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Bhushan Steel down ~5%; Banks ask steelmaker to sell assets

India Infoline News Service  | Mumbai August 20, 2014 10:49 IST

The banks decided to appoint three independent directors to the board of bhushan steel and order a forensic audit of account books

NMDC plans to expand Bailadila mines

India Infoline News Service  | Mumbai August 19, 2014 16:25 IST

Nmdc has already submitted the proposal to moef for increase in production of iron ore from deposit no. 4

JSW Steel buys Welspun Maxsteel for Rs 1000 cr

India Infoline News Service  | Mumbai August 19, 2014 08:23 IST

The company has a strategic goal to enhance its steel production to 40 mtpa in the next decade.

Reforms in Coal Sector

India Infoline News Service  | Mumbai August 14, 2014 18:13 IST

Government allocate area containing coal for specified end uses through auction by competitive bidding.

The Week That Was

India Infoline News Service  | Mumbai August 14, 2014 18:13 IST

Early in the week, recovery in us markets was attributed to reports that russia had ended military exercises near ukraine.

Govt to divest 10% stake in Coal India: Goyal

India Infoline News Service  | Mumbai August 14, 2014 17:39 IST

The government owns 89.65% of coal india and the stake sale should raise more than $3.6 billion on current equity value.

Hindalco Industries Q1 net profit at Rs3275mn

India Infoline News Service  | Mumbai August 14, 2014 16:02 IST

Total income has increased from rs. 62658.70 mn for the quarter ended june 30, 2013 to rs. 82124.40 mn for the quarter ended june 30, 2014.

Metals & Mining Newsletter August 11 to 14, 2014

India Infoline News Service  | Mumbai August 14, 2014 14:42 IST

India imported steel worth $1,709 million in the first two months of the current fiscal.

Adani Mining gets approval for rail line in Carmichael coal mine

India Infoline News Service  | Mumbai August 14, 2014 13:45 IST

The rail line will be 300 kms long, built at a cost of $2billion and transport 100 million tonnes coal per year

Tata Steel signs 10mn North Sea framework deal

India Infoline News Service  | Mumbai August 13, 2014 15:36 IST

The deal, consisting of four north sea contracts, will see the firm deliver 55km of pipeline weighing more than 9,000 tonnes in the coming months.

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