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Ashoka Pte acquires Rs 17-crore stake in Heidelberg Cement
Ashoka Pte Ltd today acquired one per cent stake in Germany-based HeidelbergCement Group's Indian arm for about Rs 17 crore through an open market transaction.
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NBCC bags contracts worth Rs 2,525 crore in January
State-owned construction firm NBCC said it has bagged business worth Rs 2,525 crore in the last month. NBCC has secured total business amounting Rs 2,525.86 crore.
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Decision to increase minimum import price of steel may hurt automobile companies
Impact on margins of auto companies will be limited to 100-500 basis points since contract prices at which they currently procure steel are already higher than spot prices.
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Odisha eyes 70 million tonne of iron ore production in 2015-16
Odisha is targeting a production of 70 mt of iron ore in FY16, with top miners pinning their hopes on restarting operations even as they await a final nod from SC.
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LafargeHolcim gets CCI go-ahead for India divestment plan
The proposed divestment is key to get the approval of the CCI for the multi-billion dollar merger between Lafarge and Holcim announced last year.
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NE Hydrocarbon Vision 2030 proposes Rs 1,30,000 crore investments
According to it, Rs 80,000 crore will be required for upstream activities, Rs 20,000 crore for midstream and Rs 30, 000 crore for downstream.
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JSW crude steel output drops 17% in January
JSW Steel reported a 17.23 per cent decline in output for January to 9.27 lakh tonnes due to shutdown of three blast furnaces at different locations.
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JB Chemicals to file review plea in NGT against plant closure
Consequently, the NGT had also directed the company to close down the activities at the said plant within four weeks.
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Australia supports Adani Group's Carmichael project: Government
Josh Frydenberg said that even the state government and the Federal Opposition are in support of the project.
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Remove duty on coking coal, auction ore to rescue industry: Indian Chamber of...
Seeking Centre's intervention in rescuing iron and steel sectors, ICC has demanded removal of 6% duty on coking coal, including 2.5% import duty.
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CIDCO to open Navi Mumbai airport pre-development financial bids in 15 days
CIDCO, will open financial bids for pre-development work of the proposed Navi Mumbai International Airport in the next 15 days, said a top government official.
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ISA urges government to curb higher grade steel imports
ISA has urged the government to rein in growing imports of higher grades of steel in the guise of base grades of steel.
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SAIL likely to grapple with higher employee and mining costs in coming quarters
Compared to its counterparts like Tata Steel and JSW Steel, SAIL being a public sector company has a much higher employee cost, which is almost 20% of its sales.
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Coal India plans to use drones to conduct aerial surveys of exploration
The company has approached the Ministry of Home Affairs and the civil aviation department to go ahead with the drone project.
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East may face an over supply of cement, say analysts
The pace at which cement capacity is coming up in the East has convinced analysts that the region may face an over supply.
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Fitch sees no relief for Indian steelmakers despite floor price
Slow domestic demand growth and overcapacity will numb the impact on Indian steelmakers from a floor price just imposed on steel product imports.
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India steel output to grow by 7% in 2016: Platts
"The consumption of steel per head in India is around 65 kg per year against 235 kg as a global average," Cooke said.
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Moody's Investors Service downgrades Tata Steel's corporate family rating
It has also downgraded Tata Steel UK Holdings Limited's (TSUKH) CFR and probability of default rating to B3/B3-PD from B2/B2-PD.
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CCL registers 12% growth in coal production
CCL has registered a growth of 12 per cent in production during this fiscal, the highest among all coal companies in the country.
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Moody's downgrades Tata Steel credit rating
Global agency Moody's downgraded credit ratings of Tata Steel on a weaker than expected operating performance in its key operating markets of India, Europe and Southeast Asia.
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