• SENSEX
    NIFTY 50
Business

Steel companies may be permitted to divert ore from captive mines to other units

Updated : October 27, 2019 12:38 PM IST

In a big boost to the steel sector, the government plans to allow integrated steel producers to divert a portion of iron ore from their captive mines for use by other joint venture entities.
Existing regulations don't allow diversion of minerals from captive blocks for use by any entity other than the one that has been allotted the mine.
As per the new reform initiative proposed for mining, the Centre would permit steel producers to use an identified portion of iron ore from their captive mines allotted prior to the auction regime for use by any other of their entities or joint venture operations.
Steel companies may be permitted to divert ore from captive mines to other units
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV