HEADLINES

    • China may build port in southern Maldives
      India | Freight | 12th April 2016

      Despite Maldives's stated 'India First' policy, China will remain the elephant in the room when PM Narendra Modi seeks to address the issue of political instability in the archipelago in a meeting with visiting President Abdulla Yameen on Monday.

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    • Steel imports rise, increased domestic demand in India
      India | Steel | 12th April 2016

      India bought 994,000 tons of steel from overseas markets in March, 18.2 per cent higher than a year ago and nine per cent higher than a month ago. Steel imports in the country had declined month-on-month in January and February, due to 20 per cent safeguard duty slapped on import of cheap materials...

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    • Gadchiroli: Iron-ore mining project starts
      India | Iron ore | 12th April 2016

      GADCHIROLI marked a milestone this week, with the first iron-ore mining project beginning operations in Surjagadh of Etapalli tehsil. The company officials had a tough time tackling a horde of people who flocked to the site demanding work, underscoring the importance of job creation in one of the...

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    • Adani Power says it falls under 'composite scheme'
      India | Coal/Coke | 12th April 2016

      Adani Power today said the Appellate Tribunal for Electricity has rejected the claims of discoms and consumer representatives, who had appealed against compensatory tariff to the company. The Tribunal (APTEL) on April 7, 2016 passed an order on appeals filed by discoms and consumer representatives...

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    • CIL eases its terms with stock
      India | Coal/Coke | 12th April 2016

      Having produced more coal than it can sell, Coal India has now decided to become a consumer friendly company . In fact, its entire force of distribution managers are now doing the job of regional sales managers - selling coal. "At a time when coal was scarce these officers used to do the job...

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    • NMDC iron ore production at 28.3 m.t. in 2015-16
      India | Iron ore | 11th April 2016

      Iron ore major NMDC Ltd has managed to produce 28.32 million tonnes of ore and registered total sales of 28.87 m.t. during 2015-2016, which was lower when compared to previous year. The mining major produced 16.60 m.t. and sold 16.40 m.t. in Chhattisgarh and in Karnataka mines it produced 11.72 m.t...

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    • NMDC climbs 4%; announces prices of Iron Ore
      India | Iron ore | 11th April 2016

      NMDC climbed 4% to Rs.101.55 after the company has increased the prices of its iron ore with effect from April 4, 2016. The lump ore price has been fixed at Rs. 2,100 WMT, while price of fines has been fixed at Rs 1,860 WMT. The scrip opened at Rs. 98.25 and has touched a high and low of Rs. 101.9...

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    • DRI probes over-valuation of coal imports by power companies
      India | Freight | 11th April 2016

      The Directorate of Revenue Intelligence (DRI) has issued a nationwide alert to its offices and customs formations to scrutinise coal imports for over-valuation. The alert follows intelligence received by the directorate that over-valuation in coal imports from Indonesia is continuing, and is...

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    • Coal India Limited Mines around 500MT of Coal in 2015-16
      India | Coal/Coke | 11th April 2016

      Coal India Limited (CIL), one of the largest coal miners in the world, reported a 8.6% year-on-year growth in coal production in FY 2015-16. The company mined 536.51 MT (million tonnes) of coal in 2015-16 against the target of 550 MT. The company has missed its production target by 2% in the fiscal...

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    • Coal India's Jharkhand arm posts record production of 61 MT
      India | Coal/Coke | 11th April 2016

      Coal India's Jharkhand arm Central Coalfields Ltd (CCL) posted a record production of 61.35 million tonnes (MT) in 2015-16, which was the second consecutive year of double digit growth for the company. "This is the second consecutive year when Central Coalfields Ltd (CCL) has achieved double...

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    • MCL becomes number 1 coal producer of India in FY16
      India | Coal/Coke | 11th April 2016

      Mahanadi Coalfields Limited (MCL) on today said that it has become the top coal producer in the country by producing a record 138 mt of dry fuel in the financial year 2015-16, contributing 39 per cent to the incremental growth of Coal India Limited (CIL). The MCL that celebrates Silver Jubilee...

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    • RINL going all out to tap ‘capital’ market
      India | Steel | 8th April 2016

      Rashtriya Ispat Nigam Limited, the corporate entity of the Visakhapatnam Steel Plant, is pinning high hopes on getting preferential treatment from the Andhra Pradesh government in supplying steel for the construction of ‘people’s capital’ Amaravati.

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