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JSW's Bengal dream stares at singur fate

Wednesday 3rd Aug 2011 1355

Kolkata : 10 mn-tonne plant in Mamata’s crosshairs; company says work in progress. After the Tatas, it’s now the Jindals’ turn to face the heat in Bengal. At a time when Sajjan....

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Morgan Stanley sells 1.2 mn JSW Steel shares

Tuesday 2nd Aug 2011 1346

New Delhi : Foreign fund house Morgan Stanley has sold 1.2 million shares of JSW Steel for about Rs 84 crore on the bourses through open market. According to data on the National....

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Steel makers to add 30 mn tonne capacity by FY13

Tuesday 2nd Aug 2011 1349

New Delhi : Major steel producers such as Steel Authority of India (SAIL), Tata Steel, Rashtriya Ispat Nigam (RINL), JSW Steel, JSPL, Essar Steel, among others, are likely to add about 30....

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JSW Ispat signs Rs 6,000 cr debt refinancing deal

Tuesday 2nd Aug 2011 1356

Mumbai : JSW Ispat Steel Ltd has signed a deal to refinance Rs 6,150 crore ($1.4 billion) of debt, enabling the company to come out from a corporate debt restructuring programme,....

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Locals oppose 600,000-tree cut for Posco project

Tuesday 2nd Aug 2011 1351

Bhubaneswar : Over six lakh trees and some 1,800 betel vines will have to be sacrificed to set up Posco's Rs 52,000 crore mega steel project in Orissa's coastal Jagatsinghpur district. The....

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Mining industry may restructure to minimise benefit-sharing impact

Tuesday 2nd Aug 2011 1347

New Delhi : The benefit sharing mechanism proposed for the mining sector could see companies restructuring operations in an effort to have a lesser impact on their top line once the new....

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Steel’s Slow Rise

Monday 1st Aug 2011 1349

New Delhi : The World Steel Association reported a global steel production increase of almost 8% in June, y-o-y. China reported a y-o-y production increase of 11.9% in June, and a m-o-m....

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New Delhi : NIFTY Current: 5,517 (Aug: 5,528) Target: NA The index continues to range-trade. Today it could fall till support at 5,450-5,475 or rise till resistance at 5,575. Breakouts beyond could go till 5,400....

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JSW Steel: Plumbing new depths

Tuesday 2nd Aug 2011 1348

Mumbai : With availability of cheap iron ore at risk, output may drop and margins hit in FY12. JSW Steel is in for tough times. The market hammered the company's stock down....

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JSW group firms lose Rs 4,800 cr in 3 days

Tuesday 2nd Aug 2011 1350

Mumbai : Market cap hit on selling pressure after Lokayukta report, SC mining ban in Bellary. Shares of Sajjan Jindal-led JSW group companies continued their slump on bourses, taking their combined loss....

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