SUMANSPEAKS  |  ESTD 2006  |  CAPITAL MARKETS INTELLIGENCE JUNE 2025  |  MACROECONOMICS & GLOBAL FINANCE SumanSpeaks Independent Capital Markets Intelligence  ·  Estd 2006 sumanspeaks.blogspot.com Macro Currents  |  Currency Architecture  |  Geopolitical Finance The Multipolar Currency Dream Meets Economic Reality Why the rupee's march to global trade currency status will be measured in decades, not headlines Much has been written about the emergence of a multipolar currency system and the gradual erosion of US dollar dominance. The narrative is undeniably seductive: greater monetary sovereignty, reduced exposure to American sanctions architecture, and a s...
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

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