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Coal India to lower prices of some grades

India Infoline News Service | Mumbai | August 29, 2015 09:56 IST

The price revision would be done keeping in mind Indian realities and would not be aligned to global prices, Goyal says.

Troubles in China to result in aggressive dumping of steel into India, warns ASSOCHAM

India Infoline News Service | Mumbai | August 29, 2015 08:12 IST

China has got 400 million tons of surplus capacity against a demand of 741 million tons which is more than 50% of its requirement. Excessive capacity of China is four times the total capacity of India and in 2014, steel exports from China were 93 million tons in total, increasing by 50.5% year-on-year, the ASSOCHAM paper said.

Tata Steel gains 5%; to mothball Wales strip products plant

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

The company plans to mothball one of its plants in Wales, UK, to focus on manufacturing higher-value products. This move could lead to 250 job cuts, the report added.

Vedanta trades 6% up

India Infoline News Service | Mumbai | August 27, 2015 12:29 IST

Shares of Vedanta Ltd were trading higher 6% at Rs.91 on BSE today. The company targets 5.5 million tonnes production for FY16.

Tata Steel trades at day's high

India Infoline News Service | Mumbai | August 27, 2015 10:34 IST

The stock is up over 3 percent on plans to suspend operations at one of its UK plant.

Tata Steel plans to slash 250 jobs

India Infoline News Service | Mumbai | August 27, 2015 09:58 IST

The jobs are expected to go mainly at Llanwern in Newport.

Tata Steel to mothball Wales strip products plant

India Infoline News Service | Mumbai | August 27, 2015 08:23 IST

But surging, and often unfairly traded, imports have combined with a strong pound to create a very challenging business environment, Wilkie says.

SAIL tumbles 4%; to increase steel production

India Infoline News Service | Mumbai | August 26, 2015 16:07 IST

The company is considering an increase in steel product prices by Rs. 500 per tonne early next month.The stock hit a high of Rs. 50.75 and low of Rs. 48.90 on BSE today.

Monnet Ispat agrees to sell stake in Orissa Sponge Iron

India Infoline News Service | Mumbai | August 26, 2015 14:38 IST

The Company has signed an MOU with JSW Energy Limited for stake sale of Monnet Power Company Limited, the intimation of which has been sent to Exchange on July 09, 2015.

Welspun Corp forms JV with Malaysia's Wasco Energy

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

Welspun Corp will hold 51% shareholding in the joint venture while Wasco will hold the balance 49%.

Gujarat NRE plans to sell wind mill business

India Infoline News Service | Mumbai | August 26, 2015 06:04 IST

Gujarat NRE Coke Ltd has announced that the Board of Directors of the Company at its meeting held on August 25, 2015.

JSPL clarifies reports on stake sale

India Infoline News Service | Mumbai | August 25, 2015 17:52 IST

The Exchange had sought clarification from Jindal Steel & Power Ltd with respect to news appearing on MINT on August 19, 2015 titled "JSPL likely to sell controlling stake in overseas mines".

India to auction 20 major iron ore mines: Reports

India Infoline News Service | Mumbai | August 25, 2015 17:30 IST

"Most of the states are in the midst of carrying out their pre-auction activities and hopefully by the end of October and November onwards they will start (auctions)," Mines Secretary Balvinder Kumar reportedly said.

Bhushan Steel gains 1.4%

India Infoline News Service | Mumbai | August 25, 2015 16:14 IST

The company in a notification to the stock exchanges confirmed that it is in talks with Monnet Ispat & Energy to acquire the company's stake in Orissa Sponge Iron and Steel.

Coal India climbs 2.8% on high volume

India Infoline News Service | Mumbai | August 25, 2015 11:34 IST

The stock hit a high of Rs. 350.35 and a low of Rs. 338.25 on BSE today. Total traded quantity on the counter stood at over 7.16 lk shares on BSE.

PMO to hold meeting over Posco's Odisha project

India Infoline News Service | Mumbai | August 25, 2015 07:39 IST

The meeting will be attended by the Cabinet Secretary, Secretaries of Steel & Mines, the Odisha government officials, and Posco officials

Bhushan Steel in talks with Monnet Ispat

India Infoline News Service | Mumbai | August 25, 2015 07:14 IST

Bhushan Steel Ltd has Clarified that our discussion with Monnet Ispat regarding purchase of their stake in Orissa Sponge Iron & Steel Ltd. (OSISL) is at very preliminary stage

Vedanta raises Rs. 2,000 crore from SBI through NCDs

India Infoline News Service | Mumbai | August 24, 2015 18:53 IST

The Company have allotted 20,000, 9.45% Secured, Rated, Non-Cumulative, Redeemable, Non-Convertible Debentures (NCDs) of Rs. 10,00,000 each (Rupees Ten Lakhs only) aggregating to Rs. 20,00,00,00,000/- to State Bank of India (SBI) on August 17, 2015.

PMO likely to support Poscos $10.5 bn steel plant in Odisha

India Infoline News Service | Mumbai | August 24, 2015 16:57 IST

The company temporarily suspended plans to set up an integrated steel plant producing 12 million tonnes per annum (mtpa) steel in Jagatsinghpur district in Odisha.

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Stability in US and Europe to aid export growth

India Infoline Research Team / 10:47, Aug 24, 2015

In spite of massive improvement in CV demand, standalone revenues for Banco Products Ltd registered muted performance with sales at Rs. 113cr in Q1 FY16.