Re: [Goanet] Sesa Goa
On 21 August 2014 10:27, albe...@sancharnet.in wrote: Hi Fred The company founded in 1954 is SESA GOA, now known as Sesa Sterlite and now belongs to the Vedanta majorly owned by Anil Agarwal. Baron Ludovic Toeplitz owned the company known as Scambi Economici SA, and after obtained a mining concession in Goa in 1954 and formed a company called Sesa Goa Limitada in 1954. Scambi Economici SA existed much prior to 1954, Sesa Goa Limitada was formed in 1954 Regards Sanjay Alberto COMMENT: At sometime the Japanese Trading House, Mitsui and Co owned it and sold it for USD800 million to Vedanta. -- DEV BOREM KORUM Gabe Menezes.
[Goanet] Sesa Goa
Hi Fred The company founded in 1954 is SESA GOA, now known as Sesa Sterlite and now belongs to the Vedanta majorly owned by Anil Agarwal. Baron Ludovic Toeplitz owned the company known as Scambi Economici SA, and after obtained a mining concession in Goa in 1954 and formed a company called Sesa Goa Limitada in 1954. Scambi Economici SA existed much prior to 1954, Sesa Goa Limitada was formed in 1954 Regards Sanjay Alberto
[Goanet] Sesa Goa
I see that of all the companies quoted in the stock exchange in India, only the happenings of Sesa Goa are mentioned. Is this the only stock that the members of Goanet have invested in? U. G. Barad
[Goanet] Sesa Goa, Sterlite merger gets court approval
Sesa Goa, Sterlite merger gets Madras High Court nod PTI NEW DELHI, JULY 25: The proposed merger between Sesa Goa and Sterlite Industries, aimed at creating a mega natural resources firm from India, has moved a step closer towards realisation with the nod from the Madras High Court today. “The proposed merger of Sterlite and Sesa Goa and Vedanta Group Consolidation has received the approval of the High Court of Madras on July 25, 2013 and the approval of the High Court of Bombay at Goa on April 3, 2013,” Sterlite said in a statement. As per the merger scheme, Sterlite will be merged into Sesa Goa and a new entity Sesa Sterlite will be created post merger. All other subsidiaries of Vedanta, except Konkola Copper Mines, would be controlled by Sesa Sterlite after completion of the process. The merger would create seventh largest natural resources company of the world (in terms of earnings before interest, taxes, depreciation and amortisation) and a cost saving of Rs 1,000 crore annually, Vedanta had said earlier. The merger scheme has already been approved by most of the regulatory authorities, including Goa Bench of the Bombay High Court, the Competition Commission of India, BSE and NSE. Shareholders of Sterlite and Sesa Goa have already given their approval in June, 2012. A glitch in realising the merger is a review petition filed by a shareholder of Sesa Goa in the Bombay High Court, challenging the court order. However, Sterlite said “hearing before the Division Bench (of Bombay High Court at Goa) has been completed and the order of the Division Bench is awaited.” Post merger, Vedanta would hold 58.3 per cent stake in Sesa Sterlite. As per the scheme of arrangements, Sterlite shareholders would get three shares of Sesa Goa for every five shares held according to the swap ratio. This is second restructuring exercise being attempted by Vedanta Resources as the first one in 2008 had failed due to objections raised by some minority shareholders over valuation of a group firm, Konkola Copper Mines. Cairn India, Hindustan Zinc, Balco, Vedanta Aluminium, Madras Aluminium, Talwandi Sabo Power and Australian Copper Mines will become subsidiaries of Sesa Sterlite after the restructuring. The restructuring would lead to Vedanta’s debt burden on a standalone basis falling to around $3.8 billion.However, Sesa Sterlite, the new entity, would end up with a total debt of about $14 billion. Shares of Sesa Goa fell by 2.24 per cent to close at 139.95 apiece on the BSE and the Sterlite scrip closed down 2.07 per cent at Rs 80.30. -- FN * Independent Journalist http://fn.goa-india.org
[Goanet] SEsa GOa COnvincing ?
