PK Mukherjee, ED of Sesa Sterlite says floor price for 61-grade was fixed at Rs 5,000/ tonne and the company will continue to participate in e-auctions. He refuses to follow prices quoted by NMDC.
Speaking to CNBC-TV18, PK Mukherjee, managing director, Sesa Goa says that the Goa mine has 8-10 million tonne of inventory and if it were to be exported soon, it could lead to a huge gain for the country.
When CEOs make the most during happy times, should they share the pain when times are tough?
Mining ban hit Sesa Goa is confident to mine 2.29 million tonne of iron ore from its Narrain mine in Karnataka by current financial year end.
“Sesa Goa is awaiting statutory clearances, including forest clearance that expired in October 2012 and will resume mining in Karnataka,†PK Mukherjee, managing director, Sesa Goa told CNBC-TV18 in an exclusive interview.
In an interview with CNBC-TV18, PK Mukherjee, managing director, Sesa Goa said that his company is eagerly waiting for the SC order and is also hopeful of starting operations soon
Managing director of Sesa Goa PK Mukherjee tells CNBC-TV18 that he welcomes the measures proposed to improve governance by the Goa government in their Budget.
Just a few days before the Shah Committee Report on illegalities in Goa is expected, CNBC-TV18's Mehak Kasbekar caught up with PK Mukherjee, managing director, Sesa Goa and began by asking if a blanket ban is an answer to irregularities in Karnataka and Goa mining operations.
PK Mukherjee, managing director of Sesa Goa hopes mining operations to restart in Karnataka by December-end. He also feels that the shortfall in Karnataka would come down by 1.5-2 metric tonne. Sesa Goa projected a shortfall of 4-5 metric tonne in Karnataka post the mining ban. However, Mukherjee expects prices to be robust going forward.
PK Mukherjee, managing director of Sesa Goa said that according to CEC report, Chitradurga sector is a better sector compared to other sectors; however, the company will wait for the final Supreme Court order. "Karnataka's iron ore volume could be impacted by 25%," added Mukherjee.
In an exclusive interview to CNBC-TV18, PK Mukherjee, managing director of Sesa Goa clears the air by saying that there was no ban on the company’s mining operations in Karnataka.
Recent reports suggest that corporate fraud investigation body SFIO has recommended prosecution against Sesa Goa. The mine major has been charged on nine grounds, including over and under invoicing of export and import of over Rs 1,000 crore.
The managing director of Sesa Goa, PK Mukherjee in an interview on CNBC-TV18, spoke about the company’s third quarter results. He also spoke about the outlook of the company going forward.
Petronas sold its 14.98% in Cairn India. Sources have indicated that Sesa Goa has picked up nearly 10.4% of that stake. In an interview with CNBC-TV18, PK Mukherjee, MD of Sesa Goa, spoke about this move and their outlook going forward.
The group of ministers (GoM) on the Cairn India-Vedanta Resources deal will be notified shortly, and the first meeting is expected to take place later this week, reports CNBC-TV18's Nayantara Rai and Aakanksha Sethi.
PK Mukherjee, MD of Sesa Goa, in an interview with Udayan Mukherjee and Mitali Mukherjee, spoke about the latest happenings in his company and gave his outlook for the company going forward.
PK Mukherjee, MD, Sesa Goa, in an interview with CNBC-TV18’s Udayan Mukherjee and Mitali Mukherjee, gave his views on the recent happenings in this company and the road ahead.
PK Mukherjee, Managing Director of Sesa Goa, in an exclusive interview with CNBC-TV18, says that the company is confident of maintaining volume sales similar to FY10 in FY11 as well. Sesa Goa expects the Q4 iron ore sales volume to be 7 mn tonne.