Metals and mining conglomerate VedantaBSE 2.01 % Resources has plans to invest around Rs 50,000 crore on business expansion in India in coming years, its Chairman Anil Agarwal said today.
India’s mining giant Adani will start work on its 16.5 billion dollar Carmichael coal project in Australia in October and is expected to ship the first consignment in March 2020, the company has said after the controversy-hit project cleared two major legal hurdles.
India’s Adani Enterprises said on Monday it plans to begin work in October to build the controversial Carmichael coal project in Australia, aiming to make its first shipment in March 2020.
India’s Adani Enterprises said on Monday it will start work in October on its Carmichael coal project in Australia using A$400 million (S$430.7 million) of its own funds, even as it looks to lock in financing for the controversial mine.
Indian mining giant Adani Group’s 16.5 billion dollar controversy-hit coal mine project in Australia cleared two more legal hurdles today with a Brisbane court dismissing appeals filed by environmentalists and a traditional landowner against the venture.
Tata Steel, India’s second-largest private steelmaker, has expressed interest in bidding for debt-ridden Essar Steel, whose lenders have filed for revival of the company under the Insolvency and Bankruptcy Code
Import of coal saw a decline of 6.37 per cent to 191.95 million tonnes (MT) in 2016-17 on higher production by CIL that saw the country move to a regime of surplus coal.
The Coal India is targeting to limit its financial outgo in the latest wage negotiations — National Coal Wage Agreement X — which led to inconclusive outcome at the three-day-long intense marathon meeting.
Reliance Power on Thursday said its Sasan captive coal mine has been awarded the National Safety Award (Mines) for 2013 and 2014.
State owned Coal India Ltd (CIL) has stepped up its capital expenditure by 10.3 % to Rs 8,500 crore in 2017-18, compared to the last fiscal.