Mining Sector

Buy NMDC Ltd For Target Rs.120 - Motilal Oswal

Recovery in volumes and price a positive Maintain Buy on attractive valuation NMDC has cumulatively raised iron ore prices by INR400/t over Jul–Aug on impro..

Buy Coal India Ltd For Target Rs. 208 - Emkay Glob..

Outlook improving on month-onmonth basis; maintain Buy * Dispatches have increased for the fourth consecutive month in Aug’20 to 44mt (43mt in Jul, 42mt in Jun, ..

`Amendment to central act will help restart Goa mi..

Making suitable amendments to The Goa Daman and Diu Mining Concessions (Abolition and Declaration of Mining Leases Act, 1987, would help restart the mining industry in th..

Update On MOIL Ltd By HDFC Securities

Our Take: MOIL is a Schedule “A” Miniratna Category-I company engaged in the exploration, exploitation and marketing of manganese ore and products, such a..

Buy NMDC Ltd For Target Rs.132 - Motilal Oswal

Demerger of steel plant to unlock value Raised EPS estimates on favorable pricing environment * The proposed demerger of NMDC’s steel plant should unlock va..

Coal India aims to be commercially viable: Chairma..

Coal India Chairman Pramod Agrawal has said that the company envisions to be a commercially viable company. The Chairman's statement in the company's Annual Re..

Vedanta moves SC against Madras HC order on Sterli..

Mining company Vedanta on Wednesday moved the Supreme Court, challenging the Madras High Court order that rejected its plea to allow reopening of the Sterlite copper unit..

Metals and Mining Sector Update - Muted steel dema..

Muted steel demand to take toll on EBITDA/tonne…. The announcement of a nationwide lockdown in lieu of Covid-19 adversely impacted domestic steel demand in Q1F..

Ashapura Minechem Ltd Q1 net profit zooms 702.61% ..

The company reported standalone net profit of Rs 9.23 crore for the quarter ended June 30, 2020 as compared to Rs 1.15 crore in the same period last year, registering a y..

Metals & Mining Sector Update - Q1 preview: Triple..

Q1 preview: Triple whammy-Vol, ASP and Mix; non-ferrous to standout * During the quarter, most companies reduced production as domestic demand tumbled. Pricing took a ..

NMDC sees record jump in iron ore production, sale..

Mining major NMDC, India's largest iron ore producer and a diversified Navaratna PSU, recorded a sharp rise in its overall production and sales in July as compared t..