Monday, 04 Jul 2011
PTI reported that Indian government has issued warning to seven more firms to begin the development of coal and lignite blocks allocated to them without further delay, failing which their coal blocks would be cancelled.
1. ArcelorMittal India Ltd
2. GVK Power
3. Bhushan Power & Steel Ltd
4. DCM Shriram Consolidated Ltd
5. VS Lignite Power Private Ltd
6. Mideast Intergrated Steels Ltd
7. West Bengal Power Development Corporation Ltd
ArcelorMittal India Ltd and GVK Power were warned for inordinate delay in developing Seregarha coal block, jointly allocated to them to meet the coal requirements for their captive power plants.
Bhushan Power & Steel Ltd was warned for Jamkhani coal block allocated to it in 2003, to meet the coal requirement of its sponge iron and captive power plants.
In addition, DCM Shriram Consolidated Ltd was warned for delaying the development of Kaparion Ki Dhani lignite block and V S Lignite Power Private Ltd for Lunsara lignite block.
Quite recently, the Indian coal ministry had issued warnings to seven other firms, asking them to either develop the blocks or get them cancelled.
In May, the Coal Ministry said a panel set up by it to look into the process of deallocation of coal blocks had recommended issuing warnings to 29 coal and three lignite blocks allocatees. The panel had also suggested cancellation of 14 coal blocks and one lignite block awarded to six PSUs, including NTPC and three private firms, for failing to develop the mines. (sourced from PTI)
Showing posts with label ArcelorMittal India. Show all posts
Showing posts with label ArcelorMittal India. Show all posts
Monday, July 4, 2011
Friday, March 4, 2011
SAIL to develop 6,500 acres owned by FCI at Sindri
Friday, 04 Mar 2011 by ET
State owned Steel Authority of India will develop unused land of about 6,500 acres owned by Fertilizer Corp of India at its Sindri unit in Jharkhand , but will wait for liberal terms from the government before venturing with its proposal.
Mr CS Verma chairman of SAIL said that “There have been informal discussions with the fertilizer ministry and we are waiting for a clear proposal from them, including the rate at which the land can be given, before we take a final call.”
Mr Verma declined to comment on SAIL’s estimate of the land at Sindri. He added that “The size of the land is adequate for a 5 million tonnes steel plant.”
The government initiated the talks to revive the Fertilizer Corp unit which has been shut since 2002. The plan included various sale options before short listing the idea of giving the land to another state-owned enterprise. SAIL is also keen on building a steel plant at Sindri as it can be integrated with the company’s existing unit at Bokaro which is 60 km away and can also use ore from nearby mine at Gua.
According to people familiar with the talks, SAIL had insisted on the land at Sindri after unconfirmed reports that ArcelorMittal India , too, was planning to approach the government for permission to build a steel project at the site.
Mr Verma declined to comment on SAIL’s estimate of the land at Sindri. He added that “The size of the land is adequate for a 5 million tonnes steel plant.”
According to estimates, the cost of building a 5 million tonne steel plant is about INR 22,000 to INR 23,000 crore. While the talks are still on, people familiar with the matter say that the fertilizer ministry has asked SAIL to consider an option to build a fertilizer unit at the site.
Mr CS Verma chairman of SAIL said that “There have been informal discussions with the fertilizer ministry and we are waiting for a clear proposal from them, including the rate at which the land can be given, before we take a final call.”
Mr Verma declined to comment on SAIL’s estimate of the land at Sindri. He added that “The size of the land is adequate for a 5 million tonnes steel plant.”
The government initiated the talks to revive the Fertilizer Corp unit which has been shut since 2002. The plan included various sale options before short listing the idea of giving the land to another state-owned enterprise. SAIL is also keen on building a steel plant at Sindri as it can be integrated with the company’s existing unit at Bokaro which is 60 km away and can also use ore from nearby mine at Gua.
According to people familiar with the talks, SAIL had insisted on the land at Sindri after unconfirmed reports that ArcelorMittal India , too, was planning to approach the government for permission to build a steel project at the site.
Mr Verma declined to comment on SAIL’s estimate of the land at Sindri. He added that “The size of the land is adequate for a 5 million tonnes steel plant.”
According to estimates, the cost of building a 5 million tonne steel plant is about INR 22,000 to INR 23,000 crore. While the talks are still on, people familiar with the matter say that the fertilizer ministry has asked SAIL to consider an option to build a fertilizer unit at the site.
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