MARKET EYE-Sesa Goa falls after SC panel's recommendations

Mon Dec 10, 2012 9:41am IST

Related Topics

Stocks

   

* Shares in Sesa Goa fall 2 percent after a panel
appointed by India's top court recommended scrapping 42 iron ore
mining leases in Goa state until mining companies submit plans
to deal with the environmental impact and the legal details
involved, a lawyer who attended the hearings said.
 
* Kotak Institutional Equities says, "Resumption of mining in
Goa could be a laboured affair and follow the footsteps of
Karnataka." 
* The research house adds that Sesa Goa stands to lose 9 percent
contribution to fair value due to this development, on a likely
production cap and delay in restart of mining.

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.reuters.com@reuters.net)
FILED UNDER:

Fast-tracking Projects

REUTERS SHOWCASE

Oil Prices

Oil Prices

Brent oil rises above $62 as energy firms slash investments  Full Article 

Space Programme

Space Programme

ISRO tests its heaviest space launch vehicle, eyes global market   Full Article 

Coal India Strike

Coal India Strike

Coal India workers threaten five-day strike, stokes output worries  Full Article 

Gold Discount

Gold Discount

Dealers offer gold discount for first time in five months  Full Article 

Lakhvi Granted Bail

Lakhvi Granted Bail

Pakistan court bails man accused of masterminding Mumbai attack  Full Article 

GST Bill

GST Bill

Cabinet clears bill for nationwide goods and services tax.  Full Article 

Aviation Sector

Aviation Sector

Breakingviews: SpiceJet rescue is no fix for India aviation woes.  Full Article 

Global Economy

Global Economy

Fed confident on U.S. growth, opens door wider to rate hike.  Full Article 

Reuters Poll

Reuters Poll

BSE Sensex to hit 32,980 by December 2015  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage