16
Aug
01:00
Bhushan Steel expects coal block compensation after June quarter loss deepens
Troubled Bhushan Steel expects to receive compensation from the Indian government for the cancellation last September of two coal blocks previously allocated to the steelmaker that were under development.
This comes after the government passed earlier this year the Coal Mines (Special Provision) Act 2015, which stipulates compensation to parties affected by coal block de-allocation. “No effect has been taken by the company on the value of the investmen…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous