Metals and Mining Newsletter – August 21 to August 25, 2017

This week, “NITI Aayog's Three-Year Action Agenda unveiled by Finance Minister Arun Jaitley has suggested spinning off the subsidiaries of Coal India into separate entities so that each can independently develop its own strategy and business model.”

Aug 26, 2017 11:08 IST India Infoline News Service

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NITI Aayog suggests spin-off of Coal India subsidiaries

NITI Aayog's Three-Year Action Agenda unveiled by Finance Minister Arun Jaitley has suggested spinning off the subsidiaries of Coal India into separate entities so that each can independently develop its own strategy and business model. The government think-tank has come out with a detailed plan for reforms in the economy, judiciary, regulatory structure and social sectors in its 'Three Year Action Agenda, 2017-18 to 2019-20. Read More

Prakash Industries reduces its debt of around Rs 110 crore
 
Prakash Industries announced on Tuesday that the company has reduced its debt of around Rs 110 crore on account of the conversion of Foreign Currency Convertible Bonds (FCCB).
The company has issued USD 17.85 million (Rs 114.5 crore) FCCB in September 2015, out of which, USD 17 million (Rs 110 crore) bonds have since been converted. Read More
 
Mineral production during June 2017 up 0.4%
 
The index of mineral production of mining and quarrying sector for the month of June (new Series 2011-12=100) 2017 was at 98.8, 0.4% higher as compared to the level in the month of June 2016, according to the data released by the Ministry of Mines. Read More

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