Utkal

Investors need to focus on Novelis business, given that it remains the largest contributor to profitability

Hindalco Q3: Higher pricing of aluminium, copper helped; Novelis took a breather

In FY23, Hindalco is likely to focus on growth capex on the back of an increased free cash flow

Delhi HC disallows power cos' plea for greater compensation

In a setback for JSPL and GVK in the Utkal compensation case, the Delhi High Court disallows plea by power companies challenging compensation for mining. The companies have challenged the provisions of the ordinance with respect to compensation awarded for the mining infra that was already in place.

Nalco to see limited impact on Odisha coal block: Goldman

According to Goldman's estimates there is a limited potential valuation upside with a further capex of Rs 450 crore. It belives that smelter utilisation is unlikely to be impacted as the supply from these blocks will replace existing linkage supply while expect transportation costs are likely to be lower.

PTC India Fin up 11.3%; divests stake in Ind-Barath Energy

Ind-Barath is setting up a 700 MW coal based thermal power project in Orissa and PFS has invested a sum of Rs 105 crore in the same.

Nalco jumps 10%, Credit Suisse initiates coverage with buy

Credit Suisse says Nalco's refinery expansion may enable it to sell 80 percent of output by FY18 and help put cash to more productive use. Additionally, unlike other PSUs, Nalco has given precedence to profitability over production in the past, and would not shy away from rationalising aluminium (Al) production.

Govt needs to be pragmatic on coal block sale: JSPL's Uppal

In a reprieve to JSPL, the Delhi High Court on Wednesday overruled the government‘s decision to reserve the Gare Palma IV/6 and Utkal B blocks for the power sector.

Reduce JSPL, target Rs 160: Murtuza Arsiwalla

Murtuza Arsiwalla, Senior Analyst at Kotak Institutional Equities has reduced rating on Jindal Steel & Power with a target price of Rs 160.

Steel capacity to touch 8 mt by FY14-end: JSPL

For Jindal Power (JPL), Ravi Uppal expects the total capacity to go about 2,800 MW, after the commissioning of three units of 600 Mega Watts.

Jan plant load factor 100%, likely to improve further: JSPL

"In the power business the net realisation in power went down by more than Rs 200 crore. The first factor was plant load factor (PLF)," said Uppal in an interview to CNBC-TV18.