The Hindu Business Line : Wednesday, February 16, 2005

ONGC to pick up stake in SPV for Tripura power project
ONGC will formally kick-off its plan to set up a 700-MW gas-based power station in Tripura on February 17 by picking up a 26 per cent stake in a special purpose vehicle (SPV). The SPV will later be incorporated as ONGC Tripura Power Ltd (OTPL) ... More

Carrera Holdings to invest Rs 500 cr in Maharashtra
ITALIAN company Carrera Holdings Inc is to invest Rs 500 crore in the Sholapur and Kagal areas of Maharashtra. It signed a strategic partnership agreement with the Maharashtra Government recently in Mumbai. Carrera will invest Rs 125 crore ... More

OPEN OFFERS

S&P makes open offer for majority stake in Crisil
GLOBAL rating agency Standard & Poor's (S&P) on Tuesday made a conditional open offer to acquire up to 35.34 lakh shares of Crisil Ltd, representing 55.67 per cent of its equity capital, at a price of Rs 680 per share. The offer will stand .. More

Open offer for Everest from March 18
THE open offer for Everest Industries Ltd by Accurate Finstock Pvt Ltd and Adani Port Infrastructure Ltd for 20 per cent of its voting equity share capital will be at Rs 147 a share of face value Rs 10. The open offer will commence on March 18 ... More

MERGERS & ACQUISITIONS

Burren Energy buys Unocal's share in HOEC for $26 m
BURREN Energy of the UK has acquired the US energy major Unocal's entire 26.01 per cent stake in Hindustan Oil Exploration Co Ltd (HOEC) for $26.01 million and has made an open offer to acquire a further 20 per cent stake. Burren Energy ... More

ALLIANCES & JOINT VENTURES

GAIL, Infosys in pact
GAIL (India) Ltd and Infosys Technologies announced on Tuesday that they have entered into a memorandum of understanding to jointly develop technology solutions for the retail gas business. The MoU aims at the development and commercialisation ... More

Iveco, Hindujas in pact to enlarge co-operation
IVECO, the commercial vehicle company of Fiat of Italy, and the Hinduja group have concluded a new agreement which speaks of "significantly enlarging the cooperation" between the two entities. The twosome together hold majority stakes of 51 ... More

GAIL inks pact with Bangladesh firm
STATE-RUN gas firm GAIL (India) Ltd on Tuesday inked an agreement with Spectra International Ltd of Bangladesh to identify possibilities of cooperation in compressed natural gas (CNG) infrastructure development projects and gas retailing in ... More

Wartsila inks power sale pact with PTC
WARTSILA India Ltd, a subsidiary of Wartsila Corporation, and PTC India Ltd (formerly Power Trading Corporation of India) announced the signing of a MoU for the sale of surplus power. This agreement facilitates the utilisation of excess power ... More

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