings up by 6.65pct during April to September
The total approximate earnings of Indian Railways on originating basis during April 1st to September 30th 2009 were INR 40910.49 crore as compared to INR 38358.16 crore during the same period last year registering an increase of 6.65%.
As per report the total goods earnings have gone up from INR 26106.68 crore April 1st to September 30th 2008 to INR 27631.32 crore during April 1st to September 30th an increase of 5.84%.
The total passenger revenue earnings during first six months of the financial year 2009-10 were INR 11573.91 crore as compared to INR 10755.10 crore during the same period last year registering an increase of 7.61%.
The revenue earnings from other coaching amounted to INR 1115.81 crore during April-September 2009 as compared to INR 956.97 crore during the same period last year, an increase of 16.60%.
The total approximate numbers of passengers booked during April to September 2009 were 3685.03 million as compared to 3526.31 million during the same period last year showing an increase of 4.50%. In the suburban and non-suburban sectors, the numbers of passengers booked during April-September 2009 were 1888.51 million and 1796.52 million compared to 1879.87 million and 1646.44 million during the same period last year, an increase of 0.46% and 9.12% respectively.
http://www.steelguru.com/news/index/2009/10/08/MTE1MTEz/Indian_Railway_revenue_earnings_up_by_6.65pct_during_April_to_September.html
As per report the total goods earnings have gone up from INR 26106.68 crore April 1st to September 30th 2008 to INR 27631.32 crore during April 1st to September 30th an increase of 5.84%.
The total passenger revenue earnings during first six months of the financial year 2009-10 were INR 11573.91 crore as compared to INR 10755.10 crore during the same period last year registering an increase of 7.61%.
The revenue earnings from other coaching amounted to INR 1115.81 crore during April-September 2009 as compared to INR 956.97 crore during the same period last year, an increase of 16.60%.
The total approximate numbers of passengers booked during April to September 2009 were 3685.03 million as compared to 3526.31 million during the same period last year showing an increase of 4.50%. In the suburban and non-suburban sectors, the numbers of passengers booked during April-September 2009 were 1888.51 million and 1796.52 million compared to 1879.87 million and 1646.44 million during the same period last year, an increase of 0.46% and 9.12% respectively.
http://www.steelguru.com/news/index/2009/10/08/MTE1MTEz/Indian_Railway_revenue_earnings_up_by_6.65pct_during_April_to_September.html
Kamdhenu Ispat foray into drinking water business
Kamdhenu Ispat Ltd has informed BSE that the Company launched the packaged drinking water under its franchisee business model.
The franchisee units will produce packaged drinking water under the norms and specification of Kamdhenu Ispat Ltd and market the same under the trade name Kamdhenu
http://www.steelguru.com/news/index/2009/10/08/MTE1MTIz/Kamdhenu_Ispat_foray_into_drinking_water_business.html
The franchisee units will produce packaged drinking water under the norms and specification of Kamdhenu Ispat Ltd and market the same under the trade name Kamdhenu
http://www.steelguru.com/news/index/2009/10/08/MTE1MTIz/Kamdhenu_Ispat_foray_into_drinking_water_business.html
Floods may delay expected rise in cement price - Mr Reddy
It is reported that the adverse impact of floods may upset the cement industry in Andhra Pradesh by delaying the expected increase in cement prices.
Mr Srikant Reddy executive director of Sagar Cements Ltd told Business Line that “In the recent past, there has been INR 30 to INR 40
More Info: http://www.steelguru.com/news/index/2009/10/08/MTE1MTIw/Floods_may_delay_expected_rise_in_cement_price_-_Mr_Reddy.html
Mr Srikant Reddy executive director of Sagar Cements Ltd told Business Line that “In the recent past, there has been INR 30 to INR 40
More Info: http://www.steelguru.com/news/index/2009/10/08/MTE1MTIw/Floods_may_delay_expected_rise_in_cement_price_-_Mr_Reddy.html
Work on West Bengal auto park to start next fiscal
BL reported that construction work at the proposed 500 acre auto components park at Guptamoni in West Midnapur district of West Bengal is expected to commence in the next financial year.
According to Mr Sumanta Chaudhury CEO of West Bengal Industrial Infrastructure Development Corporation s
Sourse From: http://www.steelguru.com/news/index/2009/10/08/MTE1MTE5/Work_on_West_Bengal_auto_park_to_start_next_fiscal.html
According to Mr Sumanta Chaudhury CEO of West Bengal Industrial Infrastructure Development Corporation s
Sourse From: http://www.steelguru.com/news/index/2009/10/08/MTE1MTE5/Work_on_West_Bengal_auto_park_to_start_next_fiscal.html
HEC sees growth in space, defence and nuclear energy
BL reported that Ranchi based Heavy Engineering Corporation is exploring new business opportunities in sectors such as defense, space, power and nuclear energy.
Giving this information at the company’s 50th annual general meeting held recently, Mr GK Pillai CMD of Heavy Engineering
http://www.steelguru.com/news/index/2009/10/08/MTE1MTE4/HEC_sees_growth_in_space%252C_defence_and_nuclear_energy.html
Giving this information at the company’s 50th annual general meeting held recently, Mr GK Pillai CMD of Heavy Engineering
http://www.steelguru.com/news/index/2009/10/08/MTE1MTE4/HEC_sees_growth_in_space%252C_defence_and_nuclear_energy.html
Tuesday, October 6, 2009
Wide steel plate price falls in Kolkata and Ahmedabad
PLTS
GR B
12-20x2.5
Location Change
Mumbai 0
Chennai 0
Kolkata -277
Delhi 0
Raipur 0
Kanpur 0
Rudrapur 0
Ahmedabad -92
Indore 0
Bangalore 0
Change is on October 6th as compared to October 5th 2009
Change is in INR per tonne
To know exact prevailing steel prices in India in 29 locations on daily basis, subscribe to services of www.steelprices-india.com by registering or sending a mail to admin@steelprices-india.com Please note that this is a paid service.
(Sourced from www.steelprices-india.com)
GR B
12-20x2.5
Location Change
Mumbai 0
Chennai 0
Kolkata -277
Delhi 0
Raipur 0
Kanpur 0
Rudrapur 0
Ahmedabad -92
Indore 0
Bangalore 0
Change is on October 6th as compared to October 5th 2009
Change is in INR per tonne
To know exact prevailing steel prices in India in 29 locations on daily basis, subscribe to services of www.steelprices-india.com by registering or sending a mail to admin@steelprices-india.com Please note that this is a paid service.
(Sourced from www.steelprices-india.com)
Ultratech to consider merger of Samruddhi Cement
Ultratech Cement Ltd has announced that Ultratech Cement Ltd has received a consolidation proposal from Samruddhi Cement Ltd a wholly owned subsidiary of Grasim Industries Ltd.
Grasim has proposed to de merge its cement business to Samruddhi pursuant to a scheme of arrangement under
http://www.steelguru.com/news/index/2009/10/07/MTE0OTcx/Ultratech_to_consider_merger_of_Samruddhi_Cement.html
Grasim has proposed to de merge its cement business to Samruddhi pursuant to a scheme of arrangement under
http://www.steelguru.com/news/index/2009/10/07/MTE0OTcx/Ultratech_to_consider_merger_of_Samruddhi_Cement.html
Macroeconomic indicators - Inflation seen at 8pct by March - Nomura
Nomura in a recent note said that India's annual inflation based on wholesale prices could speed to 8% by end March 2010 backed by rising input costs and strengthening economic activity.
Nomura whose inflation estimate is higher than the RBI's projection of around 5% by end March expects
http://www.steelguru.com/news/index/2009/10/07/MTE0OTcw/Macroeconomic_indicators_-_Inflation_seen_at_8pct_by_March_-_Nomura.html
Nomura whose inflation estimate is higher than the RBI's projection of around 5% by end March expects
http://www.steelguru.com/news/index/2009/10/07/MTE0OTcw/Macroeconomic_indicators_-_Inflation_seen_at_8pct_by_March_-_Nomura.html
IOC plans 50 MW wind power plant
The Indian Oil Corporation is foraying into wind energy in a bid to evolve into an integrated global energy provider.
With this aim in mind, IOC plans to set up a 50 MW wind power project. The company is looking for possible sites in Gujarat, Rajasthan, Maharashtra and Karnataka and is
http://www.steelguru.com/news/index/2009/10/07/MTE0OTY5/IOC_plans_50_MW_wind_power_plant.html
With this aim in mind, IOC plans to set up a 50 MW wind power project. The company is looking for possible sites in Gujarat, Rajasthan, Maharashtra and Karnataka and is
http://www.steelguru.com/news/index/2009/10/07/MTE0OTY5/IOC_plans_50_MW_wind_power_plant.html
Prism Cement Q2 profit rises over two fold
Prism Cement reported a rise of over two fold in its net profit for the second quarter ended September 30th 2009 to INR 34.97 crore over the corresponding period a year ago.
