The Telegraph
Monday , June 6 , 2016

Trade Talk

SAIL in red

SAIL suffered a net loss of Rs 4,137 crore during 2015-16 while it had earned a net profit of Rs 2,093 crore in 2014-15. SAIL’s audited financial results  for 2015-16 were taken on record by its board of directors in New Delhi on May 30. A news release issued by SAIL’s research wing RDCIS in Ranchi said it was due to less net sales realisation, higher interest and depreciation charges. Net loss after tax in the fourth quarter of 2015-16 was Rs 1,230 crore while it had earned a profit after tax of Rs 334 crore in the same period of 2014-15. Sale turnover during the fourth quarter of 2015-16, however, jumped to Rs 12,612 crore from Rs 9,928 crore in the quarter before, which indicated the domestic steel industry was getting some respite

Land meet

Fifty executives of Coal India subsidiaries of Eastern Coalfields Ltd (ECL), Bharat Coking Coal Ltd (BCCL) and Central Coalfields Ltd (CCL), took part in a session on land acquisition at Indian Institute of Coal Management (IICM), Ranchi, on June 2. The interactive session aimed to educate officials about  laws, particularly the Right to Fair Compensation and Transparency in Land Acquisition and Rehabilitation and Resettlement Act, 2013 

Power acquisition

Tata Power Renewable Energy Limited (TPREL), a cent per cent subsidiary of Tata Power, on May 23 acquired 100 per cent shareholding in Indo Rama Renewables Jath Ltd (IRRJL), a subsidiary of Indo Rama Renewables Ltd (IRRL). IRRJL has a 30MW operating wind farm in Sangli, Maharashtra, fully operational since July 2013. With this acquisition, Tata Power’s generation capacity is now 9,213MW and operating non-fossil based capacity 1,704MW

Safe drinking water pat for Jusco

Jusco, a Tata Steel subsidiary, was conferred with the Smart Water Project Awards for achieving significant excellence in providing safe and clean drinking water to Jamshedpur at the Smart Cities India Expo, 2016, held in New Delhi on May 23. Organised by Exhibitions India Group, the award recognises pioneering projects that aim to make cities more liveable

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