iron ore


Abolish export duty on medium grade iron ore: Parrikar

Jan 19 2018

Goa Chief Minister Manohar Parrikar demanded the abolition of export duty on medium-grade iron ore with a Fe (ferrous) content of upto 60 percent.

Mines Min Tomar reviews iron ore production in Odisha

Jan 16 2018

Narendra Singh Tomar asked operating mining companies in Odisha to increase output within permissible ceilings to ensure supplies to steel companies.

Mesco Steel seeks govt nod to sell Rs 300 cr ore lying at mine

Jan 12 2018

Mesco Steel requested the Odisha government to allow the company to sell the extracted iron ore estimated at Rs 300 crore at its Roida mine in the state.

Australia forecasts 20% iron ore price drop in 2018

Jan 08 2018

Australia said it expects iron ore prices to average $51.50 a tonne this year, because of rising global supply and moderating demand from China.

Iron ore price hike forces steel cos to pass on cost: Jindal

Jan 04 2018

 A hike in iron ore prices by state-run NMDC has left steel companies with no choice but to pass on the increased production cost to customers,Jindal said.

Odisha to meet output target despite mine closures

Jan 02 2018

India’s top iron ore state is likely to produce 100 mn tonnes of ore in the 2017/18 fiscal year, despite authorities ordering the closure of some mines.

Major Ports' cargo traffic up 3% at 383 MT in Apr-Oct FY18

Nov 26 2017

The country's top 12 major ports witnessed 3.26 pc rise in cargo traffic to 382.91 MT during Apr-Oct period, mainly due to pick up in iron ore demand.

Goa seeks export duty exemption for 58-60 grade iron ore

Nov 02 2017

The Goa government has approached the Union Ministry of Mines, seeking an exemption from the export duty on 58-60 grade content iron ore.

Rio Tinto iron ore shipments climb on rail upgrade

Oct 17 2017

Global miner Rio Tinto said it had lifted its third quarter iron ore shipments by 6 percent after modernizing its haulage railway in Australia’s outback.

India's iron ore output at over Rs 18K cr in Jan-July period

Oct 15 2017

According to official data, India produced Rs 18,396 crore worth of iron ore during the first seven months of this year.

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EBITDA at Rs 1462 Cr Vs Rs 475 Cr, up 3x

EBITDA margins at Rs 95% vs 93.5%

PAT Rs 842 Cr vs Rs 99.3 Cr, up 8x

All results are Consol & comparable YoY


PAT at Rs 57 Cr vs 51 Cr up 11.8%

NII at Rs 250 Cr vs 209 Cr up 19.6%

Non-Interest Income at Rs 75 Cr vs 64 Cr, up 17.2%

Operating Profit at Rs 123 Cr vs 109 Cr, up 12.8%

Net Interest Margin at 4.12% vs 3.95% YoY

All results are comparable YoY


Net Sales up 36% at Rs 214.5 Cr Vs Rs 157.6 Cr

EBITDA up 3.1x at Rs 59.8 Cr Vs Rs 19.4 Cr

EBITDA Margin at 27.9% V 12.3%

Net Profit up 3.3x at Rs 36 Cr Vs Rs 11 Cr

Other Income up 36% at Rs 11.7 Cr Vs Rs 8.6 Cr

All figures are standalone and comparable YoY


Net Sales up 6.9% at Rs 254.8 Cr Vs Rs 238.4 Cr

EBITDA up 80% at Rs 70.1 Cr Vs Rs 39 Cr

EBITDA Margin at 27.5% vs 16.4%

Net Profit up 2.3x at Rs 43.2 cr vs Rs 18.8 cr

All figures are comparable YoY


AUM at Rs 44971 Cr Vs Rs 37505 Cr, Up 20%

Disbursements at Rs 5731 Cr Vs Rs 4812 Cr, Up 19%

Total Income at Rs 1411 Cr Vs Rs 1134 Cr, Up 24%

Calc NII at Rs 645 Cr Vs Rs 419 Cr, Up 54%

PAT at Rs 105 Cr Vs Rs 67 Cr, Up 56%

All results are comparable YoY

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