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Metals & Mining Newsletter - October 27 to 31, 2014

India Infoline News Service  | Mumbai October 31, 2014 17:40 IST

India's foreign exchange reserves rose by $945.6 million to $313.682 billion in the week ended October 17, the Reserve Bank of India (RBI) said.

Moody's assigns (P)Ba1 rating to JSW Steel's proposed notes

India Infoline News Service  | Mumbai October 31, 2014 15:54 IST

Moody's will remove the provisional stautus of the bond rating upon review of final documentation and upon successful completion of the bond issue.

Japanese delegation meets SAIL's operations team

India Infoline News Service  | Mumbai October 31, 2014 10:20 IST

India has the requisite enablers to soon become the 2nd largest steel producing country

Sesa Sterlite Q2 PAT at Rs16192.90 mn

India Infoline News Service  | Mumbai October 29, 2014 15:11 IST

Sesa Sterlite Q2 EBITDA at 33%

Indian Metals Q2 FY15 turnover increases 8% y-o-y

India Infoline News Service  | Mumbai October 29, 2014 14:58 IST

Revenue stood at Rs 348 crores vs Rs 323 crores

Sudhir Maheshwari to leave ArcelorMittal

India Infoline News Service  | Mumbai October 29, 2014 12:34 IST

Aditya Mittal, CFO and CEO of ArcelorMittal Europe, added: "I would like to thank Sudhir for his loyalty, commitment and performance over the years.

Adani hires consultant for $6.2 bn Australia coal project; stock up 1%

India Infoline News Service  | Mumbai October 29, 2014 11:38 IST

At 11.40AM, the stock was up 1% at Rs467. The stock has hit a high of Rs 471 and a low of Rs 461.

Investments in Modernization and Expansion of SAIL should be reflected in production and profits: Tomar says

India Infoline News Service  | Mumbai October 29, 2014 08:36 IST

Ministry will facilitate expediting of clearances from other centre and state government agencies.

SC judgment heightens raw material security for power, steel cos

India Infoline News Service  | Mumbai October 28, 2014 16:53 IST

The apex court remarked that diversion of coal from captive coal blocks allotted to UMPPs is prohibited and is not available to only specified end-user projects.

CCI issues order against Coal India and its subsidiaries for abusing dominant position

India Infoline News Service  | Mumbai October 28, 2014 10:05 IST

The case was instituted by M/s Sai Wardha Power Company against CIL and its subsidiary M/s Western Coalfields in respect of cost plus mines.

Protect workers interest: UK union says to Tata Steel

India Infoline News Service  | Mumbai October 27, 2014 10:49 IST

Tata Steel has invested ?1.2 billion in its UK operations since acquiring Corus in 2007.

ICVL to invest funds in Mozambique

India Infoline News Service  | Mumbai October 27, 2014 10:41 IST

The immediate goal of ICVL is to increase the production to 12 million tonnes per annum

JSW Steel Q2 PAT at Rs7487.60 mn

India Infoline News Service  | Mumbai October 21, 2014 14:47 IST

JSW Steel Q2 sales at Rs13,000 crores

Jindal Steel near days high

India Infoline News Service  | Mumbai October 21, 2014 14:47 IST

The stock has now zoomed nearly 7 per cent ahead of earnings.

Govt to bring in ordinance for e-auction of blocks

India Infoline News Service  | Mumbai October 21, 2014 09:57 IST

The government will offer a pool of coal mines to private players via e-auction process and promulgate an ordinance to take back cancelled coal blocks.

BGR Energy jumps after winning new contracts

India Infoline News Service  | Mumbai October 21, 2014 09:36 IST

The company has secured three substation orders from Tamil Nadu Transmission Corporation.

Metal stocks jump on renewed buying interest

India Infoline News Service  | Mumbai October 21, 2014 09:28 IST

Govt move to e-auction coal blocks has triggered fresh buying interest in the metal space.

Hindustan Zinc jumps on solid Q2 earnings

India Infoline News Service  | Mumbai October 20, 2014 14:57 IST

The company has posted Rs 2,183 crore net profit for quarter ended September 2014.

Hindustan Zinc gains 4% post quarterly results

India Infoline News Service  | Mumbai October 20, 2014 14:53 IST

At 2:51PM, the stock is trading up 3.77% at Rs. 165 as against the previous close of Rs. 159 on BSE.

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