The recent decision of the Supreme Court capping iron ore production at 30 million tonnes per annum in Karnataka has not deterred iron and steel companies from expanding their capacities. Both the existing and new steel companies have lined up expansion plans as well as set up greenfield plants in the ore-starved Karnataka state.

While newcomers like Arcelor Mittal and Posco are still awaiting allotment of captive mining leases before commencing work on their respective six million tonne per annum greenfield steel plants in the state, existing manufacturers like JSW Steel Ltd, BMM Ispat Ltd and Kalyani Steel have planned expansion.

Not able to make progress in its proposed `50,000 crore steel project in Jharkhand, the world’s largest steelmaker, ArcelorMittal, has sought the Centre’s help in expediting grant of mining lease i

The Comptroller and Auditor General (CAG) has estimated windfall gains of Rs 1.86 lakh crore to over 90 private companies that were allocated captive coal blocks between 2004 and 2009 in an alleged

Even as decks are being cleared for recommencement of iron ore mining in Karnataka, following the clearance from a Supreme Court panel, the Karnataka government has initiated the process of allotting fresh mining lease to Arcelor Mittal India.

Arcelor Mittal has proposed to set up a six million tonne per annum steel plant and a 750-Mw captive power plant at an investment of Rs 30,000 crore in Bellary district. It signed a memorandum of understanding with the state government during the Global Investors’ Meet in June 2010.

Bangalore After a three-year gap, the Karnataka government has initiated the process to recommend new iron ore mining leases, a move that could speed up the launch of large steel projects by ArcelorMittal and Tata Metaliks in the state.

“We have started the process by surveying land in Bellary and studying availability of iron ore deposits,” MN Vidyashankar, principal secretary, department of industries & commerce, Karnataka, told FE. The state government will have to forward lease recommendations for various parties to the Centre, which is the final ratifying authority.

The recent decision of the Supreme Court capping iron ore production at 30 million tonnes per annum in Karnataka has not deterred iron and steel companies from expanding their capacities.

The State Government on Monday said it is optimistic about establishment of ArcelorMittal’s proposed 12 million tonne per annum (mtpa) steel plant in Keonjhar district in a peaceful manner.

A working paper to be circulated among members of CII and Ficci before a second meeting of the two sides next month

Industry and civil society representatives agreed today on the need for a platform to discuss and create a consensus on land acquisition/utilisation and other basic issues in this regard. At a meeting in this regard convened by Business and Community Foundation, an agency working on these and other issues, the two sides came together for a discussion on issues related to displacement. From industry, there were representatives from Tata Steel, ArcelorMittal, Cadbury, Nestle, the Jindal group, the Confederation of Indian Industry (CII) and the Federation of Indian Chambers of Commerce and Industry (Ficci).

Less than a decade ago, the infusion of private sector efficiency and project management skills was widely hailed as the panacea for turning around the all-pervasive slack visible in the execution

The country's steel production capacity has reached 80 MT per annum with plans to ramp it up to 120 MTPA during the current fiscal

An inter-ministerial panel will meet later this month to sort out issues impeding big-ticket investments in the steel sector. "An inter-ministerial group (IMG) on July 25 would review the current status of major steel investment projects and find out solutions to problems impacting them," a Steel Ministry official said. The group will have participation from ministries of steel, coal, mines, environment, railways and shipping among others.