May 13, 2021
The said Stay Order would prohibit
The Karnataka government has High titanium
iron Suppliers deferred the auction of the Donimalai iron ore mine."The
government of Karnataka has identified one iron ore mine for electronic auction
for grant of mining lease and accordingly NIT (Notice Inviting Tender) was
issued dated August 20, 2019, on MSTC website for Donimalai Mine (earlier held
by NMDC) ML no 2396," according to a notice by the state government."The
schedule of the auction process for the said mine is hereby deferred until
further notice," it added."
The said Stay Order would prohibit the Government of
Karnataka to take any further action regarding mining lease or initiate auction
process of Donimalai mine," NMDC recently said in a statement.However, the High
Court of Karnataka last month set aside the governments move.Earlier, the firm
was in a legal battle with the state government over the issue of imposition of
80 per cent premium on the sale price of the iron ore extracted from the
Donimalai mines..The state had earlier withdrawn the extension of the mining
lease granted to NMDC for the mine in November 2018 for a 20-year period.The
development comes soon after the Centres Mines Tribunal kept in abeyance the
cancellation of mining lease of the block by the state government extended to
NMDC Ltd.Challenging the decision, the public sector undertaking moved the
Tribunal, which heard the petition on August 21 and stayed the order
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May 06, 2021
The policy also envisages domestically
The policy makes it mandatory to give preference to domestically manufactured
iron and steel products (DMI&SP) in government procurement. It seeks to
boost domestic steel consumption and ensure high quality steel production and
create a technologically advanced and globally competitive steel industry.In
case any manufacturer is aggrieved, a grievance redressal committee set up under
the steel ministry will dispose of the complaint in four weeks."With the rollout
of the National Steel Policy 2017, it is envisaged that the industry will be
steered in creating an environment for promoting domestic steel and thereby
ensuring a scenario where High titanium
iron Suppliers production meets the anticipated pace of growth in
consumption through a technologically advanced and globally competitive steel
industry," it said..While implementing the policy, it puts trust in each
domestic manufacturer that provides self-certification to the procuring
government agency declaring that the products are domestically manufactured in
terms of the value addition prescribed."The Cabinet.It will not normally be the
responsibility of procuring agency to verify the correctness of the claim.
The
policy also envisages domestically meeting the entire demand of high-grade
automotive steel, electrical steel, special steels and alloys for strategic
applications and increasing domestic availability of washed coking coal so as to
reduce import dependence on coking coal from about 85 per cent to around 65 per
cent by 2030-31," the statement said.Thrust areas in the policy include raw
material securitisation, import substitution, increasing production efficiency
and enhancing steel consumption, he said.This will be facilitated by the steel
ministry, in coordination with relevant ministries, as may be required.New
Delhi: A new policy that aims to achieve steel making capacity of 300 million
tonnes by 2030 with an additional investment of Rs 10 lakh crore got the Cabinet
green light today.Steel Minister Chaudhary Birender Singh is confident that the
policy will give a concrete shape to future plans and policies for the steel
industry in India. In order to provide flexibility, the Ministry of Steel may
review specified steel products andthe minimum value addition criterion," it
said."We have taken a holistic and comprehensive view of the steel sector in
India and its key growth drivers to ensure sustainable growth of all segments of
the industry," he said. As per the policy, adoption of energy efficient
technologies in the MSME steel sector will beencouraged to improve overall
productivity and reduce energy intensity."The DMI&SP policy provides a
minimum value addition of 15 per cent in notified steel products which are
covered under preferential procurement.The policy is designed to promote growth
and development of the domestic steel Industry and reduce the inclination to use
low quality, low cost imported steel in government-funded projects. The policy
is applicable to all government tenders where price bid is yet to be opened.The
potential of the MSME steel sector has been recognised, too. It shall be the
responsibility of every governmentagency to ensure implementation of the
policy.The NSP enshrines a long-term vision to give impetus to the steel
sector.The ministry will also ensure availability of raw materials like iron
ore, coking coal and non-coking coal, natural gas etc at competitive rates."The
Union Cabinet chaired by Prime Minister Narendra Modi has given its approval to
the National Steel Policy (NSP) 2017," the steel ministry said in a statement.
"I am confident that the policy will make the Indian steel sector more vibrant
and competitive, and facilitate taking the steel industry to new heights of
success," the minister added.The policy projects crude steel capacity of 300 mt,
production of 255 mt and robust finished steel per capita consumption of 158 kg
by 2030-31, as against the current use of 61 kg... The policy envisages
development of globally competitive steel manufacturing capabilities,
cost-efficient production, facilitating foreign investment and asset
acquisitions of raw materials. The initiative is aimed at spearheading R&D
of national importance in the iron and steel sector utilisingtripartite synergy
among the industry, national R&D laboratories and academic
institutes.R&D in the sector will take spotlight through establishment of
the Steel Research and Technology Mission of India (SRTMI). There are provisions
in the policy for waivers to all such procurements where specific grades of
steel are not manufactured in the country or the quantities as per thedemand of
the project cannot be met through domestic sources. has approved the policy for
providing preference to domestically manufactured iron and steel products on
government procurement," the ministry said in another statement. In a few cases,
the onus of demonstrating the correctness of the same will be on the bidder when
asked to do so. The Cabinet also approved a policy for use of domestic steel
products in government organisations
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March 25, 2021
The new variants come with over dozen design
The new variants come with over dozen design and performance enhancements.5 lakh
for the 1.5 diesel Titanium version and Rs 6.31 lakh (all prices ex-showroom
Delhi).The new versions come with various features like bigger and wider 15-inch
alloy wheels, dual front driver and passenger airbags, along with ABS and EBD as
standard. The Ford Aspire in sports edition is priced at Rs 7.2 petrol Titanium
variant, Ford India said in a statement."The launch of Sports editions is yet
another stride China High
titanium iron Company in our commitment to introduce products that customers
want and value and will help us further strengthen our position in in the
segment and industry at large," Ford India Executive Director, Marketing, Sales
& Service Anurag Mehrotra said.6 lakh for the 1.New Delhi: Auto maker Ford
India today launched sports edition of its hatchback Figo and compact sedan
Aspire in the country.21 lakh while the petrol trim is tagged at Rs 6. Diesel
variant of Figo Sports edition is priced at Rs 7.
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