Industries in Vizag

Industries (by Sector)

Industrial News

VSEZ

Visakhapatnam Steel Plant

NTPC Simhadri Thermal Power Project

Visakhapatnam Port Trust

Vizagpatnam Chamber of Commerce & Industry

Sammakka-Sarakka jatara brings business for Anakapalli jaggery traders
Jaggery prices moves to Rs. 115 per kg

Security failure in Coramandal Fertilizers Factory
Rs.3.50 lakh worth of iron items looted

Bauxite mining issue gaining momentum again
Tribals launch seven days padayatra

Essar Steel acquires US Steel company
Estimated reserves of 1.4 billion tonnes of iron ore

ONGC Human Resources Meet begins at Visakhapatnam
Chairman stress importance of HR in business

Visakhapatnam, October 25, 2007

Estimated reserves of 1.4 billion tonnes of iron ore

The Essar Steel Holdings Limited, part of Essar Global Limited has completed the acquition of Minnesota Steel LLC, a US based steel company with an estimated reserves of 1.4 billion tonnes of iron ore. This is one of the largest acquitions by an Indian group in Minnesota.

North America Essar president V Madhu said that together with Minnesota Steel and Algoma Steel, the company is optimistic about creating a new and vibrant steel manufacturing capacity in North America.

Speaking to media, the Essar Global Chairman Shashi Rula said that this acquisition follows the purchase of Canada's Algoma Steel earlier in the current year. These acquisitions are in line with the strategy of having a geographical spread close to high value steel markets as well as iron our sources.

Andhra Pradesh News

Andhra Pradesh Discussions

Join our discussions on hottest topics on Andhra Pradesh

Catch up more discussions at AndhraNews.com