10 Dec

SAIL does not have any cash and bank balance

2 billion rupees debt due for repayment this fiscal year, which will have to be “met from borrowed funds”.“If we see SAIL increasing its pace of production, the turnaround may happen within six months to one year,” Singh told Reuters.23 billion rupees, 13 per cent below the then target.Minister of Steel Chaudhary Birender Singh said he hoped SAIL would be able to improve its performance in the coming months.71 billion rupees including tax to the government based on its “net-worth” last fiscal year.SAIL’s refusal could make it harder for the government to meet its budgeted target of China DIN935 HEX NUT Manufacturers raising 1.75 “the company in financial covenants agreed to with some of the foreign lenders”. New Delhi: State-owned Steel Authority of India Ltd (SAIL) has declined a government call for a dividend for the last financial year, saying it did not have “any cash and bank balance” and that its debt-to-income ratio was much higher than agreed with some lenders, showed an internal document reviewed by Reuters.”A SAIL spokesman told Reuters that the firm posted a loss in the 2017-18 fiscal year “so there is no chance of a dividend”.

SAIL does not have any cash and bank balance and would need to borrow from the market for payment of dividend,” SAIL said in an explanation sent to the government expressing its inability to pay the dividend. “The company is right now on course-correction mode.95 billion) from the dividends and profit of state-owned companies this fiscal year ending March.7 billion, were down more than 2 per cent.Shares of the company, which has a market value of around $4. SAIL does not have any cash and bank balance and would need to borrow from the market for payment of dividend.The firm has 32.7 billion, were down more than 2 per cent after the news in a wider market that was largely flat.06 trillion rupees ($14.The document also showed SAIL’s net debt-to-earnings before interest, taxes, depreciation and amortization (EBITDA) ratio was 8.”SAIL’s stock, which has fallen more than 13 per cent this year, was trading at 79.5, against the 1.The Ministry of Finance did not respond to a request for comment.Shares of the company, which has a market value of around $4.5 to 3.60 rupees on Friday afternoon.“It is getting increasingly difficult to borrow further from the market in the current market conditions, especially for the steel sector, as the financial institutions and banks are reluctant to take further exposure on steel industry. But this year, the company will end up showing net profit in toto,” the spokesman said. Last fiscal year, the government received 1.“In the last three quarters, the company has been in profit and production is also ramping up although the loans do exist.India’s second-biggest steel firm by current production said it had been due to pay out 21.

3 Dec

The company plans to bid for iron ore and coking coal mines

The company imports around 8 million tonnes of coking coal every year. The notes will be listed on Singapore Exchange Securities Trading Ltd, the company said. Shares of the company fell by 1.16 per cent to close at Rs 196. wholesale hex nut Shares of the company fell by 1.40 on BSE. New Delhi: Sajjan Jindal-led JSW Steel has raised USD 500 million (around Rs 3,234 crore) through an issue of fixed rated senior unsecured notes.JSW Steel, the flagship firm of USD 11 billion JSW Group, has plants spread across six locations in Karnataka, Maharashtra and Tamil Nadu.

The company plans to bid for iron ore and coking coal mines in the upcoming auctions, JSW Steel Joint MD and Group CFO Seshagiri Rao had said.Company plans to bid for iron ore and coking coal mines in the upcoming auctions.The company had earlier said that it is “capable” of spending up to USD 1 billion (around Rs 6,500 crore) per annum on both capacity expansion and acquisitions.It would participate in the auction of two iron ore mines in Odisha and of coking coal mines in Jharkhand, he had said.”The company has raised USD 500 million by allotment of fixed rate senior unsecured notes,” JSW Steel said in a filing to BSE today.40 on BSE.16 per cent to close at Rs 196