--- http://www.GOANET.org --- Protect Goa's natural beauty Support Goa's first Tiger Reserve Sign the petition at: http://www.goanet.org/petition/petition.php --- Sesa Goa explains The self advertisement about its innocence and propriety raises more questions than answers Legally everything is clothed immaculately and that is the problem The justification and explanations will not wipe away the doubts about its functioning Technically it has permissions to dig deeper and deeper in to the bowels of the earth and satisfy its greed Why has it found it expedient to make lakhs in donations to the BJP party coffers? Why was Congress not considered equally in distributing this largess There is a wide gap in donations. Was it to buy political silence? Is it a reward for undue favours received legally? Is it not a fact that the mines of Sesa are situated in BJP dominated areas ? what better way to appease than to get their support and understanding? Why at all the share holders acquiesce to huge amounts? In what way SESA benefited to show such gratitude Of course political donations are perfectly legal and are a norm of the democratic process and that by itself or reflections in balance sheet and Income tax returns will not convince the public There is more to it than meets the eye to covertly hide behind the cloak of secrecy Mr Parikar the PAC chairman will surely no indict the SESA Goa in his valid observations There may not be even a passing reference to their activities You cannot expect to bite the hand that feeds you The speculations that MLA`s representing the constituencies have simultaneously and surreptitiously benefited like wise This wild speculations is logical under circumstances. The PAC report not admitted by the speaker , it is believed is practically silent on the affairs of Sesa, as every thing is legal and transparent on the documents per se. The discriminatory donations to the various party is a clear pointer of favours repaid Remember the Congress is the ruling party and yet it does not stand in preference to the BJP, not even distantly Will MR Parikar make a clean breast publicly about lakhs in donations and mining interests of Sesa ? Nelson Lopes Chichinim
[Goanet] Sesa Goa... and the Ministry of Corporate Affairs' Serious Frauds Investigation office
In the third case, the Ministry of Corporate Affairs' Serious Frauds Investigation office has reportedly recommended the prosecution of mining company Sesa Goa on nine counts, for over-invoicing imports by Rs14.60 crore, sales by Rs42.51 crore, exports by Rs1,002 crore and excess payment of agency commission of Rs40.60 crore. The fraud office has also accused the company's independent directors and statutory auditors for not co-operating in the investigation and recommended that they be prosecuted as well. http://www.moneylife.in/article/sbi-wipro-sesa-goa-cases-are-more-warning-signals-for-auditors-regulators/16792.html
[Goanet] Sesa Goa gets stay order from Delhi HC against Bellary sell-off
Sesa Goa gets stay order from Delhi HC against Bellary sell-off NEW DELHI: Vedanta Group firm Sesa Goa has secured a stay order from the Delhi High Court against the decision taken by Industrial Financial Corporation of India on Bellary Steel sell-off in which JSW Steel was declared the highest bidder. Our dispute is against the process followed by IFCI in the bidding. We have already taken up the matter with the Delhi High Court, which stayed the sale (order) last week, Sesa Goa's Managing Director P K Mukherjee told PTI yesterday. Last month, a consortium of lenders led by IFCI had declared JSW Steel as the highest bidder for acquiring the assets of Bellary Steel and Alloys (BSAL), where Sesa Goa was the only other qualified contender. Our dispute is with the process... We were the only qualified bidder initially and declared successful bidder verbally. Our people were told to come after lunch to collect the allotment letter. When we came back after lunch, we were told that there is another bidder and that bid is only marginally higher than our price, Mukherjee said. While Sesa Goa's bid was at Rs 206 crore, slightly more than the reserve price of Rs 205.63 crore, JSW quoted Rs 210 crore for the assets of Karnataka-based company. The stay order came after we filed a petition and next hearing will be in mid-February, Mukherjee said, while clarifying that Sesa Goa does not have any issues against JSW Steel. We have no problems with JSW at all... Our dispute is with the process, which IFCI followed, Mukherjee said. According to the Delhi High Court website, next hearing