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ACE launches nx360o crane in mumbai

Action Construction Equipment (ACE) has always believed in introducing new models in the pursuit of innovation and customer interest.

KIOCL to explore iron ore, gold in two states

KIOCL will take up exploration of iron ore and gold in Tirupur (Tamil Nadu) and Mysuru (Karnataka), respectively. Union Steel Minister Chaudhary Birender Singh said that KIOCL has also been recognised as a mineral exploration entity under the MMDR Act 1957 for carrying out works in the country.

KIOCL, NMDC and RINL decides to build 13 MTPA slurry pipeline between Nagarnar and Vizag

Steel majors KIOCL, NMDC and RINL have decided to set up a 13 MTPA slurry pipeline between Nagarnar and Vizag for carrying iron ore with Rs 3,500 crore investment. MoU has already been inked between them for setting up a JV in which KIOCL will hold a 48 per cent stake. NMDC and Rashtriya Ispat Nigam Ltd will hold 26 per cent each.

Steel PSUs sign pact for Rs 3,500 cr slurry pipeline

Steel majors KIOCL, NMDC and RINL have decided to set up a 13 MTPA slurry pipeline between Nagarnar and Vizag for carrying iron ore with Rs 3500 crore investment. MoU has already been inked between them for setting up a joint venture in which Kudremukh Iron Ore Company (KIOCL) will hold a 48 per cent stake. NMDC and Rashtriya Ispat Nigam Ltd will hold 26 per cent each. International technology / equity partner may be roped in to join the project at a later stage. The slurry pipeline will be used

RINL expects to double its export revenue to Rs 1,200 cr

On the rupee's depreciation and an increased thrust on overseas shipments, Rashtriya Ispat Nigam (RINL) or Vizag Steel is expecting its export revenue more than doubling around Rs 1,200 crore in the near future.

Court issues notices on PIL

Media reports indicate that the Andhra Pradesh High Court issued notices to the concerned authorities in response to a public interest litigation (PIL) challenging the granting of the Bayyaram mining lease to Rashtriya Ispat Nigam (Visakhapatnam Steel Plant). JayaPrakasha Rao, retired associate professor of Osmania University, and two others of Khammam district filed a PIL with the court challenging the state government's decision to grant iron ore mining lease to the

ICVL identifies 5 overseas assets

CS Verma, Joint Chairman of Steel Authority of India (SAIL) informed that ICVL has identified at least four or five good coking coal mines in Australia, the US and Mozambique for acquisition. International Coal Ventures (ICVL), a consortium led by SAIL, is conducting due diligence on these assets. It may be recalled that ICVL was formed in 2009 by public sector firms like NTPC, Coal India, NMDC and Rash

Cabinet allows SAIL, RINL to charter ships directly

State-run steel makers SAIL and RINL received approval from the union cabinet to charter ships directly without going through the government's chartering organization TRANSCHART for importing coal and other raw materials. The move would facilitate better control of logistics, shipping and operations of importing coal and other raw material from overseas, a government statement

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