25 Nov

The chips will sizzle and then start to brown a bit

Recipe: Food blogger Nagalakshmi, cookingandme. Let the vegetables simmer till they are cooked completely.Let it rest for 30 minutes. Heat a pan and add coconut oil.Paal payasamIngredients250 ml milk30 gm rice80 gm sugar 20 gm chopped dry nuts 2 gm cardamom powder10 flakes of saffron 10 gm gheeMethodIn a pan, pour ghee and then sauté the rice on medium flame. When the mixture thickens, add the melted jaggery and let it simmer for five to 10 minutes. Once it is darkened (make sure it’s almost black), take it off the pan. Chef Unnikrishna, The Westin Hyderabad MindspaceAda pradhamanIngredients100 gm rice flakes (easily found in the market) 250 gm grated jaggery 5 cups thin coconut milk 1 cup thick coconut milk2 tbsp of ghee tsp of cardamom powder tsp of roasted, powdered jeera tsp of dry ginger powder 2 tbsp of coconut pieces 12 raisins w 12 cashew nutsMethodMelt the jaggery and set aside. Let it soak in the water for 15 minutes. In the same pan, add the cashew nuts and raisins and fry until golden brown.This Onam, we bring you dishes that form an integral part of the Onam Sadhya, a variety of vegetarian dishes served on a banana leaf. Don’t boil the payasam, otherwise the coconut milk will curdle. Serve hot. Then add the vegetables to that and let it cook for a while.

The chips will sizzle and then start to brown a bit. The sizzling will almost subside when the chips are ready.Then, to the simmering rice-coconut mixture, add the thick coconut milk, mix once and turn off the flame.. Give it a mix and serve after draining the excess oil.. When the vegetables are half-cooked, add turmeric powder and mix well. Ingredients40 ml coconut milk 20 gm pumpkin 20 gm yam 2 green chillies, slit5 gm coriander chopped50 gm beaten yoghurt 3 cluster beans 1 carrot (medium sized)3 french beans 20 gm bottle gourd tsp turmeric powder Salt to tasteFor the coconut paste 50 gm grated coconut 1 green chilli 4 gm cumin seedsGrind these ingredients into a fine pasteFor tempering 50 ml coconut oil 3 gm mustard seeds4 red chillies dry 10 curry leavesMethodWash the vegetables, cut them length-wise and set aside. Heat oil in a pan and let it almost reach its smoking point.

Stir and simmer for a minute, serve with steamed rice.com. Then, add the thin coconut milk to the rice flakes and cook until it turns soft. Once hot, add mustard seeds, red chillies and curry leaves. Take it off the heat and grind it into a coarse powder, add a drop of ghee to the rice and set aside. While the mixture bubbles away, heat ghee in a pan and fry the coconut pieces. Then, add the spice powders — cardamom, dry ginger, cumin — along with roasted coconut, raisins and cashews hex flange nut Manufacturers and the ghee used to roast them in. Pat the soaked bananas dry using kitchen towels (it’s okay if it’s a little moist), Using a slicer, slice the bananas into thin discs and add it to the hot oil.

Once that is done, add the yoghurt and the coconut milk. Meanwhile, mix salt in two cups of water, sprinkle it over the chips when they are still in the oil but ready. After a minute, add the ground coconut paste and some water. Meanwhile, mix turmeric powder in a bowl of water and immerse the bananas in it. Onam special This Onam, we bring you dishes that form an integral part of the Onam Sadhya, a variety of vegetarian dishes served on a banana leaf. Take it off the heat and top it with saffron, cardamom powder and nuts.Banana chipsIngredients3 raw bananas1 tsp of turmeric powder1-2 tbsp of salt4-5 cups of coconut oil for deep fryingMethodMake grooves into the skin of the bananas and peel it gently. Add sugar and let it boil on low flame for another 10 minutes until you get a thick consistency. Boil water and once it starts bubbling, turn off the heat and add the rice flakes to it. Meanwhile, boil milk and once that is done, add the rice and let it simmer until cooked

20 Nov

The plant which has come up at an investment

JSPL said in a statement.”The plant which has come up at an investment of over Rs 33,000 crore and also comprises a 1.”The completion of 3 MTPA (BOF) at JSPL&heavy hex nuts Suppliers39;s 6 million tonne per annum (MTPA) integrated steel plant at Angul, Odisha has taken the company’s overall steel-making capacity to 11.5 MTPA Bar Mill, a 1.The BOF has been using cutting-edge technology from global steel technology major SMS Group, the company said.

