Committee to decide whether Chennai port will handle coal
April 12th, 2012 - 7:52 pm ICT by IANS
Chennai, April 12 (IANS) An expert committee set up by the Supreme Court is studying whether the Chennai Port Trust should be allowed to handle bulk cargoes of coal and ... Read more...
Posted in Business |
Cream of Indian community, richest Australian felicitate Ansari
October 31st, 2011 - 9:51 am ICT by IANS
Perth, Oct 31 (IANS) The cream of the Indian community in Western Australia, prominent local politicians, cricketer Adam Gilchrist and, well, the richest Australian - all of them turned out ... Read more...
Posted in Uncategorized |
India’s JSW Steel in multibillion Oz takeover bid
October 25th, 2011 - 10:26 am ICT by IANS
Melbourne, Oct 25 (IANS) JSW Steel, one of India's major steel producers, is considering a $5 billion bid for Australia's coal mining company New Hope Corp, Sydney Morning Herald newspaper ... Read more...
Posted in Business |
Coal India keen on developing abandoned mines
September 20th, 2011 - 8:44 pm ICT by IANS
Kolkata, Sep 20 (IANS) World's largest coal miner Coal India Limited (CIL) Tuesday said it will go ahead with developing its abandoned mines in partnership with global firms if the ... Read more...
Posted in Business |
GVK acquires coal, infrastructure projects in Australia
September 17th, 2011 - 12:17 am ICT by IANS
Hyderabad, Sep 16 (IANS) GVK Group, a leading infrastructure developer, Friday announced that it has acquired Hancock coal and infrastructure projects in Australia, one of the largest integrated coal ... Read more...
Posted in Business |
IPCL, DPSC to invest Rs.26,450 crore in power
July 20th, 2011 - 6:37 pm ICT by IANS
Kolkata, July 20 (IANS) India Power Corporation Limited (IPCL) and DPSC Limited, a power generation and distribution group, Wednesday announced their plan to invest Rs.26,450 crore by 2015 in the ... Read more...
Posted in Business |
Coal India braces for fresh bids in Mozambique
July 2nd, 2011 - 8:48 pm ICT by IANS
Maputo, July 2 (IANS) Coal India, one of the world's largest coal miner, has plans to call for fresh bids for exploratory drilling at two coal blocks in Mozambique's Tet ... Read more...
Posted in Business |
India plans power lines via Bangladesh
January 2nd, 2011 - 7:04 pm ICT by IANS
Agartala, Jan 2 (IANS) India is exploring the possibility of building transmission lines via Bangladesh to supply power to that country and to transmit electricity between the northeast and the rest ... Read more...
Posted in Business |
Adani Enterprises buys Australian coal asset for $2.7 billion
August 3rd, 2010 - 6:18 pm ICT by IANS
Mumbai, Aug 3 (IANS) Gujarat-based Adani Enterprises, part of the Rs.30,000-crore diversfied Adani Group, has acquired the coal mine assets of Linc Energy of Australia for a cash and royalty package worth ... Read more...
Posted in Business |
Paradip port handled record traffic in 2009-10
April 8th, 2010 - 1:10 am ICT by IANS
Bhubaneswar, April 7 (IANS) Despite global meltdown and slow export and import business the Paradip port in Orissa handled record traffic of 57.01 million tonnes during 2009-10, an official said here Wednesday.
"It ... Read more...
Posted in Business |
JSW to commission power plant in Bengal by 2015
January 20th, 2010 - 8:01 pm ICT by IANS
Kolkata, Jan 20 (IANS) JSW Steel plans to commission two units of its 1,600 MW power plant in West Bengal by 2015, the company said Wednesday.
In a regulatory statement, it said the ... Read more...
Posted in Business |
Aditya Birla group to built Rs.1,500-crore port in Orissa
October 22nd, 2009 - 8:37 pm ICT by IANS
Bhubaneswar, Oct 22 (IANS) The Aditya Birla group, which has diversified business interests, Thursday signed an agreement with Orissa to develop a sea port in Bhadrak district on an investment of Rs.1,500 ... Read more...
