11th Indian Coal Markets Conference commences
mjunction services limited, a joint venture between Tata steel and SAIL, is hosting the 11th International Coal Markets Conference. The conference seeks to highlight the challenges plaguing the cmjunction services limited,oal industry this year and bring about a resolution for the same.
Industry suffers from low margins
In the recent past, coal shortages, scams, hike in prices of imported coal, lack of land availability, policy logjam and shortage of labour together paralyzed the prospects of the power sector and other heavy industries. In fact all the industrial sectors were having virtually no growth.
Finance Ministry looks to divest stakes in 7 PSUs
The finance ministry is working on a roadmap to divest stake in seven big State-run companies, which include Coal India, SAIL, MMTC, NMDC, NHPC and NALCO. The government holds 80 per cent or more stakes in these companies. "We will draw a roadmap and accordingly start consultations with the respective administrative .
SAIL may team up with RINL, MOIL to set up ferro alloy plant
SAIL may join as the third partner in RINL-MOIL joint venture for manufacturing ferro alloy as its plan for a separate unit with the manganese ore producer may not see the light of day. State-run MOIL Ltd, formerly known as Manganese Ore India Ltd, had earlier inked two separate JV pacts with SAIL and Rashtriya Ispat Nigam Ltd to set up two ferro alloy plants with a total outlay of Rs 600 crore.
Carrot and Stick
The government is toying with an idea of a ´carrot and stick´ with the energy companies to de-bottleneck energy growth. This is largely in the hopes of achieving a makeover of their global image that has taken a beating in recent months, as rating firms have painted the government as investor-unfriendly so much so that a couple of them have declared their affinity to Narendra Modi as the next leader of the nation, much to the displeasure of the Finance Minister and those who believe the governme