Sesa Sterlite Ltd (SESA.NS)
5 Mar 2015
** Jindal Steel and Power Ltd and Sesa Sterlite Ltd gain 1 pct each ** India re-examines coal mine bids amid reports of discrepancies ** Jindal Steel and BS Ispat and aluminium company Balco had won the bids for the three mines ** Sesa Sterlite holds 51 pct stake in Balco ** Religare says chances of cancelling the winning bids are negligible, unless some other irregularities are found ** Adds all the price bids were better than government's set price ** Says establishin
MUMBAI - The BSE Sensex and Nifty fell for the second straight session on Monday, dragged down by heavyweights such as Reliance Industries and financial stocks, as caution prevailed ahead of the budget due on Feb 28.
MUMBAI, Feb 23 - Indian shares recovered on Monday led by technology stocks on value buying while metals and mining companies such as Sesa Sterlite surged after the completion of first round of coal block auctions.
NEW DELHI - India is considering cutting the export duty for the low-quality iron ore produced by the country's biggest exporting state Goa, the mines and steel minister said, a move that could boost shipments to China and put more pressure on global prices.
** Sesa Sterlite Ltd falls as much as 2.8 pct on profit-taking, tracking lower global iron ore prices
** Chinese iron ore futures bounce back and on course for their second-biggest daily gain this year
MUMBAI, Jan 30 - India should take advantage of weak oil prices and shrinking budgets among majors to attract top flight oil services firms and improve its own skills and technology, the head of oil and mining firm Sesa Sterlite Ltd said on Friday.
MUMBAI - Sesa Sterlite Ltd said on Thursday it was taking steps to reduce operating and capital costs, the latest miner to address the impact of sharp falls in the prices of iron ore, crude oil and other commodities.
* Expects India to scrap duty on iron ore exports as early as Feb
MUMBAI - Sesa Sterlite Ltd said on Thursday the government could remove an iron ore export tax as soon as next month, and such a move would help the country's top private miner boost output after two years of mining bans.