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Orissa to serve ultimatum to ports for information sharing on ore exports

Friday 21st Oct 2011 1246

Kolkata : The Orissa government will soon serve an ultimatum to the authorities of five ports- Haldia, Vishakhapatnam, Kakinada, Gangavaram and Dhamara for sharing of information on export of minerals generating....

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Goa miners eye tie-ups with steel mills outside state

Friday 21st Oct 2011 1254

Mumbai : Fear the govt-appointed panel might recommend a Karnataka-like ban on iron ore exports.

After Karnataka banned iron ore mining, focus has now shifted to Goa, where pollution-related issues have dogged....

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Nalco pays Rs 112 cr final dividend to govt

Wednesday 19th Oct 2011 1251

New Delhi : State-run National Aluminium Company (Nalco) today paid a final dividend of Rs 112.30 crore to the government for the financial year 2010-11.

With this, the company has paid a total....

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Coal India gains as workers call-off strike

Wednesday 19th Oct 2011 1250

Mumbai : Coal India is trading higher by 3% at Rs 330 in otherwise weak market on reports that the workers have called off the proposed three-day strike after the company’s....

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Coal India asks govt to lower FY12 production to 448MT

Wednesday 19th Oct 2011 1269

New Delhi : Coal India Ltd (CIL) has asked the government to scale down its production target for the 2011-12 financial year to 448 million tonnes (MT) from 452 MT at present,....

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IndianOil wants to get crude on credit

Tuesday 18th Oct 2011 1254

New Delhi : Seeks deferred payments for domestic purchases, dollar window.

The delay in government compensation for the regulated sale of fuels has prompted the country’s largest oil marketer Indian Oil Corporation to....

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Mines Department asks firms to file Utilisation Certificate

Monday 17th Oct 2011 1256

Kolkata : State Steel and Mines Department has ordered all 834 mining excavation, procurement and trading license holders in the state to submit mineral utilisation certificate (UC) for the period of....

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Iron ore e-auctions: High prices dater major steel mills

Monday 17th Oct 2011 1262

Bengaluru : Major steel producers, including JSW Steel and Kalyani Steel, showed little interest in buying iron ore during the fourth round of e-auction due to a massive increase in prices.

Prices....

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Coal crisis deepens, power units may shut down

Sunday 16th Oct 2011 1264

New Delhi : The government might have announced diversion of spot market coal to bridge the supply shortages for long-term consumers in the power sector, but experts see the move as “grossly....

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India squanders distressed debt opportunity

Sunday 16th Oct 2011 1251

Mumbai : When Rajiv Ranjan joined billionaire Anil Ambani’s Reliance Asset Reconstruction Company three years ago, he had ambitious plans of making a fortune out of reviving distressed assets across India.

Reliance....

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