Mines auction is likely to add Rs 1.5 lakh crore to statesĆā kitty in 2017-18, Mines Secretary Arun Kumar has said. The first tranche of auctions, which started last year, saw bidding of 21 mine blocks that fetched Rs 73,000 crore to states.
Category: Coal & Mining
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Coal India approves interim dividend of Rs 18.75 per share
Coal India has said that its Board has approved an interim dividend of Rs 18.75 per share for the 2016-17 financial year. The government is likely to get around Rs 9,200 crore from the total interim dividend payout.
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Coal gas can help lower import bill by $10 billion in 5 years
Domestic coal gas can be used as a feedstock for producing urea and other chemicals that can help reduce the country's import bill by $10 billion in five years and cut carbon emissions, a top official has said.
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Coal India production grows 6.5percent in February
Coal India registered a healthy 6.5 per cent growth in coal production to clock 54.30 million tonnes (MT) in February this year compared to 50.98 MT achieved in the corresponding period last year.
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There is a real talent shortage in the Indian construction industry
It's early days for us. We have launched our operations in India last year. We said, let's not get the cart before the horse. Let's create a world-class delivery capability. So we have built that team and we are continuing to expand that team with quite an aggressive hiring programme. Now, more recently, we have been bringing on the sales, marketing and expertise.
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Northern Coalfields ratifies buyback
Coal India has said that the Board of its subsidiary Northern Coalfields has approved a share buyback plan worth Rs 1,244 crore.
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Tata Hitachi’s Kharagpur plant rolls out its 10,000th machine
In a milestone event, Tata Hitachi's Kharagpur plant has announced the roll out of its 10,000th machine. The machine, ZAXIS470H, was handed over to V Prabhakar Reddy of VPR Mining Infrastructure Private Limited - a leader and trend setter in the Indian mining industry, with many global ongoing projects and a big patron of Tata Hitachi.
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Northern Coalfields ratifies Rs 1,244-cr share buyback plan
Coal India has said that the Board of its subsidiary Northern Coalfields has approved a share buyback plan worth Rs 1,244 crore.
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Coal imports dip 22percent to 14 million tonnes in January
Coal imports have declined by 21.7 per cent to 14.31 million tonnes (MT) in January as power utilities did not lift much fuel due to abundant stock available with them.
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Vedanta Group Q3 EBIDTA jumps 79percent, revenue up 26percent
Vedanta Resources Group's operating profit almost doubled to $882.3 million for the quarter ended December, while revenue rose 26 per cent to $3.06 billion on the back of higher production volumes, mainly zinc.