Algomtl
svgfair.com
 
Details
China Equipment goods
Equipment goods

Hindustan Copper courts Nalco to form JV for funding mining projects

alt
Hindustan Copper Limited (HCL) held talks for a possible joint venture with aluminium major Nalco as part of the company's effort to explore alternative options to fund new mining projects. With the company's proposed follow on public offer (FPO) getting delayed, this is one of the options other than raising production, a joint venture with Nalco and external commercial borrowings.
"The timing of the FPO will be decided by the department of disinvestment. We are using the delay in the FPO to explore other means of raising finance. The need for FPO proceeds to fund our projects has also gone down with increase in our internal production," Shakeel Ahmed , CMD of HCL said.
HCL's expansion plan is focused on raising its mining output four-fold to 12 million tonne from its current level of 3.6 million tonne. With LME copper prices ruling at firm levels of $9100 per tonne, the company says it is confident of generating funds from internal sources in the next two years but will face a funds gap in 2013.
"We will able to meet our expansion needs in the current year 2011-12 and the next year (2012-13). However, we will face a fund shortfall of Rs 207 crore in 2013 and we are exploring ways to meet this gap," Ahmed said.
discussions with Nalco for a joint venture. How-ever, this will take time and we will proceed after all the necessary due diligence is done," Ahmed added.
Ahmed added. If HCL decides to tie the knot with Nalco, the JV will mainly be responsible for developing the lucrative Malanjkhand copper mines in MP.
Location : SHICHEN ROAD, 300400 AITANTI,
Contact : tw aluminum, +15 0 22 12 77 19

Good deal: buying from seller

Visit our guide for a secure transaction! Under no circumstances Algomtl can be held responsible for the content of the ads published. Only the sellers and buyers responsability is involved in case of dispute.
We invite you to read our terms of use. You can also visit our FAQ section and see our information section on the risks associated with counterfeiting.
This page is about importers and exporters of
Hindustan Copper courts Nalco to form JV for funding mining projects

Search in a category : Equipment goods
Search in a category :
form, hindustan, courts, nalco, funding, mining, copper
India 342003 B2B Services
Stainless Steel Communion Tray Copper Finish

Thursday, March 02, 2017

Quantity : 50

Product Description Stainless Steel COMMUNION WARE / CHURCH PRODUCTS We offer exclusive range of Communion Ware in high quality of Stainless Steel in smooth matte finish. We manufacture all these products in high quality Stainless Steel in 0.60 mm thickness. Our Communion Ware...

Mayur Exports

Germany 60386 Electronics / Computers
Netgear Switch non manageable 10 Gigabit/multi-Gigabit - GS110MX-100PES

Thursday, June 30, 2022

Quantity : 100

Libérez le potentiel de vos appareils 10 Gigabit/Multi-Gigabit Connectivité Port de console RJ-45 Type de port Ethernet RJ-45 de commutation de base 10G Ethernet (100/1000/10000) Quantité de ports .Gigabit Ethernet (copper) 8 Quantité de ports Ethernet RJ-45 de commutation de base...

MaKant Europe GmbH & Co. KG

  • 60386 - Frankfurt am Main
  • +49 (69) 9 150 750 14
Germany 60386 Electronics / Computers
Netgear Switch non manageable Gigabit Ethernet 5 ports avec PoE+ 4 ports (83 W) - GS305...

Thursday, June 30, 2022

Quantity : 100

Switch non manageable Gigabit 5 ports avec 4 ports PoE+ et un budget de puissance de 83 W pour alimenter les points d'accès sans fil, les caméras IP, les téléphones IP et bien plus encore Données logistiques Largeur du carton principal 23.7 cm Longueur du carton principal 46.9 cm...

MaKant Europe GmbH & Co. KG

  • 60386 - Frankfurt am Main
  • +49 (69) 9 150 750 14
 
Secure payment

Information

Top search