Metal and Mining

Development of an economy is reflected in the growth of its infrastructure.India is the fifth largest steel producer in the world and CIL being the largest coal producing company in the world, the potential for this sector to prosper in the future is enormous. However, the present political, economic and environmental situation is posing a serious challenge on these firms. Indian metal majors are facing demand and supply shortages due to various reasons viz., environmental issues, delay in approval, downturn of major world economies. Factoring all these issues in the valuation of firms is highly significant.  

Research article of Drishtee Capital :-

1. Mining & Metal Industry

            Author : Rashmi , VGSoM 2012-14
   

      2.   Capex in Indian metal sector
 
            Author : Deepan , VGSoM 2012-14

External Knowledge Sources:-

• Global steel industry 2013 : E&Y
• Indian steel sector outlook
• Steel sector outlook : CARE Research
• Indian Steel Sector 

News:-

January 2014:

• India’s ample steel supply meets weak demand 
• JSW Steel promoter hikes stake in company to 4.74%
  

June'13

• JSPL tanks 24% FIR due to coal scam
• Jindal steel says will co-operate CBI, Shares down

March'13

• Earning downgrade to continue : BOFA

• TSL’sDollor denominated bond in Europe

• Labrador iron in deal with TATA Steel  
  
  

Feb'13

• TataSteel to set up manufacturing unit in Rotherham 

• TSL Europe

Jan'13

• Tata Steel likely to raise Rs 1,500 cr via bond sale

Nov'12

• Indian Steel industry poised for major expansion

Oct'12

• Mining ban on Goa
• TSLEurope to invest 1.5bn Euro till 2015-16
  
  

Sept'12

• Impact of Goa’s mining ban on Sesa Goa 
• Impact on Sesa Sterlite 

July'12

• TSL’s Europe operations 

Q3 Results Overview :-

JSPL    : Profit seen down 

TSL      : Net loss soars

CIL       : Q3 up 34%

Sterlite   : Q3 up 41%