has been scheduled on February 22 on the matter. Headquartered in Bangalore, Bellary Steel and Alloys (BSAL) was promoted by S Madhav and S Parvathi, both from the South, according to its website. The company had embarked upon setting up an integrated steel plant, with five lakh tonnes per annum capacity and a provision of taking it to 2 million tonnes, at Bellary -- the place in Karnataka where JSW has its 7.8 mtpa plant. However, BSAL, whose biggest asset is 700 acres of freehold land, could not complete the project and ran into debt. Thereafter, lenders consortium led by IFCI decided to go for sale of the company assets. Bellary Steel is one such asset which is having land at its disposal and it has got all the approvals for 0.5 million tonne capacity. It will be a good opportunity for us to step in as we are already present in Karnataka through our mining operations, Mukherjee said. According to the tender document, inter-se bidding was to be conducted among the eligible bidders and highest bidder was to be declared successful. However, IFCI officials could not be reached for their comments. http://economictimes.indiatimes.com/news/news-by-industry/indl-goods-/-svs/metals--mining/sesa-goa-gets-stay-order-from-delhi-hc-against-bellary-sell-off/articleshow/7366643.cms
[Goanet] Sesa Goa: Sharp iron ore price rise augurs well for company
http://economictimes.indiatimes.com/news/news-by-company/earnings/earnings-analysis-/sesa-goa-sharp-iron-ore-price-rise-augurs-well-for-company/articleshow/7364233.cms Sesa Goa: Sharp iron ore price rise augurs well for company Sesa Goa, a dominant player in the iron ore and allied commodities segment, benefited from a sharp rise in iron ore prices during the quarter to December 2010. Global iron ore traded at an average price of $160 per tonne in the third quarter, a nearly three-fifth jump compared with a year ago, and that helped Sesa Goa offset the fall in the commodity's sales volume. Iron ore is a key input for the steel industry. The company's consolidated revenue rose 20% year-on-year to 2,250 crore in the quarter, but that could not prevent a 700 basis points fall in its operating profit margin to 55%. Also, the 20.6% year-on-year fall in iron ore volumes sold resulted in the slowest growth in quarterly net sales during the current financial year. Sesa Goa also had to grapple with a higher cost structure, like logistics at its mines in Goa, and that led to a fall in its operating margins. The company's iron ore output in the quarter was also curtailed due to unprecedented monsoons in Goa last year. However, higher realisations helped net profit rise 29% year-on-year during the third quarter to 1,065.3 crore. The results were declared after the close of Monday trade, and on Tuesday, the stock ended 1.3% lower at 326. Global iron ore prices have gone up further over the last few weeks and reports indicate spot prices at close to $ 180 per tonne levels. The current price is not too far from the all-time high of $ 200 per tonne seen in early 2008, say analysts. The rise in iron ore prices comes when demand from the steel industry in emerging markets has been strong and flooding is likely to disrupt supplies from Australia in the short term. Media reports indicate that global suppliers of iron ore are shifting to more short-term, monthly contracts compared with the traditional quarterly contracts, to get better realisations. This positive outlook for iron ore prices should help drive realisations and net profit at Sesa Goa over the next few quarters. Sesa Goa trades at a P/E of seven times on a trailing four-quarter basis. Given the buoyancy in iron prices, the stock still looks attractively priced.
[Goanet] Sesa Goa shareholder moves SC against Cairn deal
Sesa profits are mostly earned in Goa and by just digging and hauling resources from the Mother Earth. Several opinions have been expressed that the ore belongs to Goan people and therefore the benefits must go to Goans. The profits earned by Sesa are now being used to satiate the ego of a non-Goan individual, who wants to pride that he has oil drilling under his belt. Atleast if the money was invested in industry in Goa, it would have generated employment in Goa. Incidentally, 700 Goan engineers pass out every year. Of these, hrdly 100 get placed in Goa. Remaining are forced to migrate to Bangalore, Pune etc. In response to Economic Times news: Sesa Goa has cash reserve of Rs 7,835 crore as of March 2010. http://economictimes.indiatimes.com/news/news-by-industry/indl-goods-/-svs/metals--mining/Sesa-Goa-shareholder-moves-SC-against-Cairn-deal/articleshow/6435136.cms * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * Goa-launch of the well-received *Into The Diaspora Wilderness* by Selma Carvalho on Aug 29, 2010 (Sunday) at 11 am at Ravindra Bhavan, Margao. Meet the author, buy a signed copy (only Rs 295 in Goa till stock lasts). http://selmacarvalho.squarespace.com/