The plant has been commissioned without taking an additional debt since January 2016..”With the successful completion of the BOF today, the Angul steel complex will now achieve optimal efficiencies in terms of costs and operations,” JSPL Chairman Naveen Jindal said… The plant has been commissioned without taking an additional debt since January 2016.6 million tonnes per annum (MTPA) after the completion of a 3 MTPA basic oxygen furnace at the company’s Angul steel plant in Odisha.The company also said that for the first time in India, JSPL has deployed the dry gas cleaning system, which is significantly higher in environment friendliness as compared to the wet gas cleaning plant used in the steel-making process.The integrated plant, which comprises a 4 MTPA blast furnace and a 2 MTPA DRI (directly reduced iron) plant, is JSPL’s single largest investment, it said.

Private sector Jindal Steel and Power Ltd (JSPL) on Tuesday said its production capacity has reached 11.”Adoption of dry gas cleaning system reiterates JSPL’s commitment to green technology,” Dinesh K Saraogi, Executive Director and Plant Head, JSPL Angul, said.Company aims to deliver a substantial rise in financial performance as full capacity at Angul plant.The basic oxygen furnace, a 250 tonne ladle furnace, is capable of producing additional 3 MTPA.2 MTPA plate mill and a 810 MW captive power plant.”The company aims to deliver a substantial rise in financial performance as full capacity at Angul plant goes on-stream, and targets to double its current EBIDTA levels,” JSPL said.The installation of 3 MTPA basic oxygen furnace (BOF) follows the commissioning of the company’s 4 MTPA blast furnace at Angul in August 2017

13 Nov

For the current fiscal

RINL, corporate entity of Visakhapatnam Steel Plant, produces special steel, including wire rod coils, rounds and billets of different grade and dimensions.5 MT. (Representational Image) heavy hex nuts Manufacturers New Delhi: State-run Rashtriya Ispat Nigam Ltd is eyeing to produce 6.4 million tonne (MT) and 5.5 MT.Every PSU on an annual basis sets targets for the fiscal and enters into a pact with the concerned administrative ministry in this regard.A will be signed between Secretary, Ministry of Steel, Binoy Kumar and RINL Chairman and Managing Director P K Rath.

For the current fiscal, RINL is targeting a turnover of Rs 25,000 crore compared to Rs 20,844 crore in 2018-19, its CMD had last month said.8 million tonne of saleable metal in the financial year 2019-20, a company official said.The public sector undertaking (PSU) will be signing a Memorandum of Understanding (MoU) in this regard, with its administrative ministry — Ministry of Steel — likely by the first week of June, the official said.8 MT, respectively,” the official said.”The MoU is in the final stages and is expected to be signed next week or so. The state-run firm produced 5 MT of saleable steel against the target of 5.1 MT of liquid metal but could only produce around 5.For the year 2018-19, Rashtriya Ispat Nigam Ltd (RINL) had a target to produce 6..4 million tonne of liquid steel and 5. The target for liquid steel and saleable steel for financial year 2019-20 would be around 6.The pact will be signed between Secretary, Ministry of Steel, Binoy Kumar and RINL Chairman and Managing Director P K Rath. RINL will be signing a Memorandum of Understanding (MoU) in this regard, with its administrative ministry — Ministry of Steel — likely by the first week of June, an official said

