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Essar Power approaches ICICI, lenders to recast Rs 6564 cr debt


of Rs. 3,200 crores.“The company submitted a comprehensive financing plan to the lenders, which included financing for development of Tokisud coal block. However, there has been considerable delay

SAIL's debt at Rs 35,144 cr on dearer coal, low realisation

05-12-2016| Source:PTI

The country's largest steelmaker SAIL's borrowings rose to Rs 35,144 crore as on October 2016 hit by declining net sales realisation (NSR) and high coking coal prices, Parliament was informed today

Adani secures milestone in planned $16 bn Australian coal proj

05-12-2016| Source:Reuters

Adani Enterprises Ltd reached a milestone on Monday in its bid to build a controversial USD 16 billion coal project in northern Australia, winning approval for part of a rail link to service

Sensex, Nifty rangebound; M&M & Bharti up 2%, Coal India down


Lupin, HUL, Asian Paints, M&M and Bharti Airtel are gainers while HDFC twins, TCS, Wipro and Coal India.

Stocks in news: Cadila, KEC, Crompton, Siemens, NMDC, Endurance  

05-12-2016| Source:CNBC-TV18

Y)Mines Minister says-Asked NALCO to reconsider iran smelter plan-NALCO should look at setting up smelter ideally in Odisha-Have not seen any proposal on a potential breakup of Coal India-Coal India's strength comes

Adani Australia mine project gets approval for rail line, camp

05-12-2016| Source:PTI

Indian mining giant Adani's plan to build one of the world's largest coal mines in Australia got a major boost as it secured the final approval for a permanent rail line and a temporary construction

Par Panel asks coal PSUs to recover dues worth Rs 13,745 cr

02-12-2016| Source:PTI

A Parliamentary panel has raised concerns over Rs 13,745 crore in dues to coal PSUs - CIL, SCCL and NLC - and asked them to recover the amount, which can adversely impact their financial position.

Coal minister says no value in splitting Coal India

02-12-2016| Source:Reuters

Reuters reported on Wednesday that according to a presentation by senior government officials, a proposal has been mooted to break up of the country's Coal India monopoly into seven different

Expect challenging times ahead for India steel players: ICRA

02-12-2016| Source:PTI

The sharp rise in international coking coal prices besides an almost stagnant steel demand pose challenging times ahead for the domestic steel players, ratings agency ICRA said today.Domestic steel

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