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ORISSA MANGANESE
Operational creditor takes Orissa Minerals Development Company to NCLTThis is the second time that the Corporate Insolvency Resolution Process (CIRP) under the provision of IBC, 2016, has been initiated agains...- Lenders accept misra & sons’ bid for Orissa ManganeseThe others are Zion Steel, Adhunik Metalliks and Adhunik Alloy & Power. Ghanashyam Misra will retain debt of Rs 150 crore in the mining uni...
- Adhunik group company gets new life after NCLT orderThe corporate borrower has a mining lease at Patmunda Manganese Mines, which helps the company being run as a “going concern”, a key factor...
- NCLT issues moratorium order against Orissa Minerals Development CoThe company said that NCLT had issued the moratorium order for starting the corporate resolution process following the petition filed by Or...
- Edelweiss ARC makes Rs 325 crore top bid for Orissa Manganese & MineralsEdelweiss ARC was the sole bidder for the other two companies – Zion Steel and Adhunik Metaliks.
- Adhunik Alloys gets four resolution plansThe four companies face claims totalling Rs 14,185 crore.
- Adhunik Metaliks surges nearly 20%, scrip hits upper circuitShares of Adhunik Metaliks surged nearly 20 per cent today after its wholly-owned subsidiary Orissa Manganese & Minerals was granted extens...
- Adhunik Metaliks to consider debt restructuring tomorrowEarlier this week, the company had said that its debt restructuring would extend to Orissa Manganese & Minerals Ltd with which it is to be ...
- Adhunik group to divest up to 26% in Orissa Manganese and MineralsAdhunik group, with interests in mining, special automotive steels and power, has decided to divest up to 26% stake in group company Orissa...
- OMDC suspends operations at Kolha Roida and Dalki minesOMDC today said it has suspended operations at its Kolha Roida and Dalki mines after not getting permission to lift ore from the mines.
- Adhunik Metaliks can count on higher steel output to boost revenueThe glut of selling in the market since the beginning of August shaved off 24% of the market capitalization of Adhunik Metaliks.
- Growth in auto, engineering, oil & gas augurs well for AdhunikThe stock of Adhunik Metaliks has gained 21% since its third quarter results were announced a fortnight ago. The higher gain made by the st...
- Seven mine mafias held in OrissaSeven vehicles, including 5 iron ore and manganese laden dumpers bound for Jharkhand from Khandabandh and Bansapani mines in the district, ...
- ET Ferro Alloy: Against all odds, Hira GroupAt the right angle to horizon in the Ferro Alloys Industry in India in this decay and further increasing new capacities are coming up in In...
- Power, mining to drive Adhunik's numbersThe stock of Kolkata-based steelmaker Adhunik Metaliks has outperformed the Sensex over the past one year.
- Naveen Patnaik under pressure to come clean on mining scam issueThe Naveen Patnaik government has started taking the multi-crore mining scam issue seriously by taking help of latest technology and punish...
- Orissa mines director R N Sahoo suspendedOrissa government on Wednesday put under suspension director of state mines department R.N. Sahoo in connection with multi-crore mining sca...
- Maithan Alloy to invest Rs 350 crore for expansionMaithan Alloy Ltd on Wednesday said it would invest Rs 350 crore for setting up two greenfield manganese alloy plants to meet the growing d...
- Nirmal Bang puts 'buy' on Adhunik MetaliksNirmal Bang Securities has initiated cover on Adhunik Metaliks Ltd. with a 'BUY' rating for target price of Rs 235 over a period of 18 mont...
- Religare assigns ‘buy’ to Adhunik MetaliksReligare has initiated coverage on Adhunik Metaliks with a buy recommendation for a target price of Rs 246.
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