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Mr Muthisse says Mozambique still counting on coal
Mr Gabriel Muthisse, the transport minister, said that Mozambique is still counting on increasing coal exports to expand its infrastructure and drive economic growth, despite depressed global prices which might delay the timing of some major railway ...
CIL selloff on possible in September 2014 - Report
Telegraph India reported that the government is looking to deliberate next month on a possible selloff in CIL. It has already lined up sales in a clutch of PSUs, including Steel Authority of India Limited and ONGC, through the offer for sale route. The ...
Steel secretary inaugurates upgraded BF1 Godavari & Sinter Heat
Mr G Mohan Kumar steel secretary inaugurated the upgraded Blast Furnace -1 Godavari by “Blowing in” and unveiled the plaque to mark the occasion in the presence of Sri P Madhusudan, CMD, RINL, Directors, senior management of Consortium and union ...
FIMI expectant of new beginning in India under the new regime amidst odds
Mining industry looks up with hope for resolution of issues plaguing it almost bringing its growth to standstill. Mining has been key contributor to economic growth however over the years its share in the GDP has been dwindling owing to myriad of ...
Adani Group gets Oz nod for coal mining and rail project
Business Standard reported that the Australian government has approved billionaire Gautam Adani-promoted Adani Group's proposed AUD 16.5 billion Carmichael Coal Mine and Rail Project, subject to a set of environmental conditions. Australian ...
Rio Tinto to sell coal assets in Mozambique to ICVL for USD 50 million only
Global mining giant Rio Tinto announced that it has reached an agreement to sell Rio Tinto Coal Mozambique, which comprises the Benga coal mine and other projects in the Tete province of Mozambique, to International Coal Ventures Private Limited for ...
Adani Group eyes Indiabulls Power to buy Amravati Thermal Project
Times of India reported that the Adani Group is in advanced stages of negotiations with Indiabulls Power to buy out its 1,350 MW Amravati Thermal Power Project. Earlier this month, the promoters of Indiabulls Group had split the empire with chairman ...
GVK Tokisud to begin coal production in Pujab by November 2014
Business Line reported that GVK Power & Infrastructure Limited expects to commence coal production from its captive GVK Coal (Tokisud) Company to facilitate supply to the 540 MW Goindwal Sahib thermal power plant in Punjab by November 2014.
L&T financial results for June 30 2014
Larsen & Toubro is publishing consolidated financial results for the quarter ended June 30th 2014 pursuant to the option as per clause 41 of the Listing Agreement. Larsen & Toubro recorded Consolidated Gross Revenue of 19123 crore for the quarter ended ...
BHEL bags INR 68 crore solar power project order in Karnataka
PTI reported that state-owned BHEL has bagged an order worth INR 68 crore for setting up a solar power plant in Karnataka. The contract, received from Karnataka Power Corporation Limited, is for setting up a 10 MW grid connected solar power plant at ...