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Sesa Goa: Asset mining23-JUN-09
Sesa Goa’s acquisition of Dempo Group’s iron ore assets in Goa bears a stamp of Vedanta Resources Chairman Anil Agarwal’s signature strategy — buy low-value assets, pump investments into them and work to turn them into cash cows. Vedanta’s previous acquisitions of Hindustan Zinc, Balco, Konkola Copper Mines and the 2007 takeover of Sesa Goa have helped the company multiply the value of its metals business.
Dempo now looks at iron ore assets abroad13-JUN-09
For Shrinivas Dempo, the chairman of Dempo group, the sale of the Goa assets to London-listed Vedanta group’s subsidiary, Sesa Goa, is part of a larger plan in the mining sector that includes acquisition of overseas iron ore assets.
Sesa Goa buys Dempo's mining biz12-JUN-09
India Inc seems to have regained its appetite for mergers and acquisitions. In the second-largest acquisition in India's iron ore industry, Sesa Goa, a subsidiary of London-listed Vedanta Resources, today acquired Goa-based Dempo group’s mining and maritime businesses for Rs 1,750 crore in an all-cash deal.
Dempo group to sell 40% stake in iron ore firm16-AUG-08
Sale to fund expansion plans after restructuring. Goa-based Dempo Group is planning to divest 40 per cent in a company that will house its 100-million-tonne iron ore reserve. The group’s iron
Goa Carbon eyes power generation04-DEC-06
Dempo group company, Goa Carbon Limited (GCL), is planning to foray into power generation and has obtained an in-principle approval for the same at the meeting of its board of directors held on
Maharashtra, Dempo in iron ore mining pact13-OCT-06
The Government of Maharashtra signed a memorandum of understanding (MoU) with the mining giant, Dempo Group of Goa, for setting up of a Rs 1,000-crore project for iron ore mining operations at
Dempo plan to invest Rs 850 cr in Jharkhand20-NOV-04
The Dempo group, one of the oldest mining group of Goa, has pledged an investment of Rs 850 crore in three phases in Jharkhand.
  
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