Hindustan Copper may sell 20 per cent stake in two of its copper mines to
NALCO.
The stake sale is aimed at part-financing Hindustan Copper's expansion plans
which are estimated to cost Rs 4,000 crore. NALCO has offered to invest in mines
in Madhya Pradesh and Rajasthan.
NALCO has appointed Icra Management Consultancy Services (IMaCS) for due
diligence and a valuation report on the HCL's Malalanjkhand assets in Madhya
Pradesh. IMaCS will submit its report shortly.
Also See:
Three
shortlisted for Hind Copper's mine work (21-Dec-10)