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Vedanta Group, Mining Companies Golden Steps in Mining and Metal Industry
India’s Vedanta group is scripting a success story in mining sector with its brave decisions to acquire new companies even though the global meltdown has wreaked havoc in metal sector.
Coal Mining Exploration Project to Share Profits from CIL with Govt
Corporate majors like Reliance, Essar and GMR, which are vying for the USD 6-8 billion project to convert coal into oil, may have to share profits earned thereby with the government, official sources said.
“We have proposed the companies to share profits from coal-to-liquid (CTL) project with the government to which many have agreed to,” [...]
Lakshmi Mittal and U.S.-based AES Corp. other cost get coal mining rights in India
Indian firms owned by steel tycoon Lakshmi Mittal and U.S.-based AES Corp are among 31 private firms that have been allocated coal mining rights by the government, official document seen by Reuters showed on Friday.
Mittal Steel India Ltd, power producers Sterlite Energy Ltd, a subsidiary of Vedanta Resources; Tata Power Company Ltd, Reliance Energy Ltd [...]
Sterlite to raise $2 bn for power plant
Sterlite Industries (India), a unit of billionaire Anil Agarwal’s Vedanta Resources, plans to raise as much as $2 billion in its first share sale in the US to pay for a new power plant.
Sterlite, India’s largest copper producer, would sell shares that will trade on the New York Stock Exchange, the company said in a [...]
