The government today said state-owned Coal IndiaBSE 0.37 % is hunting potential avenues for buying stakes in coking coal blocks overseas. In a written reply to Lok Sabha, Coal Minister Piyush Goyal said, “CIL...
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...
Coal India trade unions to oppose govt’s stake-sale plan
Trade unions at Coal India Ltd., the world’s largest producer of the fuel, will protest a government plan to sell shares. The government said last week it plans to sell 10% stake in the monopoly miner as part of its...
Nalco eyes African countries for strategic mineral assets
National Aluminium Company (Nalco), along with Mineral Exploration Corporation Ltd (MECL) and Hindustan Copper Ltd (HCL), would hunt for strategic mineral assets in South Africa and other African countries. The three...
Vale delays sale of stake in New Caledonia nickel mine – sources
Vale SA (VALE5.SA) has decided to postpone the sale of a stake in its New Caledonia nickel mine after the initial bids for the asset came in at the lower end of expectations, two people with knowledge of the matter said...
Australia’s Aurizon in talks to buy debt-saddled coal port
Australian coal rail operator Aurizon Holdings (AZJ.AX) said on Monday it was in talks to buy the Wiggins Island Coal Export Terminal (WICET) in Queensland, which urgently needs to restructure $3 billion in debt. A...
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...
MMTC to sell 26% equity of Sical Iron Ore Terminals
Government-owned trading company MMTC Ltd has initiated the process to offload its entire 26 percent equity in Sical Iron Ore Terminals Ltd (SIOTL), a subsidiary of Sical Logistics. The iron ore terminal has been set up...
Vedanta to invest $9 billion in India, says Anil Agarwal
Vedanta Resources Plc will invest roughly $9 billion in India over the next few years to expand its hydrocarbons, metals and mining businesses and meet more of India’s requirements of these commodities locally...
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...
Govt raises Rs 710 cr by divesting 5% in NLC India
The government has mopped up Rs 710 crore by divesting five percent stake in NLC India, formerly Neyveli Lignite Corporation. The offer for sale (OFS) of 76.4 million shares saw bids for 165 million shares. The retail...
