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IDCOL seeks new mines for Kalinga Iron Works13-NOV-09
The state owned Industrial Development Corporation of Orissa Limited (IDCOL) has sought allotment of new mines to meet the blast furnace (BF) grade ore requirement of Idcol Kalinga Iron Works Limited (IKIWL) located at Barbil.
SFIO probes into Sesa Goa for financial irregularities29-OCT-09
The government has ordered the SFIO to probe into mismanagement and financial irregularities in Vedanta Group-owned Sesa Goa and its subsidiary Sesa Industries (SIL), the company said today.
Sesa Goa gets govt letter ordering probe29-OCT-09
Vedanta Group firm Sesa Goa today said it has received a letter from the Government of India on Thursday, ordering an investigation into the company.
Sesa Goa crashes on fears of SFIO enquiry27-OCT-09
The stock touched a low of Rs 274 - down over 13% and finally ended at Rs 276 - down 12.5%. Over 5.59 million shares were traded on the BSE today.
SFIO to probe Sesa Goa accounts27-OCT-09
The Serious Fraud Investigation Office (SFIO) has initiated an inquiry into Vedanta group company Sesa Goa. The scope includes verifying the past eight years’ financials, said a government official. “The investigation period also includes the time after Vedanta acquired Sesa Goa in April 2007. The movement of the share prices will be checked as part of the investigation,” said the official.
Sesa Goa: Realisations drop22-OCT-09
Sesa Goa saw its profits and revenues fall a whopping 50 per cent and 38 per cent, respectively, on a year-on-year basis for the September 2009 quarter even as it sold more iron ore and pig iron. Although the performance includes the numbers of Dempo Mining, acquired in June this year, the Street was disappointed.
Sesa Goa tumbles 8% on drop in net21-OCT-09
The stock tumbled to a low of Rs 317 and finally settled at Rs 319, down 8% from the previous close. The counter clocked volumes of 4.2 million shares as compared to the two-week daily average traded volumes of 3.68 million shares.
Bullish sentiment in new Samvat19-OCT-09
Brace for short-term correction.
Sesa Goa shines on fund-raising plans06-OCT-09
The stock gained further to a high of Rs 279 and finally ended with a gain of 3% at Rs 275. The counter witnessed trades of over 2.59 million shares on the BSE today.
Sesa Goa seeks shareholders nod for Rs 6,000 cr fund raising05-OCT-09
Domestic mining firm Sesa Goa today said it will seek shareholders approval for raising up to Rs 6,000 crore by issuing securities in the domestic as well as overseas markets.
Cos raises over Rs 14,000 cr in upbeat mkt28-SEP-09
Seven companies, including Reliance Industries and JP Associates, have raised over Rs 14,000 crore by way of treasury stock sale, private placements and bond issues in the second quarter of this fiscal.
Sesa Goa to raise up to Rs 6,000 crore26-SEP-09
Iron ore exporter Sesa Goa said on Friday it would raise Rs 6,000 crore by issuing various securities in domestic and overseas markets for funding its business plans.
Sesa Goa to raise Rs 6,000 cr for capex, acquisitions25-SEP-09
Domestic mining firm Sesa Goa today said it will raise funds to the tune of Rs 6,000 crore through the issue of various securities in domestic as well as overseas markets.
Sesa Goa: Owners raise their stake25-SEP-09
The purchase of an additional stake in the company has boosted the stock price.
Sesa Goa to raise Rs 2,400 cr via FCCB issue24-SEP-09
Domestic mining company Sesa Goa today said it will raise $500 million (nearly Rs 2,400 crore) by offering foreign currency convertible bonds (FCCBs) for financing the company's growth plans.
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