Ferrochrome

Speaking to CNBC-TV18, Subhrakant Panda said that the fundamentals driving ferrochrome prices remain unchanged.

Tata Steel to start operations at Odisha plant by Mar 2015

Arun Misra, vice president of the project, told Reuters that the plant would be part of an industrial park it is setting up in the eastern state, in which it would invest an estimated Rs 8 billion (USD 132 million).

Plan to streamline biz; hunt for investors on: VISA Steel

VISA vice-chairman and MD Vishal Agarwal, in an interview to CNBC-TV18, says that the company plans to consoldidate and streamline its busniess arms to unlock more value for the share holder. The company is also looking out for investors to increase its special steel capacity.

Steel biz to be fully operational by Q1 end: Visa Steel

Visa Steel has received only 400 acres of land from the government out of 1,200 acres it had applied for. But talking to CNBC-TV18, Vishambhar Saran, chairman, says this has not affected the company‘s plans as it has the capacity to expand within the existing land and double existing production capacity for all products.

Expect subsidiaries to bring in stream of rev: Nav Bharat

Nava Bharat Ventures has reported their third quarter results for FY11. The company’s PAT has come down 63% at Rs 49.3 crore versus Rs 132.2 crore. Their revenue went down by 6.5% at Rs 246.6 crore versus Rs 263.7 crore. Their EBITDA currently stands at 23% versus 56% on a year on year (YoY) basis.