Prism Cement in a filing to the Bombay Stock Exchange said that its net sales of the company also rose to INR 228.40
http://www.steelguru.com/news/index/2009/10/07/MTE0OTY3/Prism_Cement_Q2_profit_rises_over_two_fold.html
Prism Cement in a filing to the Bombay Stock Exchange said that its net sales of the company also rose to INR 228.40
http://www.steelguru.com/news/index/2009/10/07/MTE0OTY3/Prism_Cement_Q2_profit_rises_over_two_fold.html
Rays of recovery - Growth in container traffic likely to continue
According to Mr Srinivasa R Naik director of ministry of shipping, the Eleventh Plan (2007-12) emphasizes the need for increasing investment in infrastructure from 4.6% to 8% of GDP with a focus on augmenting capacity and enhancing the quality and productivity of transport infrastructure
http://www.steelguru.com/news/index/2009/10/07/MTE0OTY1/Rays_of_recovery_-_Growth_in_container_traffic_likely_to_continue.html
http://www.steelguru.com/news/index/2009/10/07/MTE0OTY1/Rays_of_recovery_-_Growth_in_container_traffic_likely_to_continue.html
BEML bets big on components biz
The public sector heavy equipment major BEML Ltd which is putting up a Greenfield plant at Palakkad in Kerala, expects the upcoming unit to give the company a leg up in the lucrative spare parts business. At Palakkad, the company intends to produce spares for both metro rail and aerospace
Sourse From: http://www.steelguru.com/news/index/2009/10/07/MTE0OTY0/BEML_bets_big_on_components_biz.html
Sourse From: http://www.steelguru.com/news/index/2009/10/07/MTE0OTY0/BEML_bets_big_on_components_biz.html
Slowdown signs - Indian shipping firms negotiating troubled waters
The shipping industry is possibly one of the few sectors where the operating environment has shown signs of worsening over the past few months in broad contrast to a few other sectors where there seems to be signs of green shoots of the economic recovery.
For instance in the tanker segment where nearly two-thirds of fleet capacity of leading players such as Shipping Corporation of India and GE Shipping are focused upon, spot freight rates have weakened on a sequential and year on year basis.
According to officials in shipping companies, In the case of tanker segments like very large crude carriers which are used to transporting crude oil from the Middle East to North American refiners, spot freight rates in the last week of September were at USD 9,330 per day levels compared with the average spot freight rate of USD 67,208 per day in the September 2008 quarter.
Analysts tracking the sector said that in the June 2009 quarter, the average spot freight rate in VLCC segment was USD 11,210 per day. For VLCC vessels, the daily operational cost is at USD 8,000 per day. OPEC in its September report had highlighted the fact that global crude demand in CY09 is expected to contract by 1.56 million barrels per day to 84.05 million bpd.
Besides, according to senior officials in GE Shipping, sluggish demand conditions continue for vessels to transport crude oil from the Middle East to other parts of the world.
In other tanker segments like Suezmax, the spot freight rate is at USD 7,975 per day compared with the average spot freight rate of USD 51,143 per day in the September 2008 quarter. To combat this, GE Shipping in the June 2009 quarter had nearly 55% of its fleet on long term contracts, while SCI has 60% to 65% of its fleet on long term contracts. Also, GE Shipping has been expanding its presence in the offshore segment in a bid to counter the cyclical nature of the shipping industry.
In the dry bulk segment, where the movement of iron ore and coal is key, the Baltic Dry Index in the last week of September was at 2,163 compared with the average of 7,104 in the September 2008 quarter. In the June 2009 quarter, the Baltic Dry Index averaged 2,714. Analysts tracking this sector point to large quantities of iron ore that had been purchased by Chinese steel mills from Brazil and Australian suppliers in the first half of CY09 and until that get run down, demand for vessels in this segment would be sluggish.
(Sourced from http://www.steelguru.com/news/index/2009/10/06/MTE0ODAy/Slowdown_signs_-_Indian_shipping_firms_negotiating_troubled_waters.html)
For instance in the tanker segment where nearly two-thirds of fleet capacity of leading players such as Shipping Corporation of India and GE Shipping are focused upon, spot freight rates have weakened on a sequential and year on year basis.
According to officials in shipping companies, In the case of tanker segments like very large crude carriers which are used to transporting crude oil from the Middle East to North American refiners, spot freight rates in the last week of September were at USD 9,330 per day levels compared with the average spot freight rate of USD 67,208 per day in the September 2008 quarter.
Analysts tracking the sector said that in the June 2009 quarter, the average spot freight rate in VLCC segment was USD 11,210 per day. For VLCC vessels, the daily operational cost is at USD 8,000 per day. OPEC in its September report had highlighted the fact that global crude demand in CY09 is expected to contract by 1.56 million barrels per day to 84.05 million bpd.
Besides, according to senior officials in GE Shipping, sluggish demand conditions continue for vessels to transport crude oil from the Middle East to other parts of the world.
In other tanker segments like Suezmax, the spot freight rate is at USD 7,975 per day compared with the average spot freight rate of USD 51,143 per day in the September 2008 quarter. To combat this, GE Shipping in the June 2009 quarter had nearly 55% of its fleet on long term contracts, while SCI has 60% to 65% of its fleet on long term contracts. Also, GE Shipping has been expanding its presence in the offshore segment in a bid to counter the cyclical nature of the shipping industry.
In the dry bulk segment, where the movement of iron ore and coal is key, the Baltic Dry Index in the last week of September was at 2,163 compared with the average of 7,104 in the September 2008 quarter. In the June 2009 quarter, the Baltic Dry Index averaged 2,714. Analysts tracking this sector point to large quantities of iron ore that had been purchased by Chinese steel mills from Brazil and Australian suppliers in the first half of CY09 and until that get run down, demand for vessels in this segment would be sluggish.
(Sourced from http://www.steelguru.com/news/index/2009/10/06/MTE0ODAy/Slowdown_signs_-_Indian_shipping_firms_negotiating_troubled_waters.html)
Rays of recovery - Hyundai September sale crosses 50,000 units
The country's second largest car manufacturer Hyundai Motor India Ltd saw cumulative sales peak at a record 53,804 units in September 2009.
After months of slowdown the domestic market buoyed by the strong festive season sales recorded a high growth rate of 25% after months of fluctuating sales. The overseas sales grew at a modest 9% as the export market slowed down with the scrappage incentive coming to an end in most European markets.
As per report Hyundai Motor's total sales for September 2009 stood at 53,804 units against 46,218 units in September, 2008. The domestic sales accounted for 27,803 units as against 22,311 units in September, 2008 while the overseas sales grew from 23,907 units last September to 26,001 units in September 2009.
Mr Arvind Saxena senior VP marketing and sales of Honda Motors said that "The sales for the month of September were promising as we not only recorded the highest figures in our 11 years of operations but also this year the festive season has been encouraging as customers returned to the showroom. We hope that this will be the turning point for the automotive industry and if sales remain strong during the coming Diwali then we can look at double digit growth figures for the current year".
(Sourced from http://www.steelguru.com/news/index/2009/10/06/MTE0ODAx/Rays_of_recovery_-_Hyundai_September_sale_crosses_50%252C000_units.html)
After months of slowdown the domestic market buoyed by the strong festive season sales recorded a high growth rate of 25% after months of fluctuating sales. The overseas sales grew at a modest 9% as the export market slowed down with the scrappage incentive coming to an end in most European markets.
As per report Hyundai Motor's total sales for September 2009 stood at 53,804 units against 46,218 units in September, 2008. The domestic sales accounted for 27,803 units as against 22,311 units in September, 2008 while the overseas sales grew from 23,907 units last September to 26,001 units in September 2009.
Mr Arvind Saxena senior VP marketing and sales of Honda Motors said that "The sales for the month of September were promising as we not only recorded the highest figures in our 11 years of operations but also this year the festive season has been encouraging as customers returned to the showroom. We hope that this will be the turning point for the automotive industry and if sales remain strong during the coming Diwali then we can look at double digit growth figures for the current year".
(Sourced from http://www.steelguru.com/news/index/2009/10/06/MTE0ODAx/Rays_of_recovery_-_Hyundai_September_sale_crosses_50%252C000_units.html)
SCI plans to sell 7 tankers this fiscal
BL reported that Shipping Corporation of India plans to sell seven single hull tankers by the end of this fiscal year to meet the global deadline to phase out single hull tankers by 2010.
