A stake sale in IOC would fetch about ` 9,000 crore, EIL ` 700 crore, Nalco ` 1,200 crore and NMDC
` 5,300 crore going by the current stock prices of these companies.
As of March 31, 2012, the paid up equity capital of NMDC
has stated it intends to use Legacy as a foothold in Australia to acquire other mineral assets.
Due diligence will start shortly, said a top NMDC
employees use Jeep vehicles on-road and off-road to go to their work sites for their functionality, reliability and 4WD capabilities.
As part of a consortium led by Rashtriya Chemicals and Fertilisers (RCF), NMDC
is sending a team to Tunisia for inspecting a rock phosphate mine.
share sale could fetch ` 5,490 crore at current market prices ahead of the government's first full- year Budget on February 28.
The Indian government is looking to shed a 10 percent stake in NMDC
Apart from NMDC
, the government plans to raise $622 million from the sale of a stake in capital goods-maker BHEL, $520 million from miner Hindustan Copper and $365 million from Steel Authority of India Ltd, the official said.
Officials of the Archaeological Department and the NMDC
are now working on a new theory that a network of underground tunnels existed in the adjoining area and there was, possibly, a link between the tunnel found in the Home Science College and Naubat Pahad.
7 million tonnes of iron ore is supplied by NMDC
to steel industries based in Chhattisgarh, and requested the minister to increase this to about five million tones per year.
Sydney, Australia, Sep 15, 2011 - (ABN Newswire) - Legacy Iron Ore Limited (ASX:LCY) has received a formal binding offer from the Indian government owned National Mineral Development Corporation Limited ("NMDC
") for NMDC
to become a cornerstone investor in Legacy via a placement agreement.