steelguruinfo

Indian long product price index down by 23 points

2010-06-07T23:08:00.001-07:00

The Indian Long Product Price Index ILPPI went up down by 12 points whereas Indian Flat Product Price Index IFPPI went down by 23 points. The overall Indian Steel Price Index INDSPI went down by 5 points

in reference to: Google (view on Google Sidewiki)

Nano production to begin at Gujarat in fourth quarter

2009-11-27T22:01:00.001-08:00

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

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Surya Roshni eyeing to venture into the real estate sector

2009-11-27T22:00:00.003-08:00

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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JSW appoints AISCO as distributor of JSW TMT PLUS

2009-11-27T22:00:00.001-08:00

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

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INDSPI - SENSEX for domestic steel prices in India

2009-11-27T21:59:00.001-08:00

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

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Invitation to use FREE services of world’s largest steel and metals’ portal www.steelguru.com

2009-11-27T21:28:00.001-08:00

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
2. Indian
3. Middle East
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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http://www.steelprices-middleeast.com
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

in reference to: Google Sidewiki (view on Google Sidewiki)

Avantha Power to raise up to INR 1000 crore via IPO

2009-11-15T20:34:00.001-08:00

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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Indo and US cooperation in the Field of energy

2009-11-15T20:32:00.000-08:00

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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ONGC and OIL purposes hike gas price by 33pct

2009-11-15T20:30:00.001-08:00

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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Kardemir results for 9 months

2009-11-09T23:07:00.005-08:00

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)

Kardemir results for 9 months

2009-11-09T23:07:00.001-08:00

Slowdown signs - Japanese construction firms remain unpaid for work in Dubai

2009-11-09T23:06:00.001-08:00

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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LISCO 9 months production updates

2009-11-09T23:04:00.001-08:00

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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Sponge iron price remains flat on Nov 5

2009-11-05T22:50:00.005-08:00

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)

GC (HDG) price decreases in Delhi

2009-11-05T22:50:00.003-08:00

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)

Plate cuttings prices down at Alang

2009-11-05T22:50:00.001-08:00

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)

Steel melting scrap price increases in Mandi

2009-11-05T22:49:00.003-08:00

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)

Bangladesh defends beaching method for ship breaking

2009-11-05T22:49:00.001-08:00

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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Ashok Leyland rolls out 6011 vehicles in October 2009

2009-11-05T22:48:00.002-08:00

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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Directory of Induction Furnace Based Steel Makers in India

2009-11-05T22:48:00.000-08:00

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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NHPC Q2 net dips marginally to INR 617 crore

2009-11-05T22:47:00.001-08:00

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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HRC prices surge in major places on Nov 3

2009-11-04T21:14:00.002-08:00

Sponge iron price movements on Nov 3

2009-11-04T21:14:00.000-08:00

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

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GC (HDG) price decrease in Rudrapur

2009-11-04T21:13:00.001-08:00

Plate cuttings prices dip at Alang

2009-11-04T21:12:00.001-08:00

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

Patra (Narrow HR strips) price falls in Ludhiana

2009-11-03T21:38:00.003-08:00

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)

HRC prices surge in major places on Nov 3

2009-11-03T21:38:00.001-08:00

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)

GC (HDG) price decrease in Rudrapur

2009-11-03T21:34:00.003-08:00

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)

Plate cuttings prices dip at Alang

2009-11-03T21:34:00.001-08:00

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)

Wide steel plate price falls in Kolkata on Nov 3

2009-11-03T21:33:00.003-08:00

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)

Steel melting scrap price fall in Hyderabad

2009-11-03T21:33:00.001-08:00

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)

Madras Cements to sell stake in arm

2009-11-03T21:32:00.001-08:00

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)

Maersk Line to hike freight rates

2009-11-03T21:30:00.001-08:00

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

Timken India Q2 net down by 38pct

2009-11-01T20:33:00.001-08:00

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

Saurashtra Cement Q2 net loss up by 25pct

2009-11-01T20:32:00.001-08:00

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.

Double eco achievement as Bapco project reduces emissions

2009-11-01T20:31:00.005-08:00

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

INR 150 crore products destroyed in IOC fire near Jiapur

2009-11-01T20:31:00.003-08:00

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

Work on Srisailam hydel project restore

2009-11-01T20:31:00.001-08:00

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

Work on Bengal to Sikkim broad gauge railway line begins

2009-11-01T20:30:00.001-08:00

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

Sunil Hi Tech Q2 revenue up by 53pct

2009-11-01T20:29:00.001-08:00

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

Wide plate price remain flat on Oct 23

2009-10-24T00:28:00.001-07:00

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)

Steel angle prices drop in Ahmedabad on Oct 23

2009-10-24T00:27:00.003-07:00

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)

Wire rod prices remain flat in major places

2009-10-24T00:27:00.001-07:00

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)

Rebar (TMT) price drop in Rudrapur on Oct 23

2009-10-24T00:26:00.005-07:00

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)

CR price movement in India on Oct 23

2009-10-24T00:26:00.003-07:00

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)

Patra (Narrow HR strips) price remains flat on Oct 23

2009-10-24T00:26:00.001-07:00

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

HRC prices drop in Delhi and Ludhiana on Oct 23

2009-10-24T00:25:00.003-07:00

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)

