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JSPL crude steel production at 1.1 mn tonnes in Q1; up 38% YoY

India Infoline News Service | Mumbai | July 03, 2015 16:59 IST

The company has committed investments exceeding US$ 30 billion in the future and has several business initiatives running simultaneously across continents.

Minings and Metals Newsletter - June 29 to July 03, 2015

India Infoline News Service | Mumbai | July 03, 2015 10:28 IST

JSW Steel is seeking shareholders approval to raise up to Rs. 4,000 crore through qualified institutional placement, according to reports.

Tata Steel in talks to lower costs on $1.5 bn loans

India Infoline News Service | Mumbai | July 03, 2015 10:25 IST

A report says that the company is seeking to shave as much as 90 basis points on the borrowing.

Finance Ministry plans to bail out stalled steel projects

India Infoline News Service | Mumbai | July 03, 2015 06:38 IST

The meeting was part of the finance ministry's initiative for those stalled projects due to paucity of funds.

Clariant completes the acquisition of Companhia Brasileira de Bentonita

India Infoline News Service | Mumbai | July 02, 2015 11:43 IST

Bentonite is a clay mineral used in the binding of iron ore for export.

JSW group to boost its Ports business through a mega expansion plan

India Infoline News Service | Mumbai | July 02, 2015 09:08 IST

The expansion plan would be a blend of brownfield expansions, equations, enhanced connectivity for third party cargo and scaling up port wherewithal to accommodate large ships.

Rashtriya Ispat Nigam plans expansion, to invest Rs. 35,000 crore

India Infoline News Service | Mumbai | July 01, 2015 18:57 IST

The capex for the current fiscal is Rs. 1402cr. Each million tonne would cost about Rs. 4,000 cr. 9MT is to be taken in two phases costing about Rs.35,000 cr so PSU is confident of achieiving that target.

Coal India hits record high

India Infoline News Service | Mumbai | July 01, 2015 17:02 IST

Coal India's consolidated net profit fell 4.4% to Rs 4238.55 crore on 3.9% growth in net sales to Rs 20774.22 crore in Q4 March 2015 over Q4 March 2014.

Sustainable sand mining policy expected on July 6

India Infoline News Service | Mumbai | July 01, 2015 08:08 IST

The new policy will introduce a system of barcodes and new rules are expected to be ready by 6 July.

Coal scam: CBI documents to be scrutinised on July 13

India Infoline News Service | Mumbai | July 01, 2015 06:50 IST

The court had instructed the CBI and accused parties to complete the exchange of papers by 4 June so that the arguments could begin.

Tata Steel inaugurates the Western Corridor

India Infoline News Service | Mumbai | June 30, 2015 15:51 IST

The Western Corridor has been constructed to provide a safe, smooth and uninterrupted connectivity to the Jamshedpur city with the existing network of primary highways (NH & SH).

Coal India surges on brokerage outlook

India Infoline News Service | Mumbai | June 30, 2015 12:56 IST

The stock is now up over 2 percent on the BSE.

Why has Adani suspended work at Australia's Carmichael mine?

India Infoline News Service | Mumbai | June 30, 2015 06:52 IST

The company stated for the past 6-12 months, Adani has maintained a level of investments, jobs and sub-contractor engagement for its mine, rail and port projects in Australia in anticipation of finalising approvals and decisions.

Raising Rs.4000cr: JSW seeks shareholders approval

India Infoline News Service | Mumbai | June 30, 2015 06:27 IST

A report says that the proceeds of the issue will be used for capital expenditure and refinancing high-cost debt.

CNX Metal index drops to fresh 52-week low

India Infoline News Service | Mumbai | June 29, 2015 11:23 IST

Jindal Saw, Hindalco and Tata Sponge are down around 5 percent each.

Sajjan Jindal says further steel import duty hike unlikely

India Infoline News Service | Mumbai | June 26, 2015 15:32 IST

Jindal reportedly said that the surging steel imports into India would not reduce unless the government takes more measures.

CMPFO takes a call on Rs. 60,000 crore coal PF fund

India Infoline News Service | Mumbai | June 26, 2015 15:19 IST

Reliance Capital Asset Management Company (RCAM) and ICICI Securities Primary Dealership have emerged as winners, as they were the lowest bidders in the four qualified members.

Metals and Mining Newsletter - June 22 to 26, 2015

India Infoline News Service | Mumbai | June 26, 2015 11:58 IST

Adani Mining has asked four engineering contractors working on the Carmichael project to halt work around the mine, according to media reports.

World steel output declines 2.1% in May

India Infoline News Service | Mumbai | June 26, 2015 08:37 IST

The decline mainly came from drop in steel output across Europe, the US, China and Japan. However, domestic steel production went up to 7.68 in May 2015 over 7.38 mt in May 2014.

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Recent Reports

Weak start to the July series; Sensex, Nifty to open lower

India Infoline Research Team / 08:44, Jun 26, 2015

IIFL is hosting 10 companies at a Management Roadshow in Mumbai today. The opening is a subdued start. US market saw minor losses with Dow, S&P 500 and Nasdaq closing marginally lower.

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