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Steel news

Strategic disinvestment of SAIL is attractive for private entities

Steel authority of india has released tender for disinvestment of its three major steel plant namely Alloy steel plant (ASP)  at  Durgapur,  Visveswaraya steel plant (VSP) at Bhadravati Karnataka and Salem steel plant (SSP)  at Salem Tamilnadu. Proposed disinvestment of 3 major entities will be finalised soon after 8 august 2019. Currently queries regarding disinvestment are invited by SAIL.

Strategic disinvestment - Share of public enterprises units are disinvested up to 50% and control of management is transferred to that private entity.

Modi govt is focusssing on privatasation to improve conditions of PSUs that are in loss through disinvestment. Workers are blaming management for such loss of profit. disinvestment will lead change of management that takes many structural changes inside the plant.
These decisions of disinvestments are how much beneficial is interesting to see in upcoming days.

In Hindi

निजी संस्थाओं के लिएआकर्षक है, सेल (SAIL) का रणनीतिक विनिवेश
भारतीय इस्पात प्रा…
Recent posts

Odisha will become Heart of Steel

The state known for its rich minerals now ready to become steel hub.  The meeting held on 19th july in presence of Steel minister Mr.  Dharmendra Pradhan to discuss roadmap for achieving goal of steel policy to produce 300 million MT in india up to 2030.  Odisha will play a major role in achieving this goal. Odisha has to produce 100 million tonne alone to achieve steel policy targets and meeting done to discuss roadmap with major stakeholders of state said Mr.  Pradhan in its tweet.

The presence of major steel players like TATA Steel, SAIL and Jindal steel and power in state with capacity expansion and investments of new players like JSW steel will take it to the 100 million tonne tag.

Mr.  Pradhan also emphasises on states natural beauty,  heritage and magnificent temples that has potential to be developed as a world class tourist destination.

As per the vision of India's prime minister narendra modi  to take india to 5 trillion  dollar economy from current 2.8 trillion dollar …

RINL commissioned 430mm caster, first time in India

RINL (Rastriya Ispat Nigam Ltd.)   achieved milestone by commissioning of 430 mm round caster at SMS2 (Steel making shop)  ,  which is first time in india,  inaugurated by Mr. PK Rath,  CMD RINL. Steel unit has also inaugurated coke oven battery 5,  pump unit,  LPG storage unit and water reservoir to fulfill the raw material supply timely for smooth running of 7.3 million mt capacity unit. RINL is looking for capacity expansion to fulfill expected demand as many infrastruture projets were announced in union budget.  To run plant in this capacity approx 10 million mt iron ore is required that to be provided by NMDC.  The new caster with high quality 430mm rounds is raw material for new unit which is going to be commissioned in sept 2019 at RAe Barely UP for making seamless pipes, precious forging and wheel application etc. RINL is looking for timely completion of all projects to achieve 25000 crore turnover in 2019-20.

Now steelgyan posts are available in hindi.

RINL ने भारत में पहली ब…

अब तक 20 लोहे के अयस्क ब्लॉकों की नीलामी हुई है: इस्पात मंत्री।

सरकार ने कहा कि 583.057 मिलियन टन (एमटी) के भंडार वाले 20 लौह अयस्क ब्लॉक अब तक नीलाम हुए हैं।

इस्पात मंत्री धर्मेंद्र प्रधान ने लोकसभा में एक लिखित जवाब में कहा कि सरकार ने खनन पट्टों के अनुदान को कारगर बनाने के लिए खान और खनिज (विकास और विनियमन) संशोधन अधिनियम, 2015 को अधिसूचित किया है।

"आज तक, लौह अयस्क के 20 ब्लॉकों को 583.057 मीट्रिक टन के रिजर्व के साथ सफलतापूर्वक नीलाम किया गया है,"

उन्होंने कहा "2020 में समाप्त होने वाले पट्टों की समय पर नीलामी द्वारा कच्चे माल की आपूर्ति सुनिश्चित करने के लिए ... केंद्र सरकार ने खनिज संरक्षण और विकास नियम, 2017 में संशोधन किया है, जिससे पट्टा धारकों के लिए पूरे खनिज क्षेत्र पर ( जी 2) स्तर की खोज करना अप्रैल 2019 तक अनिवार्य हो गया है, "।

source - पीटीआई

JSW Steel Still looking for Bhushan Steel & Power Ltd.

JSW Steel, a successful bidder of BSPL still looking for its acquisition despite fraud cases that are reported by banks. Previously PNB and Allahabad bank reported to RBI about 3805 crore  and 1775 crore fraud respectively. The FIR is already against companies ex promotors Mr. Sanjay Singhal and wife Mrs.  Arti Singhal &  other executive directors lodged. The funds are diverted in large amount and companies books are also changed fraudulently to take loan as per allegations. Despite all these the chairman of JSW Steel Mr.  Sajjan Jindal told today after AGM that they are looking for takeover to the company to make turnaround.  Companies CFO is looking confident for turnaround of both Monnet ispat and Bhushan power within 2 years. He informed that Monnet ispat is now running at its full capacity and producing variety products inspite of traditional TMT bars.

BSPL is under IBC proceedings has 3.5 million mt capacity and JSW steel is successful bidder at 19,300 crore  leaving behind …

Despite price slowdown TATA Steel BSL turnaround to profit in Q1 results

TATA STEEL BSL reported 111.05 crore net profit in its june quarter result in its bse filing. Company has presented its consolidated results combining Bhushan energy ltd.  which is a subsidiary of Bhushan Steel ltd. Now jointly in a single entity TATA Steel BSL Ltd.  During the quarter companies income stood at 4959.63 crore rupees.  The company has posted 2104 crore profit in the same quarter last year but that is not comparable as company has taken over by TATA Steel and BEL results are not joint in that.  Now the companies performance is looking up to the mark.
TATA Steel BSL Ltd is an integrated steel plant with capacity of 5.6 million mt owned by TATA Steel through its wholly owned subsidiary Bamnipal Steel Ltd.

Are Steel Insulated Panels are future building Materials ?

Structural insulated panels gaining popularity in residential constructions and now on increasing demand in india due to its energy saving properties.

What is SIP -  SIP ie.  structural insulated panels are made of thick layer material sandwiched with foam or insulation between both layers of metal.

Steel insulation panels are ecofriendly and use recycled material and foam that is used in between the steel layers is 98% air tight and a nontoxic nonflammable agent.

Advantages- Steel SIP technology has excellent thermal performance due to its integral insulation avoid the need of any other insulation. These panels are pre engineered in controlled environment and fastest building material more than 3 times than conventional buildings. The labour cost is also cheap and fitting is also tight due to two way bolting.

Disadvantage- The major drawback is that ones you finalise the design and it is ready you can not make any changes on that.

Applications -  Wide applications on exterior walls,  roo…