Sesa Goa buys Goa Energy

Sesa Goa bought Goa Energy for Rs 101 crore from Videocon Industries and other shareholders. This step will enable the company to exploit synergies with its pig iron and coke making operations at Amona and to secure cost reduction on its own power requirements. The com­pany had agreed to acq­uire 100 per cent of the outstanding common shares of Goa Energy for the enterprise value of Rs 101 crore.Contact: Sesa Goa.Tel: 0832-246 0600.Website: www.sesagoa.com