GCETMBA.com - Business News Update


West Bengal Induction Furnace & Rolling Mill Association Shuts Down All Its Units In Protest
To protest against atrocities by the RPF personnel the entire Induction furnace and rolling mill industry will observe a closure of all the units for one day (07.07.2010)
Trimex Srikurmam Mineral Sands Project in Andhra Pradesh starts commercial production and shipment of heavy minerals
Trimex unlocks India's industrial minerals potential, joins the global top-tier l Srikurmam Mineral Sands Project in Andhra Pradesh starts commercial production and shipment of heavy minerals. l World-class, fully-integrated, multi-mineral plant produces Ilmenite, Zircon, Garnet, Rutile, Sillimanite. l Company to strengthen its position in a sector with significant global supply-side deficit. l INR 250 crore initial investment to be followed by INR 4000 crore investments until FY18
Vedanta implements RFID at its India facility (Orissa)
EssenRFID's radio frequency identification device XtennaTM solution encompasses a "Vehicle Tracking System" that successfully monitors entry of over 1,500 trucks entering the premises with the ore. This results in creating process efficiencies & helps identify, monitor any leakages thereby eliminating any inconsistencies in the system
Geodesic Techniques targets revenue of INR 1000 Cr. in 3 years and outlines investment of INR 200 Cr.
New manufacturing facility at Bidar & urban infrastructure and transportation foray among major initiatives. This reinforces and builds the company's leadership position in the steel-intensive design and build business.
Su-Raj Diamonds Selects Triple Point to Manage Precious Metals Sourcing and Operations
Joins Growing Group of Manufacturing Companies to Choose Triple Point to Manage Commodity Price Volatility and Sourcing
SA Mining Mission to India
South Australia is looking to India to boost investment in the State's resources sector.
Electrotherm announces successful installation of world's largest Medium Frequency Induction Melting Furnace for Steel Melting application
Electrotherm, a trusted name in foundry and steel industry for providing unmatched technological leadership for more than two decades, today announced successful installation and commencement of commercial production in 40 Ton Furnace, the first and world's largest Medium Frequency Induction Melting Furnace for Steel billet making. Supplied to M/s Mahalaxmi TMT, Wardha, this 40 ton furnace is powered with 14000 KW and can produce about 1.6 Lac Metric Ton metal per annum informed Mr. Suneel Kulkarni, Vice President (Marketing), Electrotherm (India) Ltd. at Hyderabad today.
ArcelorMittal announces third season of its Web TV: '2010: The Road to Recovery'
Exploring the values and its commitment to its stakeholders, the Web TV takes a transparent approach to tell the story of the global economic downturn and its consequences on the business.
Lesjöfors supplies clock springs to military vehicles
Lesjöfors has received a large order of clock springs, customized to strengthen the heavier and more and more equipped all-terrain vehicles used in military operations. All in all, clock springs amounted to 3.6 MSEK will be delivered to BAE Systems in Örnsköldsvik.
Kamdhenu Celebrated Republic Day on its 15th Foundation Day and launched two new products in the market
Kamdhenu Ispat Limited, a renowned name in Construction and Infrastructure celebrated its 15th Foundation Day on 23rd January. Kamdhenu Ispat a homegrown steel maker entered a new Business segment with the launch of Packaged Drinking Water and new variety of eco friendly paints i.e. Water base Enamel. The company has forayed into Packaged Drinking water segment and paints under the brand name Kamdhenu Fresh Packaged Drinking Water and Kamolite Premium Water Base Enamel respectively.
India ranks 10th in stainless steel production in the world
India is to become outsourcing and manufacturing hub for stainless steel products in the world market by 2015
CONROS STEELS continues quality commitment achieving ISO 9001:2008 Certification 15 December 2009
Conros Steels Pvt. Ltd., a specialist manufacturer of Black and Galvanized ERW Steel Pipes and Tubes, furthering its commitment to Quality Management has successfully implemented a quality management system in conformance with the stringent requirements of ISO 9001:2008.
Jindal SAW Ltd. bags orders for more than Rs 1100 Crores
Majority of SAW pipe orders are of exports to middle-eastern market
Foreign NGOs creating unrest in Lanjigarh
There has been a sudden movement of foreigners / foreign NGOs in Lanjigarh, Kalahandi district in the past few days. Strangely foreigners coming on tourist visa from countries like Italy, Germany, Australia, Denmark, UK etc. have become frequent and they are freely moving in the region.
