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Addressing presspersons, he said, This is the best time for an acquisition outside. We have shortlisted four to five coking coal assets in various countries...Mr. Verma said that many a time plans had to be abandoned due to volatile conditions in the
Minister of State for Commerce & Industry D Purandeswari in a written reply in the Lok Sabha on Monday. The company is meeting its iron ore requirement through captive sources...Therefore, supply of raw material has not been adversely affecting the
Following an appeal by the steel ministry, the coal ministry has asked Coal India Limited (CIL) to re-consider its decision to pull out of the Special Purpose Vehicle (SPV) set up by maharatna and navratna PSUs for acquiring coal properties abroad
Recently conferred the coveted Maharatna status, it has a vision to be the world's largest and best power producer. No.1 independent power producer globally in Platts Top 250 Global Energy Company ranking for 2011. Arup Roy Choudhury, Chairman and
Asian countries and Australia to secure coking coal supplies. Rashtriya Ispat Nigam, is also in talks with the Indonesian government to look at more mines, going beyond the scope of the earlier agreement. In Indonesia, we have applied for government-
We have been constantly looking at assets and are very close to clinching some of them now, he said, adding that some good news may be expected before the end of this year. Rs10,000 crore and the initial equity capital of Rs3,500 crore was to be
The PSU major, which sources 70% of its coal through imports, hopes to finalise at least one deal to secure overseas coal supplies during financial year 2012...We get 30% of our coal from domestic sources, while depending on imports for the rest. For
MEC Coal, nor the size of the deal. "It is yet to be frozen... It is an overseas acquisition and we have to be doubly sure and analyse it due to the various issues involved," he said...Through its subsidiary PT Tekno Orbit Persada, MEC Coal is.
The government has identified five lignite blocks and two coal blocks for underground gasification to boost energy production in the country. The information was given by Coal Minister Sriprakash Jaiswal in a written reply in the Lok Sabha.
Mathew Murphy January 29, 2011 THE way is clear for Rio Tinto's $US3.9 billion takeover of Riversdale Mining after an Indian coal consortium decided not to trump the Anglo-Australian miner. Investors who gambled on International Coal Ventures Limited