LLOYDS STEEL DEAL WITH WESTERN COALFIELDS

Article Abstract:

Lloyds Steel Industries Limited (LSIL) has signed a pact with Western Coalfields Limited (WSL) for opening a mine for its captive power plant. The cost of setting up the 3.6 lakh tonnes per annum underground coal mine is estimated at Rs57 crore. The entire cost will be borne by WSL. Under the agreement, WSL will supply coal to LSIL for the latter's 80 mw captive power plant being set up at Wardha. The cost of setting up the captive power plant is Rs394 crore. (gs)

Comment:

Signs pact to supply coal to Lloyds Steel Industries's 80 mw captive power plant being set up at Wardha

New orders received, Primary Iron & Steel, Iron and Steel Mills and Ferroalloy Manufacturing, Use of energy, Lloyds Steel Industries Ltd., Western Coalfields Ltd.

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PIG IRON MAKERS MOVE SC AGAINST DUMPING DUTY

Article Abstract:

The producers of pig iron have filed a petition in the Supreme Court against the government's decision to impose anti-dumping duty on Chinese coke. The Pig Iron Manufacturers Association says that the imposition of Rs1,800 per tonne anti-dumping duty on metallurgical coke imports from China for seven months is not justified. The anti-dumping duty comes to 50-52.5 percent over and above the existing import duty of 15 percent. (khr)

Comment:

India: Pig iron producers have filed petition in Supreme Court vs govt's decision to impose anti-dumping duty on Chinese coke

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CIL MAY BE HIT BY 5% IMPORT DUTY CUT

Article Abstract:

Coal India Ltd is likely to face increased price competition from prime grade imported coal due to the 5 percent reduction in customs duty on coal. The finance ministry has proposed to reduce the import duty on coal from 15 percent to 10 percent, which will bring down the effective duty from 19.6 percent to 11 percent. The reduction in import duty will make prime grade coal from South Africa and Indonesia cheaper by Rs70 per tonne. (khr)

Taxes, Bituminous Coal and Lignite Mining, Coal, Coal mining, Coal India Ltd.

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