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Friday, March 22, 2013

Jindal Steel and Power Ltd
Updates
Gujarat NRE  is engaged in mining and producing coal, selling and exporting coal, developing roadways to access new coal seams, and improving and upgrading existing roadways and equipment. The company owns and operates two coking coal mines, the NRE No1 Colliery and the NRE Wongawilli colliery, that have JORC Reseves and Resources of about 125 million tonnes and 652 million tonnes respectively.
   
Shareholder acceptance period of Gujarat NRE Coking Coal's takeover by Jindal Steel & Power will close on 28 March 2013, a day before the original close date.
The acceptance close, which was earlier slated for 29 March, has been moved forward due to Easter Friday.

According to media reports: Jindal had made an unconditional on market bid for Gujarat NRE, making an offer of $0.20  per share.

It already owns 19.48% relevant interest in Gujarat. CLICK HERE