6 Nov

This has resulted in the deprivation of the entitled

In June 2002, after a direction from the Odisha high court the probe into the alleged Rs 40-crore Steel Bond scam was given to the CBI. Teacher Itishree Pradhan whose murder has remained a mystery. China DIN935 HEX NUT Manufacturers Bhubaneswar: A number of tricky, politically sensitive and unsolved cases in Odisha are posing a challenge for premier central investigating agency Central Bureau of Investigation (CBI) which was handed over the task, in some matters almost two decades ago, to crack cases in which state government investigators failed to make headway.Since 2000, the CBI has taken over four key cases — steel bond scam, Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) scam, chit fund scam and woman teacher Itishree murder case. Surprisingly, in all these cases, the agency has not only “failed” to nail the culprits.In June 2002, after a direction from the Odisha high court the probe into the alleged Rs 40-crore Steel Bond scam was given to the CBI.However, no breakthrough has been achieved yet. Most accused bureaucrats, who were a part of a committee that had illegally facilitated release of Rs 17 crore loan to a Mumbai-based private to steel producer, have continued to enjoy their freedom all this while.Steel Bond was a corpus fund raised by the former Biju Patnaik government (1995-1999) to provide support to the prospective steel producers to invest in Odisha so as to create employment.As the steel producer defaulted in loan and interest repayment, the debt accumulated to Rs 40 crore by 2002.

This was the first case given to CBI by the Naveen Patnaik government that came to power in 2000.On May 12, 2011, while hearing a petition filed by non-profit entity Centre for Environment and Food Security (CEFS), the Supreme Court had directed the CBI to probe the alleged corruption in implementation of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA)The CEFS had pointed out that while some northeastern states and Andhra Pradesh did a good job in implementing the rural employment scheme, states like Odish were far behind.“We are constrained to observe that the Union of India as well as the state of Odisha, prima facie, have failed to effectively and purposefully implement the provisions of the Act.

This has resulted in the deprivation of the entitled class from getting employment and receiving the allowances due to them in terms of the statutory guarantees available to them under the Act,” the apex court had then observed and handed over the case to CBI for investigation.In February 2012, the CBI placed before the Supreme Court its report on the investigation into the alleged corruption in utilisation of Central funds in six districts in Odisha. The case is still pending in SC for disposal.“In our petition we had contended that MGNREGA money was looted by officials under patronisation of top officers by maintaining false muster rolls. The CBI, during its investigation, could not trace the fake persons because some witnesses were bribed by officials to hide the truth. It is the responsibility of the CBI to expose those fake beneficiaries and the officers who siphoned off the MGNREGA funds by maintaining false muster-rolls,” said Parsuram Ray, director of CEFS.In 2007, CEFS had conducted a survey in 100 villages of Odisha’s backward districts and found that out of Rs 733 crore spent under MGNREGA during 2006-7, over Rs 500 crore was siphoned off and misappropriated by government officials of the executing agencies.In the multi-crore chit-fund scam, although CBI arrested a BJD Lok Sabha member Ramchandra Hansda, two of its sitting MLAs – Pravat Tripathy and Pravat Biswal – some influential people, including a few former ministers, allegedly involved in irregularities are yet to be brought into the ambit of investigation.

On November 24, the CBI filed a closure report in the Supreme Court in the woman teacher Itishree Pradhan murder case claiming that it could not trace the key accused. Leaders cutting across party lines had demanded strong action against the accused in the case.Itishree, who had informed her top bosses and chief minister Naveen Patnaik through letters about the threat to her life from influential officers and politicians, was set on fire on Oct 27, 2013, allegedly by some unidentified persons against whom she had brought sexual harassment charges.The teacher had even mentioned names of some persons in her dying declaration recorded by police at a hospital in Visakhapatnam. Leaders of the BJP and Congress have called for reopening the case.The CBI, which on January 20, 2015, took over the case, had examined several witnesses in the Itishree murder case but could not narrow down on the culprits. Senior BJP leader Bijoy Mohapatra said it was unfortunate that the CBI submitted a closure report in the Supreme Court before reaching a conclusion.“In the history of CBI, definitely the closure of the lady teacher murder case would be a blot. This is very unfortunate,” said Mr Mohapatra.The Congress leader Niranjan Patnaiik said, “Who killed Itishree has become a mystery after CBI’s closure report. We demand reopening of the case.”

