Nashik (Maharashtra) [India], April 24 (ANI): Indian Railways first 'Oxygen Express' train, carrying liquid medical oxygen from Visakhapatnam, reached Nashik on Saturday afternoon.
With the government looking to divest loss-making steel assets, significant interest from secondary players is most likely this time apart from the anticipated list of large integrated primary steel producers, said industry experts.
Rashtriya Ispat Nigam Limited (RINL), Neelachal Ispat Nigam Ltd (NINL), NMDC Integrated Steel Plant (NISP)-Nagarnar, Ferro Scrap Nigam Ltd and three units of Steel Authority of India (SAIL) Alloy Steels Plant, Durgapur; Visvesvaraya Iron and Steel Plant, Bhadravati; and Salem Steel Plant, Salem constitute the divestment list. All the three units of SAIL have been loss-making for more than five years.
“Some promoter-driven secondary players could have much bigger interest towards the smaller, really stressed assets put out for divestment, making it a fresh list of buying interest this time,” said Saurabh Bhatnagar, Partner and National Leader, metals and mining at EY India.
Govt examining industry demands; breather on tax compliance deadline likely The Union government is examining proposals seeking relief to businesses through extension of compliance timeline for goods and services tax as well as income tax. With India facing the biggest Covid-19 crisis so far, the government has received multiple industry representations, including from micro, small and medium enterprises, wanting a breather of up to three months.
PM avoids committing to deadlines on climate, says concrete action needed Prime Minister Narendra Modi on Thursday avoided committing to any deadlines on emission levels or climate change goals, and said India had always been responsible in protecting the climate, was doing enough, and remained committed to sustainable development.
Maharashtra: First Oxygen Express arrives in Nagpur from Vishakhapatnam freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
Oxygen Express reaches VSP
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The first Roll On-Roll Off (Ro-Ro) Oxygen Express has reached Rashtriya Ispat Nigam Limited(RINL), the corporate entity of Visakhapatnam Steel Plant (VSP), with seven empty tankers from Kalamboli Goods Shed in Maharashtra.
It reached Visakhapatnam in the early hours of Thursday.
About 15 tonnes of Liquid Medical Oxygen (LMO) will be filled in each of the tankers and despatched to Maharashtra.
The Railways had transported essential commodities and kept the supply chain intact even during the lockdown last year and continued to serve the nation in times of emergencies.
The Oxygen Express would help patients and different hospitals in the country, said A.K. Tripathi, Senior Divisional Manager, Waltair Division of East Coast Railway.