The Vedanta Group company Sterlite has said it would move the Supreme Court to implement the NGT order to reopen its copper plant in Tuticorin. “The honourable Madras High Court, Madurai Bench, Friday issued...
NCLAT stays insolvency process order against Eastern Coalfields
The National Company Law Appellate Tribunal (NCLAT) has issued a stay order against the National Company Law Tribunal (NCLT)’s order asking for the initiation of corporate insolvency resolution process against Coal...
China’s Tianqi says stake in Chile lithium miner SQM good for both firms
The chief executive of China’s Tianqi Lithium Corp said she believes investing in Chile’s lithium miner SQM will bring “long-term benefits” for both companies, despite strict conditions set for its involvement by local...
CCI dismisses complaint against Coal India, its subsidiary
The Competition Commission of India (CCINSE 0.00 %) has dismissed a complaint against state-owned Coal India NSE 0.12 % and its subsidiary, Western Coalfields, alleging unfair business practices regarding fuel supply...
GFG Alliance to buy outstanding stock in KCI for $320 million
Metals and engineering conglomerate GFG Alliance will be buying all outstanding stock in Keystone Consolidated Industries (KCI) from Contran Corporation for a consideration of $320 million (Rs 2,252 crore) via its group...
Liberty House keen to resolve issues in Amtek, Adhunik deals
Despite reports that Adhunik Metaliks and Amtek Auto will head into liquidation after Liberty House missed deadlines to make payments to the Committee of Creditors, the global commodities company led by London...
Hindalco to invest $180 million in Brazil, close Aleris deal by April
Aditya Birla Group-owned Hindalco Industries Ltd, India’s largest aluminium producer, plans to invest around $180 million to expand its rolling capacity in Brazil by 100-kilo tonne (KT), managing director and chief...
JSW Steel takes over Dolvi Minerals and Metals for Rs 109 crore
JSW Steel has taken over Dolvi Minerals and Metals by buying the remaining 60% of its share capital for Rs 109 crore, the company informed the stock exchange on Wednesday. With 40% already owned by JSW Steel earlier...
Arconic weighs $11 billion offer from Apollo – sources
Aluminium products maker Arconic Inc’s board of directors is mulling an $11 billion acquisition offer it received last Friday from buyout firm Apollo Global Management LLC, according to people familiar with the matter...
Large private equity consortium forms for Arconic bid – sources
Blackstone Group LP, Carlyle Group LP, Onex Corp and Canada Pension Plan Investment Board have joined forces in a bid to acquire aluminum products maker Arconic Inc, according to people familiar with the matter. Such...
Anil Agarwal succeeds with Vedanta Resources buyout
Anil Agarwal, Vedanta Resources chairman is set to take the LSE-listed company private from October 1, after its family-owned trust Volcan Investments announced on Monday that it has got a green signal from minority...
Aluminum products maker Arconic in talks to sell itself: sources
Aluminum products maker Arconic Inc is discussing acquisition offers for the entire company, even though it announced a sale process last month only for its building and construction systems unit, people familiar with...
