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Tata Steel and IOCL ink pact to shift to LPG from furnace oil in ferroalloy production
This would enable the ferroalloy plant to shift out of use of furnace oil and high-speed diesel, addressing environment concerns and carbon emissions, the statement said.Under the agreement, IOCL will undertake installation, supply, operation and maintenance of liquefied petroleum gas (LPG) at Tata Steel’s ferroalloy plant in Odisha.

🇮🇳 India · 🗓️ October 09, 2023 · Steel

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PM Modi to unveil multiple projects in Chhattisgarh
In the course of his visit to Jagdalpur, the Prime Minister will also lay the foundation stone for the upgradation of Jagdalpur Railway Station.Furthermore, the Prime Minister will inaugurate the train service between Taroki and Raipur.The steel plant, initiated by the public sector National Mineral Development Corporation-NMDC, situated in the tribal Bastar district of Chhattisgarh, will be inaugurated by the Prime Minister today.Furthermore, the Prime Minister is set to unveil the new road constructed between Kunkuri and the Chhattisgarh-Jharkhand border on National Highway-45, further bolstering connectivity and development in the region.The Prime Minister is also set to unveil NMDC's Greenfield Steel Plant, established at Nagarnar in Bastar, as a contribution to the nation.

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🇮🇳 India · 🗓️ October 08, 2023 · Building Material

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Cement Makers Raise Prices Amid Escalating Costs
To mitigate the impact of rising costs, cement companies are taking steps to increase the prices of their products.This move is expected to help stabilise their profit margins and ensure the sustainability of their operations in the long run.As the construction sector in India remains a pivotal driver of economic growth, any shifts in cement prices can have wide-ranging implications.This decision comes as a response to the substantial rise in input costs, which has been putting considerable pressure on the industry.Indian cement producers are implementing price hikes as a strategic move to offset the mounting expenses they face.

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🇮🇳 India · 🗓️ October 08, 2023 · Building Material

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Jindal Steel denies to invest in Venezuela's iron ore plant
, a prominent Indian steel company, has refuted claims of signing any agreement or committing to financial involvement in Venezuela.A statement issued by Jindal Steel & Power asserts that they "completely and categorically deny signing of any agreement or committing to any investment in Venezuela.Jindal Steel & Power Ltd.The denial comes in response to reports by Bloomberg News, which indicated that Venezuela's government had purportedly entered into an agreement with the Indian company to operate CVG Ferrominera Orinoco, the largest iron-ore producing plant in the country.The plant, however, has faced challenges operating below capacity, primarily due to years of mismanagement, insufficient investment, and a severe power crisis that struck Venezuela in 2009, necessitating production cuts to conserve energy resources.

🔗Construction World

🇮🇳 India · 🗓️ October 08, 2023 · Building Material

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Jindal Steel denies to invest in Venezuela's iron ore plant
, a prominent Indian steel company, has refuted claims of signing any agreement or committing to financial involvement in Venezuela.A statement issued by Jindal Steel & Power asserts that they "completely and categorically deny signing of any agreement or committing to any investment in Venezuela.Jindal Steel & Power Ltd.The denial comes in response to reports by Bloomberg News, which indicated that Venezuela's government had purportedly entered into an agreement with the Indian company to operate CVG Ferrominera Orinoco, the largest iron-ore producing plant in the country.The plant, however, has faced challenges operating below capacity, primarily due to years of mismanagement, insufficient investment, and a severe power crisis that struck Venezuela in 2009, necessitating production cuts to conserve energy resources.

🔗Construction World

🇮🇳 India · 🗓️ October 08, 2023 · Building Material

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