Captain KS Nair director Bulk Carrier and Tanker Division of SCI told Business Line that
http://www.steelguru.com/news/index/2009/10/06/MTE0ODAw/SCI_plans_to_sell_7_tankers_this_fiscal.html
Captain KS Nair director Bulk Carrier and Tanker Division of SCI told Business Line that
http://www.steelguru.com/news/index/2009/10/06/MTE0ODAw/SCI_plans_to_sell_7_tankers_this_fiscal.html
Rays of recovery - Honda Siel sales in September up by 87pct
Honda Siel Cars India a leading manufacturer of premium cars in India sold 5,794 units and registered an overwhelming 86.7% in the month of September 2009 as against 3,104 units sold during the corresponding month last year.
Honda Siel in a statement said that the cumulative sales of the
http://www.steelguru.com/news/index/2009/10/06/MTE0Nzk5/Rays_of_recovery_-_Honda_Siel_sales_in_September_up_by_87pct.html
Honda Siel in a statement said that the cumulative sales of the
http://www.steelguru.com/news/index/2009/10/06/MTE0Nzk5/Rays_of_recovery_-_Honda_Siel_sales_in_September_up_by_87pct.html
Madhucon JV wins USD 3.9 million order from Nepal
Madhucon Projects Ltd has informed BSE regarding Madhucon JV bags USD 3.9 Million order from Department of Roads government of
http://www.steelguru.com/news/index/2009/10/06/MTE0Nzk4/Madhucon_JV_wins_USD_3.9_million_order_from_Nepal.html
http://www.steelguru.com/news/index/2009/10/06/MTE0Nzk4/Madhucon_JV_wins_USD_3.9_million_order_from_Nepal.html
Sunday, October 4, 2009
Rays of recovery - TVS Motor posts 11pct growth
It is reported that TVS Motor Company has posted 4% growth in September 2009 registering total two wheeler sales of 142,553 units against 137,246 units in the corresponding period of the previous year. With this, the company has achieved a cumulative sales growth of 5% for the period April to September 2009 and cumulative growth of 10% in domestic sales.
Domestic sales of the company clocked 11% growth registering sales of 132,281 units in September 2009 as against 119,017 units in the corresponding month of the previous year.
Of the total two wheeler sales, scooters accounted for 29,984 units in September 2009 against 27,108 units in September 2008, an increase of 11% over the previous year. Total motorcycle sales of the company stood at 60,718 units in September 2009 when compared to 71,278 units in September 2008.
Exports continued to be affected with sales of 10,272 units of two wheelers in September 2009 as against 16,201 units in the corresponding period of the previous year.
(Sourced from http://www.steelguru.com/news/index/2009/10/05/MTE0NjUw/Rays_of_recovery_-_TVS_Motor_posts_11pct_growth.html)
Domestic sales of the company clocked 11% growth registering sales of 132,281 units in September 2009 as against 119,017 units in the corresponding month of the previous year.
Of the total two wheeler sales, scooters accounted for 29,984 units in September 2009 against 27,108 units in September 2008, an increase of 11% over the previous year. Total motorcycle sales of the company stood at 60,718 units in September 2009 when compared to 71,278 units in September 2008.
Exports continued to be affected with sales of 10,272 units of two wheelers in September 2009 as against 16,201 units in the corresponding period of the previous year.
(Sourced from http://www.steelguru.com/news/index/2009/10/05/MTE0NjUw/Rays_of_recovery_-_TVS_Motor_posts_11pct_growth.html)
Slowdown signs - Ashok Leyland sales down by 12pct in September
Hinduja Group's flagship company Ashok Leyland on Saturday reported 11.86% decline in its total commercial vehicles sales in September at 5,452 units against 6,186 units in the same months last year.
Ashok Leyland in a statement said that domestic commercial vehicle sales stood at 4,813 units against 5,454 units in the same month last year down by 11.75%. It added that exports were at 639 units as against 732 units in the same month last year down 12.70%.
(Sourced from http://www.steelguru.com/news/index/2009/10/05/MTE0NjQ5/Slowdown_signs_-_Ashok_Leyland_sales_down_by_12pct_in_September.html
Ashok Leyland in a statement said that domestic commercial vehicle sales stood at 4,813 units against 5,454 units in the same month last year down by 11.75%. It added that exports were at 639 units as against 732 units in the same month last year down 12.70%.
(Sourced from http://www.steelguru.com/news/index/2009/10/05/MTE0NjQ5/Slowdown_signs_-_Ashok_Leyland_sales_down_by_12pct_in_September.html
Mr Saraya appoints as director power of BHEL
it is reported that Mr Atul Saraya has assumed charge as Director (Power) of BHEL.
Prior to this he was heading the company’s Power Sector (Marketing) function as well as BHEL’s Power Sector Eastern Region construction division as Executive Director.
Mr Saraya a Graduate in Electrical Engineering from Harcourt Butler Technological Institute, Kanpur and PGDBM in Business Administration.
http://www.steelguru.com/news/index/2009/10/05/MTE0NjQ4/Mr_Saraya_appoints_as_director_power_of_BHEL.html
Prior to this he was heading the company’s Power Sector (Marketing) function as well as BHEL’s Power Sector Eastern Region construction division as Executive Director.
Mr Saraya a Graduate in Electrical Engineering from Harcourt Butler Technological Institute, Kanpur and PGDBM in Business Administration.
http://www.steelguru.com/news/index/2009/10/05/MTE0NjQ4/Mr_Saraya_appoints_as_director_power_of_BHEL.html
Rays of recovery - TATA Motors sales in September up by 6pct
TATA Motors total sales of TATA commercial and passenger vehicles registered the growth of 6% to stand at 52,513 vehicles in September 2009 as against 49,647 vehicles sold in September 2008.
The company’s domestic sales of TATA commercial and passenger vehicles for September 2009 were 49,650 numbers a 10% growth over 45,234 nos. sold in September last year.
Cumulative sales for the company for the fiscal at 273,491 nos., recorded a growth of 3% over 265,709 nos. sold last year.
The company’s sales of commercial vehicles in September 2009 in the domestic market were 31,474 numbers a 10% growth compared to 28,648 vehicles sold in September last year. LCV sales were 18,454 numbers a growth of 16% over September last year. M&HCV sales stood at 13,020 nos., a growth of 2% over September last year. This is the third consecutive month of growth for M&HCV.
Cumulative sales of commercial vehicles in the domestic market for the fiscal were 161,700 numbers a growth of 11% over last year. Cumulative LCV sales were 100,278 numbers a growth of 30% over last year, while M&HCV sales stood at 61,422 numbers lower by 11% over last year.
The passenger vehicles business reported a total sale and distribution off take of 20,743 numbers in the domestic market in September 2009, a 23% increase compared to 16,829 numbers in September last year.
(Sourced from http://www.steelguru.com/news/index/2009/10/05/MTE0NjQ3/Rays_of_recovery_-_TATA_Motors_sales_in_September_up_by_6pct.html)
The company’s domestic sales of TATA commercial and passenger vehicles for September 2009 were 49,650 numbers a 10% growth over 45,234 nos. sold in September last year.
Cumulative sales for the company for the fiscal at 273,491 nos., recorded a growth of 3% over 265,709 nos. sold last year.
The company’s sales of commercial vehicles in September 2009 in the domestic market were 31,474 numbers a 10% growth compared to 28,648 vehicles sold in September last year. LCV sales were 18,454 numbers a growth of 16% over September last year. M&HCV sales stood at 13,020 nos., a growth of 2% over September last year. This is the third consecutive month of growth for M&HCV.
Cumulative sales of commercial vehicles in the domestic market for the fiscal were 161,700 numbers a growth of 11% over last year. Cumulative LCV sales were 100,278 numbers a growth of 30% over last year, while M&HCV sales stood at 61,422 numbers lower by 11% over last year.
The passenger vehicles business reported a total sale and distribution off take of 20,743 numbers in the domestic market in September 2009, a 23% increase compared to 16,829 numbers in September last year.
(Sourced from http://www.steelguru.com/news/index/2009/10/05/MTE0NjQ3/Rays_of_recovery_-_TATA_Motors_sales_in_September_up_by_6pct.html)
Ashok Leyland Pantnagar plant to go on stream soon
Hinduja Group’s flagship company Ashok Leyland’s INR 1,300 crore Pantnagar in Uttarakhand plant is likely go on stream within the next few months. The plant would have an installed capacity of 50,000 units of commercial vehicles annually. Besides, the company is also planning to increase the capacity at its Alwar plant by 50% this year.
Mr Rajiv Saharia executive director marketing of Ashok Leyland told reporters that “Work on the Pantnagar plant is progressing well and we hope to inaugurate it within a few months. The plant would have an annual installed capacity of 50,000 units.” He however did not specify a time frame for the inauguration of the plant.
Mr Saharia said that “The Pantnagar plant would further boost our capacity at a time when the market is showing signs of revival.” He added that the company is also looking to increase the capacity of its Alwar plant by 50% to 300 ultra low entry buses a month from 200 units at present.
Mr Saharia said that “The capacity expansion at the Alwar plant would be carried out within this fiscal,” Saharia said. Ashok Leyland has a contract with the Delhi Transport Corporation for the delivery of 875 ULE buses this fiscal.
