Coal India has said that the Board of its subsidiary Northern Coalfields has approved a share buyback plan worth Rs 1,244 crore.
Category: Coal & Mining
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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.
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NMDC Q3 net profit up 41percent to Rs 595 crore
NMDC Limited has reported a 41.33 per cent jump in net profit to Rs 595.16 crore for the quarter ended December 2016, from Rs 421.10 crore in the corresponding quarter the previous year, on the back of a steep rise in income from operations.
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Second National Conclave on Mines and Minerals to be held in Delhi
The Ministry of Mines had organised the first National Conclave on Mines & Minerals on 4-5 July 2016 at Raipur jointly with the Government of Chhattisgarh. It was an astounding success, owing to overwhelming support of all stakeholders of the mining industry. All the participants expressed great satisfaction on the organisation and outcome of the conclave.
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Hindustan Copper Q3 standalone net doubles to Rs 17 crore
Hindustan Copper has announced said its standalone net profit has nearly doubled to Rs 16.8 crore in the third quarter ended December 31, 2016.
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India keen to buy foreign coking coal assets
Coal India Ltd plans to acquire coking coal assets abroad as India lacks the technology to economically develop local reserves, Coal Minister Piyush Goyal has said.
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Closed Mines | Eco Challenges
Mining is a temporary activity which involves intermediate use of land. Typically, the operating life of a mine lasts from a few years to several decades, depending upon the natural environment such as weather, soil and quality, excavation of resources mined through the mining, use and availability of land.