In a boost to domestic manufacturing of earth-moving equipment used in mines, Coal India Ltd has decided to phase out imports over a period of 5-6 years, the Coal Ministry said on Monday.
According to the government, Coal India imports high-capacity equipment such as electric rope shovels, hydraulic shovels, dumpers, crawler dozers, drills, motor graders, front-end loaders wheel dozer, continuous miners equipment and others worth around Rs 3,500 crore and pays Rs 1,000 crore as custom duty...
Coal India to phase out import of mining equipment costing Rs 4,500 crore
Vedanta Ltd. has the best dividend yield in the last 12 months among large cap stocks at 26 per cent.
As per a report by Axis Securities, it is followed by Hindustan Zinc at 24 per cent, Coal India at 10 per cent, ONGC at 8 per cent and Power Grid, Tata Steel, GAIL, Tech Mahindra and Piramal Enterprises at 5 per cent.
Among the mid cap companies, REC has the best dividend yield at 10 per cent, followed by Sanofi at 9 per cent, Oil India at 8 per cent.
Among the small cap companies, T...
Vedanta has best dividend yield among large cap stocks
