Oct 16, 2014 05:26 PM IST
A bench headed by Chief Justice H L Dattu said, the apex court had granted six months' time to wind up their operations and the companies cannot be restrained from excavating coal during this period.
- Oct 08, 2014 11:39 AM IST
Sesa is India's top private iron ore mining company with most of its operations in Goa, the biggest iron ore exporting state where no mining has taken place since September 2012 due to action against illegal mining.
- Sep 17, 2014 12:55 PM IST
Brokerage house Morgan Stanley recently met up with metal companies, consultants and government bodies to check out the demand environment, ground level changes, and evolution of the regulatory scenario post elections.
- Sep 16, 2014 06:30 PM IST
Only substantial improvements at the operational level would cause a meaningful improvement in their credit profile, given the high leverage levels and negligible cash generation ability of corporates in these sectors.
- Sep 16, 2014 08:47 AM IST
The country may ship in up to 45 million tonnes over the next three years as home-grown iron ore output falls short of domestic steel production needs, an executive at an influential industry group said.
- Sep 12, 2014 08:41 PM IST
The model contract agreement on public-private partnership mode for developing Coal India mines is in the final stage of approval.
- Sep 06, 2014 04:02 PM IST
The Board has also approved creation of charge/mortgage over properties of the company for the purpose of the borrowing, Sesa Sterlite said.
- Sep 04, 2014 06:38 PM IST
Highlighting the challenges faced by companies seeking to invest in setting up steel plants, he said though India used to produce more than China at one point, China's production has now gone up by 10 times that of India's.
- Sep 04, 2014 03:44 PM IST
The repeal of the Minerals Resource Rent Tax (MRRT) or mining tax this week underlines the cost-effectiveness of the Carmichael mine, according to Adani's official statement here.
- Sep 03, 2014 12:00 PM IST
Rajiv Batra is firm on the full-year guidance given by the company, but says it comes with a caveat â€“ the implementation of these emission norms is still being absorbed by the market. Hence, he is on a wait and watch mode.
- Sep 01, 2014 01:00 PM IST
Taimur Baig, Chief Economist of India Global Markets Research at Deutsche Bank believes there is a possibility that in the second quarter, there might be some downside risks â€“ monsoon, power shortage issue, which may hit power production.
- Sep 01, 2014 11:33 AM IST
Amit Kapur, Partner at J Sagar Associates says that coal block de-allocation will have a damaging hit on the Indian economy. However, if the Supreme Court was to de-allocate blocks, it would have done so on August 25 itself.
- Aug 26, 2014 10:12 AM IST
The ruling, however is likely to cast an overhang on shares of metal, mining and power companies, feels Emkay
- Aug 26, 2014 09:37 AM IST
The Supreme Court on Monday declared all captive coal blocks allocated since 1993 as illegal.
- Aug 25, 2014 08:50 AM IST
Coking coal prices have declined by around 16 percent in the first quarter of 2014-15 (Q1FY15) over the previous quarter, and the same contract prices have been rolled over in Q2FY15. This followed a 13 percent decline in coking coal prices over the whole of FY'14.
- Aug 19, 2014 04:22 PM IST
Coal Mines (Nationalisation) Amendment Bill, 2000 was introduced in Rajya Sabha on April 24, 2000 to amend the Coal Mines Nationalisation Act, 1973. This was to allow Indian companies in the private sector to mine coal in the country without the existing restriction of captive mining
- Mar 12, 2014 10:48 AM IST
If a top court sets a limit on the amount of iron ore it can mine in Goa, Sesa may have to cut jobs.
- Mar 10, 2014 10:01 PM IST
A study by the Association for Democratic Reforms reveals electoral trusts and companies with varied interests in mining, real estate, power and the news paper businesses donated over Rs 127 crore to national parties, while the manufacturing sector came in second, spending about Rs 100 crore towards political donations
- Feb 11, 2014 10:30 AM IST
NMDC increased its iron ore prices by Rs 100 per tonne from February 1 and the iron ore fine prices now stand at Rs 2,910 per tonne.
- Feb 09, 2014 08:22 PM IST
Leading private iron ore producer Sesa Sterlite alleged that JSW Steel, the largest steel producer in Karnataka, is manipulating prices of iron ore by misusing its dominance in the local market.
- Feb 06, 2014 03:37 PM IST
The panel has alleged the loss of about Rs 60,000 crore due to illegal mining and violation of mining rules to gain profits by miners in the state.
- Feb 05, 2014 09:13 PM IST
A complaint filed with CCI by Karnataka Iron and Steel Manufacturer's Association (KISMA) accused the state-owned company of abusing its market dominance by limiting production of the iron ore to the level lower than the approved capacity of mines as well as charging higher prices.
- Jan 20, 2014 06:46 PM IST
Besides policy changes, there can be risks from possible adverse court rulings with litigations pending in a host of scam-ridden sectors like coal, telecom and realty. The stock market too would be highly sensitive to the outcome of the general Lok Sabha elections likely in April-May, it said.
- Jan 02, 2014 08:23 PM IST
Power plants are also allowed to sell only 65 percent of their production to state discosm via a competitive bidding. Earlier, power plants used to sell 85 percent of their production to state discoms.
- Jan 02, 2014 11:42 AM IST
The Cabinet may take the Shah Commission report on Mining in Odisha. What it means for the players. CNBC-TV18‘s Nigel D‘Souza gives the details.