The Business Times
The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

SUBSCRIBERS

India's state miner NMDC plans bid for US$9b diamond mine

Published Tue, Nov 7, 2017 · 09:50 PM
Share this article.

New Delhi

INDIA'S state-owned miner NMDC Ltd plans to bid for a US$9 billion diamond project in the central state of Madhya Pradesh, three sources directly involved with the plan told Reuters, competing against resources conglomerates Adani and Vedanta.

NMDC plans to shortly send a team to Bhopal for talks with state authorities, one of the sources said.

"We initially wanted the central government to directly give us the mine through nomination but it was…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Energy & Commodities

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here