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Thursday, July 28, 2011

India's Jindal Steel shortlisted for Bandanna bid-executive

Thu Jul 28, 2011

NEW DELHI, July 28 (Reuters) - India's Jindal Steel & Power has been shortlisted for a bid by Australian coal explorer Bandanna Energy , its deputy managing director Sushil Maroo said on Thursday.

Bandanna said earlier this month it had asked potential bidders for the company to provide binding offers after shortlisting parties as part of a strategic review. The proposed bids included individual project assets and corporate-based transactions.

Indian state-run power utility NTPC has already said it has been shortlisted.

India's Aditya Birla, JSW Steel , and China's CITIC Resources Holdings are among interested parties looking at the company, sources had told Reuters in May.

(Reuters)

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