-
India, the world's second-largest producer of crude steel, meets 85% of its coking coal requirements through imports, with Australia supplying more than half of those shipments.
-
Coal secretary Vikram Dev Dutt has said the government is hopeful of the listings in the new fiscal and the work is on schedule
-
Both JSW Steel and SAIL would import Mongolian coking coal either via Russia or China, said the sources
-
The company through its subsidiary JSW Natural Resources Limited will acquire a 92.19% stake and shareholder loans of the target company for $73.75 million. The steelmaker in a May 17 presentation said the deal would give it access to more than 800 million tonnes of premium hard coking coal reserves in Mozambique.
-
Mills in India, the world's second-biggest producer of crude steel, grappled with volatile Australian supplies of coking coal last year, and the government sent delegations to Mongolia in an effort to diversify sources of the fuel
-
Target Minas de Revuboe has raised objections related to a mining concession, and the deal now hinges on the decision by the International Centre for Settlement.
-
India, the world's second-biggest crude steel producer, imports about 85% of its annual coking coal consumption of around 70 million metric tons
-
The acquisition worth $73.8 million will help JSW Steel to gain access to more than 800 metric tonnes of premium hard coking coal reserves in Mozambique
-
JSW Steel is the best placed among peers, in terms of volume growth
-
KFIL has the highest market share of pig iron, and with all the backward integration projects, it will be in a much better position, compared to peers
-
Higher capacity addition from large players in the near term might keep steel prices in check while coking coal prices at elevated levels will exert pressure on margins
-
The prices of coking coal in Australia, which forms more than half of India’s imports, have soared this year, forcing companies to look out for other avenues.
-
Net debt unlikely to come down, given the capex requirement in India and Europe in the near term
-
The Sajjan Jindal-led steel giant had earlier said that it was considering buying a 20-40 percent stake in the Teck Resources unit.
-
The company expects that the impact of higher fuel costs may be offset partially by the recent increase in product prices.
-
Capex on track. More than 7 million tonnes will be added by the end of FY24
-
Given the country’s growing shift to renewable energy, the coal ministry has decided to foray into thermal power plants, and not just mine coal.
-
Incremental capacity of more than 6 million tonnes to go on stream in the next one year
-
Rs 6,000 crore in VGF will be provided for coal gasification to two projects of PSUs, four projects from the private sector and five projects on pilot basis, Amrit Lal Meena, coal secretary told Moneycontrol.
-
The chairman of the Coal India subsidiary said the world's largest coal miner, Coal India Ltd, would be able to produce one billion tonnes by FY26.
-
In March alone, the non-coking coal import stood at 13.88 MT against 12.61 MT in the same month last year. Coking coal imports were 3.96 MT against 4.76 MT imported in March 2022.
-
In the last one year, JSPL's stock has given a return of around 5 percent, while it has risen a whopping 546 percent in the past three years.
-
Recovery in steel prices and reduction in debt levels are critical to outperformance
-
Exports of steel remains unprofitable given that import prices are lower than domestic prices.
-
Investors should watch for recovery in volumes, steel prices
