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HANCOCK COAL ASSETS
- GVK Power acquires Australia's Hancock Coal for $1.26 billion, plans to invest $10 billion moreGVK Power said it has agreed to acquire Australia's Hancock Coal for $1.26 billion, in one of the largest overseas acquisitions by an India...
GVK Coal under debt burden of $885 millionGVK Coal Developers, which owns mines in Australia, is burdened with $885 million of debt, according to GVK group's annual report.- Societe Generale pulls out of GVK’s Australian projectThe key focus for our projects, at this point in time, is finalising our approvals and addressing litigious challenges to our attained appr...
- GVK faces October deadline to pay $560 million for Australia coal assetsA senior GVK executive, who spoke on condition he was not named, confirmed the payment is yet to be made and is due next month.
- GVK to sell 51% of Hancock’s Coal Infrastructure to AurizonAn over-stretched balance sheet forcing GVK to sell 51% stakes in its key Australian energy assets to rail-freight company Aurizon.
- Australian Prime Minister Julia Gillard attacks Queensland government over GVK's coal projectGillard has lashed out at the Queensland government over its handling of India's GVK Group's huge USD 10 billion Alpha Coal mine project.
- GVK Power & Infrastructure gets green nod for $10-bn Australia coal, rail projectInfrastructure conglomerate GVK has received environmental clearance from the Queensland government in Australia for its Alpha coal and rai...
- GVK looking to offload stake in Australia's Hancock Coal minesGVK group is looking to sell part of its stake in Hancock coal mines in Australia to raise funds for development of the Australian assets t...
- GVK Power & Infrastructure eyes 7,500 MW thermal power capacity by 2016-17GVK Power and Infrastructure, the flagship company of Hyderabad-based GVK group, is planning to have 7,500 MW thermal power
- Hancock Deal: GVK Group to invest $6 bn for asset developmentGVK Group, which has announced to acquire assets of Hancock Coal in Australia, is likely to invest additional USD 6 billion.
- GVK Power pares gains; Goldman maintains 'Hold'GVK Power and Infrastructure Ltd pared their morning gains and turned negative after registering a rise of over 7% in trade today
- GVK Power shares rise 7% on Hancock deal; Goldman maintains 'Hold'GVK shares rose 7% in early trade on Monday after it announced to pay $1.26 bn for a majority stake in Hancock Group.
- GVK Power & Infrastructure to acquire 80% stake in Hancock Coal assets for $1.2 billionGina Rinehart, the promoter of Hancock prospecting will continue to hold 20% stake in the company.
- GVK Power to raise $1.2 bn debt for Hancock Assets buy; stock downGVK Power, a unit of infrastructure major GVK Group, is raising $1.2 billion as debt to part fund its acquisition of Hancock mines in Austr...
- GVK Power to raise $1.2 bn debt for Hancock Assets buyGVK Power, a unit of infra major GVK Grp, is raising $1.2 bn as debt to part fund its acquisition of Hancock mines in Australia.
- Hancock's jacked-up valuation turns potential deal-breaker for GVKGVK's bid to acquire Hancock's coal mines has hit a couple of potential deal breakers spurred mainly by rising coal prices.
- Jindals, Reddys may jointly bid for Hancock's assetsThe Jindals and the Reddys of the GVK Group could join hands with a third Indian company to offer a combined bid for the coal assets of Aus...
- GVK, JSW unit may submit fresh bids for Hancock's coal assetsJSW Energy and GVK Power and Infrastructure will have to submit fresh bids for acquiring two coal assets put on the block by Hancock Coal a...
- Hancock Coal wants joint bid for two assets; asks JSW Energy & GVKPIL for renewed bidsThe company has now asked for renewed bids from JSW Energy & GVK Power & Infrastructure (GVKPIL) according to three independent sources. Th...
- Indian core cos eye coal assets of Australia firmIndian infrastructure and metal companies such as GVK Power, GMR Infrastructure, JSW Steel and Essel Mining of the Aditya Birla group have ...
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