Metal - News and Analysis

Pioneer Alloy Castings to invest Rs.4000 million in Renigunta

Pioneer Alloy Castings has two foundries one at Gummidipoondi and another one at Renigunta with a cumulative casting capacity of 40,000 tonnes. The company is currently planning to invest Rs.4000 million to augment machining capacity. The company also has 30 acres of land at Renigunta, 15 acres in Tada and 6 acres in Gummidipoondi supplies to OEMs like Mahindra & Mahindra, Eicher and TAFE tractors and has orders worth Rs.4000 million . K S Gita, CEO

Sree Metalliks to invest Rs.20000 million

Sree Metaliks has two integrated steel complex at Barbil and Angul in Orissa with a capacity of 0.28 mtpa which was set up at an investment of Rs.3070 million. The company is planning to invest Rs.20000 million to set up a 540 MW (2 x 270 MW) captive power unit near upcoming Dhamra Port. The project will use imported and indigenous coal which may be procured from Mozambique. Besides this, the company is also planning to set up 0.7 mtpa integrated steel plant (1.2 mtpa pelletization plant, 1mtpa beneficiation plant and a 50 MW captive power unit) at Anra in Keonjhar district in the state with an investment of Rs. 9670 million. Mr.Manoranjan Sahoo,- VP-Commercial, Mr.Pradeep Sen- Exe.Dir

Essar Steel to commission steel project

Last Updated on Friday, 29 January 2010 09:47

Essar Steel is in the process of commissioning its steel project which will raise its production capacity from 4.6 mtpa to 10.0 mtpa. To facilitate operations and for optimization, the company has sought an alliance from Rio Tinto for supply of iron ore to the tune of 160000 tonnes of iron ore from Rio Tinto’s Pilbara mines from Australia. Further the 274-km long Bailadila- (Chhattisgarh)-Vizag (Andhra Pradesh) pipeline of Essar Steel was blown up allegedly by the Maoists, in May 2009 cutting of iron ore supply

Karnataka government plans steel park at Bellary-Hospet area

Karnataka government plans steel park at Bellary-Hospet area which is rich in iron ores. Already lot of small and steel unit are concentrated there. Now the state government, wants to develop a port at Tadri, a good connectivity, a nuclear power plant in an area of 500 sq.kms. It is also setting up a 120 km rail link between Hubli and Ankola. The govt. hopes to generate Rs.200 billion of investment from steel majors like Tata Steel, JSW, NMDC etc.,