Tag «power»

Mechel Announces Management Changes

Moscow, Russia — March 13, 2013 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces a new executive appointment. Andrey Kocherov, 39, is appointed Mechel OAO’s Vice-President for Public and Investor Relations. Mechel OAO’s Chief Executive Officer Evgeny Mikhel noted: “We gladly welcome Andrey Kocherov to our company’s team. …

PM’s Closing Remarks at 57th Meeting of NDC

Following are the Prime Minister, Dr. Manmohan Singh’s closing remarks at the 57TH meeting of National Development Council in New Delhi today: “We have had a very full and long day of deliberations. I thank all Chief Ministers for complying with the electronically imposed time limit. Had they not complied with the limit, we would …

Mechel Reports 9M 2012 Operational Results

Moscow, Russia – October 29, 2012 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces 9M 2012 operational results. Production and sales for 9M 2012 Production: Product name 9M 2012, thousand tonnes 9M 2011, thousand tonnes  9M 2012 vs 9M 2011, % Coal (run-of-mine) 20,794 19,813 +5 Pig iron 3,107 2,672 +16 Steel …

Government Aims to Provide Power at Reasonable Rate to All Citizens

Minister for Power, Dr. Veerappa Moily today said, the power sector is endeavoring to meet the challenges of providing adequate power needed to fuel the growing economy of the country. In the present scenario, it is essential that development of the power sector should be commensurate with the overall economic growth of the nation. The Government is striving to …

Mechel Announces Obtaining 24-Billion-Ruble Loan

Moscow, Russia – October 15, 2012 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, reports signing long-term agreements with Sberbank of Russia OAO on opening several credit lines to Southern Kuzbass Coal Company OAO for a total of 24 billion rubles. Sberbank of Russia OAO opened four credit lines …

Mechel Wins Award for Developing Elga Coal Deposit

Moscow, Russia – October 12, 2012 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces that its subsidiary Mechel Mining OAO won the Minex-2012 Mining Excellence Award’s Investor of the Year nomination for implementing the project on development of the Elga coal deposit. The award committee’s independent experts evaluated …

Mechel Announces Signing Cooperation Agreement with Russia’s Economic Development Ministry

 Moscow, Russia – October 12, 2012 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, reports signing an agreement with the Russian Federation’s Economic Development Ministry for cooperation aimed at support and development of the Group’s external economic operations. Within this agreement’s framework, the Economic Development Ministry will lend its …

Government notifies scheme for Financial Restructuring of State Owned Distribution Companies

The Government has notified a scheme for Financial Restructuring of State Owned Distribution Companies (Discoms) on 05.10.2012. The scheme contains various measures required to be taken by State Discoms and State Governments for achieving the financial turnaround of the Discoms by restructuring their debt with support through a Transitional Finance Mechanism by Central Govt. The …

Government to provide 24 hours electricity to all households in the country in the next 5 years, says Prime Minister

Prime Minister, Dr. Manmohan Singh today said the government aims to provide 24×7 electricity to all households in the country and affordable access to electricity in the next 5 years. One million households in India are now using decentralized solar energy to meet their lighting energy needs, said the Prime Minister. Government is also striving …