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Indian govt may accept Deloitte report, split CIL into smaller companies - Report - SteelGuru


Indian govt may accept Deloitte report, split CIL into smaller companies - Report
SteelGuru
With persistent coal shortages short-circuiting India's power generation plans, the government is set to undertake the restructuring of state behemoth and world's largest coal miner, CIL, by creating multiple mega coal companies in line with the ...

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4K UHD TV Makers Drastically Drop Prices To Juice October Sales - HD Guru


HD Guru

4K UHD TV Makers Drastically Drop Prices To Juice October Sales
HD Guru
This is a big week for 4K Ultra High Definition Television deals. The top TV manufacturers are experiencing poor October sales, so they've just reduced their prices to get folks to buy now rather that waiting for next month's Black Friday sales. Yhis ...

Modi government unlocks coal jam - SteelGuru


Modi government unlocks coal jam
SteelGuru
1. Coal bearing land will be taken back from private companies whose mining licences were cancelled by the Supreme Court last month. It will also address valuation of the land to be taken over from those who have lost coal blocks. 2. For state owned ...

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Wescoal Holdings coal production up by 5pct H1 2014 - SteelGuru


Wescoal Holdings coal production up by 5pct H1 2014
SteelGuru
3. Negotiations are continuing for extensions to existing khanyisa mining operations and management is confident of a successful conclusion to talks 4. Group directors have been in consultation with regulatory authorities as to delay in issue of ...

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I had to take a position for my organisation - CBI director - SteelGuru


I had to take a position for my organisation - CBI director
SteelGuru
CBI director Mr Ranjit Sinha after Supreme Court struck down observations made by a lower court on investigators probing coal scam said that "I had to take a stand for my organisation and team." Two days after the apex court order, the CBI Director ...

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Advisory Group on power, coal to submit report by October 31st - SteelGuru


Advisory Group on power, coal to submit report by October 31st
SteelGuru
The Advisory Group, set up under former Power Minister Mr Suresh Prabhu to suggest ways to enhance growth and address regulatory issues in the coal and power sectors, will submit its report to the government by the month end. A senior official said ...

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Moody sees continued volatility in iron ore prices amid supply glut - SteelGuru


Moody sees continued volatility in iron ore prices amid supply glut
SteelGuru
Moody analysts including Carol Cowan in an e-mailed report said “About 300 million tonnes of new and expanded supply will come on stream over the next few years while global steel production growth in 2014 remains muted with China, the key driver of ...

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Iron ore futures gain as Chinese port stocks fall to lowest since April - SteelGuru


Iron ore futures gain as Chinese port stocks fall to lowest since April
SteelGuru
Reuters reported that iron ore futures in China and Singapore advanced on Monday after stockpiles of the steelmaking raw material at Chinese ports fell to the lowest since April, helping ease some concerns in a market that had been hammered by ...

3 fund houses in race to manage by CMPFO - SteelGuru


3 fund houses in race to manage by CMPFO
SteelGuru
Economic Times reported that 3 fund managers are in the race to manage the over INR 69,000-crore provident fund corpus of coal industry workers, administered by the Coal Mines Provident Fund Organisation (CMPFO). According to two officials familiar ...

Loan recast hinges on coal supply to steel and power sectors by March 2015 ... - SteelGuru


Loan recast hinges on coal supply to steel and power sectors by March 2015 ...
SteelGuru
Business Standard reported that the government's decision to revive the process of allocation of coal blocks notwithstanding, banks might still have to recast their loans if users of coal are unable to start production and repayment of dues by March 2015.

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