Coal India on Rs 10,000 crore equipment buying spree

Coal India on Rs 10,000 crore equipment buying spree

Coal India has embarked upon a Rs 10,000 crore shopping spree for latest highcapacity mining equipment as it aims to meet a target of producing 660 million tonnes of black diamond in 2019-20, a move that will require raising annual output by 8-9% in the current fiscal.

NCLAT reserves order on ArcelorMittal takeover of Essar Steel

NCLAT reserves order on ArcelorMittal takeover of Essar Steel

An appellate tribunal has reserved a final order on appeals against Arcelor Mittal’s Rs 42,000 crore resolution plan for debt laden Essar Steel. A two-member bench of the National Company Law Appellate Tribunal (NCLAT) led by justice SJ Mukhopahdaya asked all parties to file final written submissions by Wednesday.

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