Bolivian media reported that Jindal Steel Bolivia has appointed Mr Carlos H Mazzi Fernandez to the position of president & CEO. Mr Fernandez Mazzi brings over 25 years international management experience. He was instrumental in developing the San Cristobal mining project in Bolivia and recently as CEO of the Foundation WJ Clinton, based in New York, he was responsible for development projects in Latin…

Press Trust of India reported that after over 27 years at Ford Motor Company, Mr Michael Boneham President and MD of Ford India is all set to hang up his boots this December. The company in a statement said that “Mr Boneham has elected to retire effective December 31st 2012, after a successful career spanning over 27 years with Ford Motor Company.” He will be succeeded by Mr Joginder Singh, who now heads…

Reuters reported that the next chairman of India's venerable salt-to-software conglomerate TATA Group will be an insider and a family member by marriage. India's biggest corporate house on Wednesday ended a search that lasted more than a year for a successor to chairman Mr Ratan Tata, tapping Mr Cyrus Mistry as deputy chairman of TATA Sons, the group's holding company. He will succeed Mr Ratan Tata when he…

Jindal Steel & Power Ltd has announced that Mr Rahul Mehra, Independent Director of Jindal Steel & Power Ltd has resigned from Directorship of the Company with effect from October 04th 2012. Source - Money control

Economic Times reported that Mytrah Energy Limited gears to become the largest wind based independent power producer in India by installing a capacity of 310 MW of power from wind assets. In Andhra Pradesh the company has a total capacity of 63 MW of wind assets in Vajrakarur in Anantapur district. Over INR 400 crore has been invested for the project in Vajrakarur. A capacity of 37.4 MW in Burgula in…

India’s Navratna CPSE National Aluminium Company Limited (Nalco) and the Ministry of Mines announced the signing of a Memorandum of Understanding setting forth higher output targets for the current fiscal year. Under the memorandum, Nalco’s targeted revenue (less exise duty) has been pegged at US$1.06 billion. Output targets rose as well, to 2.1 million metric tons for alumina, and 385,000 metric tons of…

About 80 per cent of India's $12 bn foundry industry comprises SMEs, 15% are medium-sized players and only five per cent are large units Several small and medium-sized foundries across the country have been forced to stop production, owing to a demand slump. Industry insiders say that most of these units cater to automotive manufacturers and ancillaries, and that 10-15 per cent of them have either closed…

‘It will help local units improve quality of products’ M. Prabhu, Additional Director of the Department of Commerce and Industries, on Friday stressed on the need to establish a research centre for foundry industry in Shivamogga. Inaugurating ‘Buysem-2015’, a vendor development programme organised by the Shivamogga Chapter of The Institute of Indian Foundrymen (IIF) here, Mr. Prabhu said there were 45…

With the new guidelines by Central Pollution Control Board (CPCB), the industry is hoping that they will no more be categorised under the red category and be upgraded to orange category Foundry Industry in India is finally hoping that the ease of doing business will finally come knocking on their doors. With the new guidelines by Central Pollution Control Board (CPCB), the industry is hoping that they will…

Neelachal Ispat Nigam Ltd, a joint venture company of MMTC and the Odisha government, has achieved steel making capabilities after a ten year long wait. The company now has a fully automated BOF and continuous casting plant. The company has also announced its intention to install a rolling mill. NNL started production in 2002, but were only making pig iron. Source: steeltimesint.com