The Mumbai Bench of the National Company Law Tribunal (NCLT) on Tuesday gave its approval to Vedanta Limited's demerger proposal, clearing the way for the group to reorganise its operations into five distinct, sector-specific entities.
National Aluminium Company Ltd, the largest alumina-aluminium producer and exporter of the country, has planned a Rs 4000-crore investment in capacity expansion.
A meeting of the board of directors of National Aluminium Company Ltd is scheduled to be held on January 30 to consider and take on record the unaudited financial results (provisional) for the three months ended December 31, 2002.
India's second-largest aluminium maker National Aluminium Company Ltd will take more time to complete an expansion of its smelter due to a delay in the arrival of some machines and equipments, a top industry source said on Wednesday.
The policies of the Indonesian government and a volatile political situation in Iran are keeping the aluminium major from setting up its plants entailing an estimated investment of over Rs 20,000 crore (Rs 200 billion), NALCO CMD C R Pradhan told PTI during his recent visit to Kolkata. Nalco was aiming to ramp up its production capacity to 2,10,000 tonnes per annum for the current fiscal. In 2010-11, the capacity would be scaled up to 2,60,000 tonnes.
National Aluminium Company Ltd has won the Engineering Export Promotion Council's All India Export award in the "star performer" category for 2005-06, the firm said on Friday.
The finance ministry's proposal to off-load a small part of the government equity in National Aluminium Company Ltd has been rejected by the administrative ministry.
The National Aluminium Company Ltd has earned a profit after tax of Rs 520.92 crore (Rs 5,209.2 million) during 2002-03, according to the company's chairman-cum-managing director C Venkataramana.
The details of the project are yet to be worked out by the two companies.
National Aluminium Company of India Ltd has posted a net profit of Rs 1276.70 million for the quarter ended December 31, 2002 as compared to a net profit of Rs 1101.90 million in the corresponding period last fiscal.
India and the visiting US officials have decided to hold a wrap-up session on Saturday morning to conclude the three-day talks on the proposed bilateral trade agreement, government sources said. They said the discussions are at a "very" early stage.
Faced with one setback after another in expanding the scope of mining in the country, almost all the major miners of the world have wound down their operations in India.
The three-judge arbitration panel set up to resolve the controversy over the sale of the government's residual 49 per cent stake in Sterlite-controlled Bharat Aluminium Company Ltd has decided to meet in August, raising hopes of a resolution to the five-year-old dispute.
Analysts said the higher capex by PSUs, along with government spending, could trigger a capex revival for the corporate sector by the second half of FY17
There are 30 listed PSUs in which the public holding is less than 25%.
New Delhi has missed its target for partial privatisations for the past five years
Modelled loosely around the National Highway System of the US, he in 2001 launched the Golden Quadrilateral and the North-South & East-West Corridor projects to build 4/6 lane highways between four top metropolitan cities of Delhi, Mumbai, Chennai and Kolkata as well as from Srinagar to Kanyakumari and Porbandar to Silchar.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
The interim free trade agreement between India and Australia will come into force on Thursday, providing duty-free access to thousands of domestic goods such as textiles, and leather in the Australian market. The agreement will help almost double the bilateral commerce to $45-50 billion in around five years, according to exporters and industry players. The Economic Cooperation and Trade Agreement (ECTA), which was signed on April 2, would provide duty-free access to Indian exporters of over 6,000 broad sectors, including textiles, leather, furniture, jewellery and machinery in the Australian market.
The amount is around a fifth of the cumulative investment in fixed assets by these companies.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Companies are drawn to the parks by the infrastructure and ready-to-occupy land.
The hike in clean energy cess is likely to impact input cost for thermal power producers
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The statement comes in the wake of reports that warned of power crisis looming large due to the coal shortage in the country.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Though the NDA government had been trying to privatise 20 companies, a decision for which was taken in 2017, and included national carrier Air India, the investor community evinced little enthusiasm for any of them. Now, with an in-principle approval for privatisation of BPCL, CCI and SCI, the government has taken the plunge again.
In a few years there may be 100 Japanese companies in Gujarat, while Chinese firms may commit investments of over Rs 6,000 crore.
'By not only decriminalising routine business failures, but by ensuring that institutional lending and corporate rescue frameworks are strengthened via the IBC, the prime minister has ensured there is no room anymore for the proverbial 'reckless, prodigal debtor',' notes Sanju Verma.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The Supreme Court has dismissed the appeal of ACC Cement, ruling that if a product is manufactured by one firm and sold by another with the latter's brand name, that sale would attract sales tax, not the first transaction.
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Benchmark share indices ended lower on profit taking after they touched record highs in the previous session.
It is hoped that the decision of India's apex court will send a signal to politicians and their cronies from the world of business that the rule of the law does eventually prevail, says Paranjoy Guha Thakurta.
An excerpt from Conde Nast India's Make In India magazine.
The defence ministry needs to focus keenly on "Made in India" projects without being distracted by "Make in India" slogans, says Ajai Shukla
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