A handful of Indian companies that had together invested over $10 billion in acquiring 14 coal mines abroad are now worried after coal prices have dropped 40% in two years to about $80 a tonne.
GVK Power and Infrastructure will sell minority stakes in its Australian rail and port subsidiaries to raise funds for developing a coal mine in Queensland.
Indian cos that invested over $10 bn in acquiring 14 coal mines abroad are now worried after coal prices have dropped 40% in two years to about $80 a tonne.
Bhattacharya, MD, Hindalco, India's largest aluminum maker and the world's largest supplier to car companies, expects the industry to bounce back due to tight supplies.
Mohit Aggarwal and his ilk could well be regarded as the saviour of small- and medium-size steel and cement companies in India.
Aditya Birla Group cos, Grasim Industries and Thai Rayon Public have bought a troubled Terrace Bay Pulp, to fuel the expansion plans of the VSF business.
Bilt will transfer 2 paper units to a step-down subsidiary that will ultimately be listed overseas as the Delhi-based co bows to demands by foreign shareholders.
A rehabilitation proposal to address displaced population & sort out environmental issues at 8 iron ore mines in Karnataka has been submitted to a SC panel.
Hindalco Industries, Aditya Birla Group's flagship firm, is on an aggressive drive to raise funds for its biggest greenfield project in Odisha.
The Aditya Birla Group plans to shut part of its aluminum foil making mill in the UK and relocate the plant to its unit near Nagpur.
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