Firm to build P2-B ferronickel smelter.
The company's entire production of ferronickel in different forms are geared for the export market. MCCI, which is now owned by PGMC Corp. of the Atayde Group, having acquired it from the Guevarra family, shall produce 13,714,500 pounds of ferronickels a year from its 3 plants in...

Adhunik Metaliks to sell stake in mining arm to PE funds.
KOLKATA: Adhunik Metaliks, which manufactures speciality steels for the auto industry, is in talks with a clutch of private equity (PE) players to offload 10-11% in a fully-owned subsidiary, Orissa Manganese & Minerals (OMML). Adhunik had acquired OMML about a year ago for around Rs 60 crore. ...

Infrastructure growth boosts GPIL.
Byline: Santanu Mishra Strong growth in the domestic infrastructure sector has boosted many allied business segments, including companies which manufacture steel wires and rods. There are a number of small players in this segment, but only companies with large volumes and backward integration capabilities are...

Religare picks: Sterlite Technologies, Rohit Ferro Tech.
MUMBAI: Religare Securities has maintained 'buy' on Sterlite Technologies' and downgraded the target price to Rs 322 from Rs 384. The company's Jan-Mar 2007-08 revenues and EBITDA have been in line with Religare's estimate, while net profit has exceeded expectations mainly due to lower tax burden for the quarter....

P/$ rate closes at P41.595/$ 1.
The peso exchange rate closed higher at P41.595 to the US dollar yesterday at the Philippine Dealing & Exchange Corp. (PDEx) from P41.64 the previous day. The weighted average rate appreciated to P41.637 from P41.651. Total volume amounted to $ 416.74 million. Mineral output seen rising ...

Tata Steel buys Rawmet Ferrous.
MUMBAI: Tata Steel has bought out Rawmet Ferrous Industries, an unlisted Kolkata-based ferro alloys player, for undisclosed sum. Rawmet has a ferro alloy plant near Cuttack consisting of two 16.5 MVA semi closed electric arc furnace having a capacity of producing around 50,000 tonnes of high carbon...

China seen to become world's second biggest consumer by 2015.
SHANGHAI, Mar. 25 (AFP) -- A booming economy will lift China to second place behind the United States as the world's biggest consumer market by 2015, a research report said Saturday. Consumption in the Asian giant is expected to make up 14.1 percent of the total among...

Facor to invest Rs 2,500 cr on expansion.
NEW DELHI: Enthused by growing demand, metals and mineral company Facor group plans to invest Rs 2,500 crore for setting up a stainless steel plant and a captive power unit in Orissa. The facility would completely absorb the production of ferro alloys from the group's units in...

Effect of pretreatment with chromium picolinate on haematological parameters during dengue virus infection in mice.
Background & objectives: Dengue virus (DV) has caused severe epidemics of dengue fever (DF) and dengue haemorrhagic fever (DHF) and is endemic all over India. We have earlier reported that exposure of mice to hexavalent chromium [Cr(VI)] compounds increased the severity of dengue virus infection. Trivalent chromium picolinate (CrP)...

IMFA to merge Indian Charge Chrome.
Byline: Subhash Narayan NEW DELHI: Indian Metals and Ferro Alloys (IMFA) has merged its subsidiary Indian Charge Chrome (ICCL) with itself creating country's largest fully integrated ferro alloy company. The merger follows pronouncement of judgement in this regard by the Orissa High Court. The court...