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Aditya Birla Group buys chemicals unit for $187 mln

Aditya Birla group may bid for Indonesia coal firm stake - report
Aditya Birla group is considering a bid for a 10 to 15 percent stake in Indonesian coal miner Bumi Resources Tbk PT to secure coal supplies for its expanding cement and aluminium operations, the Economic Times reported on Thursday. The transaction, along with an offtake agreement, could be worth over 10 billion rupees, the paper said. "I wouldn't say we have made up our mind, but to have a share

GVK content in Australia for now with thermal coal assets

GVK Power & Infrastructure Ltd plans to steer clear of future acquisitions in Australia, at least for now, after paying $1.26 billion for a majority stake in three Australian coal mines and a port

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JSW Steel eyeing value-added acquisitions

India's No. 3 steelmaker JSW Steel is actively looking to acquire steel companies in India with capacity for value-added products, as it looks to boost margins and expand its offerings, the

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Hindalco Q2 net lags f'cast, sees tough H2

Non-ferrous metals producer Hindalco Industries lagged estimates with a 16 percent rise in quarterly net profit and warned the second half of this fiscal year would be tough due to global economic

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Tata group looking for New Hope bid - source

Tata group is looking at the assets of Australia's New Hope Corp, a $5 billion coal miner that put itself up for auction last month, and could consider a bid in the future, a source with direct

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SAIL Q2 profit halves; costs, forex weigh

Steel Authority of India (SAIL), the country's largest domestic steel producer, blamed a halving of quarterly profit on rising costs and a strong dollar on Thursday, and maintained demand would

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