With this transaction, the government's shareholding in NMDC
has come down from 74.
is reviewing its optimal fleet size and composition, "and has identified a number of assets that will be decommissioned in the current financial year".
for its support, Engineer Rashed Al Hebsi, CEO of Tasneef, said: "We are proud of National Marine Dredging Company, which has strengthened UAE's reputation globally, in the field of marine dredging with its extraordinary successes, especially in the momentous new Suez Canal project, proving their professionalism.
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.
Final approval for NMDC
to start mining at Bailadila was granted by the Ministry of Environment and Forests (MoEF) earlier this month for early-phase operations to produce 1 million mt of ore per year.
was looking at garnering Rs 8,000-10,000 crore from sale of stake to a strategic partner.
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.
According to a release received here on Thursday from the NMDC
the company won the contract against stiff international competitions.
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.
Verma, who is the SAIL chairman, holds additional charge as NMDC
chief as the public sector mining company also comes under the administrative control of the ministry of steel.