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JSW Steel posts 30% growth in crude steel production

New Delhi, Mar 5 (UNI) JSW Steel, part of the four-billion-dollar O P Jindal Group, today reported a 30 per cent growth in its crude steel production in February.

The growth was despite shutdown of one of the furnaces due to accidental fire on February 15, the company said.

The volume growth during the month has been achieved across all products excepting galvanising products.

The company's 1.3 million tonnes per annum (MTPA) expansion project commissioned in November 2006 is operating above 80 per cent capacity.

The work on re-commissioning the furnace, shut down during the month for repairs, is expected to be on stream in April, the company added.

UNI

Meghalaya annual plan fixed at Rs 1,120 cr

New Delhi, Mar 7 (UNI) The annual plan size for the North Eastern State of Meghalaya for 2007-08 was fixed at Rs 1,120 crore as against Rs 900 crore during 2006-07, which includes an additional Central assistance of Rs 73 crore for projects of special interest to the State. The plan was finalised at a meeting between Planning Commission Deputy Chairman Montek Singh Ahluwalia and Meghalaya Chief Minister J D Rymbai. Mr Ahluwalia said the Centre has asked the State.....

Exemption free regime on the anvil, FM rules out their restoration

New Delhi, May 7 (UNI) Finance Minister P Chidambaram today did not give in to the industry's clamour of bringing back sector-specific exemptions eliminated in Budget 2007-08, stating categorically that the government wants to make way for an exemption-free regime. In a Post-Budget address to the National Council of the Confederation of Indian Industry (CII) here, Mr Chidambaram made it clear to the captains of industry that exemptions have been removed in the Budget after deep analysis and he would not.....

PNB pays Rs 72.9 cr dividend to govt

New Delhi, Mar 5 (UNI) Punjab National Bank today paid 40 per cent interim dividend amounting to Rs 72.90 crore for the financial year 2006-07 to the government. The bank earned a net profit of Rs 1,302.38 crore for the nine months of the current financial year 2006-07. Its net interest income increased by 18 per cent year-on-year to Rs 4,092 crore in the nine months ended December 2006. Net Interest Margin of the bank also increased to 4.21 per.....
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