Tata Steel fears that it may have to start its 3-million-tonne Kalinganagar steel plant without a captive iron ore mine, since the state has not taken any initiative as yet to allot it a mine.

Anand Sen Tata Steel’s vice-president for quality management and in-charge of Kalinga Nagar project told FE the company would need 4.8 million tonne of iron ore per annum to run its 3 mtpa plant and by this time the government should have allotted the mines.

Consolidated net sales were Rs 33,867.32 cr for the given quarter as against Rs 32,507.45 cr last year

Due to lower steel prices and higher raw material costs, coupled with the poor performance of its Europe division, Tata Steel reported a consolidated (including Tata Steel Europe Ltd, formerly Corus) net loss of Rs 363.9 crore for the second quarter (July-September). The company had posted a net profit of Rs 212 crore for the corresponding period of last year.

Bhubaneswar When Union Minister of State for Chemicals and Fertilisers Srikant Jena described Orissa’s mining scam as bigger than those of Goa and Karnataka put together, it might have been only a figure of speech. But indication of how big it could be has come now, with a penalty demand note of Rs 68,000-odd crore sent by the Orissa steel and mines department to the holders of 103 mining leases for excess mining between 2000 and 2010.

The showcause and demand notices to companies such as Tata Steel, Essel Mining, Rungtas and Indrani Patnaik for extracting iron ore and manganese beyond the permissible limit set by the authorities came almost three years after the mining scam had broken out in the state. Incidentally, the order came when members of the Justice M B Shah Commission, now probing the scam, were touring the state for the third time in less than a year.

Amid speculation that Larsen and Toubro Ltd (L&T) is planning to sell its stake in Dhamra Port Co Ltd (DPCL), an equal joint venture between the engineering giant and Tata Steel Ltd, the Odisha government has ruled out immediate allotment of land for the port's second phase expansion.

"Allotment of additional land to DPCL for the second phase development at this stage does not appear tenable. Further claim of additional land by DPCL shall be considered by the state government on the basis of a norm (thumb rule) being formulated,” G Mathi Vathanan, secretary (commerce and transport), Odisha, stated in a letter to Santosh K Mohapatra, chief executive officer (CEO) of DPCL.

Tata Steel on Tuesday said it would contest the Rs 6,000-crore fine imposed on the company by the Odisha government over alleged violation of mining norms in the state.

The company, which has captive iron ore and manganese mines and dolomite quarries in Odisha, was slapped a fine of about Rs 6,000 crore last week by the state government on the charges of “illegal and excess mining” at its iron ore mines.

New Delhi The Odisha government is believed to have slapped a fine of about Rs 6,000 crore on Tata Steel for its alleged involvement in "illegal and excess mining" at its captive mines.

Deputy Director of Mines (DDM) of Joda mining circle has slapped the fine on the steelmaker and on several other iron ore producers on charges of "illegal and excess mining", the source added.

The Odisha government has asked leading steel and iron ore companies to pay over .

State sends notices to Essel Mining, Tata Steel, Sarda Mines and others

Scrutinises mineral trade details of other three mines

The Justice M B Shah Commission of enquiry on Thursday sought details on output and raising permission of Tensa iron ore mines belonging to Jindal Steel and Power Ltd (JSPL) in Koira mining circle during its first day of field trip. During mining lease record verification process, the commission members had found some mismatch between its actual raising area details and map shown on Google Earth.

The company has got the entire 2,700 acres of land near Bellary, Karnataka

ArcelorMittal has finally crossed the biggest hurdle in setting up any project in India -- land. The company has got the entire 2,700 acres of land near Bellary, Karnataka, required for its steel plant from the state government. Bellary is the the rich iron ore district of Karnataka where most of the steel plants, including 10 million tonne plant of JSW Steel is located. The land has been acquired by the Karnataka government through Karnataka Industrial Area Development Board (KIADB) and the company has deposited Rs 260 crore with the government for the same.