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Coal India to take up 129 new coal mining projects

India Infoline News Service | Mumbai | August 03, 2015 17:01 IST

A contribution of 87 million tonnes is envisaged from new projects in 2016-17 and 182 million tonne in the year 2019-20.

Coal India slips by 2.9%; misses the sales target

India Infoline News Service | Mumbai | August 03, 2015 16:48 IST

The company missed its production target for the month of July by 3 percent at 34.83 MT, and missed the sales target by 7 percent at 40.88 MT.

Coal India trades on a slippery note

India Infoline News Service | Mumbai | August 03, 2015 13:48 IST

The stock is down nearly 2% on missing its monthly production and sales target.

Govt may import 210 MT of coal in FY16: Report

India Infoline News Service | Mumbai | August 03, 2015 08:53 IST

The Government has set an ambitious target of raising Coal India output to one billion tonnes by FY20.

Minings and Metals Newsletter- 27th - 31st July, 2015

India Infoline News Service | Mumbai | July 31, 2015 17:59 IST

Mining may resume in Goa in October after a gap of nearly three years, Chief Minister Laxmikant Parsekar reportedly told the legislative assembly.

World Bank decides to pull away from funding coal-related projects in India

India Infoline News Service | Mumbai | July 31, 2015 16:16 IST

While coal provides for 70 per cent of Indias power requirements and is still the most cost-effective energy option for India, the international lender has a view that global poverty cannot be cured by coal.

JSW Steel eyes to reduce refinance by 1% every year

India Infoline News Service | Mumbai | July 30, 2015 12:20 IST

The company expects that more benefits to come in this quarter with USD 5-6 per tonne reduction in coal prices.

Adani Ent up 1.4% on fund raising buzz

India Infoline News Service | Mumbai | July 29, 2015 16:22 IST

The company plans to raise up to Rs. 6,000 crore through issuance of securities to sustain rapid business growth.The stock hit a high of Rs. 81.90 and low of Rs. 80.15 on BSE today.

Fall in steel prices hurt JSW Steel, posts Q1 cons net loss of Rs.107 crore

India Infoline News Service | Mumbai | July 29, 2015 15:20 IST

Total Income has decreased from Rs. 133077.40 mn for the quarter ended June 30, 2014 to Rs. 116019.90 mn for the quarter ended June 30, 2015.

Revenues fall marginally, Vedanta Q1 net profit decreases 35.44% to Rs. 866 crore

India Infoline News Service | Mumbai | July 29, 2015 15:08 IST

Total Income is Rs. 181648.50 mn for the quarter ended June 30, 2015 where as the same was at Rs. 184884.70 mn for the quarter ended June 30, 2014.

Mining in Goa may resume in October: Laxmikant Parsekar

India Infoline News Service | Mumbai | July 29, 2015 14:43 IST

"The state government lifted the temporary ban on iron and manganese ore mining in the state on January 15, 2015. Since all assistance is given by the state government, mining might resume from October, 2015," Parsekar said in a written reply.

Jindal Saw confident it will maintain performance for next few quarters

India Infoline News Service | Mumbai | July 28, 2015 18:25 IST

Though the company has posted impressive results, they believe that still the real push from the economy, when the building of infrastructure starts, is yet to come.

Indian steel industry faces constraints: Sajjan Jindal

India Infoline News Service | Mumbai | July 28, 2015 15:35 IST

Jindal added that the unprecedented growth in steel imports in hurting the domestic industry. "The outlook for the domestic steel industry remains robust and the prospect of capital investments are bright," says Sajjan Jindal at AGM.

Govt approves export of iron ore under LTA to Japan and South Korea

India Infoline News Service | Mumbai | July 28, 2015 10:24 IST

The foreign exchange expected to be earned is around US $311.05 million per annum at current sale prices against export of iron ore under LTAs.

Lenders approve Electrosteel strategic restructuring

India Infoline News Service | Mumbai | July 28, 2015 09:07 IST

The details as well as the development on the SDR Package and on the investment proposals will be intimated in due course.

Lenders approve Electrosteel strategic restructuring

India Infoline News Service | Mumbai | July 28, 2015 07:19 IST

In the interim, the Bankers/Company would continue to explore the proposals of investment.

Unsold Coal mines attract bids in third round

India Infoline News Service | Mumbai | July 27, 2015 17:12 IST

Out of 10 mines which were put on the block this time,6 were mines which had been offered earlier but did not attract enough bidders.Mines like Parbatpur Central which could not be sold earlier have received bids from Industry majors like JSW Steel and SAIL.

Deccan Gold Mines hits 20% upper circuit

India Infoline News Service | Mumbai | July 27, 2015 16:42 IST

Government of India has been updated to indicate that the Mining Lease application of the Company's subsidiary i.e, Deccan Exploration Services with regard to the Ganajur Gold Project has been approved by Ministry of Mines on 24 July, 2015.

Metal stocks slump

India Infoline News Service | Mumbai | July 27, 2015 11:15 IST

The CNX Metal index has shed 1.7 percent; Tata Steel, Hindalco are the major losers.

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Recent Reports

Revival some time away

India Infoline Research Team / 10:30, Jul 13, 2015

Tourism Finance Corp (TFCIL), a niche financier of tourism related projects and activities, has witnessed a sharp moderation in loan growth from 32% in FY12 to just 1% in FY14

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