[Goanet] Sesa Goa tumbles as Govt reverses earlier nod
Sesa Goa tumbles as Govt reverses earlier nod Equity increase seen as earnings-dilutive Brakes: Less than a week after Vedanta University's environmental clearance was put onhold, the Centre has suspended the environmental clearance issued to another Vedantagroup company for an iron ore mine in North Goa. Our Bureau Kolkata, May 18 Sesa Goa on Tuesday declined by over 5 per cent to close at Rs 369. According to market sources, suspension of environmental clearance by the Ministry of Environment and Forests for one of its unexplored mines in Goa on Monday and an equity increase by the company through conversion of foreign currency convertible bond (FCCB) had their impact on the stock price. Some 22 lakh shares changed hands on the BSE on Tuesday. The Ministry's action came after the National Environment Appellate Authority ordered suspension until a visit of an environmental appraisal committee and examination of the reasons for local opposition to the mines and the impact on agriculture, health and environmental conditions. The proposal for iron ore mining ore was cleared by the Ministry in June last year. According to the Ministry, the proposed mine at two villages in North Goa on a lease area of 43 hectares was for open cast mining of 0.20 million tonnes of ore per annum. The total deposits were estimated at 0.95 million tonnes and the life of the mine was projected to be 12 years. The cost of the project, including a pelletisation plant, was estimated to be Rs 350 crore. FCCB CONVERSION On Monday, the company allotted fresh shares on conversion of FCCBs. The enlargement of paidup equity share capital of the company is earnings-dilutive. So it also had its impact on the stock price on Tuesday, said a dealer. Analysts said the suspended environmental clearance has less to do with the company financial position than the sentiment. The company, which is part of the Vedanta group, appears to be gathering an antipeople image wherever it proposed mining projects in the country, said an analyst with an investment advisory. http://www.thehindubusinessline.com/2010/05/19/stories/2010051953441001.htm
[Goanet] Sesa Goa Gets Probe Notice from Fraud Investigation Agency
Sesa Goa Gets Probe Notice from Fraud Investigation Agency By PRASENJIT BHATTACHARYA NEW DELHI -- Sesa Goa Ltd., a unit of Vedanta Resources Plc, said Thursday it has received a notice from India's federal fraud investigation agency for a probe into its finances and management between 2001 and 2009. The scope of investigation includes looking into the state of affairs of the company... in respect of mismanagement, malpractices, financial and other irregularities, Sesa Goa said in a statement to the Bombay Stock Exchange. Sesa Goa, India's second-largest iron ore miner by sales, said it will fully cooperate with the investigation. It didn't say when the probe would begin, but the Serious Fraud Investigation Office said the investigation will be completed in the next six months. Sesa Goa said the order for the investigation may have originated from a shareholder complaint in 2003 before Sesa Goa was acquired by Vedanta. Write to Prasenjit Bhattacharya at prasenjit.bhattacha...@dowjones.com http://online.wsj.com/article/SB125679572352815329.html?mod=rss_about_india * * * SFIO probes Sesa Goa for financial fraud October 29, 2009 16:56 IST The government has ordered the Serious Fraud Investigation Office, to probe into mismanagement and financial irregularities in Vedanta Group-owned Sesa Goa [ Get Quote ] and its subsidiary Sesa Industries (SIL), the company said on Thursday. The scope of SFIO investigation include looking into the state of affairs of the company and its subsidiary Sesa Industries Ltd, in respect of mismanagement, malpractices, financial and other irregularities, Sesa Goa said in a filing to the Bombay Stock Exchange [ Images ]. The SFIO enquiry, to be completed in six months, follows a probe by registrar of companies which was looking into Sesa Goa's case since 2003. The company... has received request from the RoC for information for the period from 2001 to 2009, the statement said, adding it also received an intimation for the SFIO probe from the Ministry of Corporate Affairs yesterday. Clarifying its position, Sesa Goa said, the company believes that the investigation originates from the complaints filed by one of the shareholders of SIL against SIL, the company and the directors in 2003, prior to the acquisition of the company by Vedanta in April 2007. The company added it will fully cooperate with the investigation and expressed its commitment to follow the highest norms for corporate governance and transparency. Following the announcement, Sesa Goa shares fell as much as six per cent in morning trade on the BSE. It was trading down 1.69 per cent in the afternoon session. Allegations against the company, official sources said, also include diversion of funds. The RoC had submitted its report on Sesa Goa early last week. On Wednesday, Corporate Affairs Minister Salman Khurshid had termed the inspection as a normal procedure and said, These inspections are procedures that have to be followed before taking a final decision. Meanwhile, another case pertaining to merger of Sesa Goa, the country's leading iron ore producer, with its subsidiary Sesa Industries is pending before the Supreme Court. The London-based Vedanta Resources in 2007 had acquired a 51 per cent controlling stake in Sesa Goa from Mitsui Co, for $981 million. http://business.rediff.com/report/2009/oct/29/sfio-probes-sesa-goa-for-financial-fraud.htm * * * Vedanta unit Sesa Goa under fraud investigation By Pratish Narayanan and Ruchira Singh MUMBAI (Reuters) - Sesa Goa (SESAGOA.NS : 299.55 +3.95), a $5 billion unit of London-listed metals group Vedanta Resources, is being investigated by the government for financial and other irregularities. India's largest iron-ore exporter said on Thursday it and its unlisted Sesa Industries Ltd (SIL) subsidiary were under investigation by the Serious Fraud Investigation Office (SFIO), and the probe had to be completed in six months. The investigation comes 10 months after India's biggest corporate scandal, a $1 billion fraud at IT services firm Satyam (SATYAM.BO : 100.6 -5.65) Computer. I think the overseas investors will be very happy that the regulatory agencies in India are becoming more and more intrusive in company affairs, said Rishi Sahai, managing director of Cogence Advisors, a New Delhi-based corporate advisory firm. There is an increased focus on protecting shareholders' interest, he said. Sesa Goa said it believed the investigation originated from a complaint filed in 2003 by a shareholder of Sesa Industries. Vedanta bought a 51 percent stake in Sesa Goa in 2007 for nearly $1 billion from Japanese trading house Mitsui Co. The company said it received requests from the Registrar of Companies for information from 2001 to 2009. The scope of investigation includes looking into the state of affairs of the company and SIL in respect of mismanagement, malpractices, financial and other irregularities, Sesa Goa said in a statement. Mitsui said it had
[Goanet] Sesa Goa: Asset mining
http://www.business-standard.com/india/news/sesa-goa-asset-mining/361833/ Sesa Goa: Asset mining Nevin John / Mumbai June 23, 2009, 0:24 IST Sesa Goa’s acquisition of Dempo Group’s iron ore assets in Goa bears a stamp of Vedanta Resources Chairman Anil Agarwal’s signature strategy — buy low-value assets, pump investments into them and work to turn them into cash cows. Vedanta’s previous acquisitions of Hindustan Zinc, Balco, Konkola Copper Mines and the 2007 takeover of Sesa Goa have helped the company multiply the value of its metals business. Along the same line, Agrawal-controlled Sesa Goa aims to scale up its iron-ore trade volume through the Rs 1,750-crore Dempo deal. Sesa now has access to Dempo’s 21 mines in Goa with mineable resources of around 70 million tonne. At present, Sesa is the largest exporter to China where demand is picking up after the slump. Dempo, on its part, has international clients like Nippon Steel of Japan, Jinan Iron Steel, Quingdao Steel of China and Noble Group of Hong Kong. Ambit Corporate Finance Vice-president Ashim Bhuwania, the financial advisor of the deal, says that the acquisition brings strong operational synergies to Sesa Goa. “In Goa, some of the Sesa and Dempo mines share common boundaries and some of them are located close to each other. Sesa has a track record of ramping up production capacity and improving efficiency, which will improve the value of the assets acquired,” adds Bhuwania. Industry analysts say that Sesa is toeing the global trend where mining companies are consolidating assets for better price bargaining and market control.
