They are snapping up ore and coal abroad, as their availability is stuck at home.
The Essar Group is close to buying Trinity Coal, one of the top 10 coal producers in the US, in a deal worth $550-600 million (Rs 2,500-2,735 crore). Trinity is owned by private equity investment firm Denham Capital Management.
Companies write off investments, shed assets as initial projections go haywire
Indian CEOs might like to make some serious course correction.
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