Neelanchal Ispat can sell captive mine ore

11 Jan 2021 Editorial Team

In a first, disinvestment-bound Neelanchal Ispat Nigam Ltd (NINL) which has a 1.1 million tonne integrated iron and steel plant at Kalinganagar in Odisha is set to operationalise its captive iron ore mines and sell the produce in open market. The development comes after the company received a nod from the central government.

In a meeting held in November 2020, it had been decided that the Ministry of Commerce and Industry will coordinate with the Ministry of Steel and Mines to secure permission for NINL for commercial operation of its captive mines till the disinvestment process gets wrapped up.

The Ministry of Mines noted a major downfall in iron ore production due to Covid-19 and granted NINL permission to sell up to 25% of the annual iron ore production for a period of one year or until the disinvestment of the company, whichever is earlier, as per an official order.

Image Source: NINL

Real Estate

11 May 2026

Danube Launches Greenz Villa Community in Dubai

Danube Properties has launched Greenz by Danube, a fully furnished master villa community in Dubai, unveiled by H.E. Sheikh Nahyan bin Mubarak Al Nahyan, UAE Minister of Tolerance and Coexistence, at an event attended by over 7,000 investors and business leaders.Located near Dubai International Academic City and Dubai Silicon Oasis, the development marks Danube’s first large-scale integrated villa community and is positioned within one of Dubai’s emerging residential corridors.The project will comprise three and four-bedroom townhouses along with five-bedroom semi-detached and twin villas...

ABB Launches IE6 Motor for Hazardous Industrial Areas

ABB has introduced what it claims is the world’s first IE6 Hyper-Efficiency motor certified for hazardous industrial environments under ATEX and IECEx standards.The new Increased Safety motor is based on ABB’s synchronous reluctance (SynRM) technology and is designed without magnets or rare earth materials. According to the company, the motor reduces energy losses by up to 60 per cent compared to standard IE3 induction motors commonly used in hazardous areas.The motor is intended for use in industries such as chemicals, marine, oil and gas, pharmaceuticals and food and beverage, where expl..

Casagrand Launches 41-Acre Highcity Project in Chennai

Casagrand has launched Casagrand Highcity, a 41-acre integrated residential development on Chennai’s Outer Ring Road (ORR), marking the company’s largest residential project to date.The project will comprise over 4,000 two and three BHK apartments across four G+22 towers and is positioned as one of the largest organised residential developments in the ORR corridor.Located along Chennai’s emerging residential and infrastructure growth belt, the project benefits from connectivity to IT hubs including Navalur, Siruseri SIPCOT and Porur, as well as industrial clusters such as Sriperumbudur, ..