Tata Steel is scouting for coking coal and iron ore mines abroad, including in Brazil and Australia, to ensure raw material security for its European operations. "We are actively pursuing raw material interests in...
Metal
NMDC plans to expand sponge iron capacity
The country’s single largest iron ore producer and exporter, NMDC Ltd, hopes to complete the merger of Sponge Iron India Ltd with itself in the next three months. Plans are afoot to enhance the capacity of its...
Essar Steel to acquire Shree Precoated
Essar Steel entered into a definite business transfer agreement on Monday to acquire Pune-based Shree Precoated Steels (SPS) for an undisclosed sum. Mr J. Mehra, Chief Executive Officer, Essar Steel, said at a press...
Essar to pay Rs 600 cr for Shree Precoated
The Ruias-owned Essar Steel on Tuesday agreed to acquire the fixed assets and long-term liabilities of Mumbai-based Shree Precoated Steels for a little more than Rs 600 crore, a move that could signal the return of...
RINL-Manganese Ore JV
Rashtriya Ispat Nigam Ltd (the Vizag steel plant) and the Manganese Ore India Ltd have formed a joint venture – RINMOIL Ferro-Alloys Pvt Ltd – to manufacture ferro-alloys, according a press release. The JV...
India Cements unit in deal to buy Indo Zinc
India Cements Ltd said on Monday its unit, ICL Financial Services Ltd, had signed a deal to acquire 39.84 per cent of Indo Zinc Ltd. India Cements currently has 13 per cent stake in Indo Zinc, it said in a statement to...
India Cements arm buys 53% in Indo Zinc
ICL Financial Services Ltd, a subsidiary of India Cements Ltd, has acquired a 53 per cent stake in Indo Zinc Ltd for about Rs 5.3 crore. According to the India Cements sources, Indo Zinc holds limestone mining leases in...
Anil Agarwal ready to buy out govt in HZL, Balco; to meet FM
Vedanta Resources Chairman Anil Agarwal today said he is ready with Rs 8,000 crore for buying the government’s residual equity in Balco and Hindustan Zinc, for which he will meet the Finance Minister this month...
Tata Steel Global acquires more shares in Riversdale Mining
Tata Steel Global Minerals Holdings Pte Ltd, an indirect wholly owned subsidiary of Tata Steel Ltd, on Thursday acquired additional shares of Riversdale Mining Ltd (RML), Australia, through market purchases, taking the...
Jindal Saw – Updats on Scheme of Amalgamation
Jindal Saw Ltd has informed BSE that the Hon’ble High Court of Judicature at Allahabad during the hearing held on July 13, 2009 has approved the merger of Highgate Consultants Ltd, the wholly owned subsidiary of...
Tata, JSW and Essar Steel in fray to buy Shree Precoated
Tata Steel, JSW Steel, Essar Steel and Uttam Galva Steels are eyeing to acquire a majority stake in Ajmera Group’s Shree Precoated Steel. "Three primary steel makers — Tata Steel, JSW Steel and Essar...
Essar Steel close to acquiring major stake in Ajmera Group co
Essar Steel, part of the Ruia-controlled diversified conglomerate, is close to acquiring a majority stake in Shree Precoated Steels of the Ajmera Group, in a move that will consolidate its presence in the value...
