Sets 25% higher production target in FY20 ; Revenue target at Rs 2000 crore.
For the full year, net profit for FY19 stood at Rs 261 crore, 34% lower compared to FY18.
In a statement issued SAIL said fire tenders were immediately rushed to the site and the fire has been controlled.
The company also said it is keen on other emerging opportunities in key minerals which has potential to deliver the long term benefits.
The company has a distribution network comprising over 5,200 dealers and retailers in the states of West Bengal, Bihar, Jharkhand & Orissa.
The license of about 288 merchant mines will expire by March 2020, out of which 59 mines are under operations, according to Ind-Ra’s assessment.
Measures to tackle the NBFC crisis, relaxation in bank borrowing norms, boost to capital market activity and larger public infra spends top the wish list of corporates’ expectations from the new government.
Agnivesh Agarwal joined Talwandi Sabo Power Limited (TSPL) as Director and Chairperson of the Company effective from 27th April, 2019.
The rating action follows Tata Steel's announcement on May 10 that it has decided against going ahead with a planned divestment of its European steel operations under TSUKH.
The steel major's Indian operation will largely be able to offset the impact of the collapse, S&P said.
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