Thursday 10 July 2014

Jindal commissions $800m Oman steel plant

India-based Jindal Steel and Power began commissioning its two million tonne per annum integrated steel plant which was built at a cost of $800 million in Oman's Sohar. Following the commissioning of the facility, JSPL's s


India's Jindal to set up pipeline factory in Iraq

Iraq has awarded Indian steel production firm Jindal Saw a $198 million contract to build and operate a factory for manufacturing oil and gas pipelines in the south, a senior investment official said. The 25-year deal for the factory is pa


Pressure piles on BP as Gulf spill widens

US President Barack Obama has sent two Cabinet secretaries to the fouled Gulf Coast to keep pressure on energy giant BP to plug an undersea oil leak that threatens an ecological disaster. British-based BP is readying new measures to try to


Indian firm to buy Oman's Shadeed Iron for $464m

India's Jindal Steel & Power said on Thursday its unit will buy Oman's Shadeed Iron & Steel for $464 million expanding its reach in the Middle East. The deal which includes liabilities of $79 million, will be financed by $4


India's Jindal Steel ends Shadeed buyout talks

Leading Indian industrial group Jindal Steel & Power Company on Saturday said it has discontinued talks with UAE-based Al Ghaith Holdings regarding the purchase of Shadeed Iron & Steel. In a statement, Jindal Steel said it was

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