Apr 23, 2015 at 14:13 | Source: Moneycontrol.com
It believes that with India profitability set to revive and stable European profits, return on equity (ROE) should bounce back to 9 percent in FY16. However, it is concerned about delays in steel demand recovery. According to delay in production ramp up at Odisha facility may also poise a risk.
Apr 23, 2015 at 10:00 | Source: Moneycontrol.com
The brokerage believes improved production, price hike potential and an attractive dividend yield, adds up to a fairly compelling investment thesis for Coal India's stock.
Apr 20, 2015 at 15:37 | Source: PTI
On Posco's USD 12 billion Odisha project, considered the largest FDI in India, Tomar in his reply said, "The Memorandum of Understanding (MoU) of Posco, for setting up of a mega steel plant at Jagatsinghpur in Odisha has not yet been renewed by the State Government."
Apr 15, 2015 at 14:24 | Source: CNBC-TV18
The company is in close negotiations with Odisha government and also with UP, West Bengal governments for other redevelopment project, said Anoop Kumar Mittal, chairman, NBCC.
Apr 13, 2015 at 14:53 | Source: PTI
In the coming months, the balance 90 MW (3 X 30 MW) would be commissioned in phases, a company release said. The 120 MW coal fired power plant will meet the power requirement of Essar Steel's 12 million tonnes per annum integrated palletisation facility in Odisha.
Apr 12, 2015 at 13:50 | Source: PTI
The painting, pigments on silk, has been done by an Odisha artist, Bhaskar Mahapatra, who has been practicing the art form for the last 30 years along with the rest of his family, and works from his home in the heritage crafts village of Raghurajpur.
Apr 10, 2015 at 17:05 | Source: PTI
On European operations, the rating agency said the performance of Tata Steel UK Holdings (TSUKH) has remained firm with stable volumes of 9.86 million tonnes during M9FY15.
Apr 06, 2015 at 15:39 | Source: Reuters
Formerly the world's No. 3 supplier of iron ore, India has been importing it over the past three years due to court-imposed restrictions aimed at curbing illegal mining in the major producing states of Karnataka and Goa.
Apr 06, 2015 at 07:59 | Source: IBNLive.com
The Supreme Court in 2014 ordered the closure of nearly half of the 56 mines operating in Odisha because they were operating without a renewal of years-old leases.
Apr 01, 2015 at 19:27 | Source: PTI
The deal will help bail out Maithan Ispat, which is under debt burden of Rs 795 crore, and enable Mesco to utilise large iron ore mines of the Odisha-based company. "It is a win-win scenario for Mesco.