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Bhushan Steel plans to acquire OSISL; up 8%

India Infoline News Service | Mumbai | March 31, 2015 09:40 IST

Bhushan Steel is planning to acquire a controlling 59% stake in OSISL from its promoters, a Mohanty family and Monnet Group, said multiple sources directly involved, report stated.

NMDC starts Project Bailadila Iron Ore Deposit 11B; closes 3% up

India Infoline News Service | Mumbai | March 30, 2015 18:48 IST

NMDC takes pride in announcing that it has completed this project having iron ore production capacityof 7 million Tonnes Per Annum (MTPA) with an investment decision of over Rs.600 crores.

Sesa Sterlite receives Shareholders' approval for name change to Vedanta

India Infoline News Service | Mumbai | March 30, 2015 17:19 IST

"The name change will enable us to position ourselves strategically, create much greater value and align our businesses to a unified messaging. We want to strengthen the linkage between the global business and global stakeholders, which reflects the companys commitment to creating value through a growing portfolio of global operations, said Tom Albanese, Group CEO, Vedanta

Adhunik Metaliks closes 1% up higher on nod for debt restructuring plan

India Infoline News Service | Mumbai | March 30, 2015 16:37 IST

The company now seeks shareholders nod for conversion of entire debt into fully-paid equity shares, as per the CDR package, and increase in limit of loan guarantee up to Rs. 5,500 crore.

Pennar Ind closes 7% higher on IPO plans for unit

India Infoline News Service | Mumbai | March 30, 2015 16:33 IST

The proposed initial public offer of Pennar Engineered Buildings Systems consists of fresh issue of shares and offer for sale by selling shareholders.

MMDR Bill brings in relief for metal companies

India Infoline News Service | Mumbai | March 30, 2015 12:46 IST

The Parliament has passed Mines and Minerals (Development and Regulation) Amendment Bill, 2015 and the bill is yet to be signed by the President to be brought into law.

Adhunik Metaliks surges on nod for debt restructuring plan

India Infoline News Service | Mumbai | March 30, 2015 10:52 IST

As per the plan, the company now seeks shareholders nod for conversion of entire debt into fully-paid equity shares as per the CDR package.

IPO effect! Pennar Inds surges 6%

India Infoline News Service | Mumbai | March 30, 2015 10:45 IST

The company's arm has filed for an IPO.

SAIL expansion! Modi may announce plan for Rourkela plant on April 1

India Infoline News Service | Mumbai | March 30, 2015 10:38 IST

During his visit to Odisha, Narendra Modi is expected to introduce SAIL's Vision-2025, which plans to enhance Rourkela steel plant's capacity further to 10.8 mtpa

Divestment programme for FY16 to commence soon?

India Infoline News Service | Mumbai | March 30, 2015 10:18 IST

For the next fiscal, Arun Jaitley has estimated to raise Rs. 69,500 crore from disinvestment and strategic sale in state-owned companies

CS Verma, Chairman SAIL re-elected Chairman of SCOPE

India Infoline News Service | Mumbai | March 27, 2015 18:28 IST

SCOPE elected a new Executive Board which will assume office w.e.f. 1st April 2015.

Metals & Mining Newsletter - March 23 to 27, 2015

India Infoline News Service | Mumbai | March 27, 2015 17:04 IST

Former Prime Minister Manmohan Singh, who has been recently accused in the coal gate case, has appealed in the Supreme Court to look into the case, challenging the decision of the lower court.

Coal India plans for Rs.10,000 crores in FY16: Reports

India Infoline News Service | Mumbai | March 27, 2015 17:02 IST

These funds will be utilized to meet its production target of 1 billion tonnes.

Carmichael mine continues to be a 'no' in central Queensland

India Infoline News Service | Mumbai | March 27, 2015 16:43 IST

Wangan and Jagalingou people continue to reject the Carmichael project to be build on their land.

JSPL closes 4.5% higher on Delhi HC's observations

India Infoline News Service | Mumbai | March 27, 2015 16:01 IST

JSPL jumped after the Delhi HC ruled in favour of the company, stating that the government's decision to cancel the bid of JSPL for two Chhattisgarh coal mines is "prima facie wrong".

Adhunik Metaliks ends the day with 1.4% dip

India Infoline News Service | Mumbai | March 27, 2015 15:55 IST

The company's board will also consider a proposal for conversion of entire debt into fully paid equity shares as per extended guidelines of sanctioned CDR package.

Adhunik Metaliks up ahead of board meet

India Infoline News Service | Mumbai | March 27, 2015 12:13 IST

The stock surged nearly 6 per cent in early deals on the BSE.

Govt has done well to boost investor confidence: Anil Swarup

India Infoline News Service | Mumbai | March 27, 2015 11:40 IST

Swarup said that they are targeting auction of all the 204 blocks that were earlier cancelled by Supreme Court by March 31, 2016.

Jindal Steel up on favourable HC ruling

India Infoline News Service | Mumbai | March 27, 2015 09:25 IST

The stock surged over 6.5 per cent in opening deals.

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