In a filing to the BSE, NMDC said it fixed the price of lumps or high-grade iron ore at Rs 5,100 per tonne, and that of iron ore fines or inferior grade ore at Rs 4,210 a tonne.
The committee found that at the present rate of per KWH power in the country, domestic steel producers are at a disadvantage of Rs 800-900 per tonne as compared to steel producers in China, Japan and Korea.
CNBC-TV18 learns that the ministry may seek revision of basic customs duty between 10-25 percent, where the tax levied on long products would be 10 percent and on flat and stainless steel products would be 15 percent.
Heidelberg will pass on the price rise — coming from district mineral fund (DMF) and value-added tax (VAT) — to customers, Jamshed Naval Cooper, CEO and MD of Heidelberg Cement India
In an interview with CNBC-TV18 Latha Venkatesh and Sonia Shenoy, CMD Narendra Kothari said that may have to contribute about Rs 1000 crore to the DMF in this fiscal.
In an interview with CNBC-TV18, Menaka Doshi, Anuj Singhal and Nigel D‘Souza, Sarda Energy director GD Mundra and Deloitte senior director discussed the impact of the passage of the MMDR Bill in Rajya Sabha.