Steel makers like Tata Steel and Visa Steel have sought removal of import duty and clean energy cess on coking coal and giving thrust to domestic infrastructure forecasting tepid global demand next year.
The company has resumed operations at its DRI plant for production of sponge iron and two sub-merged arc furnaces of ferro alloy plant for production of ferro chrome after getting necessary clearances from in State Pollution Control Board, Odisha.
Gujarat Gas | NBCC | HPL Electric | Shiva Cement | Shree Cement | Alembic Pharma | GPT Infra | Mawana Sugars | Adani Enterprises | Dilip Buildcon | Torrent Power | Ramco Systems | Visa Steel | Reliance Capital | Siyaram Silk Mills and Techno Electric are stocks, which are in the news today.
These three companies are among a list of other companies which have been brought under techno-economic viability study â€” the first step under S4A or sustainable structuring of stressed assets scheme.
Bhushan Steel, which has a debt of about Rs 40,000 crore, seems to be the most likely contender for the S4A or Scheme for Sustainable Structuring of Stressed Assets, learns CNBC-TV18 from sources. Electrosteel and Visa Steel are the other two companies.
Varinder Bansal of CNBC-TV18 analyses a few companies that may get the stick from the RBI on account of poor interest coverage ratios.
The firm will hold a postal ballot soon to seek shareholders' approval for the proposal and the results are expected next month.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today.
VBL is a joint venture (JV) between VSL and Baosteel of China, with VSL holding 65 percent stake and the remaining with Baosteel.
Talking about the consolidation in the cement sector, Rakesh Arora of Macquarie Capital Securities says UltraTech's capacity post merger with units of Jaiprakash would be almost 90 MT, which is one-third of India's total capacity and production. Hence, he does not see this deal getting Competition Commission's go-ahead
As per sources, promoters of companies like Adhunik Metaliks, Adhunik Power and Uttam Galva were called in for questioning on Tuesday, the second day of the 2-day marathon joint lender forum meetings hosted by State Bank of India (SBI) at its headquarters,
Pharma companies such as Pfizer, Abbott, Glenmark and Wockhardt are likely to be in focus with the government banning over 300 drugs
Visa Steel has reported a consolidated total income from operations of Rs 330.70 crore and a net loss of Rs 151.49 crore for the quarter ended Dec '15
CNBC-TV18's Udayan Mukherjee says the trend is on the way down with periodic upmoves.
On December 2, 2015 Visa Infrastructure Limited sold 33,00,000 shares of Visa Steel at Rs 15.10.
In an interview to CNBC-TV18, SK Kalra, Executive Director, Andhra Bank, shares his views on the upcoming quarters and his outlook for the bank.
Visa Steel has reported a consolidated total income from operations of Rs 276.80 crore and a net loss of Rs 159.73 crore for the quarter ended Sep '15
Coal India | Ramky Infra | Tata Steel | Infosys | Reliance Industries | Jindal Steel & Power | Welspun Corp | GMR Infrastructure | Pipavav Defence | Prestige Estates | IVRCL | MMTC | McNally Bharat | Sobha | EID Parry | TV Today and BGR Energy are stocks, which are in the news today.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today. We have Bosch, Amtek Auto, IDBI Bank, Motherson Sumi, Dishman Pharma, Visa Steel, Tide Water Oil, Sterlite Technologies, L&T and NDTV.
"Lenders of the company in its Joint Lenders Forum (JLF) meeting, on September 22, have decided to invoke strategic debt restructuring (SDR)," says the Kolkata-based mineral and metals company.
Stocks that are in Limelight: Bharat Heavy Electricals, Vedanta Resources, Glencore, Anglo American, KAZ Mineral, BHP Billiton, Rio Tinto, United Spirits, Larsen and Toubro, Visa Steel, Sterlite Technologies, Concord Drugs, Tide Water Oil, Maruti Suzuki India, Motherson Sumi Systems.
Fortis Healthcare | Britannia | BHEL | Amtek Auto | TCS | Pidilite Industries | Tidewater Oil India and Tara Jewels are stocks, which are in the news today.