The company has six plants across the country with an annual installed capacity of 100,000 units. Ashok Leyland has a contract with various state and local transport bodies under the Jawaharlal Nehru National Urban Renewal Mission to supply 5,000 buses during this fiscal.
(Sourced from http://www.steelguru.com/news/index/2009/10/05/MTE0NjQ2/Ashok_Leyland_Pantnagar_plant_to_go_on_stream_soon.html)
Mr Rajiv Saharia executive director marketing of Ashok Leyland told reporters that “Work on the Pantnagar plant is progressing well and we hope to inaugurate it within a few months. The plant would have an annual installed capacity of 50,000 units.” He however did not specify a time frame for the inauguration of the plant.
Mr Saharia said that “The Pantnagar plant would further boost our capacity at a time when the market is showing signs of revival.” He added that the company is also looking to increase the capacity of its Alwar plant by 50% to 300 ultra low entry buses a month from 200 units at present.
Mr Saharia said that “The capacity expansion at the Alwar plant would be carried out within this fiscal,” Saharia said. Ashok Leyland has a contract with the Delhi Transport Corporation for the delivery of 875 ULE buses this fiscal.
The company has six plants across the country with an annual installed capacity of 100,000 units. Ashok Leyland has a contract with various state and local transport bodies under the Jawaharlal Nehru National Urban Renewal Mission to supply 5,000 buses during this fiscal.
(Sourced from http://www.steelguru.com/news/index/2009/10/05/MTE0NjQ2/Ashok_Leyland_Pantnagar_plant_to_go_on_stream_soon.html)
BHEL planning separate unit for power generation projects
BS reported that India’s largest power equipment manufacturer Bharat Heavy Electricals Ltd is considering floating a separate subsidiary company for power generation projects.
The move, part of its diversification plan is aimed at consolidating the equity investment it had taken earlier in various generation projects of around 8,800 MW capacity in different states.
The company had committed 26% equity participation in multiple supercritical thermal power projects in Tamil Nadu, Karnataka and Maharashtra and is planning similar stakes for projects in Gujarat and MP.
Mr K Ravi Kumar former CMD told Business Standard that “We are doing 11 units of 660-800 Mw, which will give us 8,800 Mw. So, if you get a close to 10,000 Mw power company, it is good. If the projects go well and if the same trend continues, we can hive off a BHEL power subsidiary.” He added that “There has been serious discussion on this matter. These days, small companies are putting up plants. So, why cannot BHEL run it efficiently? This is diversification.”
Mr Kumar said that “Five units in Tamil Nadu and Karnataka are already in advanced stages. We have already obtained land. We have applied for coal blocks. The projects will take approximately four-five years to be completed.”
He also said floating the subsidiary company would require changes to be made in the company’s Articles of Association. BHEL had formed a joint venture company in April last year with power generator NTPC Ltd NTPC BHEL Power Projects Private Ltd to take up engineering, procurement and construction contracts for power equipment.
BHEL has signed two separate Joint Ventures with the Karnataka Power Corporation Ltd and Tamil Nadu Electricity Board and a memorandum of Understanding with the Maharashtra State Power Generation Company Ltd for setting up seven units of 660MW to 800 MW for supercritical thermal power plants on a Build, Own and Operate basis. Another four units of similar sizes are being planned in Gujarat and MP. The projects require an investment of over 52,000 crore and are being financed on 80% debt and 20% equity ratio. While 26% of the equity portion INR 2,745 crore is being financed by BHEL another 26% will come from the state entities. The remaining 48% is being sourced from financial institutions.
(Sourced from www.steelguru.com)
The move, part of its diversification plan is aimed at consolidating the equity investment it had taken earlier in various generation projects of around 8,800 MW capacity in different states.
The company had committed 26% equity participation in multiple supercritical thermal power projects in Tamil Nadu, Karnataka and Maharashtra and is planning similar stakes for projects in Gujarat and MP.
Mr K Ravi Kumar former CMD told Business Standard that “We are doing 11 units of 660-800 Mw, which will give us 8,800 Mw. So, if you get a close to 10,000 Mw power company, it is good. If the projects go well and if the same trend continues, we can hive off a BHEL power subsidiary.” He added that “There has been serious discussion on this matter. These days, small companies are putting up plants. So, why cannot BHEL run it efficiently? This is diversification.”
Mr Kumar said that “Five units in Tamil Nadu and Karnataka are already in advanced stages. We have already obtained land. We have applied for coal blocks. The projects will take approximately four-five years to be completed.”
He also said floating the subsidiary company would require changes to be made in the company’s Articles of Association. BHEL had formed a joint venture company in April last year with power generator NTPC Ltd NTPC BHEL Power Projects Private Ltd to take up engineering, procurement and construction contracts for power equipment.
BHEL has signed two separate Joint Ventures with the Karnataka Power Corporation Ltd and Tamil Nadu Electricity Board and a memorandum of Understanding with the Maharashtra State Power Generation Company Ltd for setting up seven units of 660MW to 800 MW for supercritical thermal power plants on a Build, Own and Operate basis. Another four units of similar sizes are being planned in Gujarat and MP. The projects require an investment of over 52,000 crore and are being financed on 80% debt and 20% equity ratio. While 26% of the equity portion INR 2,745 crore is being financed by BHEL another 26% will come from the state entities. The remaining 48% is being sourced from financial institutions.
(Sourced from www.steelguru.com)
Rays of recovery - Bajaj Auto sales in September up by 14pct
Bajaj Auto’s newly launched 100cc motorcycle Discover DTS-Si has turned around the sales curve of the company with the Pune based two wheeler firm logging its highest monthly sales in over 22 months.
The company, which is also India’s second biggest two wheeler maker stated that
http://www.steelguru.com/news/index/2009/10/05/MTE0NjU0/Rays_of_recovery_-_Bajaj_Auto_sales_in_September_up_by_14pct.html
The company, which is also India’s second biggest two wheeler maker stated that
http://www.steelguru.com/news/index/2009/10/05/MTE0NjU0/Rays_of_recovery_-_Bajaj_Auto_sales_in_September_up_by_14pct.html
Andhra Pradesh to invite bids for 4 airports
It is reported that Andhra Pradesh Government plans to invites bids afresh for four regional airports along with an offer of additional incentives to developers.
As per report the fresh round of bids is to be invited for airports at Ramagundam, Kurnool, Tadepalligudem and Nizamabad. Each
http://www.steelguru.com/news/index/2009/10/05/MTE0NjUz/Andhra_Pradesh_to_invite_bids_for_4_airports.html
As per report the fresh round of bids is to be invited for airports at Ramagundam, Kurnool, Tadepalligudem and Nizamabad. Each
http://www.steelguru.com/news/index/2009/10/05/MTE0NjUz/Andhra_Pradesh_to_invite_bids_for_4_airports.html
6 bid for Dadri power project of Reliance Power
Reliance Power’s 8,000 MW gas fired power project at Dadri in Uttar Pradesh has received bids from 6 global and Indian companies for the engineering, procurement and construction contract, even as the project, which is the biggest gas-based plant so far, awaits a Supreme Court decision
Sourse From: www.steelguru.com
Sourse From: www.steelguru.com
Government may allow GAIL to charge marketing margin
In a significant development, the government may allow state gas utility GAIL India to charge marketing margin on sale of APM or subsidized natural gas.
The government currently regulates the price at which the gas produced from fields given to Oil and Natural Gas Corp and Oil India Ltd is
Sourse From: www.steelguru.com
The government currently regulates the price at which the gas produced from fields given to Oil and Natural Gas Corp and Oil India Ltd is
Sourse From: www.steelguru.com
Wednesday, September 30, 2009
CR steel prices remain unchanged on Sep 30
0.63
Location Change
Mumbai 0
Chennai 0
Kolkata 0
Delhi 0
Pune 0
Kanpur 0
Rudrapur 0
Ahmedabad 0
Bangalore 0
Change is on September 30th as compared to September 29th 2009
Change is in INR per tonne
To know exact prevailing steel prices in India in 29 locations on daily basis, subscribe to services of www.steelprices-india.com by registering or sending a mail to admin@steelprices-india.com Please note that this is a paid service.
(Sourced from www.steelprices-india.com)
Location Change
Mumbai 0
Chennai 0
Kolkata 0
Delhi 0
Pune 0
Kanpur 0
Rudrapur 0
Ahmedabad 0
Bangalore 0
Change is on September 30th as compared to September 29th 2009
Change is in INR per tonne
To know exact prevailing steel prices in India in 29 locations on daily basis, subscribe to services of www.steelprices-india.com by registering or sending a mail to admin@steelprices-india.com Please note that this is a paid service.
