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Govt sets minimum import price on steel products to curb dumping

The minimum import price on ingots and billets has been fixed at USD 362 per tonne, for flat rolled and hot rolled steel at USD 445-500 per tonne and semi-finished steel at USD 341-362 per tonne.

Govt hikes import duty on steel products to stop China dump

Yielding to steel ministry requests, the government on Wednesday hiked import duty on long steel products from 5.5 percent to 7.5 percent and that of flat steel product from 7.5 percent to 10 percent. The import duty on stainless steel products remained unchanged.

HC relief for Sesa, Sarda; coal auction as per schedule

Sesa Sterlite had bid for nine coal blocks and due to technical glitch it could not qualify in the technical rounds. Financial bids will be opened for two coal blocks on saturday - Talabira-I for the power sector and Sial Goghri which is for the non regulated sector.

Sarda Energy delivers strong Q3 FY14

Though Sarda Energy‘s realisations have been 2-3 percent slower than earlier quarter for Q3 FY14, operational performance for Q3 has been extremely well and efficiency from all the fronts has reflected in the company‘s overall performance. GD Mundra, Director, Sarda Energy & Minerals spoke about the results & his outlook for the company.

Changes in MMDR Act to bring transparency in sector: Sarda

The Union Cabinet has approved changes to the Mines and Minerals Act. The proposed changes were to make auction the preferred mode to sell important minerals.

Cabinet approves ordinance on Coal, Insurance Bill

Earlier, an ordinance on coal was introduced on October 20 after the Supreme Court scrapped over 200 coal block allocations. It was valid till the January 4 as the life-span of an ordinance is only six weeks since the inception of a Parliament session.

Sarda bets on iron ore mine if it can't win back coal block

Director GD Mundra says the company would make all efforts to win back coal block de-allocated by the Supreme Court but if it fails to, it has sufficient fall-back in the form of a restarted iron-ore operation.