Saket Kumar

Vedanta guides for $10 billion Ebitda, ₹20,000 crore debt cut in FY27

CFO says group expects to cut debt by more than Rs 20,000 crore in FY27

Bokaro Steel posts best Q1 among SAIL plants, Ebitda at ₹1,154 crore

SAIL's Bokaro Steel Plant nearly doubled first-quarter Ebitda to Rs 1,154 crore, driven by record production, stronger operational efficiency and improved cost control

Coal pensioners seek ₹10,000 minimum payout as Centre rules out revision

Retirees seek inflation-linked revisions after the government told Parliament no enhancement proposal is under consideration following an actuarial assessment of the pension fund

NMDC scouts Argentina's copper belt as critical minerals push gathers pace

State-run miner explores partnerships across six Argentine provinces for copper, lithium and rare earths as it expands its overseas critical minerals strategy

Indian steel exports may fall up to 30% in FY27 as EU tightens quotas

Crisil Intelligence says lower EU duty-free quotas and stiffer competition could reduce exports and put pressure on domestic steel prices this financial year

Vedanta Aluminium Q1 profit trebles; Vedanta Ltd profit more than doubles

Both demerged companies report record operational performance, with higher production, improved margins and stronger balance sheets driving earnings growth

India shifts methanol imports to China amid West Asia conflict: Crisil

Report says supply disruptions and soaring prices prompted India to diversify sourcing away from the Middle East while boosting imports from China

Vedanta's demerged firms post mixed Q1; iron & steel shines, power slips

Iron & steel business returns to profit and oil & gas posts strong earnings, while power business slips into loss despite higher revenue

Parliamentary panel urges Centre to assess washed coal export potential

Committee also recommends a time-bound roadmap to modernise coal washeries and adopt advanced beneficiation technologies to improve coal quality

NLC India Renewables appoints four merchant bankers for proposed IPO

The renewable energy arm of NLC India has appointed four book-running lead managers as it prepares for a proposed IPO to fund its clean energy expansion plans

Downstream aluminium bodies seek lower import duty on primary aluminium

Industry associations say the current duty structure has enabled import-parity pricing by domestic producers, raising input costs and squeezing the profitability of downstream MSMEs.

₹9-10 trillion capex to power mining equipment demand by 2030: Report

Annual capital expenditure across infrastructure, mining, manufacturing and energy is expected to nearly double by 2030, driving strong growth in mining and construction equipment

Centre to launch eighth critical mineral auction, offering 20 blocks

The eighth tranche of critical mineral auctions will offer 20 blocks across nine states, including lithium, rare earth elements and graphite, to boost domestic mineral security

Mines ministry recommends scrapping aluminium scrap import duty

The Ministry of Mines has urged the Department of Revenue to remove the 2.5 per cent basic customs duty on aluminium scrap, citing lower costs for recyclers and stronger domestic value addition

Hindustan Copper appoints advisers for proposed Chile mine acquisition: CMD

The state-run miner has appointed transaction advisers for its proposed acquisition of four copper mines in Chile, with due diligence under way amid regulatory processes

Only 8 of 23 coal blocks get bids in latest commercial mine auction round

The Coal Ministry received 21 bids from 16 companies, including four first-time participants, for eight of the 23 coal blocks offered in the latest auction round

Elevated coal costs seen capping Q1 margin recovery for steel firms

Steel producers are expected to post weaker-than-expected Q1 margin recovery as higher coking coal, freight and operating costs offset gains from stronger domestic steel prices

India, Aus deepen energy ties, operationalise civil nuclear cooperation

The two countries finalised arrangements for long-term Australian uranium exports to India and expanded cooperation in critical minerals, mining, renewable energy and energy security

SAIL CMD Panda warns high taxes, royalty to make iron ore costlier

SAIL warns higher royalties and mining levies could raise iron ore costs, adding pressure on India's expanding steel industry amid decarbonisation challenges

Govt sets Jan schedule for first pact signing of coal-gasification projects

The coal ministry has issued the final RFP under its Rs 37,500 crore coal gasification scheme, targeting the signing of project agreements by January 4, 2027