Anil Agarwal-promoted Vedanta Ltd has finalized the terms of a Rs4,000 crore bond issue at a time rising yields have depressed local debt issuances, two people aware of the development said.
The Union steel ministry hopes to have a fair say in raw material issues, especially those affecting Indian steel’s competitiveness, and doesn’t want direct control.
Essar Ports Limited (EPL), a leading private port terminal operator in India, today reported an 11% increase in overall cargo handling at 9.16 million tonnes (MT) across its Hazira, Vishakapatnam, Salaya and Paradip port terminals for the quarter ended December 31st, 2017, up from 8.26 MT a year ago
A hike in iron ore prices by state-run NMDC has left steel companies with no choice but to pass on the increased production cost to customers, JSW Steel Chairman Sajjan Jindal has said.
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
NMDC Ltd has recorded production of 3.66 million tonnes of iron ore from its mines in Chhattisgarh as on May 31, 2017, the company informed BSE in its filing.
The government has scaled down the restrictions on exports and mining has picked up in Goa and Karnataka. China was the principal reason for the galloping rise in India’s exports of iron ore since the beginning of the new millennium, hitting a high of 117.37 million tonnes in 2009-10.
Domestic shipping companies have a reason to cheer as iron ore exports to China witness a surge. With the overall trade scenario in terms of volumes and freight rates
We filed with the ROC, we had board meetings, all the formalities are complete. This was expected. This is a fully diversified, integrated natural resource company out of India
JSW Steel Ltd could spend around $1 billion on capacity addition and acquisition this fiscal year and will bid for several iron ore and coking coal mines in upcoming government auctions to secure raw material supplies, a top company executive told Reuters.