Aluminium prices are going to remain between the $2100 and $2300 range largely because of uncertainty of the Chinese economy, said Satish Pai, MD of Hindalco Industries
The hike in coal prices, if approved by the CIL Board, could result in an increase in power tariffs by up to 3.5 percent, experts said.
Crude oil price has multiple upside risk factors and a single downside risk of a severe demand-destroying recession. Coal is a sweet spot currently with higher demand from the European region
The triple whammy consists of demand weakness in beverage-can business, slowing housing/construction growth in the US, and coal price rise
AEL’s biggest revenue vertical doubled its revenue on higher coal prices, according to a Jefferies report
Year-on-year decline likely to be deepest in the past 10 years.
The Cabinet Committee on Economic Affairs (CCEA) may take a call on coal price pass-through mechanism on Friday."The CCEA may take a call on coal price pass-through mechanism on Friday," a top coal ministry official said.
Speaking to CNBC-TV18 on the impact of the mining tax that the Australian government has decided to impose effective July 1, Arun Kumar Jagatramka of Gujarat NRE Coke says that while the company is not likely to be impacted int he near-term, coking coal prices may shoot up.
Speaking to CNBC-TV18, Arun Kumar Jagatramka of Gujarat NRE Coke says that the contours of the mining tax are such that it will not impact new companies with large capex such as theirs.
International coal prices are likely to move up further as the world's largest producer CIL needs to go on global shopping for the dry fuel to meet the increased demand of the power sector, an analyst said.
Prabal Banerjee, chief financial officer of Adani Power speaks to CNBC-TV18 about the bad numbers in Q3 and the way ahead for the company.
CRISIL Research has come out with its report on coal price.
JSW Energy reported a loss of Rs109 crore in the July-Sept quarter compared to a net profit of Rs 84 crore which the company has posted in the year-ago period, but the company hopes to return to profits in the current quarter as it expects coal prices to fall and tariffs to rise.
Ultratech Cement, an Aditya Birla group company will incur a capital outlay of Rs 11,000 crore over the next three years for expansion of its major projects in Chattisgarh and Karnataka among other states.