Tag Archives: GDP

Steel ministry plans additional Rs 10 lakh crore investment in draft policy

KOLKATA: The union steel ministry‘s draft New Steel Policy 2017 estimates Rs 10 lakh crore of additional investment to create capacity that will meet anticipated crude steel demand of around 255 million tonne (mt) by 2030-31. A major part of … Continue reading

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Increased coal usage a serious setback for carbon reduction in Indian steel ind: Moody’s

MUMBAI: Global rating agency Moody’s today said that Indian steel industry is yet to introduce more stringent emission regulations, and an increase in coal usage poses a serious limitation to the potential for carbon reduction. The global steel industry’s progress … Continue reading

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Aluminium consumption in India picking up with GDP growth

KOLKATA: Aluminium consumption in the country is slowly picking up in the backdrop of an increase in GDP to 7.3 to 7.5 % this fiscal. Growth in electrical & electronics sectors, construction, transport & automobiles are likely to trigger higher … Continue reading

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Make in India: Regulatory framework for construction, mining sectors likely

MUMBAI: Government may soon come out with a separate “transparent” regulatory framework for construction, mining and earthmoving equipment sectors, a senior official said today. “The proposed regulatory framework is required to bring in more clarity as the concerns of the … Continue reading

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Budget 2016 to help steel industry meet its growth target: T V Narendran, Tata Steel

KOLKATA: The budgetary proposals announced by the Finance Minister will help the industry meet its growth target and reach its full potential. However, the doubling of Clean Energy Cess from Rs 200 to 400 per ton would further increase the … Continue reading

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Next-gen technologies needed in mining sector: VK Saraswat

NEW DELHI: To enhance productivity in the mining sector, former DRDO chairman and NITI Aayog member V K Saraswat today said, absence of geophysical and geochemical data, use of obsolete and time consuming drilling equipment is hampering growth in the … Continue reading

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mjunction auctions more than 1 lakh carats of rough diamonds for a PSU

Over 1 lakh carats of rough diamonds with a transaction value of Rs 110 crores have been e-auctioned by mjunctionfor a PSU mining company. A significant development amidst the global slowdown in diamond industry, the e-auction process has successfully overcome … Continue reading

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Indian chemical industry to touch $190 billion in next 2 years: Report

NEW DELHI: Indian chemical industry is likely to touch $190 billion by the financial year 2017-18 on account of increase in demand of the chemicals from industries of various sectors, a Tata group firm said in its report. At present, … Continue reading

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Reliance Infrastructure plans to triple cement capacity in 3 years to 15 million tonne

MUMBAI: Reliance Infrastructure (RInfra) plans to nearly triple its cement generation capacity to 15 million tonne per annum (mtpa) over the next three years. The current capacity of the Anil Ambani-led company stands at 5.8 mtpa from its plants in … Continue reading

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Construction sector may see $906 bn investment till FY’17

MUMBAI: The Indian construction industry is expected to see investments of over USD 906 billion during the current five-year plan period (2012-17). “We have seen slowdown in the real estate activity, but it is expected to pick up in the … Continue reading

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