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Dalmia Cement to set up cement plant in Kattamateru
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42 coal blocks auctioned till date for commercial use: Centre
A total of 42 coal mines had been auctioned for commercial mining till date, according to the administration.
According to a statement from the coal ministry, ten coal mines were auctioned this week under the third tranche of the said blocks. A total of 42 coal mines, including mines auctioned in third tranche, have been successfully auctioned under the commercial coal mining auction procedure, with a total cumulative peak rate capacity (PRC) of 86.404 million tonnes per annum (mtpa), according to the announcement. The ministry estimates that the 10 blocks sold this w..
Dalmia Cement becomes highest bidder for Jharkhand’s 2 coal blocks
Dalmia Cement Bharat Limited (DCBL), a subsidiary of Dalmia Bharat Limited, has emerged as the highest bidder for Jharkhand ‘s two coal blocks that were auctioned for commercial usage.
On Tuesday, the Ministry of Coal told the media that Mahanadi Mines and Minerals Pvt Ltd appeared as the highest bidder for a coal block in Odisha, Yazdani Steel And Power Limited, was the highest bidder for another coal mine in the eastern state. Assam Mineral Development Corporation Limited was the highest bidder for a mine in Assam. Five coal mines were placed for auction on the first d..
Shree Cement incurs Rs 6.62 billion profit for Q4; beats expectations
Shree Cement, India's third-largest cement manufacturer by market capitalisation announced a fourth-quarter profit that exceeded, attributing it to increased volumes driven by lower cement prices. Typically, cement companies witness a surge in volumes in the March quarter as they reduce prices to clear year-end inventory backlogs.
Analysts had anticipated that reduced fuel costs would partially offset the decline in prices. Shree Cement's profit for the quarter ending March 31 reached Rs 6.62 billion, surpassing street forecasts of Rs 6.20 billion, as per LSEG data. This marked a si..
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