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Thursday, 03 December 09
COAL INDIA IPO LIKELY TO HIT MARKETS BY NOVEMBER 2010


Soon investors will get to own a slice of India's largest coal mining company. Coal India its initial public offering will hit markets in November or December 2010.

And it's likely that the 10% stake that the government will sell in the market is all that investors will get to pick up. 

The government has already announced its plans of diluting 10% stake in unlisted companies; and Coal India is in the list.

In fact, Coal India is all set for an action packed FY 10-11, apart from the IPO, the coal major is looking for joint ventures in places like Australia, Indonesia, USA and South Africa.

With an investment of $ 1 billion to $1.5 billion for these Joint Ventures, Coal India’s focus is to stabilize coal supply in India.

“Our focus is to invest our funds in acquiring assets that deliver energy to our country and at the same time in a viable manner”, Mr P Bhattacharya, chairman, CIL told ET Now.

Source: Economic Times



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Monday, 28 December 09
INDONESIAN MINER LINKED TO FUGITIVE FINANCIER
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Monday, 28 December 09
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Saturday, 26 December 09
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Saturday, 26 December 09
COKING COAL PRICES MAY RISE BY 10 - 15% FROM APRIL 2010
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Saturday, 26 December 09
COAL INDIA SECURES TWO BLOCKS IN MOZAMBIQUE
It's official now. Mozambique has awarded two coal acreages in its Maotize region with an estimated one billion tonne reserves to Coal India Ltd bu ...


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