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April 27, 2015 6:04 AM ET

Metals and Mining

Company Overview of Aryan Mining & Trading Corporation Pvt. Ltd.

Company Overview

Aryan Mining & Trading Corporation Pvt. Ltd. engages in mining iron and manganese ores. The company was founded in 1936 and is based in Kolkata, India. As of October 20, 2008, Aryan Mining & Trading Corporation Pvt. Ltd. operates as a subsidiary of Stemcor Holdings Limited.

8th Floor

Aryan House

P1 Hide Lane

Opp. Ling Liang Chinese School

Kolkata,  700073

India

Founded in 1936

Phone:

91 33 2236 4601

Fax:

91 33 2236 4602

Key Executives for Aryan Mining & Trading Corporation Pvt. Ltd.

Aryan Mining & Trading Corporation Pvt. Ltd. does not have any Key Executives recorded.

Aryan Mining & Trading Corporation Pvt. Ltd. Key Developments

Major Indian Companies Shortlisted To Bid For Stemcor's India Assets

Bidder companies for the final bidding of Stemcor India Pvt Ltd's assets of Aryan Mining & Trading Corporation Pvt. Ltd. which have enterprise value of $800 million have been shortlisted. The companies include Tata Steel Limited (BSE:500470), Essar Steel India Limited, Jindal Steel & Power Ltd. (BSE:532286), Glencore Xstrata plc (LSE:GLEN) and JSW Steel Ltd. (BSE:500228). Essel Mining & Industries Limited and Bhushan Steel Limited (BSE:500055) are also in race will have to submit their final and binding bids by the third week of November 2013, the source said. "Almost all the major Indian steel and mining companies had placed the initial bid for Stemcor Holdings Limited's Indian assets. Stemcor recently communicated to shortlisted firms for putting their final bids," the source said. Stemcor Holding operates through a subsidiary Aryan Mining & Trading Corporation Pvt. Ltd. (AMTC). Interested parties also include Electrosteel Castings Limited (BSE:500128), Adhunik Metaliks Limited (BSE:532727), Vale S.A. (BOVESPA:VALE5), Vedanta Resources plc (LSE:VED), Steel Authority of India Limited (BSE:500113) (SAIL) and others. SAIL ad also put in an indicative bid for buying 51% stake in AMTC.

VISA Steel Eyes Stemcor's Assets

VISA Steel Ltd. (BSE:532721) has expressed interest in acquiring assets of Stemcor India Pvt Ltd in Odisha that includes an iron ore pellet plant and stakes in an iron ore and manganese mine. Others interest in Stemcor assets are Tata Steel Limited (BSE:500470), Jindal Steel & Power Ltd. (BSE:532286), Essar Steel India Limited and MESCO Steel Pvt. Ltd. “We are very much interested to acquire Stemcor property. We have sent proposals in this regard,” said Vishal Agarwal, Managing Director of Visa Steel. The assets are valued at $700 million - $800 million. Trade sources confirmed that Stemcor is in talks to divest its iron ore pellet plant at Kalinganagar. Aryan Mining & Trading Corporation Pvt. Ltd. has denied reports about sale of mining assets. It stated: “Stemcor is a shareholder of Aryan Mining and being a shareholder does not confer any right to sell or auction the assets of company.”

JSW And JSP Reportedly Jointly Bid For Stemcor's India Assets

JSW Steel Ltd. (BSE:500228) and Jindal Steel & Power Ltd. (BSE:532286) have teamed up to bid for Stemcor Holdings Limited's Brahmani River Pellets Ltd and Aryan Mining & Trading Corporation Pvt. Ltd. Tata Steel Limited (BSE:500470); Adani Enterprises Limited (BSE:512599); and Essar Steel India Limited are reportedly also bidding for same assets "We are looking to make a joint bid, as both firms belong to the same $18 billion Jindal Group. We are also partnering in the Afghanistan iron ore project" a JSP source told Metal Bulletin sister title Steel First. "There are close to dozen companies looking to acquire Stemcor's assets, but only two to three companies will be able to pay such a huge amount of $800 million and, not only that, [the] companies will have to add a premium that will take the figure to more than $1 billion," the source added. Brothers Naveen and Sajjan Jindal, respective heads of JSP and JSW, emerged as rival bidders for Stemcor's two iron ore assets during July 2013. "We sent the formal request on our interest to Stemcor's London office on July 7, 2013, but, we have not received any response yet," the JSW Steel source added. Stemcor's Mumbai office did not respond to Steel First requests for comment.

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