Ratan Tata has said that PM must restore government credibility and place the country on a growth path once again by implementing promised reforms.
The deal, which could be valued upward of Rs 1,000 cr, will give JSPL control over potential reserves of about 2.4 bn tonnes of high grade thermal coal.
The government is considering an amendment in the Companies Act to support a Sebi notification that proposes to penalise companies with adverse auditor remarks.
Unfazed by its failure in Bolivia, Jindal Steel & Power has raised Rs 3,500 crore from a consortium of lenders for a steel project it is setting up in Odisha.
The Aditya Birla group has reorganised the management structure of its pulp and fibre business as it attempts to provide a sharp focus to its traditional businesses.
Essar Africa Holdings, an international subsidiary of the Essar Group, may be asked to bring in a local partner in Zimbabwe for reviving a steel mill.
Terrace Bay which owns 285,000 tonnes of paper grade pulp capacity, will be converted into rayon grade pulp to be used by Grasim.
Jindal Steel did not respond to queries on the issue.Rajesh Bhatia, executive V-P-finance and Jindal's representative on Rocklands Richfield board, declined to comment.
Welspun Energy is in talks with renewable energy funds to sell a small stake in the company and raise $150-200 million for investments in wind energy farms.
JK Paper is set to pick up an equity stake in Myanmar's largest state-owned pulp mill as part of a global public-private-participation deal.
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