NMDC to acquire stake in Kudremukh Iron Ore
MUMBAI (Reuters) – State-owned NMDC Ltd will acquire a majority stake in Kudremukh Iron Ore Co Ltd (KIOCL), federal steel minister Virbhadra Singh said on Wednesday.
“This partnership acquisition will ensure continuous supply of iron ore to KIOCL from NMDC,” he told reporters at a press conference.
KIOCL will also acquire a stake in NMDC, he said.
(For more news on Reuters Money click in.reuters.com/money)
source: Reuters
Tags: hot stock news, kudremukh iron ore, nmdc, nmdc news, share market news, stock market
Similar Posts:
Latest Query
- by Sam
Search Our Archives
Research Desk
- Stocks Trading above their 50 day moving average - DMA In Stock Research
- Download free Ebooks based on Technical Analysis In Personal Training
- TOP 100 Stocks with the Highest P/E as on July 14th, 2013 In Stock Research
- TOP 100 Stocks with the Lowest P/E as on July 14th, 2013 In Stock Research
- Charting Pathsala - Your guide to Techincals In Technical Analysis