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JSPL completes Rs 13,000 crore power project in Chhattisgarh: Reports

India Infoline News Service | Mumbai | April 24, 2015 18:24 IST

Report said that the Group's total installed capacity across the country now stands at 37.6 billion units of electricity annually.

Mining Newsletter - April 20 to 24, 2015

India Infoline News Service | Mumbai | April 24, 2015 14:17 IST

JSW Steel Ltd. recorded Crude Steel production of 12.63 Million tonnes for FY 2014-15, up by 4% over FY 2013-14. The Company achieved 98% of production guidance of 12.9 million tonnes given at the beginning of FY 2014-15.

Electrosteel Steels denies reports

India Infoline News Service | Mumbai | April 24, 2015 14:08 IST

The Exchange had sought clarification from Electrosteel Steels Ltd with respect to news appearing on ET NOW on April 21, 2015 titled "Tata Steel, Vedanta looking to buy Electrosteel Steel Ltd ; Electrosteel Steel management looking to sell off company due to debt burden of Rs 6000 Crs.."

Hindalco Industries clarifies reports

India Infoline News Service | Mumbai | April 24, 2015 13:58 IST

The Exchange had sought clarification from Hindalco Industries Ltd with respect to news article appearing in Financial Express on April 24, 2015 titled "Birla's Hindalco said to seek $350 million selling real estate".

High cost and low production led to poor Q4: Tata Sponge

India Infoline News Service | Mumbai | April 24, 2015 12:22 IST

The company's operational issues added difficulty to the performance and resulted in disappointing Q4.

Metal stocks rally on foreign brokerage upgrade

India Infoline News Service | Mumbai | April 23, 2015 13:22 IST

The BSE Metal index has now jumped 1.4 percent at 10,148.

Coal India spurts 2% after Coal Ministry signs MoU

India Infoline News Service | Mumbai | April 23, 2015 09:49 IST

According to media reports, Coal Ministry has signed a Memorandum of Understanding with Indian Railways & Odisha Government to undertake project development, financing and implementation of identified projects for evacuation of coal through rail.

Sesa Sterlite renamed Vedanta

India Infoline News Service | Mumbai | April 22, 2015 11:03 IST

The name change to Vedanta Limited is now effective post issue of Fresh Certificate of Incorporation issued by the Registrar of Companies, Goa, Ministry of Corporate Affairs (MCA), Govt. of India.

Tata Steel clarifies reports on acquiring Electrosteel Steel

India Infoline News Service | Mumbai | April 22, 2015 10:27 IST

While Tata Steel as part of its business strategy regularly evaluates strategic opportunities across various segments of its operations in different geographies.

Mining lease auction: State govts may get more powers

India Infoline News Service | Mumbai | April 22, 2015 08:34 IST

According to MMDRA Act, 2015, the state government may in its discretion identify a specific end use as a prerequisite for auction of mining lease

POSCO's Q1 results in line with its ratings: Moody's

India Infoline News Service | Mumbai | April 22, 2015 08:30 IST

According to POSCO, its consolidated and unadjusted operating income totaled KRW731 bn in Q1 2015. The result was similar to that recorded in Q1 2014.

Hindustan Zinc falls after Q4 earnings

India Infoline News Service | Mumbai | April 21, 2015 11:13 IST

The board of directors of the company at its meeting held on April 20, 2015, inter alia, has recommended final dividend at 125 percent (Rs. 2.50 per share) for the year 2014-15.

Posco, SAIL in talks to set up a steel plant

India Infoline News Service | Mumbai | April 21, 2015 11:03 IST

Narendra Singh Tomar said in Lok Sabha that SAIL and Posco recently discussed possible collaboration opportunities including setting up of an integrated steel plant and the discussions are at a very preliminary stage.

Tata Sponge nose-dives on dismal Q4 nos

India Infoline News Service | Mumbai | April 21, 2015 09:39 IST

The stock slumped 12.5 percent after profit tanked by nearly 79 percent in Q4.

Vedanta wins four awards at IndiaCSR

India Infoline News Service | Mumbai | April 21, 2015 09:00 IST

Vedantas Jharsuguda business wins the Best CSR Award in Women Empowerment.

Ministries of Railways, Coal & Odisha Govt signs MoU for evacuation of Coal

India Infoline News Service | Mumbai | April 20, 2015 21:19 IST

Suresh Prabhu said that coal freight is the most important component of revenue generation of the Railways. Coal is poor man fuel and it is utmost important for us to increase coal production in the country.

Hindustan Zinc Q4 net profit at Rs. 1,997.4 crore

India Infoline News Service | Mumbai | April 20, 2015 17:33 IST

Total Income has increased from Rs. 42,313.40 mn for the quarter ended March 31, 2014 to Rs. 47,205.60 mn for the quarter ended March 31, 2015.

NMDC dips 7% after reduction in iron ore prices

India Infoline News Service | Mumbai | April 20, 2015 16:08 IST

This is the first time in the many years that NMDC has slashed the prices of iron ore in the middle of the month. Until recently, the prices were changed or looked at at the beginning of the month.

Coal India tumbles 2% after block deal

India Infoline News Service | Mumbai | April 20, 2015 16:00 IST

Around 11.2 lakh shares were traded in a multiple block at Rs. 373.2-373.35 on the BSE.

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