Sunday, June 26, 2022
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This PSU has resumed diamond mining after green signal from forest

NMDC's forest department clearance for mining diamonds in Panna, Madhya Pradesh had been ceased on December 31, 2020 which resulted in halt of mining operations

Disinvestment: Baghel asks Centre to not disinvest NMDC’s Nagarnar plant, says will buy if disinvested

The state Assembly of Chhattisgarh has passed a resolution unanimously for the state government to purchase NMDC Nagarnar Steel Plant if the Centre disinvests it

2,000 steel PSU executives hold candle march to protest against DA freeze order

Around 2,000 executives across steel PSUs in India took to the streets on Nov 25, holding candles, to protest against the government’s DA freeze order

Cabinet approves strategic disinvestment of NMDC’s Nagarnar Steel Plant

The CCEA has given its ‘in-principle’ approval to the demerger of Nagarnar Steel Plant from NMDC Ltd. and the strategic disinvestment of the demerged company

Centre okays transfer of Rs 11.63 cr to Jharkhand for 2 mines allotted to NMDC & JSMDC

The government approved the transfer of Rs 11.63 crore to Jharkhand as first instalment of upfront payment arising out of the allocation of two coal blocks

Iron ore output to fall in FY21 due to delay in mine operationalisation: NMDC CMD

NMDC CMD has said that iron ore production in FY21 is expected to decline significantly due to the delay in operationalisation of auctioned mines in Odisha

NMDC offers employment to NINL staff on deputation basis at its Nagarnar plant

NMDC Limited has offered to take NINL employees “on loan basis” for its iron and steel plant in Nagarnar, Chhattisgarh

Steel PSUs executives’ body urges Pradhan to merge NINL with SAIL or RINL

SEFI has written a letter to Dharmendra Pradhan, urging him to consider merging Odisha-based NINL with either SAIL or RINL

NMDC denies Chhattisgarh govt disallowed ops due to absence of iron ore storage licence

NMDC has denied media allegations that the government of Chhattisgarh disallowed NMDC to carry out Iron Ore storage, loading operations at its Bailadila mines in Dantewada district

Expect upto 50% dividend from these 7 cash-rich PSUs

Cash-rich entities had a cumulative cash balance of Rs 54,235 crore at the end of March last year. The list includes Coal India, HAL, NMDC, RITES, Engineers India Ltd (EIL), NBCC and MOIL

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