Six months after acquiring Anglo-Dutch steel giant Corus, Tata Steel has put the foreign company's aluminium business on the block.
This is for the second time that Tata Steel is getting into a take-over battle. It acquired the Anglo-Dutch steel company Corus Group after beating rival suitor, CSN of Brazil, through auction.
In Jharkhand, the company is hopeful of starting work as soon as the mines issue is resolved, while in Orissa, consultants for the detailed project report (DPR) and the socio-economic survey have been appointed.
The transaction was to be completed by June.
Sukhdev Mahato has 2 acres in the 450-acre private land, which will be acquired for JSW Bengal Steel's 10 million tonne project. And Mahato feels blessed.
Mittal Steel India, which will require 8,000 acres -- a mix of government and private land -- in Keonjhar, Orissa, for its proposed 12 million tonne plant, has decided to develop its own rehabilitation and resettlement package.
Posco India is open to realigning its project area and one of the options could be to the south of the site.
This will be over and above a Rs 3,655-crore domestic rights issue and a Rs 4,350 crore convertible preference share issue the company announced last month.
An attempt to unravel the method in Anil Ambani's madness as he hopes to build leadership in entertainment.
Only a handful of domestic steel producers have announced their results for 2006-07, but the indications are that they will report stellar performances this financial year.
Amar Ghosh, a real estate broker, is negotiating a deal with a Mumbai-based company for 65 acres around Singur, 40 km from Kolkata, at Rs 22.5 lakh (Rs 2.25 million) per acre.
Sesa Goa has received a showcause notice from the Jharkhand government asking it why its prospective licence for iron ore mines in the state should not be cancelled.
Sources close to the situation said the Tata Steel board is slated to discuss the issue at its meeting on April 17.
The country's leading steel companies were considering a price increase of Rs 1,000-2,000 per tonne from April 1, despite a partial rollback last month.
Anticipating pressure from the government, steel companies decided not to hike prices on Sunday, but are likely to raise them over the next few days in varying degrees.
Plan to move cautiously with an increase of Rs 500-1,000 per tonne.
Major shareholders to buy workers' shares in northern gardens.
Fresh from the Nandigram flashpoint, the West Bengal government is set to begin a two-way 'battle' to keep industrialisation going in the state.
Lenders have thrown their hat into the Haldia Petrochemicals Limited case with Industrial Development Bank of India moving the Calcutta high court against the Company Law Board order on share transfer to the TCG firm.
Iron ore prices are expected to fall in next couple of months following the imposition of duties on exports.
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