You are here: Home >> English News & Features >> BUSINESS & ECONOMY

Revival of Essar Steel may face hurdles

DNMUM400825 | 11/15/2017 | Author : Ateeq Shaikh | WC :397

Mumbai: Naxalites puncturing Essar Steel’s slurry pipeline, unavailability of gas at viable prices and lack of long-term funds are three crucial roadblocks that bidders for the company will have to face to save it from its current financial mess.
Ever since the company was referred to National Company Law Tribunal (NCLT), its production, as well as profits, have taken a plunge.
The production, which was at 1.57 million tonne in the first quarter of this fiscal, has fallen to 1.33 million tonne in the July-September quarter, a drop of 15%. Similarly, the operating profit, which was at Rs 297 crore in April this year, dropped to Rs 113 crore in July.
Senior company officials are of the opinion that the operating profit would drop
Read full story

Copyright restricted. Under license from   
Add To Lightbox
Calculate Price


Infra spend spurs cement revival
DNMUM418533 | 7/20/2018 12:00:00 AM | Author : Sumit Moitra | WC :686

Kolkata: Investment in infrastructure by states as well as the Centre coupled with boost for the low-cost housing assets have triggered a revival in demand for cement since the start of the second half of the previous financial year and the tem
Add To LightboxCalculate Price

Ensuring quality power a challenge
DNMUM418536 | 7/20/2018 12:00:00 AM | Author : Edit | WC :224

Rising coal prices coupled with jump in summer time demand for electricity have strained the quality of power available in several parts of the country. June has seen the national peak demand touching 170 GW on June 23 about 13% more than
Add To LightboxCalculate Price

Mumbai Monorail to chug, but at a higher cost
DNMUM418537 | 7/20/2018 12:00:00 AM | Author : Ateeq Shaikh | WC :612

Mumbai: The agreement reached between Larsen & Toubro-Scomi Engineering (LTSE) consortium and Mumbai Metropolitan Region Development Authority (MMRDA) on Mumbai Monorail project has come at a cost.
MMRDA has agreed to pay a higher per-trip cost to
Add To LightboxCalculate Price

Esops of unlisted firms turn investment fable for HNIs
DNMUM418538 | 7/20/2018 12:00:00 AM | Author : Priya Nair | WC :660

Mumbai: When Flipkart employees land a windfall after Walmart seals the buyout deal, they may find investors waiting to buy their Esop fortune.
While shares of unlisted companies have always been on the radar high networth and ultra-high networth
Add To LightboxCalculate Price