Surana Industries appoints M N Dastur & Co, MITEC as consultants

01 Dec 2006

Chennai: The city based Surana Industries Limited (SIL), which is setting up an integrated steel plant in Raichur, Karnataka has appointed M N Dastur & Co as consultant for its 30 MW captive power project. The steel company has also hired MITEC for its steel melting shop, the Bilashpur based ECIS for the DRI plant and Richardson & Crudas for pollution control.

The proposed Raichur steel plant will have capacity to produce 1.28-lakh tonne of sponge iron, 1.36-lakh tonne of steel melting shop and-1.32 lakh tonne of rolling mill annually. Karnataka government has provided 164 acres land in Raichur for this project, out of 300 acres promised.

According to managing director, Dineshchand Surana, the Rs473 crore integrated steel project is being set up mainly to cater to the needs of the booming automotive industry. The plant is expected to be operation in December 2007. The company is considering an option of a FCCB, ADRs or GDR issue to part fund the project.

The decoupling paradox: Why Wall Street keeps funding AI despite $100 oil

By Axel Miller | 11 May 2026

AI infrastructure stocks continue rallying despite $100 oil as investors bet on productivity gains and semiconductor demand in 2026.

Hybrid bonding gains attention as AI chip packaging demand grows

By Cygnus | 23 Apr 2026

Hybrid bonding is driving AI chip packaging demand as backend technologies gain importance in the semiconductor supply chain.

The agentic transition: how enterprises are scaling AI from pilot to profit

By Cygnus | 22 Apr 2026

AI has entered its execution era. Discover how companies like Valeo and Microsoft are scaling agentic AI systems—from copilots to autonomous workflows driving real business impact.

Post-splashdown: What Artemis II taught us about the ‘deep space wall’

By Axel Miller | 15 Apr 2026

Artemis II splashdown marks a breakthrough in deep space exploration. Discover AVATAR radiation data, Orion’s distance record, and insights shaping NASA’s 2028 Moon mission.

Can aviation go green? The multi-billion dollar race for sustainable fuel

By Cygnus | 10 Apr 2026

Airlines are racing to adopt sustainable aviation fuel, but limited supply and high costs challenge the future of green aviation.

The battery race: who will control the future of electric vehicles?

By Axel Miller | 08 Apr 2026

The global battery race is reshaping the electric vehicle industry, with China, the US, and Europe competing for control over supply chains and technology.

AI vs governments: Who controls the future of intelligence?

By Cygnus | 07 Apr 2026

Governments and AI companies like OpenAI and Anthropic are shaping the future of intelligence amid rising policy conflicts and global competition.

Strait of Hormuz: how one chokepoint controls the global economy

By Axel Miller | 06 Apr 2026

The Strait of Hormuz is a critical global chokepoint. Learn how disruptions impact oil prices, shipping, and the global economy.

The $2 trillion AI infrastructure race: Who will control global compute?

By Cygnus | 06 Apr 2026

AI spending is set to exceed $2 trillion in 2026, driving a global race in data centers, chips, and energy infrastructure.