Austral Coke acquires 50% stake in Mozambique Co

Tuesday, September 1st, 2009 | 140 views

Austral Coke & Projects today said that the company through its wholly owned Singapore based subsidiary company Global Astra has acquired 50% stake in Osho Gremach Mining (OGML), Mozambique.
OGML is engaged (or proposes to engage) in the coal mining business in Mozambique.
The company is engaged in the manufacture and sale of coke and refractory products, [...]

For Full Story Click Here ...


RPL 4th subsidiary to be gobbled up by parent

Saturday, February 28th, 2009 | 256 views

NEW DELHI: If the proposal by Reliance Industries (RIL) to merge Reliance Petroleum (RPL) with itself goes through, it will be the fourth such occasion when the company has swallowed its subsidiary company.
In January 1995, two of its subsidiaries, Reliance Polypropylene Ltd (RPPL) and Reliance Polyethylene Ltd (RPEL) were merged with RIL. In the merger [...]

For Full Story Click Here ...