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Coal India gains as workers call-off strike

Wednesday 19th Oct 2011 1247

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 1260

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 1251

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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SAIL finds solution for its mill troubles at Sindri

Tuesday 18th Oct 2011 1257

New Delhi : Now finds enough space for an integrated steel mill, a power complex and a fertiliser unit in what was once the Sindri fertiliser complex.

Steel Authority of India Ltd (SAIL)....

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Holcim beats UltraTech in first half

Tuesday 18th Oct 2011 1247

Mumbai : Against flat growth in UltraTech’s sales, Holcim group companies post 8 percent growth.

Swiss cement major Holcim has strengthened its position in India, thanks to a robust comeback from ACC.....

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Anti-dumping duty on caustic soda imports

Monday 17th Oct 2011 1253

Mumbai : In a major blow to the manufacturing industry, the finance ministry has imposed an anti-dumping duty on the use of caustic soda till 2013.

The duty will be levied on....

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Mines Department asks firms to file Utilisation Certificate

Monday 17th Oct 2011 1252

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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Essar Steel starts first Corex module at Hazira

Monday 17th Oct 2011 1247

Mumbai : Essar Steel, steel producing arm of Essar Group has commissioned a Corex module at Hazira complex in Gujarat having a capacity of 0.87 million tonnes per annum (MTPA).

With this,....

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

Monday 17th Oct 2011 1256

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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Cement sector likely to witness negative growth in Oct

Monday 17th Oct 2011 1253

New Delhi : The cement sector is likely to witness negative growth in sales in October due to a slowdown in infrastructure construction activities amid the festive season, besides the higher base....

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