Need level playing field in MMDR Ordinance: JSW Steel

Written By Unknown on Senin, 19 Januari 2015 | 21.03

Seshagiri Rao says there are captive mines that are already available free of cost and will get extended for may be 15 years.

Steel major  JSW Steel has welcomed the changes made to the mines and minerals act. In an exclusive conversation with CNBC-TV18, Seshagiri Rao, Joint MD and Group CFO of JSW Steel said that the auction route, as envisage by the reworked law, will help in transparent allocation and price discovery of minerals. However, he also raised some concerns.

According to Rao, there is a level playing field in the market place for the unregulated sector that everybody has to pay to participate in the auction and get the coal mines but there is no similar provision in the Mines and Minerals Development and Regulation (MMDR) amendment bill. 

He says there are captive mines that are already available free of cost and will get extended for 15 years, maybe up to 2030.

"Whereas other companies in the unregulated sector like steel, steel prices are market driven and so, they have to pay in the e-auction and also compete in the market place. There should be a mechanism by which this anomaly should get addressed.

JSW Steel stock price

On January 19, 2015, JSW Steel closed at Rs 976.40, down Rs 2.2, or 0.22 percent. The 52-week high of the share was Rs 1365.35 and the 52-week low was Rs 805.00.


The company's trailing 12-month (TTM) EPS was at Rs 124.82 per share as per the quarter ended September 2014. The stock's price-to-earnings (P/E) ratio was 7.82. The latest book value of the company is Rs 970.48 per share. At current value, the price-to-book value of the company is 1.01.


Anda sedang membaca artikel tentang

Need level playing field in MMDR Ordinance: JSW Steel

Dengan url

http://kebugaranhidup.blogspot.com/2015/01/need-level-playing-field-in-mmdr.html

Anda boleh menyebar luaskannya atau mengcopy paste-nya

Need level playing field in MMDR Ordinance: JSW Steel

namun jangan lupa untuk meletakkan link

Need level playing field in MMDR Ordinance: JSW Steel

sebagai sumbernya

0 komentar:

Posting Komentar

techieblogger.com Techie Blogger Techie Blogger