State-owned NMDC has reported a 15 per cent rise in its iron ore production and 3 per cent growth in sales of the mineral in April.
With this incident, 154 Naxalites have been gunned down by the security forces in different encounters in Chhattisgarh so far this year, the police said.
NMDC reported a strong standalone revenue at Rs 5,410 crore, rising 45 per cent year-on-year (Y-o-Y) and 35 per cent quarter-on-quarter (Q-o-q) in line with consensus. Iron ore sales at about 11.4 million tonnes (MT) grew 18.9 per cent Y-o-Y (19 per cent Q-o-Q). Realisation stood at Rs 4,679 per tonne, higher by 22 per cent Y-o-Y (12.9 per cent Q-o-Q).
Its 11MFY24 production is around 40.2 mt. In FY25, it could hit 50 mt and it may reach 55 mt by FY26. The PSU has capex plans for multiple projects, which should improve the product mix and augment capacity to 100 mt for FY30.
Naxals looted six automatic weapons -- two AK-47s and as many INSAS and self loading rifles -- of the deceased personnel.
Six security personnel were killed and eight injured in back-to-back attacks by Naxals in insurgency-hit districts of Chhattisgarh, which has seen a string of strikes by the red ultras in the past three days.
The Kirandul-Vishakhapatnam passenger train derailed at around 0600 hours, 45 minutes after it left Kirandul railway station and was approaching Bhansi railway station, police officials told PTI.
Three Naxals were arrested on Tuesday and a cache of arms, ammunition and electronic gadgets seized after security forces busted a Maoist transit camp in Chhattisgarh's Kanker district, the police said.
Chief Minister Raman Singh tells Devjyot Ghoshal that the pressure created by the state's security apparatus in the last few years has created a situation where the development agenda can now take centre stage. But the actual turnaround in the situation will only come in the next three-four years.
Seven persons, including six jawans of the Central Industrial Security Force were killed on Sunday night in an ambush by Naxals in Chhattisgarh's Dantewada district.
A day after six Central Industrial Security Force jawans and a civilian driver were killed in the Naxal attack in Dantewada district, the police on Monday intensified combing operation in the region.
May take Rs 1,000-crore hit to re-route country's longest slurry pipeline
The Maoists also looted 14 Self Loading Rifles, one 9 mm pistol, two wireless sets and huge amounts of explosive material, including detonators and fuses, stocked by the PSU for its own mining activities.
Naxals allegedly set on fire a conveyor belt of National Mineral Development Corporation in Chhattisgarh's Dantewada district in the wee hours on Wednesday causing production disturbance to the tune of 40,000 tonnes.
Prime Minister Narendra Modi strongly condemned the attack.
At $12-bn valuation, this will be India's largest FDI; deal to be announced on Saturday, says Dev Chatterjee.
Ruias to sell Essar Steel stake to strategic partners.
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