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NMDC board approves de-merger of NMDC Steel
Wed, Jul 14, 2021
"The board of directors of NMDC Limited, at its meeting held today, approved the Scheme of Arrangement for Demerger between NMDC Limited (Demerged Company) and NMDC Steel Limited (Resulting Company) and their respective shareholders...," the miner said
Commercial Coal Mine Auction RESULTS: Strong and healthy competition! What happened on Day 1 of bidding
Mon, Nov 02, 2020
In all the mines auctioned, the final offer received is above 10% signalling strong demand of coal mines in the market.
National Mineral Index to make mining sector competitive
Mon, Jul 27, 2020
A just and uniform system for development of National Mineral Index for all minerals can go a long way in ensuring a competitive mining sector inviting healthy competition in auctions and active participation by smaller mining companies.
Mining, FDI, banking, capital market PLANS REVEALED! What Modi government is doing to promote economic activities
Sun, Jul 12, 2020
Commerce and Industry Minister Piyush Goyal on Saturday said that government is looking at reforms in various sectors like foreign direct investment, mining, banking and capital market to promote economic activities in the country.
Another BIG DECISION from Modi government set to arrive? PUSH to commercial mining
Sun, Oct 13, 2019
It has been reported that the Modi government is all geared up for a slew of reforms in the mining sector.
Review provisions on CSR spend by PSUs to avoid overlapping in areas under DMF: Par panel to government
Sun, Jan 06, 2019
DMFs are funded by statutory contributions from holders of mining leases -- 10 per cent of royalty in respect to mining leases granted on or after January 12, 2015 and 30 per cent of royalty in respect of mining leases granted before the date.
Anil Agarwal acquires over 11% shares in Anglo American
Fri, Apr 14, 2017
The transaction for a total of 160,685,162 shares took place on Tuesday, the London Stock Exchange (LSE) notice said.
Vedanta to invest $10 billion on expanding business
Sun, Feb 19, 2017
"We have the potential to spend $10 billion over a period of five years; we are looking at 3,50,000 barrel of oil... To have 100,000 barrel equivalent to gas. We are looking to integrate 3 million tonnes capacity for the aluminium," the mining baron told PTI in a telephonic interview.
NMDC in talks to acquire stake in Vietnam's tungsten mine
Sun, Feb 19, 2017
"Recently a team from NMDC visited the plant and held initial discussions with Masan Resources. NMDC is interested in acquiring a considerable stake in the mine as Ministry of Defence has also expressed interest to buy the metal from NMDC. A decision will be arrived only after a due diligence," sources told PTI.
Rupee depreciation remains a significant risk to India Inc
Tue, Jan 24, 2017
In a report, India Ratings said that depreciation of rupee remains a significant risk for corporate balance sheets, although it may not derail the economic recovery, it could impact their credit profile.
Demonetisation will help Indian economy tremendously, says Anil Agarwal, Chairman, Vedanta Ltd
Thu, Jan 05, 2017
In conversation with Chairman of Vedanta, Anil Agarwal, Manoj Dharra talks about expectations from Budget 2017, Vedanta's performance impact due to demonetisation.
Coal India declares compensation of Rs 5 lakh to ECL mine accident victims
Fri, Dec 30, 2016
It said, "The accident caused an unfortunate demise of 7 workers, for which the families of deceased will be granted with ex-gratia compensation of Rs 5 lakh in addition to the amount paid under the Workmen's Compensation Act."
IMG on mines auction to take stock of clearances this week
Sun, Oct 23, 2016
An inter-ministerial group (IMG) set up to fast-track mining leases will this week review the status of 16 successfully auctioned blocks that will fetch states revenues of more than Rs 59,500 crore over 50 years.
IIP Conundrum: Factory output at over two-decade low; what's next?
Wed, Oct 12, 2016
Despite the continuous decline in IIP data, analyst yet believe it will see nearly 3% growth in FY17, on the back of 7th Pay Commission, government spending, festive season and favourable monsoon.
IIP declines for second month in a row; falls by 0.7% in August
Mon, Oct 10, 2016
The cumulative growth for the period April-August 2016 over the corresponding period of the previous year stands at (-) 0.3%.
IIP posts second consecutive month of growth; up 2.1%
Fri, Aug 12, 2016
The factory output in India was up for a second consective month and had increased from last month's growth.
CAG finds inconsistencies in first e-auction of coal blocks
Tue, Jul 26, 2016
A new report by the CAG says that though the efforts were being made by the government to start production from the successfully auctioned coal mines, only in 11 out of 26 coal mines, for which vesting orders were issued, production could be started/mine opening permission was issued.
Mining, construction, power, textile holds 55% of India’s bad debt: Ind-Ra
Wed, Jul 20, 2016
India’s bad debt is concentrated in four sectors - iron and steel, construction and infrastructure, power and textile which hold 55% of the total Rs 11.8 trillion debt, a report by India Ratings agency stated.