The Jharkhand government has failed to pocket revenues to the tune of Rs 61.46 crore because of an endless delay in renewing leases of mining areas owned by the erstwhile Indian Iron and Steel Comp
Government-owned Steel Authority of India (SAIL) has decided to set up 10 more steel-processing units across the country, once its expansion programme of ramping up hot metal capacity from the present 14 million tonne (mt) to 24 mt per annum is completed by 2013.
PSU in talks to acquire stakes in potential coal properties in Indonesia, South Africa, Mongolia
A steep hike in the coal import bill over the past few months, coupled with a planned capacity hike to 19.5 million tonnes this year, has made the Steel Authority of India Limited (SAIL) speed up its plans to acquire coking coal assets abroad.
The PSU major, which sources 70% of its coal through im
