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Bramhani Industries Limited
Bramhani Industries Limited also known as ''Brahmani Steels'' and ''Bramhani Steels'' is an Indian iron and steel company promoted by Obulapuram Mining Company and G. Janardhana Reddy. The company is building a 1.7 metric tonnes per annum steel plant in Kadapa district of Andhra Pradesh. The company has announced plans to source state of the art steel equipment from China. The company has also proposed to build a 6 million metric ton steel plant in Bellary. Jindal South West Ltd., JSW steel is said to be in talks for partial ownership of OMC. Bramhani steels and Obulapuram Mining Company, Obulapuram are linked to illegal mining in India, illegal mining of Iron ore in Karnataka. Political connections and resource allotment Brahmani steels is reportedly in profit before producing any steel, owing to iron-ore sales from captive mines allotted by the Andhra Pradesh Government. Former Andhra Pradesh Chief Minister of Andhra Pradesh, Chief minister Y. S. Rajasekhara Reddy allotted ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |