Metals & Mining – Feedback

Metals & Mining

Buoyed by its stellar performance in the last fiscal, NALCO has announced plans to invest over Rs.30,000 crore on expansion across multiple and new projects, CMD, Tapan Kumar Chand said that following the sterling performance, the company has set aside a staggering sum for investment in next 4 years and is launching a number of […]

Coal mining company, Coal India (CIL), will develop its first thermal power plant in the country in Odisha. Project will come up at Sundergarh district. Power plant project will be executed by Mahanadi Coalfields (MCL), the company’s subsidiary. NTPC will be the joint venture partner in the project and is likely to have a stake […]

Buoyed by 2-fold jump in net profit to Rs.1,342 crore last fiscal, the state-owned NALCO on Sunday announced plans to invest over Rs.30,000 crore to launch a host of new projects and undertake expansion. “NALCO achieved highest net profit in last 10 years of Rs 1,342 crore during 2017-18 against Rs 669 crore in previous […]

JSW Steel, part of the $12 billion JSW Group, today announced it will invest Rs.9,715 crore over the next 3 years in significantly ramping up capacity, including 2 power plants, pellet project and coke over plants. Announcement was part of a statement made by the company on its fourth quarter performance. The firm reported a […]

National Aluminium Company (NALCO) has inked memorandum of understanding (MoU) with the Ministry of Mines for setting the highest-ever target of Rs.9,350 crore revenue from operations for FY 2018-19. MoU has also set a target of 2.1 million tonne for production of alumina with 100 percent capacity utilisation and an optimum aluminium production target of […]

Vedanta Resources will make an investment of USD 700 million in its subsidiary, Konkola Copper Mines (KCM), located in Zambia. Investment will be made to raise production level to 4,00,000 tpa in the next few years. KCM will build a new cobalt refinery and a coal-fired power plant. It will also invest in local communities […]

Aperam, a global company in stainless, electrical and specialty steel, has signed an agreement to acquire VDM Metals, a leading company in alloys and steel, for 438 million Euros. The combination of VDM Metals with Aperam’s Alloys and Specialties Division will create a leader in global premium speciality alloys. L. N. Mittal, chairman & CEO […]

Coal India (CIL) is planning to develop 20,000 M.W. of solar projects over the next 10 years. It is estimated that at a per-MW cost of around Rs.4.5 crore, CIL will require an investment of around Rs 90,000 crore to set up this capacity. CIL already has 40,000 ha of land required to set up […]

Adani Enterprises has signed a coal mining agreement (CMA) with NLC India for development and operation of Talabira-II and III coal block.  CMA was signed by Talabira (Odisha) Mining (TOMPL), a subsidiary of Adani Enterprises. Project is expected to generate a revenue of Rs 12,200 crore. Block is located in IB valley coalfields in Sambalpur […]