The Supreme Court on Wednesday sought the CBI’s response on providing a copy of its probe report closing the preliminary inquiry into the disinvestment of the government’s share in PSU Hindustan Zinc Limited...
NCLT approves ArcelorMittal’s Rs 2,360 cr bid for Odisha Slurry Pipeline
The National Company Law Tribunal (NCLT) has approved a Rs 2,359-crore bid of ArcelorMittal India for debt-ridden Odisha Slurry Pipeline Infrastructure Ltd (OSPIL). A two-member bench of the NCLT Cuttack gave a go ahead...
JSW Steel declared preferred bidder for Jajang iron ore block in Odisha
JSW Steel on Monday said it has been declared as a preferred bidder for Jajang iron ore block in Odisha. The Sajjan Jindal-led firm has bagged the iron ore mine in the auction of blocks in Odisha. The block holds...
Hindustan Zinc, Balco residual stake sale not off table: DIPAM secretary
India could look at selling residual government stake in Hindustan Zinc and Balco after a Supreme Court decision, a top government official told ET. “The residual stake sales are not off the table. The case is in SC and...
Hindustan Zinc, Balco residual stake sale not off table: DIPAM secretary
India could look at selling residual government stake in Hindustan Zinc and Balco after a Supreme Court decision, a top government official told ET. “The residual stake sales are not off the table. The case is in SC and...
En+ raises stake in Rusal to 57% after Glencore asset swap
Russia’s En+ Group has raised its stake in aluminium giant Rusal to 56.88% after completing an asset swap with Glencore, part of a deal that has helped companies controlled by Russian tycoon Oleg Deripaska to ward off U...
‘Cabinet approved disinvestment of stake in NINL, not NMDC’
NMDC Chairman and Managing Director N Brijendra Kumar on Friday said that the Union Cabinet has approved disinvestment of stake of six public sector units (PSUs) in Neelachal Ispat Nigam Ltd, and not that of NMDC...
Cabinet gives in-principle nod to strategic sale of Neelachal Ispat
The government on Wednesday in-principle approved strategic sale of Neelachal Ispat Nigam Ltd (NINL) by allowing six PSUshareholders to sell their stake in the steel company. A decision in this regard was taken in the...
Coal India invites bids for Rs 1,176 crore heavy earth moving equipment
Coal India has invited bids for supply, installation and commissioning of six electrical walking dragline along with spares and consumables with one-year warranty and additional spares & consumables for 10 years...
Vedanta to raise up to Rs 2,000 cr through non-convertible debentures
Vedanta Ltd on Sunday said it proposes to raise up to Rs 2,000 crore via issuance of non-convertible debentures (NCDs). “We would like to inform you that the company proposes to offer rated, secured, redeemable...
China Minmetals ends pursuit of Yunnan Tin
State-owned China Minmetals Corp has ended talks with the southwestern province of Yunnan about taking control of the world’s top tin producer Yunnan Tin, according to a stock exchange filing on Monday. Yunnan Tin had...
Australia’s Prospect Resources in talks to sell stake, lithium supply to Russia’s Rosatom
Australian lithium developer Prospect Resources Ltd said on Thursday it has signed a memorandum of understanding with a unit of Russia’s Rosatom that could see the latter buy a stake in Prospect as well as supplies of...