Posted in Business |
Karnataka aims to become power surplus in five years
September 29th, 2009 - 2:43 pm ICT by IANS
By Fakir Balaji
Bangalore, Sep 29 (IANS) Energy-starved Karnataka, a hub for software, biotechnology and other sunrise industries, has set an ambitious target of becoming a power-surplus state in the next five years ... Read more...
Posted in Business |
Coal India allowed to import coking coal
August 27th, 2009 - 6:06 pm ICT by IANS
New Delhi, Aug 27 (IANS) The government Thursday allowed the state-owned Coal India to import coking coal and high grade ash thermal coal by acquiring coal properties abroad or overseas joint ventures.
The ... Read more...
Posted in Business |
GNM approved for acquiring Rey Resources
August 12th, 2009 - 3:34 pm ICT by IBNS
Kolkata, Aug 12 (IBNS) Gujarat NRE Minerals Limited (GNM), an Australian Subsidiary of Gujarat NRE Coke Limited plans of an off market takeover to acquire entire shares of Rey Resources Limited (REY) ... Read more...
Posted in Business |
State-run firms tie up to secure coal supplies abroad
May 21st, 2009 - 5:18 pm ICT by IANS
Mumbai, May 21 (IANS) State-run energy firms have floated a joint venture for overseas acquisition of coal mines and securing cooking and thermal coals supplies.
The new company, International Coal Ventures, would ... Read more...
Posted in Business |
JSW Steel gets coal reserves for West Bengal project
December 13th, 2008 - 5:34 pm ICT by IANS
Kolkata, Dec 13 (IANS) Steel manufacturer JSW Bengal Steel has been allotted three reserves in West Bengal to source coal for its 10-million-tonne steel plant project at Salboni in the state, a ... Read more...
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National Mineral Development Corp eyes West Bengal coal block
November 18th, 2008 - 8:25 pm ICT by IANS
Kolkata, Nov 18 (IANS) Public sector company National Mineral Development Corp (NMDC), will invest Rs.10 billion to explore, develop and mine coal blocks in West Bengal, a top company official said here ... Read more...
Posted in Business |
Iron ore export through Orissa port drops
November 4th, 2008 - 4:46 pm ICT by IANS
Jagatsinghpur (Orissa), Nov 4 (IANS) The export of iron ore from Orissa through Paradeep port has dropped to 50 percent in the past two months, port officials said Tuesday.Every month, at least ... Read more...
Posted in Business |
‘Coal supply issue to be resolved soon’
November 1st, 2008 - 11:07 pm ICT by IANS
Kolkata, Nov 1 (IANS) The coal ministry Saturday expressed hope that the controversy between the power utilities and Coal India Ltd (CIL) over the signing of a fuel supply agreement would be ... Read more...
Posted in Business |
Coal India gears up to acquire mines abroad
October 27th, 2008 - 8:23 pm ICT by IANS
Kolkata, Oct 27 (IANS) The country's leading coal producer Coal India Ltd (CIL) is planning to acquire coal mines abroad, a top official said here Monday."The issue was discussed at the International ... Read more...
Posted in Uncategorized |
Steel Authority of India ties up with Larsen and Toubro for power plants
September 30th, 2008 - 8:43 pm ICT by IANS
New Delhi, Sep 30 (IANS) State-run Steel Authority of India Ltd (SAIL) has entered into an agreement with engineering and construction major Larsen and Toubro (L&T) to jointly set up, develop and ... Read more...
Posted in Business |
Arcelor-Mittal acquires nearly 15 percent stake of Australian coal giant Macarthur
May 21st, 2008 - 1:40 pm ICT by admin
Melbourne, May 21 (ANI): Indian-owned steel conglomerate Arcelor-Mittal has acquired a 14.9 per cent stake in Australias Macarthur Coal and entered into discussions with company regarding a potential transaction.
Macarthur, the supplier ... Read more...
Posted in National |