31 Oct

Police officers are investigating charges

Police officers are investigating charges that Tata Steel&carbon steel nuts Manufacturers039;s staff in and around its Yorkshire’s site. Tata_Steel.jpg # Police officers are investigating charges that Tata Steel’s staff in and around its Yorkshire’s site. London: UK’s Serious Fraud Office has initiated a criminal investigation into Tata Steel’s operations, the Telegraph reported on Thursday.

Police officers are investigating charges that Tata Steel’s staff in and around its Yorkshire’s site, may have faked certificates on the composition of the products before its sale, the newspaper said.Examined documents have affected 500 customers, including BAE and Rolls-Royce, Telegraph said, citing a source.Tata, the biggest steel producer in Britain, has put its British businesses up for sale due to high costs, weak demand and a flood of cheap supplies from top producer China.The British government, under fire for the way it has responded to the crisis, opened talks with potential buyers for Tata Steel’s UK operations, including Gupta’s Liberty House, earlier this week.

28 Oct

The move would augment the former

The move would augment the former&heavy hex nuts Manufacturers039;s business profile and revenue generation. Moody’s Investors Service on Monday termed mining giant Vedanta’s acquisition of bankrupt Electrosteel Steels through insolvency process as “credit positive”, saying the move would augment the former’s business profile and revenue generation. New Delhi: Moody’s Investors Service on Monday termed mining giant Vedanta’s acquisition of bankrupt Electrosteel Steels through insolvency process as “credit positive”, saying the move would augment the former’s business profile and revenue generation.The Kolkata bench of NCLT on April 17 had approved the resolution plan submitted by Vedanta Ltd for Electrosteel Steels, making it first among the 12 large stressed accounts identified by the RBI last year to get resolved under the Insolvency and Bankruptcy Code (IBC). Vedanta’s acquisition of 90 per cent Electrosteel Steels’ stake is credit positive, the ratings agency said in a statement.”Vedanta Resources announced National Company Law Tribunal (NCLT) approved its subsidiary’s acquisition of Electrosteel Steels Ltd for USD 813 million. The transaction, although most likely funded with debt, is credit positive for Vedanta because it will enhance the company’s business profile and revenue generation, while having a marginal effect on credit quality,” the statement said.Vedanta expects the Electrosteel transaction to close by the middle of 2018. As per the plan, Vedanta will take more than 90 per cent stake in Electrosteel, while the remaining 10 per cent stake will be held by minority shareholders and lenders.

The Anil Agarwal-led mining company will subscribe to Electrosteel shares for USD 275.7 million and infuse USD 536.9 million to settle Electrosteel debt owed to its financial creditors.”Steelmaking is a natural forward integration for Vedanta’s iron-ore business because iron ore is a key raw material in steel. The integration of iron ore and steel operations will enhance this business’ profitability. We expect some synergies with Electrosteel given that Vedanta is exploring undeveloped iron-ore deposits in Jharkhand with a potential of 150-200 million tonne,” the statement said.Electrosteel owns and operates an integrated steel manufacturing facility near Vedanta’s Jharkhand iron-ore deposits. The plant has current capacity of 1.5 million tonnes per annum (MTPA), with an option to increase capacity to 2.5 MTPA.”To ramp up Electrosteel’s capacity to 2.5 MTPA, we estimate that Vedanta will incur capital spending of USD 100-USD 150 million in fiscal 2019 and 2020,” Moody’s said.Vedanta’s foray into steelmaking is backed by strong demand growth in India’s steel market and Moody’s expects steel consumption to grow 5.5 per cent-6 per cent in 2018, which is one of the highest # growth rates in Asia.Increasing urbanisation, large infrastructure projects and rising steel consumption in the automotive sector are major drivers for rising steel demand, Moody’s said. Electrosteel was among the 12 non performing assets the Reserve Bank had referred for insolvency proceedings. It owes to its lenders over Rs 10,500 crore.

