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SAIL: Q3 numbers to slip into red territory

India Infoline News Service | Mumbai | February 08, 2016 18:57 IST

IIFL forecasts the companys net revenue for Q3 FY16 to decline to Rs. 9,180 crore, at a rate of 17.3% yoy and 0.8% qoq.

MOILs Q3 numbers expected to dip

India Infoline News Service | Mumbai | February 08, 2016 18:52 IST

IIFL forecasts the companys net profit for Q3 FY16 to fall to Rs. 49 crore, at a rate of 54.6% yoy; however, it is likely to rise marginally.

Hindalco Ind likely to report loss for Q3

India Infoline News Service | Mumbai | February 08, 2016 18:48 IST

IIFL forecasts that the company is likely to report a loss of Rs. 159 crore for Q3 FY16.

GMDC likely to disappoint with poor Q3 numbers

India Infoline News Service | Mumbai | February 08, 2016 17:30 IST

IIFL forecasts the companys net revenue for Q3 FY16 to plummet to Rs. 294 crore, at a rate of 9.8% yoy; however, it is likely to surge 18.5% qoq.

Metal stocks pare early gains despite MIP on steel; end mixed

India Infoline News Service | Mumbai | February 08, 2016 16:40 IST

Reacting positively to the governments move, some metal stocks ended higher up to 10% on BSE. The BSE Metal Index closed 0.85% lower at 6,839.94 points.

Imposition of floor price to help steel sector by controlling Imports

India Infoline News Service | Mumbai | February 08, 2016 16:08 IST

The government has notified minimum floor prices for various steel products. This move is expected to revive investor sentiments.

Metal stocks rally after govt imposes MIP on steel

India Infoline News Service | Mumbai | February 08, 2016 11:15 IST

Reacting positively to the governments move, metal stocks are currently trading higher up to 9% on BSE. The BSE Metal Index is trading 0.80% higher at 6,954.34 points.

Chinese Dragon, Bad loans: Scary scourges of domestic steel industry

India Infoline News Service | Mumbai | February 08, 2016 10:09 IST

India's steel industry, the third-largest producer of crude steel in the world, has been facing a diabolical threat for quite some time now due to under utilisation of its plant capacity. Falling revenues, increasing inventories, high fixed costs and interest costs have only worsened the situation.

Drastic time calls for drastic measures! MIP on steel to help stocks shine

India Infoline News Service | Mumbai | February 08, 2016 09:18 IST

To an industry plagued with multi-dimensional problems like cheap imports from countries like China, muted demand and low price of the alloy, a minimum import price on steel is expected to infuse a much needed respite in a bleeding industry, thereby heralding systemic progress,

India steel import curbs to benefit company: Welspun Corp

India Infoline News Service | Mumbai | February 08, 2016 08:58 IST

MIP recently notified by the Directorate General of Foreign Trade, Government of India on certain iron and steel products which will be valid up to 6 months from the date of notification or until further orders, whichever is earlier, will have beneficial effects on India business.

Coal India to conduct special auction for power producers in Feb

India Infoline News Service | Mumbai | February 08, 2016 06:51 IST

In view of availability of coal at certain places, it has been decided to further offer coal under special forward e-auction for power producers-phase III for the balance period of the this fiscal, CIL says in a notice.

Coal India signs MoU with Indian Oil Corp

India Infoline News Service | Mumbai | February 06, 2016 15:10 IST

The company signed MoU with Indian Oil Corporation Limited for Manufacturing of Bulk Explosives in Kolkata.

Govt imposes minimum import price on steel products

India Infoline News Service | Mumbai | February 06, 2016 12:14 IST

The Director General of Foreign Trade (DGFT), Ministry of Commerce, imposed MIP of US$ 445 - US$ 500 per tonne across a range of hot rolled flat products of steel and US$ 341 - US$ 362 on semi-finished products like slabs, blooms, ingot and billets.

Put coking coal blocks to auction & allocate them through competitive bidding: ASSOCHAM

India Infoline News Service | Mumbai | February 06, 2016 07:50 IST

Coking coal blocks should not be allotted on nomination basis as this would delay coking coal development in India and discourage creation of level playing field in steel sector, said The Associated Chambers of Commerce and Industry of India (ASSOCHAM) in a communication addressed to Mr Piyush Goyal, union minister of state for coal, power, new and renewable energy.

Coal India to acquire 50% in IOC's explosives division

India Infoline News Service | Mumbai | February 06, 2016 07:42 IST

The two public sector companies have signed a Memorandum of Understanding (MoU), whereby 12 explosive making units of IOC will have joint ownership with CIL.

Ratnamani Metals Q3 net profit at Rs. 34.3 crore

India Infoline News Service | Mumbai | February 05, 2016 17:39 IST

The total income was at Rs. 364.1 crore as against Rs. 506.5 crore yoy.

Upsurge! BSE Metal index climbs 225 points

India Infoline News Service | Mumbai | February 05, 2016 16:25 IST

The BSE Metal index opened at 6,673.61 points against its previous close of 6,674 points. It hit a high and a low of 6,942 and 6,627 points respectively.

Right time for government to support the domestic steel sector

India Infoline News Service | Mumbai | February 05, 2016 15:59 IST

The major problem apart from falling global prices is that even though domestic demand remained stable, the import of steel has increased by almost 50% in last one year. This clearly indicates that imported steel from countries like China and Korea is eating into the market share of domestic companies.

Man Infraconstruction Q3 PAT at Rs.14.98 crore

India Infoline News Service | Mumbai | February 05, 2016 14:56 IST

The company reported a 172.8% increase in net profit at Rs.14.98 crore for the third quarter that ended on December 31, 2015.

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