Govt Enforces ‘Melt and Pour’ Rule for All Steel in Public Projects Nippon Steel expected to finalize U.S. Steel acquisition at $55 per share NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
Prakash Industries paid ₹33 cr for the Bhaskarpara Coal Mine in Chhattisgarh, propelling a 5% rise in shares to ₹210. The company updated on the mine's progress, making a payment to the Forest Department for non-forestry land use and wildlife conservation. Having received regulatory nods, Prakash Industries paid ₹23 cr for diverted forest land and ₹35 cr for compensatory afforestation. The mine's development is advancing swiftly, securing In-principle Stage-1 approval and Environmental Clearance. The Mining Lease is expected to be finalised this quarter, marking a significant milestone.
Also Read : NALCO Q3 net profit climbs to ₹488 cr, up 137% Ola narrows loss by 65 per cent to ₹1,082 crore in FY23
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