± Coal India plans to strike a JV with Shipping Corp.of India in next two months; proposed 50:50 venture is scheduled to offer end-to-end logistics solution to former’s thermal coal import programme. (BL)
± Reliance Power has signed a MoU with the US Exim Bank whereby the latter will make available up to US$5bn to support the purchase of US goods and services over the next three years. (BL)
± Coal India bids for participatory stake in a thermal coal producing asset in Colombia. (BL)
± United Phosphorus plans to invest Rs10bn for acquisitions by the end of current fiscal. (ET)
± Vodafone-Essar has decided to unlock value by demerging its tower business and selling it off to an independent tower company. (FE)
± Essar Group has won the bid for the 1mn tonne Zimbabwe Iron and Steel Company. (DNA)
± GVK Energy is close to sealing a private equity deal where 3i India Infrastructure Fund will invest around Rs12bn in it. (BS)
± Essar Energy of Mauritius plans to buy 60% of Zimbabwe Iron and Steel. (ET)
