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Article: Indian ore firm to spend $3.2 billion on expansionBUSINESS ASIA by Bloomberg
- Article from:
- International Herald Tribune
- Article date:
- April 10, 2007
- Author:
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Debarati Roy
International Herald Tribune
04-10-2007
National Mineral Development, India's biggest state-run iron-ore producer, said it will spend a total of 135 billion rupees, or $3.2 billion, to raise output, build steel and iron plants and invest in coal mines overseas. The Hyderaba firm, will invest 35 billion rupees to raise iron-ore production 85 percent, the company's chairman, B. Ramesh Kumar, said in an e-mailed statement Saturday. A further 90 billion rupees will be spent on iron, steel and power plants, while 10 billion would be earmarked for coal-mine purchases.Indian iron-ore miners and steelmakers are increasing output to feed rising demand for steel as the nation uses more ...
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Article: INDIAN STEEL MINISTER PASWAN REVIEWS QUARTERLY PERFORMANCE OF ...
The Hindustan Times;
July 14, 2007 ;
671 words
... ... India, July 14 -- The state owned steel company Rashtriya Ispat Nigam has earned a record profit of RS. 1363 Crore in ... Steel Ministry in the following press release: The Rashtriya Ispat Nigam Limited is thinking of using pellets as inputs on ...
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