Metals & Mining – Feedback

Metals & Mining

Coal IndiaBSE 1.22 % has decided to shift to a pricing system under which customers would be billed on the basis of exact energy content per kilogram of coal in every consignment that is sold to them. New system would be effective from April 1, 2018. At present, prices of coal is fixed for a […]

Singareni Collieries Company (SCCL) will be investing about Rs 10,000 crore during the next five years in expansion programmes with a target to achieve Rs 34,000 crore revenue by then. Investment involves expansion of new mines, adding 800 MW to the existing 1,200 MW power plant, and setting up a 500 MW solar power project. […]

National Aluminium Company Limited (NALCO) which unveiled its Corporate Plan (2017-2032) on Monday has set a target of achieving a turnover of over Rs 18,171 crore by 2024 with a net profit of Rs 1,693 crore by 2024. Revenue growth will be driven by an expansion in the company’s smelting capacity to 1.1 million tonne […]

Rashtriya Ispat Nigam (RINL) has signed a memorandum of understanding (MoU) with Kudremukh Iron Ore Company (KIOCL) to set up a 1.2 million tpa pellet plant project at Vizag. Both the PSUs will form a joint venture for the plant. Capacity of the proposed plant will be initially 1.2 million tpa with a provision to […]

Kolkata-based Adhunik Group has received about 15 to 20 separate expressions of interest (EoIs) collectively for its four struggling resources and metals companies that now await the resolution of Rs.5,000 crore in debt and claims at dedicated insolvency courts. Adhunik Alloys and Power, Adhunik Metaliks, Zion Steel, and Orissa Manganese and Minerals await resolution under […]

National Aluminium Company (NALCO) has lined up projects with an investment of about Rs 25,000 crore, of which three will be inaugurated on 5 January 2018. NALCO will dedicate three major projects readied at a total cost of about Rs 660 crore, to the nation.Union Minister for Mines Narendra Singh Tomar and Union Petroleum Minister […]

Tractors India Pvt Ltd (TIPL) — which owns the dealership for Caterpillar earth moving equipment in North, East and North-Eastern India, Bhutan and Nepal — will set up an underground-mining machine manufacturing plant at Asansol in West Bengal, said Chairman and Managing Director, Sunil Kumar Chaturvedi, adding that the company will also look at making […]

NCC is expecting to start development and operation of Talaipalli coal block from 2019-20 onwards. Work on the project situated in the state of Chhattisgarh is expected to commence from FY 2018. Company will make an investment of Rs 190 crore during the first year of its commercial operation.NCC is targeting four million tonne of […]

Two State-owned firms- the Industrial Development Corporation of Odisha Ltd (IDCOL) and the Indian Rare Earths Ltd (IREL)- inked a joint venture (JV) agreement to explore beach sand minerals. JV has been approved by the Niti Aayog and the Naveen Patnaik-led state government in Odisha. IREL would have 51 per cent equity, while the remaining […]

National Mineral Development Corporation (NMDC) is likely to ink a memorandum of understanding (MoU) with Vietnam-based Masan Resources to acquire a minority equity stake in Nui Phao polymetallic tungsten mine. MoU is expected to be signed in January 2018. The mine is located in Thai Nguyen province in northern Vietnam. NMDC may acquire about five […]