[Goanet] Sesa Goa repulsed again in Advalpal today
Close to the heels of arrests of Shamsuner Naik and Vijay Vijay Pandluskar by Bicholim Police at the instance of Sesa Goa mining company yesterday, the company today again tried to dig the village space of cremetorium and water pond. The Sesa Goa mining company officials and labourers were chased away from the site by the villagers. The modus operandi of the mining company is very clear : Release the Bicholim police on the Advalpal villagers and then dig up the village for Iron Ore. The battle is on. it remains to be seen as to how long Goa Police is going to function as the lackey of the notorious mining companies. of course things can go on indefinably as Sesa Goa has paid enough on record in their annual report: Goa Pradesh Congress Committee (GPCC) Rs. 28 lakhs, Bharatiya Janata Party (BJP) Rs. 28 lakhs, Save Goa Front (SGF) Rs.5 Lakhs, Maharastrawadi Gomatak Party (MGP) Rs.5 lakhs, Nationalist Congress Party (NCP) Rs. 5 Lakhs and Shiv Sena Rs.1 Lakh. This will ensure that none of these Political Parties will speak up for Advalpal or any other village while mining company goes on its rampaging mission. Advalpal can become a mining pit. Who cares? Goa government is ruled from the mining pits - ruling parties as well as the opposition! Sebastian Rodrigues _ Live Search extreme As India feels the heat of poll season, get all the info you need on the MSN News Aggregator http://news.in.msn.com/National/indiaelections2009/aggregator/default.aspx
[Goanet] Sesa Goa Q4 net soars on higher ore price, volumes
http://www.thehindubusinessline.com/2008/04/30/stories/2008043051650200.htm Sesa Goa Q4 net soars on higher ore price, volumes Proposes bonus in the ratio of 1:1, stock split Our Bureau Mumbai, April 29 Nearly a doubling of iron ore prices in the last one year, coupled with higher production and sales, helped Sesa Goa Ltd (SGL) more than treble its standalone net profit for the quarter ended March 31, 2008 to Rs 798.30 crore against Rs 252.33 crore in the year-ago quarter. Its standalone sales from operations crossed the Rs 1,644-crore mark during the quarter compared with Rs 760.11 crore in the same period of the previous fiscal. On a consolidated basis, the London-listed Vedanta Group controlled company notched up a net profit of Rs 811.58 crore in the quarter, up by nearly 209 per cent from Rs 263.34 crore in the year-ago period. Similarly, its consolidated net sales increased by 108 per cent to Rs 1,705 crore (Rs 819 crore). The board of directors has recommended a final dividend of Rs 30 for one equity share, apart from a bonus issue and stock split. An indication of the higher price realisation from iron ore can be had from the fact that the company's iron ore sales was about five million tonnes (mt) during the quarter compared to 4.5 mt in the year-ago quarter. Even then, its standalone revenue from iron ore was Rs 1,537 crore (Rs 701.26 crore). Mr P.K. Mukherjee, Managing Director, said the higher price realisation was only one of the driving factors for the growth. He said on an average the ore prices increased from $40- $45 a tonne to $80- $90 a tonne in the last one year. It is not that we decide the prices. We get offers from our buyers and then we take a position, he pointed out. The positive impact of higher prices and volumes was, however, partly offset by the appreciation of the rupee against the dollar by about 11 per cent, increase in logistic costs and export duty. Exports increased by 14 per cent during the last fiscal as compared to the previous year. The company registered the highest-ever quarterly and annual iron ore sales of 5 mt and 12.4 mt respectively. Its annual iron ore sale of 12.4 mt was higher by 14 per cent over the previous fiscal. Its consolidated annual sales were also the highest ever at Rs 3,823 crore, up by 72 per cent compared to 2006-07. Mr Mukherjee expected the company to maintain a 25 per cent volume growth in iron ore sales in the current fiscal.
