Sesa Sterlite shares up 3% as Balco bags 2 coal mines

Last Updated: Monday, February 23, 2015, 13:59

Shares of Sesa Sterlite went up by almost 3 percent after the company's subsidiary Bharat Aluminium Company (Balco) bagged one more coal block and total two mines in the first tranche of auction.

Balco bags one more mine in Chhattisgarh

Last Updated: Saturday, February 21, 2015, 16:53

Bharat Aluminium Company (Balco) bagged one more coal block on the eighth day of the auction, taking the total number of mines sold so far through the ongoing auction to 18 that will generate an estimated over Rs 1 lakh crore for respective states.

BALCO gets nod for 1,200 MW power plant in Chhattisgarh

Last Updated: Friday, January 16, 2015, 17:52

BALCO is a subsidiary of Vedanta group's Sesa Sterlite.

Vedanta gets shareholders' nod to raise offers for HZL, Balco

Last Updated: Wednesday, October 30, 2013, 22:49

Shareholders of mining conglomerate Vedanta Resources on Wednesday approved proposals to empower the company to raise offers for acquiring remaining government stake in Hindustan Zinc and Balco by up to 43 percent or up to Rs 24,663 crore.

Vedanta to hike offer to $4 bn for more stakes in Balco, HZL

Last Updated: Tuesday, October 15, 2013, 23:50

Sweetening its long pending offer, mining conglomerate Vedanta Resources will hike the total offer price for acquiring more stakes in Hindustan Zinc and Balco to nearly USD 4 billion (more than Rs 24,800 crore), 43 percent higher than its last year's proposal.

Yet to hear from govt on HZL, Balco stake sale: Vedanta

Last Updated: Wednesday, October 9, 2013, 18:53

Vedanta Resources is yet to hear anything "officially" on disinvestment of Hindustan Zinc and Balco, but sees "conviction" on part of the government to move ahead with the proposed stake sale, a top company official said Wednesday.

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.

Not revised offer to buyout govt stakes in HZL, Balco: Vedanta

Last Updated: Sunday, October 21, 2012, 14:38

Vedanta Resources has not revised its Rs 17,275-crore offer made in January to buyout government's remaining stakes in Hindustan Zinc and Bharat Aluminium Company.

Sterlite offers Rs 16,000-cr to buy Govt's stake in HZL, Balco

Last Updated: Thursday, March 1, 2012, 18:25

Sterlite Industries has offered Rs 16,000 crore to buy out government's stake in Hindustan Zinc and Balco, almost a decade after Anil Agarwal-led firm acquired majority holding in zinc and aluminium producers.

Vedanta offers Rs 16K-cr to buy out govt's stake in HZL, Balco

Last Updated: Thursday, March 1, 2012, 14:17

Sterlite Industries has offered to pay Rs 16,000 crore to buy government stakes in Hindustan Zinc (HZL) and Bharat Aluminium Company (Balco), in which the majority holding was acquired by the Vedanta group about a decade back.