Present Indian Market Condition Essay

1081 WordsNov 30, 20115 Pages
PRESENT INDIAN MARKET CONDITION As on 07.09.2011 (IRON / STEEL AND COAL) India's SAIL-led consortium bids for Afghan iron mines The Hajigak mines, which are estimated to have a reserve of 1.8 billion tonnes of magnetite with 62-63 percent iron content, have attracted five other bids targeting various numbers of blocks, the statement said. The announcement of preferred and reserved bidders is expected around Oct. 4, the statement added. Pellet plants must for captive iron ore mines in Jharkhand ET reported that Jharkhand has emerged as the first state to make it mandatory for companies with captive iron ore mines to set up pellet plants to utilize their increasing deposits of iron ore fines. Avaislability of surplus iron ore in the state has also prompted the state's industry department to consider providing special incentives for industries to set up pellet plants. The blanket ban on sale of iron ore fines by captive iron ore mines in Jharkhand has resulted in some captive mines gathering huge stocks of fines.(Sourced from ET). Update on progress on JSW Steel Salboni project in WB BL reported that JSW Steel may clear the land-hurdle for its proposed 3 million tonne integrated steel plant at Salboni in West Bengal in a week's time. The company has already declared readiness to achieve financial closure for the estimated INR 20,000 crore project within a month from resolving the land issue.The plant is set to be operational in 36 months.” NALCO to complete studies on Indonesia coal mines this month NEW DELHI: State-run NALCO, which plans to set up a 1,250-MW power project and an aluminium smelter in Indonesia, will complete due diligence on a proposal for sourcing coal for the projects by the end of this month, a senior company official said. He added that the company has sought 10 million tonnes per annum (MTPA) of coal supply over a 20-year period and is

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