Iran intends to engage China and India in oil extraction

2009-10-24T00:25:00.001-07:00

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

Mr Sudhir Kumar appoints as part time director of NHPC

2009-10-24T00:24:00.003-07:00

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

Aditya Birla group inks pact for INR 1500crore port in Orissa

2009-10-24T00:24:00.001-07:00

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

HCC bags INR 167 crore water supply project in Gujarat

2009-10-24T00:23:00.001-07:00

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

HCC bags water supply project in Gujarat

2009-10-22T21:56:00.000-07:00

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)

SAIL reschedules board meeting to Oct 30

2009-10-22T21:55:00.003-07:00

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)

Chettinad Cement Corp net up by 30pct for September quarter

2009-10-22T21:55:00.001-07:00

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

Visakhapatnam Port shortlists bidders for coal handling project

2009-10-22T21:53:00.003-07:00

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

Kerala cabinet clears INR 450 crore for Vizhinjam ICTT project

2009-10-22T21:53:00.001-07:00

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

Directory of Steel Tube Manufacturers in India

2009-10-22T21:52:00.004-07:00

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

Shipbuilders concentrating on repairs to stay afloat

2009-10-22T21:52:00.002-07:00

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

SCI ink shipyard MoU with Cochin Shipyard

2009-10-22T21:52:00.000-07:00

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

INDSPI - SENSEX for domestic steel prices in India

2009-10-22T21:51:00.003-07:00

SCCL to enter into power generation business

2009-10-22T21:51:00.001-07:00

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

Slowdown signs - DLF may scrap 270 row houses project in Bangalore

2009-10-21T21:35:00.001-07:00

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)

MIDC to develop areas around Delhi Mumbai corridor

2009-10-21T21:34:00.003-07:00

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)

Indian Railway revenue up by 16pct in 10 days

2009-10-21T21:34:00.001-07:00

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

Indiabulls Power IPO likely to be fixed at INR 45

2009-10-21T21:33:00.003-07:00

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

MOL renews long term lease pact for box terminal with Port of Los Angeles

2009-10-21T21:33:00.001-07:00

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

Oil industry safety awards presented for 2008-09

2009-10-21T21:32:00.005-07:00

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

RIL eying oil refiners in US and Europe

2009-10-21T21:32:00.003-07:00

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

SCI takes delivery of MR product tanker MT Swarna Kalash

2009-10-21T21:32:00.001-07:00

Mangalore SEZ plans petcoke project

2009-10-21T21:31:00.001-07:00

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

Listed PSUs may not be exempt from 25pct pub holding proposal

2009-10-20T22:41:00.003-07:00

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)

Sesa Goa EGM outcomes

2009-10-20T22:41:00.001-07:00

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

Indian Railway revenue up by 16pct in 10 days

2009-10-20T22:40:00.003-07:00

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

MIDC to develop areas around Delhi Mumbai corridor

2009-10-20T22:40:00.001-07:00

Indiabulls Power IPO likely to be fixed at INR 45

2009-10-20T22:39:00.003-07:00

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

MOL renews long term lease pact for box terminal with Port of Los Angeles

2009-10-20T22:39:00.001-07:00

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

Oil industry safety awards presented for 2008-09

2009-10-20T22:38:00.003-07:00

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

SCI takes delivery of MR product tanker MT Swarna Kalash

2009-10-20T22:38:00.001-07:00

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)

RIL eying oil refiners in US and Europe

2009-10-20T22:37:00.005-07:00

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

Mangalore SEZ plans petcoke project

2009-10-20T22:37:00.003-07:00

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

Pipavav Shipyard wins USD 111.8 million order

2009-10-20T22:37:00.001-07:00

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

Slowdown signs - Vizag Port cargo handling dips in H1

2009-10-09T00:25:00.003-07:00

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

Agreement signed to bring ShipDecision technology to India

2009-10-09T00:25:00.001-07:00

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

Patra (Narrow HR steel strips) price surges in Mandi

2009-10-07T21:51:00.001-07:00

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)

HRC price declines Bangalore on Oct 7

2009-10-07T21:50:00.005-07:00

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)

GC (HDG) prices drop in Chennai and Ludhiana

2009-10-07T21:50:00.003-07:00

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)

Ship breaking steel scrap price drops by INR 200 at Alang

2009-10-07T21:50:00.001-07:00

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)

Pencil ingot price movement in major places on Oct 7

2009-10-07T21:49:00.003-07:00

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)

Era Infra wins contracts worth INR 146.79 crores

2009-10-07T21:49:00.001-07:00

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

Indian Railway revenue earnings up by 6.65pct during April to September

2009-10-07T21:48:00.003-07:00

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

Kamdhenu Ispat foray into drinking water business

2009-10-07T21:48:00.001-07:00

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

Floods may delay expected rise in cement price - Mr Reddy

2009-10-07T21:47:00.002-07:00

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

Work on West Bengal auto park to start next fiscal

2009-10-07T21:47:00.000-07:00

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

HEC sees growth in space, defence and nuclear energy

2009-10-07T21:46:00.001-07:00

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

Wide steel plate price falls in Kolkata and Ahmedabad

2009-10-06T22:25:00.003-07:00

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)

Ultratech to consider merger of Samruddhi Cement

2009-10-06T22:25:00.001-07:00

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

Macroeconomic indicators - Inflation seen at 8pct by March - Nomura

2009-10-06T22:24:00.003-07:00

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

IOC plans 50 MW wind power plant

2009-10-06T22:24:00.001-07:00

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

Prism Cement Q2 profit rises over two fold

2009-10-06T22:23:00.005-07:00

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

Rays of recovery - Growth in container traffic likely to continue

2009-10-06T22:23:00.003-07:00

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