The Aditya Birla group company, Indo Gulf Corporation has put in an expression of interest (Eol) for the Gujarat-based, financial institution-controlled copper company SWIL. The 50,000-ton SWIL, which is the country's third largest copper company, used to be the flagship of the Anil Khaitan controlled Satya group. It has been put on the block by the lenders to the project, who have offered a controlling 51 percent to strategic partners. I-Sec is the advisor for the strategic sale. Indo Gulf's Eal is in addition to the other expressions of interest put in by Sterlite Industries, Metdist and Finolex. An Aditya Birla group spokesperson confirmed the development, saying that the company will go ahead only if it adds to shareholder value.
NSTL