[Goanet] Sesa Goa net profit more than double
Sesa Goa net profit more than double Mumbai, April 29 : Iron ore exporter Sesa Goa Ltd, a subsidiary of Vedanta Resources, has announced a net profit of $385.37 million (Rs.15.41 billion) during 2007-08 compared to $161.52 million of the previous fiscal. The total income increased to $974.2 million for the fiscal from $565.7 million of 2006-07. For the fourth quarter (January-March) of the year under review, the company posted a profit after tax (PAT) of $373 million compared to $151.6 million of the year-ago period. Considering the robust growth, the board of directors recommended a dividend of Rs.30 per share on the existing capital. --- IANS
[Goanet] Sesa Goa vaults due to delisting buzz
--- http://www.GOANET.org --- Symposium on Pre-Primary Primary School Education Primary School Students Chess Tournament More information at: http://lists.goanet.org/pipermail/goanet-goanet.org/2008-January/068222.html --- http://www.business-standard.com/common/news_article.php?leftnm=10autono=311394 Sesa Goa vaults due to delisting buzz DALAL STREET SPIKES BS Reporter / Mumbai January 23, 2008 Investors bought Sesa Goa on buzz that it was being delisted by Vedanta group. The stock vaulted by 4.63 per cent to Rs 2617.44 a share and over 2 lakh shares changed hands on the Bombay Stock Exchange. The stock touched a high of Rs 2800 and a low of 2200 a share in a market that had a free fall. Sesa Goa, an iron ore mining company of the Vedanta group, is into iron ore mining, beneficiation and exports. It also manufactures pig iron and metallurgical coke.
[Goanet] Sesa Goa usurps village land in Naveli, Bicholim, Goa
--- http://www.GOANET.org --- Follow the online presence of the Museum of Christian Art, Old Goa Contacts: Tel: +91 832 2285299 Email:[EMAIL PROTECTED] http://christianartmuseum.goa-india.org/ --- For their Pig Iron Ore Plant Sesa Goa has established control over 25 lakh square meters of land in Naveli village of Bicholim Takula in Goa. This was disclosed by a vigilant villager Nilkhant Gawas at Seminar on Environmental Issues of Goa: Mining, Sponge and Pig Iron Ore Plants organised at Government middle school, Naveli by Nature Environment Society and Transformations (NEST) in collaboration with Naveli Village Panchayat and Shikshan Sanghatna, Naveli on August 19 2007. Bcause of Sesa's Pig Iron Ore Plant that borders Amona village, village is polluted with graphite and innumerable sickneses have come about. There are two beneficiation plants in the village to wash iron ore for exports that fetch foreign exchange for India and fortunes for mining companies. Sesa Goa earlier was Italian company, in the mid 1990s it was taken over by Japanese company Mitsui and in 2007 it is purchased by Anil Agrawal owned Vedanta group known for poor environmental records. Sesa Goa also has other mining sites in villages such as Pissurlem, in Sattari, Goa where it has destroyed this village with other mining companies. Sesa Goa is biggest mining companies in Iron Ore exports trade in India. The other land grabbers are mining companies Damodar Mangaljis 4 lakh square meters, Dempo mining corporation 3.5 lakh square meters, Fomento mining company 2.5 lakh square meters, Timblos mining company 1.5 lakh square meters, and former cop Santoba Desai 50,000 square meters of land. The total land grab of the village amounts to 37 lakh square meters. Industry is trying hard to quell the protest in Naveli. It remains to seen as to how long they are able to postpone the oncoming hurricane. Sebastian Rodrigues Visit my blog at http://www.openspaceforum.net/twiki/tiki-view_blog.php?blogId=17 _ Spice up your IM conversations. New, colorful and animated emoticons. Get chatting! http://server1.msn.co.in/SP05/emoticons/
Re: [Goanet] Sesa Goa
* G * O * A * N * E * T C * L * A * S * S * I * F * I * E * D * S * Enjoy your holiday in Goa. Stay at THE GARCA BRANCA from November to May There is no better, value for money, guest house. Confirm your bookings early or miss-out Visit http://www.garcabranca.com for details/booking/confirmation. Bhau Chopsticks(BC), I'm not sure the Italians nor Japanese could run it better than the man who built the world's largest steel company from scratch. Using a fork and knife to put food in your hands, I'm afraid does not make you an expert in the steel industry. Sunith BC writes: As for Sesa Goa the company was run well by the Italics. They built the foundations for those rising share prices. Francis D' Melo tell these annadis something about Sesa.
