State-owned National Aluminium Company (Nalco) will spend Rs 1,389 crore in the next fiscal for its several long-term expansion programmes, according to the Budget statement. The three mining PSUs --Nalco, Hindustan Copper and Mineral Exploration Corporation of
The other public sector mining firm Hindustan Copper, which is expecting the Cabinet nod for its share sale plan soon, has also earmarked Rs 150 crore for its capital expenditure in 2010-11, almost double of the amount it has planned for the current fiscal. Hindustan Copper, is expected to mainly invest the Rs 150 crore on its mining operations in Rajasthan. The Government is planning to divest 10 per cent of its stake in the proposed Follow-on-Public Offer (FPO) of the copper miner. The company would also raise fresh equity in the same proportion in the two-phased FPO, likely in next fiscal.
crackcrack| Company Name | CMP |
|---|---|
| National Aluminium | 439.05 |
| Maan Aluminium | 149.35 |
| Arfin India | 97.24 |
| Manaksia Aluminium | 32.72 |
| PG Foils | 212.20 |
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