Month: January 2009

Hindustan Zinc, a Vedanta group company, is planning to open a silver refinery plant at the Pantnagar industrial estate in Uttarakhand with an investment of Rs 100 crore. The capacity of the new plant is expected to be around 300 tonnes per year and is likely to be into operational by the end of next … Read more Hindustan Zinc silver refinery plant in Uttarakhand

The government is ready to take tougher attitude against those companies that understate operations in terms of production or capacity in order to get a relief in advance tax obligations. There is an added clause in the Collection of Statistics Bill, 2008, passed by Parliament last month, which states that data manipulation by a company … Read more Understating operations to save tax – Face stricter penalties

Tata Steel’s proposed 1.5 million tonnes per annum (mtpa) steel plant in Orissa has been put on hold as the state government is facing difficulties in acquiring land for the project. Tata, which has a sponge iron unit at Bileipadar in Keonjhar district, had considered setting up a 1.5 mtpa steel plant adjacent to its … Read more Tata Steel’s Orissa initiative put on hold