(Sourced from www.steelprices-india.com)
Change is on September 30th as compared to September 29th 2009 Change is in INR per tonne
Patra
Location Change
Delhi 0
Mandi 0
Ludhiana 0
Change is on September 30th as compared to September 29th 2009
Change is in INR per tonne
To know exact prevailing steel prices in India in 29 locations on daily basis, subscribe to services of www.steelprices-india.com by registering or sending a mail to admin@steelprices-india.com Please note that this is a paid service.
(Sourced from www.steelprices-india.com)
Location Change
Delhi 0
Mandi 0
Ludhiana 0
Change is on September 30th as compared to September 29th 2009
Change is in INR per tonne
To know exact prevailing steel prices in India in 29 locations on daily basis, subscribe to services of www.steelprices-india.com by registering or sending a mail to admin@steelprices-india.com Please note that this is a paid service.
(Sourced from www.steelprices-india.com)
It is reported that India is all set to get its third liquefied natural gas import terminal commissioned in November 2009 at Dabhol in Maharashtra.
The INR 3,000 crore terminal, accounting for around 25% of the overall cost of the Dabhol project was initially meant to feed the adjoining power plant.
A senior official from Ratnagiri Gas and Power Pvt Ltd however added that gas from the terminal would not be used to run the Dabhol power plant and would be supplied entirely to other domestic companies.
RGPPL had initially planned to commission the terminal in March this year. The official said that “The LNG terminal will now be commissioned by November-end. There has been some delay due to bad weather conditions leading to excessive silt at the port which requires dredging.”
Like the first two LNG terminals that are located at Dahej and Hazira in Gujarat the Dabhol LNG terminal will also be on the west coast.
The gas starved power plant has been allocated 2.7 million standard cubic metres per day of gas supply from the Reliance Industries’ block in the Krishna-Godavari basin. This supply an agreement for which was inked by the company in June this year is likely to begin from October 1.
An earlier proposal of hiving off the Dabhol LNG terminal was turned down by the government last year as the proposal faced opposition from NTPC Ltd and GAIL, which hold 28% equity share each in the Dabhol power project.
The terminal with an LNG regasification capacity of 5 million tonne per annum forms a part of the integrated Dabhol power project owned by RGPPL. The terminal will however become fully operational only after completion of the breakwater facilities in 2011.
(Sourced from www.steelgruu.com)
A senior official from Ratnagiri Gas and Power Pvt Ltd however added that gas from the terminal would not be used to run the Dabhol power plant and would be supplied entirely to other domestic companies.
RGPPL had initially planned to commission the terminal in March this year. The official said that “The LNG terminal will now be commissioned by November-end. There has been some delay due to bad weather conditions leading to excessive silt at the port which requires dredging.”
Like the first two LNG terminals that are located at Dahej and Hazira in Gujarat the Dabhol LNG terminal will also be on the west coast.
The gas starved power plant has been allocated 2.7 million standard cubic metres per day of gas supply from the Reliance Industries’ block in the Krishna-Godavari basin. This supply an agreement for which was inked by the company in June this year is likely to begin from October 1.
An earlier proposal of hiving off the Dabhol LNG terminal was turned down by the government last year as the proposal faced opposition from NTPC Ltd and GAIL, which hold 28% equity share each in the Dabhol power project.
The terminal with an LNG regasification capacity of 5 million tonne per annum forms a part of the integrated Dabhol power project owned by RGPPL. The terminal will however become fully operational only after completion of the breakwater facilities in 2011.
(Sourced from www.steelgruu.com)
In a boost to the flagging domestic uranium mining effort, ONGC has zeroed in on a location in Assam and has submitted a proposal to Uranium Corporation of India Ltd for jointly exploring the resource.
In a boost to the flagging domestic uranium mining effort, ONGC has zeroed in on a location in Assam and has submitted a proposal to Uranium Corporation of India Ltd for jointly exploring the resource.
The public sector oil major has an agreement in place with UCIL to pursue exploration and exploitation of uranium resources.
Mr RS Sharma CMD of ONGC told Business Line that “We have held several discussions with the scientists of UCIL and Atomic Mineral Division, a unit of the DAE. Based on the available data, literature and the discussions, we have decided to go for a field test. We have identified a prospective location at upper Assam. A proposal of field test has been submitted to UCIL.”
Mr Sharma said that once UCIL has examined the data, the two will work out the next course of action. ONGC has created a team under the aegis of its Energy Centre which is looking into the venture.
A DAE official said that the two ONGC and UCIL have already set up a steering committee for evolving a time-bound program for joint prospecting and mining.
(Sourced from www.steelguru.com)
The public sector oil major has an agreement in place with UCIL to pursue exploration and exploitation of uranium resources.
Mr RS Sharma CMD of ONGC told Business Line that “We have held several discussions with the scientists of UCIL and Atomic Mineral Division, a unit of the DAE. Based on the available data, literature and the discussions, we have decided to go for a field test. We have identified a prospective location at upper Assam. A proposal of field test has been submitted to UCIL.”
Mr Sharma said that once UCIL has examined the data, the two will work out the next course of action. ONGC has created a team under the aegis of its Energy Centre which is looking into the venture.
A DAE official said that the two ONGC and UCIL have already set up a steering committee for evolving a time-bound program for joint prospecting and mining.
(Sourced from www.steelguru.com)
Get SMS alert for Indian steel price indices
You can now get ILPPI, IFPPI and INDSPI as SMS alert on mobile by submitting your details at http://steelprices-india.com/smsalert
In order to provide an index for steel prices, we call it SENSEX for steel, SteelGuru.com decided to work on both long products and flat products for respective category indices as also a composite one for steel. We call them ILPPI, IFPPI and INDSPI and have started releasing these indices with effect from July 1st 2008, after taking June 30th 2008 as base.
ILPPI is based on daily market prices of three benchmark products rebars, wire rod and sections whereas IFPPI is based on HRC, plates, CR and HDG. These indices have been built considering their respective weights in the composite categories as also in the shares of sales in the important markets.
The pricing input is from www.steelprices-india.com, which publishes market transaction prices of benchmark products among select locations 5 days a week.
These price indices outline the way domestic steel market is moving day by day and will help producers, agents in the supply chain, steel buyers, bankers and analysts in their respective businesses.
To know more, please visit
http://steelprices-india.com/spi_services/spi.html
To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices- india.com with contact details. Kindly note that this is a paid service
(Sourced from www.steelprices-india.com)
In order to provide an index for steel prices, we call it SENSEX for steel, SteelGuru.com decided to work on both long products and flat products for respective category indices as also a composite one for steel. We call them ILPPI, IFPPI and INDSPI and have started releasing these indices with effect from July 1st 2008, after taking June 30th 2008 as base.
ILPPI is based on daily market prices of three benchmark products rebars, wire rod and sections whereas IFPPI is based on HRC, plates, CR and HDG. These indices have been built considering their respective weights in the composite categories as also in the shares of sales in the important markets.
The pricing input is from www.steelprices-india.com, which publishes market transaction prices of benchmark products among select locations 5 days a week.
These price indices outline the way domestic steel market is moving day by day and will help producers, agents in the supply chain, steel buyers, bankers and analysts in their respective businesses.
To know more, please visit
http://steelprices-india.com/spi_services/spi.html
To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices- india.com with contact details. Kindly note that this is a paid service
(Sourced from www.steelprices-india.com)
Karnataka Power Corporation Ltd proposes to invest about INR 38,000 crore to augment power generation capacity by some 6,000 MW over the next five years.
Karnataka Power Corporation Ltd proposes to invest about INR 38,000 crore to augment power generation capacity by some 6,000 MW over the next five years.
Mr SM Jaamdar MD of KPCL said that the land acquisition process for the 1,600 MW thermal power project at Godhna in Chhattisgarh was at an advanced stage.
The super critical thermal power plants at Edlapur and Yeramarus were poised to take off through the KPCL-BHEL joint venture company called Raichur Power Corporation Ltd.
KPCL is awaiting the clearance from the Ministry of Environment and Forest for the Gundia Hydro Electric Project and is expected to commence work shortly on Unit 2 of the Bellary Thermal Power Station for which the financial closure has been achieved. The State Government recently approved KPCL’s proposal to go in for a 2,100 MW gas based power plant in the first phase at Tadadi along with a dedicated LNG terminal for gas supply.
KPCL also expects that the 270 MW, run-of-the river project at Shivanasamudram will take off soon.
Mr Jaamdar said that reforms in coal management and redeployment of manpower while expanding capacity helped KPCL to save costs to the tune of INR 1,020 crore.
KPCL achieved a profit after tax of INR 277 crore for 2008-09 on a turnover of INR 4,148 crore.
(Sourced from Karnataka Power Corporation Ltd proposes to invest about INR 38,000 crore to augment power generation capacity by some 6,000 MW over the next five years.
