Lenders had proposed conversion of loans worth Rs 16,397 crore into equity
Consumption to move up further to 90.6 million tonne in FY18
Rise in raw material prices, Chinese exports, depreciation of the pound and slow steel demand could play spoilsport
This comes in the backdrop of improvement in volumes from product sales
Internal restructuring, competitive pound help improve EBITDA by 21 per cent
Demand may pick up after monsoon; however, realisation might not change much as costs are rising
The JV, which currently holds three bulk carriers and one tanker vessel, could charter a container vessel soon
In early July, the company announced cancellation of sale of its UK business and initiated talks with the German company for a possible joint venture
Debt protection metrics of steel players to remain depressed in near term
Dry bulk carrier prices at 30-year low in prolonged shipping downturn
With realisations continuing to be muted, domestic metal firms are increasingly paying attention to lowering expenses
Ferroshots, granulated pig iron, is a new product that has been launched by Tata Steel from its Kalinganagar plant
Capacity utilisations remain stagnant at 68.3% on year-on-year basis, fall by 3.7 percentage points sequentially
Sector needs Rs 70,000-80,000 crore for developing 20,000 km of inland waterways
Country's largest shipping company has disappointing results in the June quarter with revenues taking a sharp hit due to weak dry bulk business across globe
Cheap aluminium imports are eating up nearly 50 per cent of the total domestic cosumption
Interview with Managing director of Hindalco
Net sales fell 13% at Rs 7,597 cr due to weakness in copper business
Vedanta recently sweetened the deal for minority shareholders of Cairn India, increasing the chances of the merger being completed soon