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US imports and exports fall as coal output increases in Q3 2014 - EIA - SteelGuru


US imports and exports fall as coal output increases in Q3 2014 - EIA
SteelGuru
The US Energy Information Administration said that US coal production in the Q3 of 2014 totaled 255.3 million, a 3.9% increase over the previous quarter and a 0.9% decrease below the year-ago quarter. EIA said that production in the Western Region ...

Pennar Industries bags orders worth INR 150 crore across divisions - SteelGuru


Pennar Industries bags orders worth INR 150 crore across divisions
SteelGuru
Pennar Industries and its subsidiaries Pennar Engineered Building Systems (PBS Pennar) and Pennar Enviro have announced they have bagged orders worth INR 150 crore across divisions. In a regulatory filing, the company informed these orders were ...

CLP to build a major coal-fired power plant in India - SteelGuru


CLP to build a major coal-fired power plant in India
SteelGuru
South China Morning Post reported that CLP Holdings, the larger of Hong Kong's two power utilities, is preparing to build a major coal-fired power plant in India where it booked losses in earlier years due to fuel shortages. Mr Richard Lancaster CEO of ...

MoEF approves a 1200 MW hydel project on Lohit river in Arunachal - SteelGuru


MoEF approves a 1200 MW hydel project on Lohit river in Arunachal
SteelGuru
The Indian Express reported that moving to fast-track environment clearance for hydel projects in Arunachal Pradesh, an expert panel of the Ministry of Environment and Forests has shown the green light to a 1200 MW project on the Lohit river and is set ...

Mytrah Energy wins INR 853 cr loan for 150 MW wind projects - SteelGuru


Mytrah Energy wins INR 853 cr loan for 150 MW wind projects
SteelGuru
Business Line reported that independent power producer focussing on wind energy projects, Mytrah Energy Limited has signed an INR 852.78 crore long-term loan agreement with a leading Indian financial institution. The loan will be used as long-term ...

Budget Update -Goa miners expect zero duty on iron ore export - SteelGuru


Budget Update -Goa miners expect zero duty on iron ore export
SteelGuru
PTI reported that mining industry players in Goa said that they are expecting the central government to scrap export duty on iron ore in the Budget as the move is much needed for survival of the beleaguered industry in the state. Mr Shivanand ...

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India's secondary steel market faces budget test on high note - SteelGuru


India's secondary steel market faces budget test on high note
SteelGuru
The two week long uncanny rally in secondary market peaked on weekend with rally galore in raw material and finished level. Fuelled by shortage of input material viz., pencil ingot and billet and catalyzed by expectation of possible 2.5-5% hike in ...

ED attaches India Cements' property valued at INR 120 crore - SteelGuru


ED attaches India Cements' property valued at INR 120 crore
SteelGuru
Business Line reported that the Enforcement Directorate has attached India Cements' assets totalling over INR 120 crore as part of an ongoing investigation. India Cements Ltd said that it has received an order from the Hyderabad Zonal Office of the ...

Odisha to scrap deals with Rio Tinto, Sesa Sterlite, Hindalco - SteelGuru


Odisha to scrap deals with Rio Tinto, Sesa Sterlite, Hindalco
SteelGuru
The Hindu cited an official as saying that the Odisha Government has decided to scrap JV agreements with global major Rio Tinto, Vedanta group firm Sesa Sterlite and Aditya Birla group-owned Hindalco Industriesy. The Odisha Mining Corporation, run by ...

Greenko's wind power capacity increases by 154MW in 9 month - SteelGuru


Greenko's wind power capacity increases by 154MW in 9 month
SteelGuru
Business Line reported that renewable energy project developer Greenko has increased the power generation capacity by 46% in the nine month period ended December 31st, with 1,565 MW up from 1,072 MW. The company's installed wind power capacity ...

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