MC to fund phase-I of steel plant
The News Review:
- MC to fund phase-I of steel plant
- It’s sensors next in Rolta’s defence line-up
- Chevron in Australian LNG boost
MC to fund phase-I of steel plant
Hindu – Dec 23, 2007
Rajasekhara Reddy speaking at Bramhani Industries Limited steel plant site in Kadapa district on Saturday. AMBAVARAM (KADAPA): The first phase of the mega steel plant of Bramhani Industries Limited (BIL) with a capacity of 2. 5 million tonnes being established with an outlay of Rs. 4500 crore will be totally funded by the bulapuram Mining Company (MC) BIL Chairman and Managing Director Gali Janardhana Reddy said on Sunday. The initial promoters’ contribution of Rs. 450 crore is in account and Rs… Rajasekhara Reddy assured to consider the feasibility. Blast furnace order was placed with a Chinese company and machinery would be supplied in nine months while Mecon was awarded Rs. 90-crore contract for engineering works BIL Joint Managing Director D. Discussions were in progress with four international suppliers on coke ovens he said. A sinter plant with 80 per cent sinter and 20 per cent lump ore would be set up.
It’s sensors next in Rolta’s defence line-up
Business Standard – Dec 23, 2007
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Chevron in Australian LNG boost
Tehran Times – Dec 23, 2007
“”Three developed together gives us significant economies of scale more efficient use of the available workforce and it generates more revenue earlier in a strong LNG market “” pointed out Chevron. The group already has approval to build a two-plant facility on Australia’s Barrow Island and it expects little change to any environmental impact as a result of the extra plant as it will still be built within the approved 300 hectares limit. During the next 12 months Chevron’s Gorgon team will work with the Australian government to pursue approval for the additional plant begin engineering and design work on the project reconfirm supply tenders and contracts and expand the capacity of the project team. Final investment decisions should follow on the project which should take about five years to build. The Gorgon project is at the centre of Chevron’s investments in Australia. With an estimated resource base of more than 40000b cubic feet of gas which is located up to 200 kilometers offshore and in water depths of up to 1300 meters the project has a nominal development life of 60 years. Gorgon is being operated by Chevron in a joint venture with the Australian subsidiaries of ExxonMobil and Royal Dutch Shell.
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