Mr SM Jaamdar MD of KPCL said that the land acquisition process for the 1,600 MW thermal power project at Godhna in Chhattisgarh was at an advanced stage.
The super critical thermal power plants at Edlapur and Yeramarus were poised to take off through the KPCL-BHEL joint venture company called Raichur Power Corporation Ltd.
KPCL is awaiting the clearance from the Ministry of Environment and Forest for the Gundia Hydro Electric Project and is expected to commence work shortly on Unit 2 of the Bellary Thermal Power Station for which the financial closure has been achieved. The State Government recently approved KPCL’s proposal to go in for a 2,100 MW gas based power plant in the first phase at Tadadi along with a dedicated LNG terminal for gas supply.
KPCL also expects that the 270 MW, run-of-the river project at Shivanasamudram will take off soon.
Mr Jaamdar said that reforms in coal management and redeployment of manpower while expanding capacity helped KPCL to save costs to the tune of INR 1,020 crore.
KPCL achieved a profit after tax of INR 277 crore for 2008-09 on a turnover of INR 4,148 crore.
(Sourced from http://www.steelguru.com/news/index/2009/10/01/MTE0MTE4/KPCL_plans_to_add_6%252C000_MW_over_5_years.html))
Mr SM Jaamdar MD of KPCL said that the land acquisition process for the 1,600 MW thermal power project at Godhna in Chhattisgarh was at an advanced stage.
The super critical thermal power plants at Edlapur and Yeramarus were poised to take off through the KPCL-BHEL joint venture company called Raichur Power Corporation Ltd.
KPCL is awaiting the clearance from the Ministry of Environment and Forest for the Gundia Hydro Electric Project and is expected to commence work shortly on Unit 2 of the Bellary Thermal Power Station for which the financial closure has been achieved. The State Government recently approved KPCL’s proposal to go in for a 2,100 MW gas based power plant in the first phase at Tadadi along with a dedicated LNG terminal for gas supply.
KPCL also expects that the 270 MW, run-of-the river project at Shivanasamudram will take off soon.
Mr Jaamdar said that reforms in coal management and redeployment of manpower while expanding capacity helped KPCL to save costs to the tune of INR 1,020 crore.
KPCL achieved a profit after tax of INR 277 crore for 2008-09 on a turnover of INR 4,148 crore.
(Sourced from Karnataka Power Corporation Ltd proposes to invest about INR 38,000 crore to augment power generation capacity by some 6,000 MW over the next five years.
Mr SM Jaamdar MD of KPCL said that the land acquisition process for the 1,600 MW thermal power project at Godhna in Chhattisgarh was at an advanced stage.
The super critical thermal power plants at Edlapur and Yeramarus were poised to take off through the KPCL-BHEL joint venture company called Raichur Power Corporation Ltd.
KPCL is awaiting the clearance from the Ministry of Environment and Forest for the Gundia Hydro Electric Project and is expected to commence work shortly on Unit 2 of the Bellary Thermal Power Station for which the financial closure has been achieved. The State Government recently approved KPCL’s proposal to go in for a 2,100 MW gas based power plant in the first phase at Tadadi along with a dedicated LNG terminal for gas supply.
KPCL also expects that the 270 MW, run-of-the river project at Shivanasamudram will take off soon.
Mr Jaamdar said that reforms in coal management and redeployment of manpower while expanding capacity helped KPCL to save costs to the tune of INR 1,020 crore.
KPCL achieved a profit after tax of INR 277 crore for 2008-09 on a turnover of INR 4,148 crore.
(Sourced from http://www.steelguru.com/news/index/2009/10/01/MTE0MTE4/KPCL_plans_to_add_6%252C000_MW_over_5_years.html))
Reuters reported that Indian engineering firm Larsen & Toubro is close to launching a USD 600 million share sale to institutional investors.
Reuters reported that Indian engineering firm Larsen & Toubro is close to launching a USD 600 million share sale to institutional investors.
Sources with direct knowledge of the deal said that joining a string of firms raising equity.
One Source said that "The deal can be launched tomorrow, the next day or early next week. We are just waiting for the window of opportunity.”
The source added that Citigroup, Morgan Stanley and Bank of America Merrill Lynch are the arrangers to the offer.
(Sourced from www.steelguru.com)
Sources with direct knowledge of the deal said that joining a string of firms raising equity.
One Source said that "The deal can be launched tomorrow, the next day or early next week. We are just waiting for the window of opportunity.”
The source added that Citigroup, Morgan Stanley and Bank of America Merrill Lynch are the arrangers to the offer.
(Sourced from www.steelguru.com)
Work on checking oil spill from MV Black Rose, the sunken vessel has taken off a day after the visit of the high
Work on checking oil spill from MV Black Rose, the sunken vessel has taken off a day after the visit of the high level expert team from the Centre.
The work has been awarded to J Enterprises and Divers Ltd a Visakhapatnam-based agency by the authorities of Paradeep Port Trust.
Sources said that oil started oozing out from the vessel from September 21. Environmental experts had warned that oil leakage posed a threat to marine creatures as well as the ecology of Bay of Bengal.
Locals and fishermen said oil leakage would kill fishes and crabs along the Paradeep shore. They found a thick layer of greasy black dust on the beach.
Later the officials of the Orissa State Pollution Control Board visited the spot and warned of large scale oil spill from the vessel. OSPCB had directed the PPT authorities and the Indian Coast Guard to take precautionary measures to check environmental and marine pollution.
The vessel was loaded with 23, 847 tonnes of iron ore fines, 924 tonnes of furnace oil, 50 tonnes of diesel and 40 tonnes of grease.
(Sourced from www.steelgruu.com)
The work has been awarded to J Enterprises and Divers Ltd a Visakhapatnam-based agency by the authorities of Paradeep Port Trust.
Sources said that oil started oozing out from the vessel from September 21. Environmental experts had warned that oil leakage posed a threat to marine creatures as well as the ecology of Bay of Bengal.
Locals and fishermen said oil leakage would kill fishes and crabs along the Paradeep shore. They found a thick layer of greasy black dust on the beach.
Later the officials of the Orissa State Pollution Control Board visited the spot and warned of large scale oil spill from the vessel. OSPCB had directed the PPT authorities and the Indian Coast Guard to take precautionary measures to check environmental and marine pollution.
The vessel was loaded with 23, 847 tonnes of iron ore fines, 924 tonnes of furnace oil, 50 tonnes of diesel and 40 tonnes of grease.
(Sourced from www.steelgruu.com)
It is reported that the second liquefied natural gas cargo imported via spot market by State owned Gujarat State Petroleum Corporation Ltd
It is reported that the second liquefied natural gas cargo imported via spot market by State owned Gujarat State Petroleum Corporation Ltd arrived on Monday at Petronet LNG Ltd’s terminal at Dahej in Bharuch district of Gujarat.
This is part of GSPC’s business strategy to actively enter the LNG trading business by importing a cargo every month and establishing it as a fast revenue earner before its own terminal at Mundra which has an initial capacity to import 6.5 million tonnes per annum of gas commences operation in 2012-13. GSPC and the Adanis are partners in this terminal and are looking for other strategic partners to pick up the balance equity.
The terminal is being developed with an investment of INR 3,500 crore and will have two storage tanks and a jetty.
Currently, GSPC is the only ‘non-terminal owner’ gas company in the country to have independently purchased two LNG cargoes recently, receiving them both at Dahej.
Mr DJ Pandian MD Public offer of GSPC said that “This is another step by GSPC towards building on its LNG trading business and achieving its ambition to develop its own LNG terminal.”
GSPC is expected to hit the capital market this financial year to garner around INR 5,000 crore through an IPO to develop its hydrocarbon fields in the Krishna-Godavari Basin’s Deendayal gas field from where gas would be evacuated through a Reliance Industries’ pipeline between Andhra Pradesh and Gujarat.
(Sourced from www.steelguru.com)
This is part of GSPC’s business strategy to actively enter the LNG trading business by importing a cargo every month and establishing it as a fast revenue earner before its own terminal at Mundra which has an initial capacity to import 6.5 million tonnes per annum of gas commences operation in 2012-13. GSPC and the Adanis are partners in this terminal and are looking for other strategic partners to pick up the balance equity.
The terminal is being developed with an investment of INR 3,500 crore and will have two storage tanks and a jetty.
Currently, GSPC is the only ‘non-terminal owner’ gas company in the country to have independently purchased two LNG cargoes recently, receiving them both at Dahej.
Mr DJ Pandian MD Public offer of GSPC said that “This is another step by GSPC towards building on its LNG trading business and achieving its ambition to develop its own LNG terminal.”
GSPC is expected to hit the capital market this financial year to garner around INR 5,000 crore through an IPO to develop its hydrocarbon fields in the Krishna-Godavari Basin’s Deendayal gas field from where gas would be evacuated through a Reliance Industries’ pipeline between Andhra Pradesh and Gujarat.
