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Earnings of metal, mining firms may be hit
July 2013
Earnings of some state-run metals and mining companies may come under pressure because of lower demand from China, which is the biggest consumer of metals, analysts argue. Owing to sluggish demand from China, the prices of all metals - iron, steel, copper, gold and silver - declined 15-35 percent since the beginning of 2013, resulting in a lowe
Earnings of metal, mining firms may be hit
July 2013
Earnings of some state-run metals and mining companies may come under pressure because of lower demand from China, which is the biggest consumer of metals, analysts argue. Owing to sluggish demand from China, the prices of all metals - iron, steel, copper, gold and silver - declined 15-35 percent since the beginning of 2013, resulting in a lowe
CIL chief hopes to exceed Rs 1 trillion revenue in FY14
June 2013
Media reports quoted Narsing Rao, Chairman of Coal India (CIL) as saying that the firm, which posted a turnover of Rs 88,281 crore during 2012-13 hopes to achieve a 12-13 percent growth in the same in the current financial year. He reportedly expressed hope of exceeding Rs 100,000-crore turnover during 2013-14. There are only eight companies in India that are in the Rs 100,000-crore club
CIL chief hopes to exceed Rs 1 trillion revenue in FY14
June 2013
Media reports quoted Narsing Rao, Chairman of Coal India (CIL) as saying that the firm, which posted a turnover of Rs 88,281 crore during 2012-13 hopes to achieve a 12-13 percent growth in the same in the current financial year. He reportedly expressed hope of exceeding Rs 100,000-crore turnover during 2013-14. There are only eight companies in India that are in the Rs 100,000-crore club
Adani Power posts net loss of Rs 4.2 bn
May 2013
Adani Power (APL) announced a net loss of Rs 426 crore on a standalone basis and a total income of Rs 1,747 crore during Jan-Mar 2013. The total income rose 75 per cent from the year-ago period. The company incurred loss because of higher prices of imported coal and transmission constraints, reports sugg
Adani Power posts net loss of Rs 4.2 bn
May 2013
Adani Power (APL) announced a net loss of Rs 426 crore on a standalone basis and a total income of Rs 1,747 crore during Jan-Mar 2013. The total income rose 75 per cent from the year-ago period. The company incurred loss because of higher prices of imported coal and transmission constraints, reports sugg
Ports suffer fall in cargo volume due to decline in ore export
March 2013
Several ports in the country are suffering decline in cargo volumes because of fall in iron ore exports on the back of hike in export duty and ban on illegal mining in several states. Data from the union shipping ministry shows that seven of the country's 12 major ports, including Chennai, Paradip and Kolkata, lost over Rs 1,200-crore reven
Ports suffer fall in cargo volume due to decline in ore export
March 2013
Several ports in the country are suffering decline in cargo volumes because of fall in iron ore exports on the back of hike in export duty and ban on illegal mining in several states. Data from the union shipping ministry shows that seven of the country's 12 major ports, including Chennai, Paradip and Kolkata, lost over Rs 1,200-crore reven
Profit of state-run miners rises substantially in FY12
March 2013
Bottomline of state-owned mining companies rose substantially in 2011-12 because of aggressive pricing by the firms, the Economic Survey 2012-13 shows. State-run mining firms, including Coal India, National Mineral Development Corp, registered a jump of 29.45 percent in its net profit to Rs 61,610 crore during the year ended March 2012 from Rs 47,594.80 crore year ago.
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