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BUMI RESOURCES
- KIOCL in talks to acquire stake in African mine
Karnataka's ore company, KIOCL, has initiated talks to acquire an equity interest in an iron ore mine in the western African.
- Tata Power to refinance $300 mn debt; stock down
Tata Power is negotiating to refinance debt of $270 million, raised to buy assets of Indonesia's PT Bumi Resources, say reports.
- Tata Power to refinance $270m loan raised for PT Bumi assets
The company had purchased 30% stake in 2 coal mines & trading companies of Bumi for $1.1 bn in 2007. The acquisition was then backed by UK'...
- No intention to sell stake in Indonesian coal mines: TataPower
Tata Power Company on Monday set to rest speculation that it was trying to sell its stake in two Indonesian coal mines owned by PT Bumi Res...
- Stocks to watch on Friday
Stocks are expected to open gap-down on Friday as markets around the world remain gripped by fear that a recession in imminent.
- Tata Power may hike stake in Bumi Resources
The ongoing financial turmoil could pave the way for Tata Power to increase its stake in Indonesia’s Bumi Resources, the world’s second lar...
- BEML bags Rs.2 bn mining equipment export orders
India's leading mining and construction equipment maker Bharat Earth Movers Ltd (BEML) has bagged orders worth Rs.2.07 billion to export hy...
- Motilal puts buy on Tata Power; target Rs 1,623
Motilal Oswal has recommended ‘buy’ on Tata Power for a target price of Rs 1,623.
- Tata Power to refinance Indonesian acquisitions
Tata Power Company (TPC) on Tuesday announced refinancing of loans worth $850 million taken for funding its acquisition of 30% stake in Ind...
- Motilal puts 'buy' on Tata Power
Motilal Oswal has maintained buy recommendation on Tata Power and expects the stock to hit a target price of Rs 1,856.
- Local cos to help Barclays refinance Tata Power loan
The British bank Barclays is roping in Indian lenders to refinance the $950-million bridge loan taken by Tata Power .
- TPC to raise $600 m for Indonesian mines
TATA Power Company (TPC), India’s largest private power utility, is planning to raise $600 million to fund its recent acquisition of coal m...
- Tata Power eyes overseas for JV
Tata Power Company is looking to form a joint venture with an overseas electrical equipment manufacturing company just two days after ensur...
- Tata Power buys 30% in 3 Indonesian cos
The co will acquire the stakes in three major Indonesian cos owned by PT Bumi Resources Tbk for Rs 4,840 cr.
- Tata Power lines up $1.6-b bid for 30% in Indonesian co
A bidding war is looming large over Indonesia’s largest coal firm Bumi Resources.
- REL, Tata Power eyeing Indonesian coal mine
Corporate giants Reliance Energy Ltd and Tata Power Company are eyeing an equity stake in an Indonesian coal firm - Bumi Resources - to mee...
- Tatas eye $1-b coal assets in Indonesia
Even as the fate of the mega steel acquisition by Tata Steel hangs in balance, Tata Group is in the process of striking yet another global ...