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Headquartered in Goa, the Rs 2,500 crore Chowgule group has interests in shipping, metals and heavy engineering. The case pertained to alleged siphoning off of a $128 million investment made between 2009 and 2014 for a chemical tanker business. ....
Panaji: Chowgule & Company Private Limited (CCPL) is all set to start commercial coal mining in the Shahpur (East) coal mine in Shahdol district, Madhya Pradesh after it signed an agreement with the Union ministry of coal, mines and parliamentary affairs. The Goan conglomerate won the bid for the coal mine in the e-auctions conducted in November last year. The company signed the agreement as a part of the Coal Unleashed event in the presence of Union home minister Amit Shah and minister of coal, mines & parliamentary affairs Prahlad Joshi. “We are thrilled to be part of the country’s first ever commercial coal mining bid and to win the Sahahpur mine coal block,” said Padma Chowgule, chairman and managing director of the company. “The auction is a bold step by the government towards achieving the goal of Atmanirbhar Bharat. Meanwhile, our company’s diversification into the coal sector is a part of our strategy to achieve robust, sustainable growth in the ye ....
104-year-old Chowgule Group being restructured; biz to be split between siblings SECTIONS Last Updated: Jan 14, 2021, 09:07 PM IST Share Synopsis After months of dissonance where the young family members had shown discomfort at business affairs in the over-a-century-old, reticent group, the family arrived at an amicable settlement of businesses on Wednesday in a meeting, a source told . The fourth generation of the Mormugao-based family has sided with Padma, while Vijay Chowgule grouping will get the vehicle dealership, ship repair, Angre Port and warehousing businesses, the source said. The Rs 2,500-crore Chowgule Group announced a split on Thursday, with businesses being divided between siblings Vijay and Padma, the third generation of the Goa-based family. ....
104-year-old Chowgule Group being restructured; business to be split between siblings freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
Goa’s Chowgule Group splits into two following a family settlement January 14, 2021 bl26 think2 split deal.jpg× Padma V Chowgule, Chairperson and Managing Director of flagship company, Chowgule & Co, will get control of the mining, pellets, salt, ship-building and educational institutions of the Group The Chowgule Group, the 104-year-old Goa-based business conglomerate, has split into two following an “amicable” family settlement. Padma V Chowgule, Chairperson and Managing Director of the legacy flagship company, Chowgule & Co, will get control of the mining, pellets, salt, ship-building and educational institutions of the Group, which has 14 business units. Padma Chowgule, 65, is the youngest of founder Vishwasrao Chowgule’s five children. ....