Jaiprakash Power Ventures highest bidder for coal mine in MP
COAL & MINING

Jaiprakash Power Ventures highest bidder for coal mine in MP

Jaiprakash Power Ventures has emerged as the highest bidder for a coal block in Madhya Pradesh. The government put on sale 10 coal mines under commercial coal mining.

While Madhya Bharat Minerals emerged as the highest bidder for a coal mine in Chhattisgarh, Avassa Ferro Alloys bid the highest for a mine in Maharashtra.

Gangaramchak Mining was the highest bidder for a mine in Jharkhand while Terri Mining put in the highest bid for another block in the eastern state.

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Jaiprakash Power Ventures has emerged as the highest bidder for a coal block in Madhya Pradesh. The government put on sale 10 coal mines under commercial coal mining. While Madhya Bharat Minerals emerged as the highest bidder for a coal mine in Chhattisgarh, Avassa Ferro Alloys bid the highest for a mine in Maharashtra. Gangaramchak Mining was the highest bidder for a mine in Jharkhand while Terri Mining put in the highest bid for another block in the eastern state. Also Read Coal ministry to e-auction 10 reserves for commercial mining Madhya Pradesh to not import coal for thermal plants

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Building Material

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Indian shadow bank Shriram Finance gets record $1.28 billion loan

Shriram Finance Ltd. is reported to have borrowed $1.28 billion in a multi-currency social loan, marking the largest offshore facility ever undertaken by an Indian shadow lender. According to a press release issued by Shriram, the deal is divided across the dollar, euro, and dirham. Sources familiar with the transaction, who wished to remain anonymous, indicated that the tenors in the multi-tranche deal range from three to five years. This loan adds to the surge of offshore debt sales by Indian shadow lenders this year, a trend prompted by the Reserve Bank of India's tightening of rules in Nov..

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