Mines Min to send report on HZL, Balco to PMO after study

Last Updated: Wednesday, September 25, 2013, 18:09

Mines Minister Dinsha Patel Wednesday said his Ministry would send the requisite report to the Prime Minister's Office (PMO) on sales of residual stakes in Hindustan Zinc (HZL) and Balco after going through all pros and cons minutely.

BALCO appoints Ramesh Nair as Chief Executive Officer

Last Updated: Sunday, June 2, 2013, 18:00

He has over 20 years of experience in the metals industry and has also worked with Vedanta group for 11 years in past, including as Chief Operating Officer of Sterlite Copper.

HC relief for Balco in 2009 chimney collapse incident

Last Updated: Thursday, January 24, 2013, 19:32

In a relief to aluminium major Balco, the Chhattisgarh High Court has stayed any action against the company based on a judicial panel's report holding it responsible for the chimney collapse incident at the firm's power plant at Korba town in 2009.

Judicial probe panel indicts BALCO, SEPCO for negligence

Last Updated: Friday, December 21, 2012, 20:12

The commission also indicted then officials of Korba Municipal Corporation, Town and Country Planning Department and labour department for negligence and complacency.

FinMin keen to sell residual stake in HZL, Balco via e-auction

Last Updated: Wednesday, November 28, 2012, 19:51

The Finance Ministry has proposed e-auction to sell its residual stake in Hindustan Zinc and Balco in which Vedanta Resources, the existing majority stakeholders of the companies, could also participate.

Vedanta to offer "fair" price for HZL, Balco

Last Updated: Tuesday, November 27, 2012, 20:45

"Whatever is fair. I am looking at the process, we are not looking at negotiating anything. Whatever is the right price, (there is a) process to be adopted," Vedanta Chairman Anil Agarwal told reporters here.

Govt mulling selling residual stake in Hind Zinc, Balco

Last Updated: Sunday, November 25, 2012, 11:28

The government is considering the option of selling its residual stake in Hindustan Zinc and Balco-- two erstwhile PSUs that were sold to mining giant Vedanta Resources during 2001-2003.

Balco will soon have 7 lakh tonne capacity: Vedanta

Last Updated: Friday, November 2, 2012, 21:01

Vedanta Resources Friday said the company plans to increase the capacity of its Balco facility to 7 lakh tonnes per annum from one lakh tonnes per annum soon.

Vedanta's offer for stake in HZL, Balco to be vetted by IMG

Last Updated: Tuesday, September 11, 2012, 19:14

Vedanta's sweetened offer to buy out government stakes in Hindustan Zinc and Balco will now be vetted by an inter-ministerial group before being put up to the Cabinet for nod, a senior government official said Tuesday.

Vedanta's offer for stake in HZL, Balco to be vetted by IMG

Last Updated: Tuesday, September 11, 2012, 16:25

Vedanta's sweetened offer to buy out government stakes in Hindustan Zinc and Balco will now be vetted by an inter-ministerial group before being put up to the Cabinet for nod, a senior government official said on Tuesday.

Vedanta gets shareholders' nod for raising HZL, Balco offer

Last Updated: Thursday, August 30, 2012, 18:02

Shareholders of Vedanta Resources have given their nod to sweeten its offer of Rs 17,275 crore by up to 25 percent for buying out remaining stakes of Indian government in Hindustan Zinc and Balco.

Mines Min to go by CCEA advice on HZL, Balco stake sale

Last Updated: Friday, August 24, 2012, 18:56

Mines Secretary Viswapati Trivedi, talking to reporters here, however, added that his Ministry was yet to receive any fresh proposal from the metal major in recent times.