(Sourced from www.steelguru.com)
Bharati Shipyard expects nod for Great Offshore open offer soon
Bharati Shipyard announced an open offer for an additional 20% stake in Great Offshore and t was expecting approval for its offer in the next 10 days from the Securities and Exchange Board of India.
As per report the company has so far acquired a 22.5% stake in the drilling company for INR 305 crore. The additional 20% would cost about INR 560 crore at the current price.
Bharati’s competitor for taking control ABG Shipyard has made a counter offer to Great Offshore’s shareholders and it is also awaiting the market regulator’s approval.
Bharati at its annual general meeting in Mumbai said that it had a capital expenditure plan of INR 200 crore for the next two years. It today got shareholders’ approval to raise fresh funds. But the company did not specify the amount it plans to raise. Bharati also expects INR 277 crore of subsidy from the government by the end of this financial year.
(Sourced from www.steelguru.com)
As per report the company has so far acquired a 22.5% stake in the drilling company for INR 305 crore. The additional 20% would cost about INR 560 crore at the current price.
Bharati’s competitor for taking control ABG Shipyard has made a counter offer to Great Offshore’s shareholders and it is also awaiting the market regulator’s approval.
Bharati at its annual general meeting in Mumbai said that it had a capital expenditure plan of INR 200 crore for the next two years. It today got shareholders’ approval to raise fresh funds. But the company did not specify the amount it plans to raise. Bharati also expects INR 277 crore of subsidy from the government by the end of this financial year.
(Sourced from www.steelguru.com)
Under the ongoing CSR activities VSP
RINL CSR Gesture
Thursday, 01 Oct 2009
Under the ongoing CSR activities VSP and Sankar Foundation Eye Hospital Visakhapatnam organized a free cataract eye camp at Kanithinadu Palem in Islampeta.
Cataract surgeries for the patients suffering from cataract are being done on behalf of RINL-VSP, free of cost at Sankar Foundation Hospital at Vepagunta near Pendurthi in Visakhapatnam.
www.steelguru.com
Thursday, 01 Oct 2009
Under the ongoing CSR activities VSP and Sankar Foundation Eye Hospital Visakhapatnam organized a free cataract eye camp at Kanithinadu Palem in Islampeta.
Cataract surgeries for the patients suffering from cataract are being done on behalf of RINL-VSP, free of cost at Sankar Foundation Hospital at Vepagunta near Pendurthi in Visakhapatnam.
www.steelguru.com
HRC price drops by INR 92 a tonne at Ahmedabad on Sep 30
HRC
Tube
2.5x1250
Location Change
Mumbai 0
Kolkata 0
Delhi 0
Ludhiana 0
Ahmedabad -92
Bangalore 0
Change is on September 30th as compared to September 29th 2009
Change is in INR per tonne
To know exact prevailing steel prices in India in 29 locations on daily basis, subscribe to services of www.steelprices-india.com by registering or sending a mail to admin@steelprices-india.com Please note that this is a paid service.
(Sourced from www.steelprices-india.com)
Tube
2.5x1250
Location Change
Mumbai 0
Kolkata 0
Delhi 0
Ludhiana 0
Ahmedabad -92
Bangalore 0
Change is on September 30th as compared to September 29th 2009
Change is in INR per tonne
To know exact prevailing steel prices in India in 29 locations on daily basis, subscribe to services of www.steelprices-india.com by registering or sending a mail to admin@steelprices-india.com Please note that this is a paid service.
(Sourced from www.steelprices-india.com)
Sponge iron price movements on Sep 30
Sponge iron price movements on Sep 30
Thursday, 01 Oct 2009
Sponge iron
Location Change
Kolkata 0
Raipur -200
Raigarh 200
Rourkela 0
Change is on September 30th as compared to September 29th 2009
Change is in INR per tonne
To know exact prevailing steel prices in India in 29 locations on daily basis, subscribe to services of www.steelprices-india.com by registering or sending a mail to admin@steelprices-india.com Please note that this is a paid service.
(Sourced from www.steelprices-india.com)
Thursday, 01 Oct 2009
Sponge iron
Location Change
Kolkata 0
Raipur -200
Raigarh 200
Rourkela 0
Change is on September 30th as compared to September 29th 2009
Change is in INR per tonne
To know exact prevailing steel prices in India in 29 locations on daily basis, subscribe to services of www.steelprices-india.com by registering or sending a mail to admin@steelprices-india.com Please note that this is a paid service.
(Sourced from www.steelprices-india.com)
GC (HDG) price decreases in Ludhiana
GC
100Gms
0.40
Location Change
Mumbai 0
Chennai 0
Kolkata 0
Delhi 0
Ludhiana -185
Kanpur 0
Rudrapur 0
Bangalore 0
Change is on September 30th as compared to September 29th 2009
Change is in INR per tonne
To know exact prevailing steel prices in India in 29 locations on daily basis, subscribe to services of www.steelprices-india.com by registering or sending a mail to admin@steelprices-india.com Please note that this is a paid service.
(Sourced from www.steelprices-india.com)
100Gms
0.40
Location Change
Mumbai 0
Chennai 0
Kolkata 0
Delhi 0
Ludhiana -185
Kanpur 0
Rudrapur 0
Bangalore 0
Change is on September 30th as compared to September 29th 2009
Change is in INR per tonne
To know exact prevailing steel prices in India in 29 locations on daily basis, subscribe to services of www.steelprices-india.com by registering or sending a mail to admin@steelprices-india.com Please note that this is a paid service.
(Sourced from www.steelprices-india.com)
Tuesday, September 29, 2009
PGCIL helps meeting power demand in peak time
A record peak power demand of 99,027MW was met on September 21st 2009 during evening peak hours. Last year during this period maximum peak demand met in the country was around 84,885 MW. Thus a growth of 16.7% has been observed in meeting peak demand in the country.
The highest peak availability has been possible due to improved hydro generation revival of thermal units which were under maintenance and strong inter regional links established by Power Grid Corporation of India Limited a Navratna PSE under Ministry of Power and the Central Transmission Utility of the country.
It is expected that peak availability of power in the country may reach in six digits very soon. In terms of energy, total consumption on 21.09.09 was 2.20 billion units as compared to 1.82 billion units on 21.09.08 resulting in rise of about 21.1%. The hydro power generation was 472 MU, ie 7.4% increase as compared to 439 MU on the same day last year.
Establishment of National Grid by POWERGRID is facilitating transfer of surplus power across the country. A vibrant power market is working in the country and POWERGRID’s network facilitated all the transactions approved by power exchanges without any congestion in any of the areas.
The existing inter-regional power transfer capacity of 20,800 MW is planned to be enhanced further depending upon generation capacity addition through strengthening of regional grids and building more inter-regional links.
POWERGRID has emerged as one of the largest and best managed transmission utilities in the world and playing a strategic role in Indian Power Sector. At present, POWERGRID is operating around 72,500 ckt kilometers of transmission lines and 124 Substations with a transformation capacity of 82,100 MVA.
Sourse From: www.steelguru.com
The highest peak availability has been possible due to improved hydro generation revival of thermal units which were under maintenance and strong inter regional links established by Power Grid Corporation of India Limited a Navratna PSE under Ministry of Power and the Central Transmission Utility of the country.
It is expected that peak availability of power in the country may reach in six digits very soon. In terms of energy, total consumption on 21.09.09 was 2.20 billion units as compared to 1.82 billion units on 21.09.08 resulting in rise of about 21.1%. The hydro power generation was 472 MU, ie 7.4% increase as compared to 439 MU on the same day last year.
Establishment of National Grid by POWERGRID is facilitating transfer of surplus power across the country. A vibrant power market is working in the country and POWERGRID’s network facilitated all the transactions approved by power exchanges without any congestion in any of the areas.
The existing inter-regional power transfer capacity of 20,800 MW is planned to be enhanced further depending upon generation capacity addition through strengthening of regional grids and building more inter-regional links.
POWERGRID has emerged as one of the largest and best managed transmission utilities in the world and playing a strategic role in Indian Power Sector. At present, POWERGRID is operating around 72,500 ckt kilometers of transmission lines and 124 Substations with a transformation capacity of 82,100 MVA.
Sourse From: www.steelguru.com
NHPC defends issue price and says INR 36 per share justified
It is reported that NHPC stock saw muted response in trade post its listing falling below it’s issue price. However Mr SK Garg CMD of NHPC defends the issue price saying that it was justified at INR 36 per share adding that offloading by high net individuals was perhaps the biggest factor for slippage of the stock.
Mr Garg expects the stock to pick up in the near future. He further said that currently, the company’s return on equity was at 17% across its 13 power stations. The installed capacity of the company will be 9500 MW by 2013.
Here is a verbatim transcript of the exclusive interview with Mr SK Garg on CNBC-TV18.
