Indo Gulf Corp fixed March 13 record date for the scheme of arrangement between the company, Hindalco Industries Ltd and Indo Gulf Fertilisers Ltd.
Hindalco Industries Ltd okays merger of Indo Gulf Corporation Ltds copper business with the company.
Hindalco Industries Ltd plans to acquire Straits (Nifty) Pty Ltd, which owns the Nifty Copper mines in Australia.
Hindalco Industries Ltd has posted a net profit of Rs 1011 million for the quarter ended December 31, 2002 as compared to Rs 1655 million in the quarter ended December 31, 2001.
Alstom Power India Ltd said it received a Rs 870-million contract by Renusagar power division of Hindalco Industries Ltd for the modernization of two of its 68 MW boilers.
India's largest aluminium maker, the Aditya Birla group's Hindalco Industries Ltd, said on Friday it would buy copper mines in Australia from Straits Resources Ltd for A$79.80 million (US$47.11 million).\n\n\n\n
Indian Aluminium Company Ltd vice-chairman A K Agarwal on Wednesday ruled out the merger of the company with its parent Hindalco Industries Ltd.
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The award of more than 200 coal blocks to steel, cement and power companies has been at the centre of the so-called "Coalgate" scandal.
The Supreme Court on Thursday directed the Enforcement Directorate to file by February 8 the status report on its probe into coal scam for suspected money laundering and foreign exchange rules violations.
The Supreme Court on Monday directed the Central Bureau of Investigation to file remaining five of the six charge sheets by March 28 in the coal block allocation scam, declining to grant more time sought by the agency for this purpose.
The court said that it would now consider the CBI's final report
The Central Bureau of Investigation has filed a progress report of its further investigation in the coal blocks allocation scam case allegedly involving former Coal Secretary P C Parakh, industrialist Kumar Mangalam Birla and others, in a sealed cover before a special court.
But the company should take extra steps to prevent pollution.
The hike in clean energy cess is likely to impact input cost for thermal power producers
Licence winners are expected to be announced by the first quarter of 2014.
A special court on Monday asked the Central Bureau of Investigation to clarify whether "rule of law" was followed in allocation of coal blocks to top industrialist Kumar Mangalam Birla's Hindalco.
In the long run, the decision could bring clearer rules to a sector that has failed to provide India with enough power because it has been so hamstrung by confusion and scandals over concessions allegedly handed to government cronies.
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