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Summary: Mumbai (Maharashtra) [India], July 26 (ANI): Tata Steel has subscribed to 2.58 crore rights equity shares of Tata Sponge Iron Ltd at an issue price of Rs 500 per share totalling to Rs 1,292.2 crore.
Calstar Sponge is setting up a sponge iron manufacturing unit with a capacity of 1,20,000 tpa at Jamuria in Bardhaman district of West Bengal.
Summary: TEHRAN (FNA)- Iran has considerably boosted exports of sponge iron and steel products from its Southeastern province of Hormuzgan in a seven-month period, a customs office report said.
Over 17.406 million tons of sponge iron produced by the state-run companies, 15 percent more compared to the first 10 months of the preceding year.
Dost Steels Limited is engaged in the manufacturing of steel, direct reduced iron, sponge iron, hot briquetted iron, carbon steel, pig iron and special alloy steel in various forms.
They also describe alternates to blast furnaces: low shaft and charcoal furnace, electro-thermal processes, sponge iron production, and smelting reduction processes.
Rajeev Jain, director of Jindal Realty Pvt Ltd and Girish Kumar Suneja, director of Gagan Sponge Iron Pvt Ltd ( GSIPL) are among the other accused in the case.
The Griffith mine was once owned by Stelco and operated between 1968 and 1986, supplying iron ore pellets and sponge iron to the Hamilton and Nanticoke steel works.
The technology is first of its kind for steel industry using rotary kiln process for production of sponge iron.
"We explained to the minister that the sponge iron industry uses gas as one of the inputs and not only as a source of energy.
While China primarily buys raw iron ore, the Islamic Republic is also boosting exports to India of sponge iron. Ironically, India is the world's top producer of sponge iron, but producers there are grappling with high production costs and suffering from the more aggressive Iranian exporters.
Iran, the world's second largest producer of sponge iron, is also boosting its exports of the iron product to India.