<p>Indiabulls Power zoomed by 4.7 per cent to Rs 28.05 on BSE. On the National Stock Exchange, it saw a similar trend and was quoting at Rs 28.10, up by 4.9 per cent.<br /><br />The world's largest steel-maker, ArcelorMittal, is in talks with financial services and infrastructure major Indiabulls for scouting and mining iron ore in India.<br /><br />The JV could be between an ArcelorMittal subsidiary or an investment arm of the Mittal family and an Indiabulls Group firm, according to sources.<br /><br />While Indiabulls did not give details like the location of the proposed mining project or the investment involved, sources said it could be in Rajasthan.<br /><br />Through LNM India Internet Ventures, it is said that L N Mittal already holds an 8.79 per cent stake in Indiabulls Power, which is developing various power projects across the country.<br /><br />Meanwhile, the broader market Sensex was trading higher by 45.27 points at 18,605.32.</p>
<p>Indiabulls Power zoomed by 4.7 per cent to Rs 28.05 on BSE. On the National Stock Exchange, it saw a similar trend and was quoting at Rs 28.10, up by 4.9 per cent.<br /><br />The world's largest steel-maker, ArcelorMittal, is in talks with financial services and infrastructure major Indiabulls for scouting and mining iron ore in India.<br /><br />The JV could be between an ArcelorMittal subsidiary or an investment arm of the Mittal family and an Indiabulls Group firm, according to sources.<br /><br />While Indiabulls did not give details like the location of the proposed mining project or the investment involved, sources said it could be in Rajasthan.<br /><br />Through LNM India Internet Ventures, it is said that L N Mittal already holds an 8.79 per cent stake in Indiabulls Power, which is developing various power projects across the country.<br /><br />Meanwhile, the broader market Sensex was trading higher by 45.27 points at 18,605.32.</p>