QPR ScoreCard enables DUBAL Strategy Management Systems
"Using QPR Scorecard has provided many benefits. These include improved business management through better understanding of strategy, better communications and seamless reporting via briefing booklets." says Amir Al Janahi Manager: Business Performance DUBAL.
Mr. Anil Agarwal, Chairman, Vedanta Group, awarded 'Lifetime Achievement Award' by Mining Journal, UK
Vedanta group is the first Indian group that has obtained a primary listing on the London Stock Exchange, in 2003, and within a short period of time moved into the select band of FTSE 100 Metals & Mining Majors, signifying the well crafted and visionary approach of Mr. Anil Agarwal. In no time, Vedanta Group's market capitalization increased from USD 1.9 Billion to USD 11 Billion.
No Dongria Kondha Tribe Live At The Proposed Mining Area Of Lanjigarh
The State Government of Orissa on 18th November 2009, defended proposed mining at Niyamgiri Hills in Kalahandi district of Orissa and stated that 'Not a single tribal family would be displaced due to this mining project.'
Steel Major SAIL signs MoU with BITS Pilani for Human Resource Development
In India today, this tie-up of steel major SAIL with higher education pioneer BITS Pilani marks yet another milestone in industry university collaborations.
L&T and TMEIC Enter Into Partnership Agreement
Larsen & Toubro (L&T) and Toshiba Mitsubishi-Electric Industrial Systems Corporation (TMEIC) have signed a Preferred Integrator Agreement covering specific control system solutions in the metal sector and the paper industry.
Hindustan Tin Works Announces Q2 results
The company has achieved a sale of Rs. 5844 lakh in this quarter; as a result, the net profit after tax has increased to Rs. 222 lakh as against Rs. 154 lakh of the corresponding period of last year
Metal Giant Hindalco Renukoot and BITS Pilani Join hands for Work Integrated Learning BS Process Engineering program
For the year 2009, the Birla Institute of Technology and Science popularly known as BITS Pilani has been ranked among the top ranking universities along with IITs in various Magazine surveys such as India Today, Outlook, LiveMint etc..
mjunction aims annual transaction value of Rs 22,000 Cr. for FY' 09-'10
Aims to maintain 50% growth rate to achieve Rs 50,000 crore transaction value in FY'12-'13; Strategic business expansion, customers empowerment, technology and knowledge based services to drive growth
Rs 5447 Crore Debt Financial Closure for Electrosteel Integrated Project
Electrosteel Integrated Ltd (EIL) achieved the financial closure of debt for Rs. 5447 Crores required for its 2.2 million tonnes per annum (MTPA) capacity integrated steel project. The loan agreement between EIL and 30 lenders was entered into on 20 August, 2009 at the Company's headquarters in Kolkata.
mjunction conducts India's first ever online forward eAuction for coal sales
The forward eAuction is an initiative by Coal India Limited; Empowers buyers with long term extended requirements
Jindal SAW Ltd. bags orders worth over Rs 1000 cr
Domestic orders bagged from GAIL, HPCL etc. & export orders from mid-east market
Govt proposition of anti-dumping duty on imported steel causes setback to the Metal Packaging sector
Mr. Sanjay Bhatia, Vice President, Metal Container Manufacturers Association expressed his discontent saying, the duty will raise questions on business continuity
Delhi High Court issues notices to Blue Precision and Blue Engineering on winding up petitions filed by EMR
Based on petitions filed by European Metal Recycling Limited (EMR) in the Delhi High Court (HC), Blue Precision Ltd. and Blue Engineering Private Ltd., are facing winding-up proceedings. The HC has ordered that notices be issued to both Blue Precision Ltd. and Blue Engineering Private Ltd. to appear before the HC.
Earthstone CEO & Chairman Pankaj Shah awarded the NRI Institute 'Exceptional Entrepreneurial Achievers Excellence' Award
The President of Republic of Mauritius H.H. RT. Hon. Sir Anerood Jugnauth presented the prestigious award at a gala ceremony held at Hotel Le Meridian, Mauritius recently.