23 Oct

The purpose of this study was to assess the effectiveness

If carboxytherapy can provide prolonged benefits, it offers patients yet another noninvasive option for fat reduction. Representational Image. (Photo: Pixabay) Washington: Turns out, carbon dioxide can be beneficial in reducing belly fat.According to a study conducted by the Northwestern University, carbon dioxide gas injections (carboxytherapy) reduce belly fat. However, the changes were modest and did not result in the long-term fat reduction.”Carboxytherapy could potentially be a new and effective means of fat reduction,” said lead author Murad Alam. “It still needs to be optimized, though, so it&10mm hex nut39;s long-lasting.”The new technique’s benefits were that it is a “safe, inexpensive gas, and injecting it into fat pockets may be preferred by patients who like natural treatments,” Alam said.

Non-invasive fat reduction has become increasingly sought-after by patients.” Benefits of a non-invasive approach are diminished downtime, avoidance of scarring and perceived safety.Current technologies routinely used for non-invasive fat reduction include cryolipolysis, high intensity ultrasound, radiofrequency, chemical adipocytolysis, # and laser-assisted fat reduction. Carboxytherapy has been performed primarily outside the US, with a few clinical studies suggesting it may provide a lasting improvement in abdominal contours.The way carboxytherapy works are not well understood. It is believed that injection of carbon dioxide causes changes in the microcirculation, and damages fat cells. No randomised controlled trials for carboxytherapy efficacy and benefit over time have been previously conducted.

The purpose of this study was to assess the effectiveness of carboxytherapy for fat reduction in a randomised, controlled trial, and to determine if any observed benefits persisted for six months.The study consisted of 16 adults who were not overweight (body mass of 22 to 29) and was randomised to get the weekly carbon dioxide gas injection to one side of their abdomens and a sham treatment on the other side once a week for five weeks. A high-resolution ultrasound detected a reduction in superficial fat after five weeks but not at 28 weeks. The patients’ body weight did not change over the course of the study.That the difference was not maintained at six months suggests the treatment stimulated a temporary metabolic process that reduced the size of fat cells without inducing cell death, Alam said. “If carboxytherapy can provide prolonged benefits, it offers patients yet another noninvasive option for fat reduction,” Alam said. “But we don’t feel it’s ready for prime time.”The study appears in the Journal of the American Academy of Dermatology.

18 Oct

Sanjeev Gupta Indian origin businessman Sanjeev Gupta

Sanjeev Gupta Indian origin businessman Sanjeev Gupta’s Liberty House group has confirmed that it will be submitting its bid for Tata Steel’s loss-making UK businesses by Tuesday, according to a media report.The commodities trading firm, which emerged as an early front-runner for Wales-based Port Talbot steelworks, had said last week that its team was evaluating the bid.Indian-origin businessman Sanjeev Gupta’s Liberty House group has confirmed that it will be submitting its bid for Tata Steel’s loss-making UK businesses by Tuesday, according to a media report.

Mr Gupta is being advised by several former Tata Steel executives including Jon Bolton, who until last year was the head of Tata’s Long Products business in Europe, the report said. “We can confirm that Liberty will submit a letter of intent to Tata Steel on Tuesday and has put in place a strong internal transaction team and panel of leading hexagonal nut Manufacturers external advisers to take the bid forward,” a Liberty House spokesp-erson was quoted as saying by The Financial Times.Mr Bolton joined Liberty House last month to run its steel business in Scotland, also bought over from Tata. Liberty House is reportedly working with Macquarie Capital, which is prepared to support the bid with funding, and State Bank of India