Posts by India Report:
Coal India increases supplies to power cos by 28 pct post Oct 10
With a view to improve power supplies ahead of Diwali, state-run Coal India has increased despatches of the dry fuel to power utilities by 28 per cent from October 10. The country's largest coal miner in a statement today said that on an average, 0...
Copper remains up on increased industrial demand
Copper prices moved up by Rs 2 per kg in the local non-ferrous metal market today due to increased industrial demand amid a firming trend at the London Metal Exchange. Traders said increased industrial demand and reports of a rising trend in overseas...
Gold rises by Rs 195, silver up by Rs 400 on festive demand
Both the precious metals, gold and silver, extended gains for the second straight session today on sustained buying by stockists for the ongoing festive season amid rising global trend. While gold added Rs 195 to Rs 27,115 per 10 grams, silver gained R...
India gold, silver turn weak on global cues, sluggish demand
Both the precious metals, gold and silver, fell on the bullion market today on profit-selling by stockists, amid a weak trend in overseas markets. While gold dropped by Rs 250 to Rs 26,660 per 10 grams, silver lost Rs 1,200 to Rs 53,000 per kg on reduc...
Silver futures trade higher on global cues
New Delhi, Oct 7 (PTI) Silver prices shot up by Rs 580 to Rs 55,175 per kg in futures trade today as speculators enlarged their positions in tandem with a firming trend in Asian region. At the Multi Commodity Exchange, silver for delivery in March shot...
Griffin Coal to generate up to $160 mn in revenue in FY’12
Griffin Coal, which was acquired by Lanco Group early this year, may generate revenues of up to USD 160 million this fiscal, according to a senior company official. The miner may produce coal up to 4 million tonnes during the March, 2011-March, 2012, period, the Lanco Group official said, requesting anonymity.
Mercator buys 50 pc stake in Indonesian mine for USD 30 mn
Mercator Lines has acquired 50 per cent stake in a coal mine in Indonesia's Kalimanthan province for about USD 30 million (Rs 145 crore), a top company official said today.
India Panaji port used as gateway for exporting illegal ore
The state-run Panaji Minor Port could have served as a gateway to export a huge amount of illegal iron ore from the state, a senior official revealed, while appealing the Goa Government to suspend the operations at the port in"national interest".
Copper, nickel remain weak on reduced industrial demand
Amid a weakening trend overseas and sluggish local demand, copper and nickel prices fell further by Rs 5 per kg in the local non-ferrous metal market today. In the national capital, copper wire scrap, copper wire bar and copper mixed scrap remained under
1.5 crore worth illegal iron ore seized
About 2,000 metric tonnes of iron ore valued at about Rs 1.5 crore were seized today by officials of the Forest and Police departments at Sandur in the district today.
Six dead in covered-up coal mine accident in China
Six people were killed in a coal mine explosion that had been covered up for 13 days in China's northeastern Heilongjiang Province, a provincial work safety official said today.
