Balco

States to get richer by Rs 80,000 cr after sale of 11 coal blocks

States, including Chhattisgarh, Jharkhand and West Bengal, are set to get nearly Rs 60,000 crore from 11 coal blocks sold in the ongoing auction, a top official said.

Coal Block Auction: Hindalco wins Gare Palma IV/5 mine in Chhattisgarh

Hindalco Industries has won the Gare Palma IV/5 mine in Chhattisgarh by outbidding companies like BALCO, Sesa Sterlite, Ambuja Cements

Coal block auction to benefit the poor states: Coal Secretary

With aggressive bidding for coal blocks likely to continue on the fourth day, the government today said that poor states would benefit from the auction.

Coal Block Auction: Vedanta bid for 14 blocks; Birla, Adani, Jindal also in fray

Mining baron Anil Agarwal-led Vedanta Group has bid for the most number of 14 coal mines out of 23 on offer in the first round of auction which also have aggressive bids by Aditya Birla Group, Adani and Naveen Jindal group, but was shunned by foreign players.

Vedanta chief meets FM over HZL, Balco stake sale

Cash-rich Coal India's interim dividend to make FIIs richer by over Rs 1000 cr

The government, which holds 90 percent stake in Coal India Ltd (CIL), will get Rs 16,485.71 crore and use the amount in meeting the fiscal deficit target.<br /><br />

Will cash-strapped govt accept Vedanta's sweetened offer for HZL, Balco?

Anil Agarwal's Vedanta Resources has sought shareholder nod to extend the offer to acquire residual government stakes in Hindustan Zinc Limited and Balco.<br /><br />

Chidambaram may squeeze PSUs for cash as asset sales falter

A shortfall in sale proceeds this year will compound the formidable challenges Chidambaram faces. The economy is growing slower than the official forecast, hurting tax revenues. He is widely expected to meet his deficit target, but he may yet have to find other revenue sources or cut deeper into spending.<br /><br />

Vedanta awaits govt's response on HZL, Balco stake sale

Vedanta Resources has not revised its Rs 17,275-crore offer made in January to buyout government's remaining stakes in Hindustan Zinc and Bharat Aluminium Company.

IMG to vet Vedanta's offer for stake in HZL, Balco

In January, the group had offered Rs 15,493 crore for buying 29.5 percent in HZL, and Rs 1,782 crore for 49 percent residual holding in Balco.