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On a Positive Note
The 13th International Mining and Machinery Exhibition 2016 (IMME 2016) held during November 16-19 concluded with a positive note on a possible turnaround of Indian mining industry in the coming years. The 13th Global Mining Summit (GMS) 2016 also held concurrently with the IMME 2016.
Industry?s Take
In India, largely the coal produced is consumed locally, and not exported. Coal India is not able to reach their target of coal production. For higher production and for meeting the target, they need good machines.
Poised for Major Expansion
Bharat Wire Ropes Ltd (BWRL), an established player in the wire ropes manufacturing sector, reached yet another milestone in its 30 year sojourn - the realisation of its new greenfield project in MIDC, Chalisgaon, Maharashtra, with a capacity of 66,000 MTPA.
BWRL to raise Rs 70 cr for new plant
Bharat Wire Ropes Ltd (BWRL) entered the capital markets with its initial public offering (IPO). The IPO consists of public issue to raise up to Rs 70 crore.