18 Jun 13
The Ministry of Coal (MoC) has issued showcause notices to two more coal blocks in Odisha over delay in developing the mines, continuing its crackdown on non-serious allocatees.
30 May 13
The company had reported standalone net profit of Rs 83.09 crore in the corresponding period of 2011-12. It did not publish the consolidated results for the last quarter.
15 Nov 12
Steel and power producer Monnet Ispat and Energy's standalone net profit declined by 7.34% at Rs 71.29 crore in the second quarter of the current fiscal on higher finance costs and tax expenses.
05 Oct 12
At a time when the mining sector in Karnataka seems to be getting back on track, the steel sector faces another hurdle—pricing.
15 May 12
Monnet Ispat and Energy on Monday reported a nine per cent rise in net profit at Rs 83 crore for the fourth quarter ended March, 31, buoyed by an 22 per cent increase in total income.
21 Nov 11
Monnet Ispat and Energy reported a net profit of Rs 76.94 crore for quarter ended September 2011, as compared to net profit of Rs65.60 crore for the same period last year.
02 Aug 11
Monnet Ispat & Energy (MIEL) today reported a marginal rise in its first quarter net profit at Rs 73.15 crore, driven by better prices of sponge iron, a raw material for steel making.
12 May 11
The company had achieved a net profit of Rs 72.4 crore for the same period in 2009-10, the company said in a filing to the Bombay Stock Exchange.
25 Mar 11
In a move to consolidate its coal linkages, Monnet Ispat and Energy, has completed the acquisition of Indonesia-based coal company – PT Sarwa Sembada Karya Bumi – for $24 mn earlier this week.
23 Mar 11
Monnet Ispat & Energy, flagship company of the Monnet Group, has bought a 65-million tonne coal mine in Indonesia for $24 million (Rs 290 crore). And, it is in talks to buy another coal mine, beside looking to set up power plants, in that country.
21 Mar 11
Monnet Global (MGL), a wholly owned subsidiary of Monnet Ispat and Energy, has acquired a 100 million tonne Indonesian coal company, PT Sarwa Sembada Karya Bumi at $24 million, the company said in a release.
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