Industrial gas company BOC on Saturday revealed that it has secured an order from public sector steel major Steel Authority of India Ltd (SAIL) for supply of gas to meet its increasing demand.
The company officials said that BOC has inked a 15-year long term gas supply contract with SAIL for supply of 2600 tpd of oxygen, nitrogen and argon gases to meet its incremental demand as it is expanding capacity at its Rourkela Steel Plant.
BOC India, the arm of BOC Group, which is the second largest industrial gases company in the world, has secured an order from state-run Steel Authority of India Ltd (SAIL) for supply of gas to meet its increasing demand.
Under the 15-year long term contract, BOC will supply 2600 tpd of oxygen, nitrogen and argon gases to SAIL, to meet its incremental demand as the company is expanding capacity at its Rourkela Steel Plant.
TATA group owned TATA Steel reported 14 per cent decline in sales in the third quarter of current financial year as compared to sales during same period last year. It indicates the impact of global slowdown on the steel sector. Almost all economic segments are facing the heat of global financial crisis and gearing up for strict measures to deal with the situation.
The state government of west Bengal has decided to allocate 750 acres of land in Raghunathpur, Purulia to Jai Balaji Group of the city. Jai Balaji Group would use the land for integrated steel, power and cement projects worth Rs 16,000-crore. It would start the first phase of project within a few weeks. The company has also decided to offer jobs to one member of each family whose land has been acquired to set up the projects.
India's largest steel maker Tata Steel is forced to extend the deadline for commissioning the first phase of its steel plant in Vietnam. The project has been delayed due to the problems with land acquisitions in the special economic zone where large number of companies are setting up their projects.
The government criticized the Steel Authority of India Ltd. for slow growth in its expansion plans. It has decided to review its work on regular basis for timely completion of ongoing and new projects. SAIL has to increase its steel production capacity to 26 million tons by the financial year 2010.
Union Steel Minister Ram Vilas Paswan reviewed the progress of various expansion projects of SAIL worth Rs 54,000 crore. He added, "I am not satisfied with the pace of SAIL's brown-field expansions and have asked the steel secretary to ensure that the PSU completes the envisaged projects in a time bound manner."
Industrial gas company BOC on Saturday revealed that it has secured an order from public sector steel major Steel Authority of India Ltd (SAIL) for supply of gas to meet its increasing demand. 
BOC India, the arm of BOC Group, which is the second largest industrial gases company in the world, has secured an order from state-run Steel Authority of India Ltd (SAIL) for supply of gas to meet its increasing demand.
TATA group owned TATA Steel reported 14 per cent decline in sales in the third quarter of current financial year as compared to sales during same period last year. It indicates the impact of global slowdown on the steel sector. Almost all economic segments are facing the heat of global financial crisis and gearing up for strict measures to deal with the situation.
The state government of west Bengal has decided to allocate 750 acres of land in Raghunathpur, Purulia to Jai Balaji Group of the city. Jai Balaji Group would use the land for integrated steel, power and cement projects worth Rs 16,000-crore. It would start the first phase of project within a few weeks. The company has also decided to offer jobs to one member of each family whose land has been acquired to set up the projects. 
India's largest steel maker Tata Steel is forced to extend the deadline for commissioning the first phase of its steel plant in Vietnam. The project has been delayed due to the problems with land acquisitions in the special economic zone where large number of companies are setting up their projects.
The government criticized the Steel Authority of India Ltd. for slow growth in its expansion plans. It has decided to review its work on regular basis for timely completion of ongoing and new projects. SAIL has to increase its steel production capacity to 26 million tons by the financial year 2010. 
