May opt for PE funds or debt to finance capital expenditure.
The CM also announced compensation of Rs 10 lakh each for those killed during the protest and Rs 3 lakh each for the injured, government jobs for the family members of the deceased also announced.
Sterlite Group would raise around Rs 4500 crore (Rs 45 billion) debt from international markets for investing in non-ferrous metals and optical fibre cable businesses in the next financial year.
The company has flouted green norms at its plant in Tamil Nadu, a judge said.
The board of directors of Sterlite Industries India Ltd will meet on January 29, 2003 to consider a scheme of restructuring of the company's business including the copper division and the power transmission aluminium conductor division.
The home minister said he was deeply pained at the loss of precious lives during the agitation at Tuticorin.
After one stop-work order on the Rs 54,000-crore Posco project, a four-member panel appointed by the Union ministry of environment and forests has dealt a body blow to yet another big-ticket investor in Orissa, the London-based Vedanta Resources Ltd.
Sterlite Optical Technologies Ltd has informed BSE that a meeting of the board will be held on January 25, 2003 to take on record the unaudited financial results for the quarter ended December 31, 2002.
At least three companies including Essar Shipping, Videocon and Sterlite Industries on Friday bid for acquiring the government's 51 per cent stake in national flag carrier Shipping Corporation of India.
Indian lenders are unlikely to clear the vertical split of BSE-listed Vedanta Ltd in a hurry, considering that the demerger would reduce the fungibility of cash flows across businesses and increase their volatility, according to analysts. The demerger plan, which would result in six separate listed entities, would require approval from shareholders, lenders and other statutory bodies. "We believe that a separate listing of different businesses would reduce the fungibility of cash flows across businesses and increase the volatility of cash flows.
SC overrules order to shut down Tuticorin plant but asks the company to pay up for ecological damage.
Anil Agarwal, chairman and managing director, Sterlite Industries speaks on his future plans.
Vedanta group flagship Sterlite Industries on Friday said it has raised over two billion dollar (about Rs 8,215 crore) through an initial public offering in the US, including the over allotment option.
Just when everyone wrote him off for his bid for bankrupt mining company Asarco, Vedanta Resources Chairman Anil Agarwal is back with a vengeance.Sterlite Industries, the Vedanta group's flagship, has raised its offer price by a fifth to $2.56 billion to acquire the US copper miner in an all-cash deal -- its third bid in two years. The company on Friday said the modified takeover plan had been submitted to the district court in Texas.
Modi shared the warmth of Chief Minister M K Stalin who briefly held the PM's hand and patted the back of the latter's palm while walking through the displays exhibited at the new Chennai airport terminal.
The state-run Maharashtra Industrial Development Corporation (MIDC) recently handed over the land. The company was exploring investment opportunities in various states and finally selected a site at the Shendre industrial estate near Aurangabad.
Sterlite Industies (India) on Saturday inked a definitive agreement to acquire the operating assets of Tucson-based Asarco LLC for $2.6 billion in cash, the largest buying abroad by an Indian company this year.Asarco, formerly known as American Smelting and Refining Company, is an over 100-year old company and is currently the third largest copper producer in the US.
Sterlite Industries is set to list its $2 billion (Rs 8,000 crore) American Depository Shares issue, the largest by any Indian company, with the New York Stock Exchange by the middle of this month.
'Interim Budget has ignited the entrepreneurial spirit.'
Sterlite Optical Technologies Ltd has posted a net loss of Rs 208 million for the quarter ended December 31, 2002 as compared to a net profit of Rs 79.90 million in the quarter ended December 31, 2001.
Sterlite Industries (India) has reported a consolidated net profit of Rs 165.23 crore for the second quarter ended September 30, 2003.
When it closed close down the copper plant at Thoothukudi in 2013. Its orders were held illegal by the NGT on procedural grounds
Reliance Jio has sent a second legal opinion to the Telecom Regulatory Authority of India (Trai) on the subject of the potential allocation of satellite spectrum. The letter is written by retired Supreme Court Justice L Nageshwara Rao and argues in favour of auctions, stating that any other method for allocating spectrum apart from auctions could be constitutionally unsound. Business Standard has reviewed the letter.
As many as six merchant bankers are vying to handle and manage the sale of the government's 29.53 per cent residual stake in Hindustan Zinc Ltd (HZL), according to an official notice. ICICI Securities, SBI Capital Markets, HDFC Bank, IIFL Securities, Axis Capital and Citigroup Global Markets will make their presentations via video conferencing before the government officials on Friday, highlighting their plans in managing the offer for sale. The bankers to manage the sale process would be finalised after the presentation and opening of financial bids on August 12, as per the notice.
Metal shares gained on hopes that the government may adopt ordinance route for mines sector reforms
ASP Balveer Singh, IPS, is accused of torturing 5 people in custody.
The Supreme Court Thursday termed the COVID-19 situation as almost a "national emergency" while agreeing to hear Vedanta's plea for opening of its Sterlite copper unit at Tuticorin in Tamil Nadu on the ground that it would produce thousand tonnes of oxygen and give it free of cost to treat patients.
The success of recent IPOs and the stability in the secondary market are propelling many firms and investment bankers to remove their IPO plans.
Assembly Speaker M Appavu said leaders of the two AIADMK factions submitted him 6 letters, including 4 from Palaniswami, asking for separate seating arrangement in the Assembly for their respective members.
'They should have spoken to the Sterlite protestors when they were sitting in the villages. They should not have waited for them to come to Tuticorin.' What started off as a lone village grumbling about ground water pollution on Tuesday turned into a battlefield. What thus started off as a lone village grumbling about ground water pollution on Tuesday finally turned into a battle field. A Ganesh Nadar reports.
The top court said there should be no political bickering over the generation of oxygen by Vedanta as the country is facing a national crisis.
The NINL management can see this as their moment of giving back to the nation and humanity. Its plant has an oxygen unit that can produce 418 tonnes of oxygen every day. 418 tonnes is about 58% of Delhi's daily demand for oxygen, notes Sudhir Bisht.
A reception often reserved for rockstars came the way of mining mogul Anil Agarwal when he started revealing nuggets of his ascent from a scrap-metal dealer to one of India's most prominent self-made industrialists on social media. And now he has been flooded with booking writing proposals and has even been offered money for a biopic. In February this year, Agarwal, 68, started tweeting his journey from Bihar to Mumbai first and then to London to head a globally diversified natural resources company with interests in zinc-lead-silver, iron ore, steel, copper, aluminium, power, oil and gas.
The new entrants comprise Asian Paints, Britannia, Titan, Nestl, Bajaj Finance and Bajaj Finserv.
'That was triggering stone-throwing.' 'So if the cops were not so visible, the chances of any violence is reduced.'
Tamil Nadu Chief Minister M K Stalin on Wednesday asserted that not even a "speck of dust" fell on state Governor R N Ravi during a black flag protest against him in Mayiladuthurai and said the opposition All India Anna Dravida Munnetra Kazhagam's attempts to "do politics" over the matter will not fructify "as this is DMK rule."
A lot of mid and small-caps are in the bubble zone and command high valuation and have corrected sharply.
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