Proposed transaction in JSW Energy will be for about . 100 cr
Ispat Industries, the Dolvibased steelmaker that was acquired by Sajjan Jindal

IN A BID to offset the ever-increasing coking coal prices and widening the gap between demand and supply, industry body, Assocham, has submitted a proposal to encourage new green technologies used in steel production with a view to reduce costs and carbon emissions while improving productivity.

ROURKELA: Hearing a petition filed against the Rourkela Steel Plant (RSP), the Supreme Court in a recent order took the management to task and snubbed the Orissa State Pollution Control Board (OSPCB) for not adequately utilising its statutory powers to check environmental pollution.

The Federal Minister for Industries and Production, Manzoor Ahmad Wattoo, has said that Pakistan Steel will enhance its production from 1.1 million tons to 15 million tons, for which tenders will be called from international market, while six countries have already have shown interest in this regard.

How green is my water bottle?

By Daniel Goleman and Gregory Norris, The New York Times
So, is stainless steel really better than plastic?

S. K. Roongta

NEW DELHI: The Steel Authority of India (SAIL) on Monday announced that it had posted Rs. 1,835 crore net profit for the quarter ended June 30, a growth of 20.3 per cent over same period last fiscal riding on a 10-per cent growth in domestic sales including that of quality steels. It had a net profit of Rs. 1,525.12 crore in the first quarter of fiscal 2008.

The company's total income rose by 36.85 per cent to Rs. 11,421.99 crore in the latest quarter from Rs. 8,346.40 crore in the year-ago period.

The Centre could give its consent to the proposed Nayachar chemical hub in two to three months. Union minister Ram Vilas Paswan said an expert panel was examining the proposal sent by Bengal.

The Chhattisgarh government has acquired land from more than 1,000 people in the Lohandiguda block of Bastar district to facilitate Tata Steel build its greenfield integrated steel plant in the distri

The unions of public sector units are opposed to entrusting land belonging to AP Steel Factory to private agencies for developing it. The land is located in Paloncha town and several private companies vied for it. It is valued at over Rs 100 crore. The workers union of Sponge Iron India Limited has been demanding that the government allocate the land for the expansion of Sponge Iron India Limited. Andhra Pradesh Industrial Infrastructure Development Corporation acquired the land in survey numbers 442, 443, 444 in Paloncha to set up a steel factory when Jalagam Vengala Rao was the chief minister. SIIL Officers Union leader K. Gopi Krishna said that the Central government is making efforts to merge the SIIL with National Mineral Development Corporation. He said additional land would be needed for the expansion of SIIL after merging it with NMDC. "Thousands of jobs would be created with the expansion,' he said. SIIL has sent proposals for setting up another sponge iron unit with a capacity of two lakh tonnes at a cost of Rs 320 crore, a captive power plant with a capacity of 45mw, induction furnace and casting machine to the government for ratification. SIIL was incurring losses till 2002 and has been earning profits for the last four years. Because of the development, NMDC planned to merge it and expand it. The increasing demand for sponge iron is also one of the reasons for the expansion of SIIL. SIIL Supervisors Association president D. Chennamallu said, "The workers wanted to shape Paloncha into a steel town by expanding SIIL.' He said the unions would oppose any gesture of handing over the land to real estate companies. Indian National Trade Union Congress leader Shaik Jaleel said the unions decided to submit a memorandum on the issue to the Chief Minister soon in Hyderabad. "The SIIL would get a boost if the land is given for expansion,' he said.