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Tata Group Said to Consider Bidding for Australian Coal Producer New Hope
Nov. 04, 2011 08:59AM PST
Industrial MetalsBloomberg reported that Tata Group is considering an offer for New Hope (ASX:NHC) as it seeks to acquire coal assets.
Bloomberg reported that Tata Group is considering an offer for New Hope (ASX:NHC) as it seeks to acquire coal assets.
As quoted in the market news:
Tata Steel Ltd., India’s largest producer of the alloy, and Tata Power Ltd. may jointly make an offer for Ipswich, Queensland-based New Hope, said the people, declining to be identified because discussions are at an early stage. Both Tata Steel and Tata Power require coal to run their plants.
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