Q. On hindsight it seems it would have been prudent for you to price that issue at the lower end of the band and not at INR 36 where you chose to?
A - I don’t think because what has happened is the price which we had earlier decided, was quite reasonable and as I mentioned several times earlier also that it was neither overpriced not under priced. So far the price of our share is concerned INR 36 from the upper band I think this was a right price and we have gone ahead with that. On the day of listing, on the September 1, it opened on a positive note with an 8% rise and went up to INR 42. After that there was some decline. We have been observing that it’s touching INR 33 to INR 34, it’s hovering around that. But overall, as far as shares are concerned, as things are moving in the corporation itself and more projects are on the threshold of commissioning, we hope our shares will pickup in the foreseeable future. So in totality, I still feel that the pricing we have decided is still reasonable.
(Sourced from www.steelguru.com)
Mr Garg expects the stock to pick up in the near future. He further said that currently, the company’s return on equity was at 17% across its 13 power stations. The installed capacity of the company will be 9500 MW by 2013.
Here is a verbatim transcript of the exclusive interview with Mr SK Garg on CNBC-TV18.
Q. On hindsight it seems it would have been prudent for you to price that issue at the lower end of the band and not at INR 36 where you chose to?
A - I don’t think because what has happened is the price which we had earlier decided, was quite reasonable and as I mentioned several times earlier also that it was neither overpriced not under priced. So far the price of our share is concerned INR 36 from the upper band I think this was a right price and we have gone ahead with that. On the day of listing, on the September 1, it opened on a positive note with an 8% rise and went up to INR 42. After that there was some decline. We have been observing that it’s touching INR 33 to INR 34, it’s hovering around that. But overall, as far as shares are concerned, as things are moving in the corporation itself and more projects are on the threshold of commissioning, we hope our shares will pickup in the foreseeable future. So in totality, I still feel that the pricing we have decided is still reasonable.
(Sourced from www.steelguru.com)
Shipping rates see reverse trend
Freight rates for shipping tankers and bulk carriers have seen a reverse trend in the last three weeks, as the approaching winter increases the demand for crude carriers while the rising inventory of iron ore in China dampens the requirement for the vessels it is carried by.
The Baltic Dirty Tanker Index a benchmark for the freight rate of crude carriers rose by 20% in three weeks to 565 on Friday.
Mr KS Nair director of bulk carrier and tanker segment at the Shipping Corporation of India said that “It is only the winter effect that has helped the tanker rates move up. Freight rates are not expected to have surprises in the next one year.”
According to Mr Nair, bulk carriers can handle their operational cost at the 4,000 to 4,500 index level and running at the current freight rate is tough. He added that it is the high inventory of iron ore in China that has affected the freight rate for the bulk carriers.
Mr Yudhishthir Khatau MD of Varun Shipping said that “For tankers, depending on the routes, some players are able to recover the operational cost even at these levels. But it is too early to say whether it is cyclical effect of approaching winter or it is headed for a long-term recovery.”
Consumption of oil in western countries increases in winter on account of the heating requirements and usually this period sees an uptake in demand for tankers. However Mr Jehangir Adi Master a shipping industry analyst with ICICI Securities said that “Freight rates are set for gradual recovery.”
He estimates the Baltic Dry Index to rise by 20% by the end of the current year as economies have been recovering globally and demand picking up. He added that “Tanker rates may also rise by 20% to 25% by the end of the year.”
(Sourced from Business Standards)
The Baltic Dirty Tanker Index a benchmark for the freight rate of crude carriers rose by 20% in three weeks to 565 on Friday.
Mr KS Nair director of bulk carrier and tanker segment at the Shipping Corporation of India said that “It is only the winter effect that has helped the tanker rates move up. Freight rates are not expected to have surprises in the next one year.”
According to Mr Nair, bulk carriers can handle their operational cost at the 4,000 to 4,500 index level and running at the current freight rate is tough. He added that it is the high inventory of iron ore in China that has affected the freight rate for the bulk carriers.
Mr Yudhishthir Khatau MD of Varun Shipping said that “For tankers, depending on the routes, some players are able to recover the operational cost even at these levels. But it is too early to say whether it is cyclical effect of approaching winter or it is headed for a long-term recovery.”
Consumption of oil in western countries increases in winter on account of the heating requirements and usually this period sees an uptake in demand for tankers. However Mr Jehangir Adi Master a shipping industry analyst with ICICI Securities said that “Freight rates are set for gradual recovery.”
He estimates the Baltic Dry Index to rise by 20% by the end of the current year as economies have been recovering globally and demand picking up. He added that “Tanker rates may also rise by 20% to 25% by the end of the year.”
(Sourced from Business Standards)
Nissan to launch Infiniti brand in India
Affluent Indian automobile buyers may get another brand to choose from Japan’s Nissan third largest car maker is looking at the possibility of launching Infiniti a luxury brand owned by it in India.
Known for its luxurious features and power packed driving characteristics, Infiniti is a premium brand which competes with benchmark ones globally such as Mercedes, BMW, Porsche, Audi and Accura.
Mr Kiminobu Tokuyama MD and CEO of Nissan Motor India told Business Standard that “We have got a global Infiniti business unit which is a separate unit from Nissan Motor Company. They have been studying all the opportunities and I am sure they will start studying the Indian market, as it is the best potential market in the world.”
Nissan has been pushing for expansion of the Infiniti brand into newer markets across the globe Taiwan, South Korea, Russia, Ukraine, China and Western Europe over the years. The brand is popular in the very developed automotive markets of the US and Canada.
However, if launched in India, all Infiniti models would carry a hefty price tag, as they would not be locally made and will have to pay 100 per cent duty.
Infiniti’s line up includes sedans, coupes, convertibles, sports utility vehicles and SUV coupes, falling in the range of USD 33,250 (INR 1.6 million) to USD 56,050 (INR 2.7 million) in the US market. These vehicles are propelled by engines of capacities ranging from 3.6 liter V6, 328 BHP to 5.6 liter, V8, 320-bhp.
(Sourced from Business Standards)
Known for its luxurious features and power packed driving characteristics, Infiniti is a premium brand which competes with benchmark ones globally such as Mercedes, BMW, Porsche, Audi and Accura.
Mr Kiminobu Tokuyama MD and CEO of Nissan Motor India told Business Standard that “We have got a global Infiniti business unit which is a separate unit from Nissan Motor Company. They have been studying all the opportunities and I am sure they will start studying the Indian market, as it is the best potential market in the world.”
Nissan has been pushing for expansion of the Infiniti brand into newer markets across the globe Taiwan, South Korea, Russia, Ukraine, China and Western Europe over the years. The brand is popular in the very developed automotive markets of the US and Canada.
However, if launched in India, all Infiniti models would carry a hefty price tag, as they would not be locally made and will have to pay 100 per cent duty.
Infiniti’s line up includes sedans, coupes, convertibles, sports utility vehicles and SUV coupes, falling in the range of USD 33,250 (INR 1.6 million) to USD 56,050 (INR 2.7 million) in the US market. These vehicles are propelled by engines of capacities ranging from 3.6 liter V6, 328 BHP to 5.6 liter, V8, 320-bhp.
(Sourced from Business Standards)
GAIL constructing INR 18,000 crore worth of pipelines
It is reported that state run utility GAIL Ltd is constructing pipelines worth INR 18,000 crore, which will augment its gas transportation network by 6,000 kilometres over the next three years.
Mr A K Purwaha director business development of GAIL said that “We currently have pipelines worth INR 18,000 crore under construction. We will be adding 6,000 kilometers of pipelines over the next 3 to 4 years.”
He added that the company, at present has a network of 7,000 kilometers. The company has invested in five new pipelines and taken up upgradation of some existing networks.
GAIL had earlier said that it would lay a 600 km pipeline from Jhabua to Kailaras in Madhya Pradesh at an estimated cost of INR 3,000 crore. It also plans to commission a few pipelines in the current fiscal, Purwaha said, but did not give details.
GAIL, which has a CAPEX plan of INR 5,558 crore in 2009-10 plans to more than double the amount of gas it transports by 2011-12.
(Sourced from Business Line)
Mr A K Purwaha director business development of GAIL said that “We currently have pipelines worth INR 18,000 crore under construction. We will be adding 6,000 kilometers of pipelines over the next 3 to 4 years.”
He added that the company, at present has a network of 7,000 kilometers. The company has invested in five new pipelines and taken up upgradation of some existing networks.
GAIL had earlier said that it would lay a 600 km pipeline from Jhabua to Kailaras in Madhya Pradesh at an estimated cost of INR 3,000 crore. It also plans to commission a few pipelines in the current fiscal, Purwaha said, but did not give details.
GAIL, which has a CAPEX plan of INR 5,558 crore in 2009-10 plans to more than double the amount of gas it transports by 2011-12.
(Sourced from Business Line)
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