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Orissa Minerals Development Company reports standalone net profit of Rs 7.33 crore in the March 2021 quarter

Orissa Minerals Development Company reports standalone net profit of Rs 7.33 crore in the March 2021 quarter
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.

Orissa Minerals Development Company , Capital Market , ஓரிஸ்ஸ தாதுக்கள் வளர்ச்சி நிறுவனம் , மூலதனம் சந்தை ,

Sameet Chavan of Angel Broking expects Nifty to hit 15,600 soon

Read more about Sameet Chavan of Angel Broking expects Nifty to hit 15,600 soon on Business Standard. On the flipside, 15,300 - 15,150 - 15,000 are to be considered as immediate supports. ....

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State govt. will not allow steel plant privatisation at any cost: Vijaya Sai

Updated:
‘Plant will turn profitable if captive mines are allocated and debt is converted into equity’
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YSRCP MP V. Vijaya Sai Reddy and APIIC chairperson Roja taking part in padayatra in Visakhapatnam on Saturday.
| Photo Credit:
K.R. Deepak
‘Plant will turn profitable if captive mines are allocated and debt is converted into equity’
Leading a rally under the banner ‘Visakha Ukku Parirakshana Porata Yatra’, here on Saturday, YSR Congress Party MP V. Vijaya Sai Reddy, said that the State government and the party will not allow the proposed strategic sale of Visakhapatnam Steel Plant (VSP), at any cost. ....

Andhra Pradesh , Pilli Subhash Chandra Bose , Seediri Appalaraju , Karnataka Andhra Pradesh , Muttamsetti Srinivasa Rao , Golla Babu Rao , Rajya Sabha , A Adeep Raj , Kurasala Kannababu , Visakha Ukku Parirakshana Porata , Mlas Gudivada Amarnath , Congress Party Mpv Vijaya Sai Reddy , Orissa Minerals Development Company , Visakha Ukku Parirakshana Porata Yatra , Sai Reddy , Visakhapatnam Steel Plant , Vijaya Sai , Mohan Reddy , Chief Minister , Prime Minister , Minister Muttamsetti Srinivasa Rao , Gudivada Amarnath , Agriculture Minister Kurasala Kannababu , Fisheries Minister Seediri Appalaraju , Babu Rao , State Govt Will Not Allow Steel Plant Privatisation At Any Cost Vijaya Sai ,

Who Is Responsible For Vishaka Steel Plant Losses?

Who Is Responsible For Vishaka Steel Plant Losses?
Published by GulteDesk
February 12, 2021
The government of India has decided to privatise Rastriya Ispat nigam Limited (RINL), the corporate entity of Visakhapatnam steel plant quoting losses. But, the policies of the government are essentially responsible for the fiscal travails of the steel plant.
The absence of a captive mine for this premier public sector company deprived it a level playing field vis a vis other players in the steel industry both in the public and private sectors. Currently the RINL is purchasing iron ore from NMDC Bailadila mines at market price. This has put the RINL at a cost disadvantage of around 5,260 per metric tonne of steel (at ore level). Many of its competitors have captive mines for more than 60 percent of their requirement and buy only the rest from NMDC. This excess cost of iron ore has cost implications of more than3,472 crores for RINL. ....

Andhra Pradesh , Rastriya Ispat , Rae Barelli , Orissa Minerals Development Corporation , Forged Wheel , ஆந்திரா பிரதேஷ் , ரஸ்திரிய நான் துப்பினேன் , ரே பேரெல்லி , ஓரிஸ்ஸ தாதுக்கள் வளர்ச்சி நிறுவனம் , போலியானது சக்கரம் ,

The mystery behind rising iron ore prices | Hellenic Shipping News Worldwide

The mystery behind rising iron ore prices
Over the past couple of months, the steel industry has witnessed constant dialogue between iron ore miners and steel producers, aimed at reaching common ground on the availability of a key commodity for manufacturing steel iron ore. While manufacturers of the alloy have gone up to the Prime Minister’s Office (PMO) seeking a ban on exports of iron ore citing sky-high prices, miners of the key raw material whose pellets form about 60% of the cost of production of steel claim that steel mills have been importing iron ore to suppress prices of the commodity despite huge stockpiles lying idle. Both sides have made sure to supplement their claims with data. ....

Dharmendra Pradhan , Indian Steel Association , India Induction Furnaces Association , Odisha Mining Corporation , Ministry Of Commerce , Orissa Minerals Development Company , Federation Of Indian Mineral Industries , Ministry Of Steel , Prime Minister , All India Induction Furnaces Association , Indian Mineral Industries , West Bengal , தர்மேந்திரா ப்ர்யாட்ஹந் , இந்தியன் எஃகு சங்கம் , இந்தியா தூண்டல் உலைகள் சங்கம் , ஓடிஷா சுரங்க நிறுவனம் , அமைச்சகம் ஆஃப் வர்த்தகம் , ஓரிஸ்ஸ தாதுக்கள் வளர்ச்சி நிறுவனம் , கூட்டமைப்பு ஆஃப் இந்தியன் தாது தொழில்கள் , அமைச்சகம் ஆஃப் எஃகு , ப்ரைம் அமைச்சர் , அனைத்தும் இந்தியா தூண்டல் உலைகள் சங்கம் , இந்தியன் தாது தொழில்கள் , மேற்கு பெங்கல் ,