Anil Agarwal-led VedantaBSE 1.89 % arm Cairn IndiaBSE 0.90 % has acquired controlling stake in AvanStrate, a Japanese manufacturer of LCD glass substrate, with an investment of $158 million, the company informed the...
Australia’s Wesfarmers to sell Curragh coal mine for $539 million
Wesfarmers Ltd (WES.AX) said on Friday it would sell its Curragh coal mine in Queensland to Texas-based Coronado Coal Group for A$700 million ($539 million). Coronado Coal is owned by Texas-based private equity group...
JSW Techno Projects Management Ltd to acquire 49% shares BRPL in Odisha
JSW Techno Projects Management Ltd, a promoter company of Sajjan Jindal’s JSW, is acquiring 49% shares Brahmani River Pellets (BRPL) in Odisha. The company informed the BSE on Friday that it said it had signed a...
Vedanta to raise Rs 500 crore via NCDs
Vedanta Ltd today announced it proposes to raise up to Rs 500 crore via issuance of non- convertible debentures (NCDs). “We would like to inform you that the company proposes to offer rated, secured, redeemable...
Hindustan Copper gets nod for JV firm with MECL, Nalco
Hindustan Copper Ltd (HCL) has obtained approval from its board of directors to form a joint venture (JV) company with Mineral Exploration Corp. Ltd (MECL) and Nalco Ltd. The JV would help in the formation of a joint...
Anil Agarwal plans Rs 10,000 crore investment in Jharkhand
Vedanta chief Anil Agarwal has lined up a Rs 10,000 crore investment plan for Jharkhand. This includes an iron ore mining project and an integrated steel plant. Agarwal, who hails from the region, said the project will...
Nalco plans 2 JVs with US, Russia-based companies
Aluminium major Nalco is planning to set up two joint ventures – one with US-based Almex and another with Russia’s Rusal – at the upcoming Angul Aluminium Park in Odisha, a senior company official said...
Hindalco weighing bid to acquire Aleris Corp of US
Kumar Mangalam Birla flagship HindalcoBSE 2.25 % is gearing up to mount a multi-billion dollar bid to acquire Aleris Corp. from its private equity owners, said several people aware of the development. This follows talks...
NMDC plans to sell nearly 49% stake in its Chhattisgarh steel plant
India’s top iron ore miner NMDC Ltd. is looking to sell a stake of at least 49% in its Chhattisgarh steel plant, as it prepares to begin production at the 3-million-ton facility in three to six months, according to a...
Aditya Birla’s acquisition bid may value Aleris Corp at $2.5 billion
Billionaire Kumar Mangalam Birla’s Aditya Birla Group is readying a bid for aluminium maker Aleris Corp., according to two people directly aware of the development. The group’s bid may assign a $2.5 billion enterprise...
Essar invests Rs 830 cr to double Vizag Port iron ore capacity
Essar PortsBSE 0.15 % today said its Rs 830 crore expansion plan to almost double the iron ore handling capacity to 23 million tonne per annum (MTPA) at Vizag port is nearing completion. After completion of the project...
Indian billionaire Agarwal to buy bigger stake in Anglo American
Volcan Investments, the family trust of diversified miner VedantaBSE -1.66 % on Thursday said it was increasing its stake in Anglo American. In a statement, it said it was increasing its stake by acquiring shares worth...