[Goanet] Sesa Goa
* G * O * A * N * E * T C * L * A * S * S * I * F * I * E * D * S * Enjoy your holiday in Goa. Stay at THE GARCA BRANCA from November to May There is no better, value for money, guest house. Confirm your bookings early or miss-out Visit http://www.garcabranca.com for details/booking/confirmation. Sesa Goa belonged to the Italics until bharat forced them to share their shares. If Mittals buy the company then Goans can be assured that more Bihar will be in Goa. BC [EMAIL PROTECTED] Content-Type: text/plain; charset=ISO-8859-1; format=flowed I would be interested in knowing on what grounds you decide on whom to fight tooth and nail and why the Italians, Portuguese, Japanese, or Chinese (even if via Macau) might be preferable to Bharats to use your label ___ Inbox full of unwanted email? Get leading protection and 1GB storage with All New Yahoo! Mail. http://uk.docs.yahoo.com/nowyoucan.html
Re: [Goanet] Sesa Goa
* G * O * A * N * E * T C * L * A * S * S * I * F * I * E * D * S * Enjoy your holiday in Goa. Stay at THE GARCA BRANCA from November to May There is no better, value for money, guest house. Confirm your bookings early or miss-out Visit http://www.garcabranca.com for details/booking/confirmation. I would be interested in knowing on what grounds you decide on whom to fight tooth and nail and why the Italians, Portuguese, Japanese, or Chinese (even if via Macau) might be preferable to Bharats to use your label Man, if by some chance India comes to play a growing role in the global economy (okay, I'm not too optimistic it will, unless it can fight poverty and illiteracy and such problems) you're going to have a tough time in avoiding allergic reactions every now and again. FN On 02/03/07, Bernado Colaco [EMAIL PROTECTED] wrote: Goans working for Sesa Goa and those in Goa and else where should fight tooth and nail to deter the sale of this company. Or else there will be more Goans out of work. Unfortunately the core employees are bharats. -- FN M: 0091 9822122436 P: +91-832-240-9490 (after 1300IST please) http://fn.goa-india.org http://fredericknoronha.wordpress.com What bloggers are saying about Goa: http://planet.goa-india.org/
Re: [Goanet] Sesa Goa
* G * O * A * N * E * T C * L * A * S * S * I * F * I * E * D * S * Enjoy your holiday in Goa. Stay at THE GARCA BRANCA from November to May There is no better, value for money, guest house. Confirm your bookings early or miss-out Visit http://www.garcabranca.com for details/booking/confirmation. From: Bernado Colaco Goans working for Sesa Goa and those in Goa and else where should fight tooth and nail to deter the sale of this company. Or else there will be more Goans out of work. Unfortunately the core employees are bharats. BC = Hello Chopsticks . It is the Japanese Mitsui Corp which is planning to sell its 51% equity stake in Sesa Goa. Now here is something to interest you: a Brazilian Company called CVRD is also bidding for Sesa Goa. One of the people involved in the bid is a Goan - Elson de Barros Gomes Jr, Honorary Consul of India in Minas Gerais, Brazil. Coincidentally Elson wrote to me yesterday My favorite food that my mother does with lot dexterity are lentils as moong, masur, tur, and channa I also like a lot of the chutneys that she does of mango from Karela or Brinjal . and that is why I cannot loose weight. For a photograph and profile of Elson check out the photo gallery at http://www.goanvoice.org.uk/ Cheers, Eddie Fernandes
[Goanet] Sesa Goa
* G * O * A * N * E * T C * L * A * S * S * I * F * I * E * D * S * Enjoy your holiday in Goa. Stay at THE GARCA BRANCA from November to May There is no better, value for money, guest house. Confirm your bookings early or miss-out Visit http://www.garcabranca.com for details/booking/confirmation. Goans working for Sesa Goa and those in Goa and else where should fight tooth and nail to deter the sale of this company. Or else there will be more Goans out of work. Unfortunately the core employees are bharats. BC Four firms in final race for Sesa Goa Kausik Datta / Mumbai February 28, 2007 Mining firm's stock scales 52-week high of Rs 1,947.85. Four bidders ? Brazilian miner CVRD, the world's largest steelmaker Arcelor Mittal, the Anil Agarwal-controlled Vedanta and the Aditya Birla group's privately held entity Essel Mining Industries ? are in the last round of bidding for the country's largest mining company, Sesa Goa. ___ New Yahoo! Mail is the ultimate force in competitive emailing. Find out more at the Yahoo! Mail Championships. Plus: play games and win prizes. http://uk.rd.yahoo.com/evt=44106/*http://mail.yahoo.net/uk
