The Hindu Business Line : Tuesday, August 02, 2005

BHEL bags Rs 2,120-crore orders from APGenco
STATE-owned equipment supplier Bharat Heavy Electricals Ltd (BHEL) has bagged two orders worth Rs 2,120 crore from the Andhra Pradesh Power Generation Corporation (APGenco). The contracts involve supply and installation of the main plant ... More

Hyundai offer for rain damaged vehicles in Mumbai
HYUNDAI Motor India has announced a 50 per cent discount on spare parts and labour charges and has offered several free services to its customers in Mumbai , whose vehicles have been damaged by the heavy rains. According to a company press ... More

HPCL reviewing plan to expand Vizag refinery capacity
HPCL is reviewing its decision to expand the capacity of Vizag refineries to 15 million tonne. Sources said that the company is now considering turning the project into an integrated refining-cum-petrochemicals complex. They also said that ... More

Maruti presents new-look Alto
MARUTI Udyog Ltd on Monday announced that it has made changes in the exterior and interiors of its popular small car Alto without affecting the vehicle's price. The company said the new features such as new headlamps, tail lamps and front ... More

SAIL, Essar Steel cut prices
STATE-owned Steel Authority of India Ltd (SAIL) on Monday lowered prices of its products by 4 to 8 per cent. The steel major attributed this move to correction in global prices. A lower demand from China has advanced the fall in global steel ... More

Nagarjuna Const stock split okayed

OVERSEAS BORROWINGS

HEG issues $29-m FCCBs
GRAPHITE electrodes manufacturer, HEG Ltd on Monday announced that it has placed $28.75 million (around Rs 126 crore) unsecured and unrated five-year FCCBs at a 32 per cent conversion premium, translating to a price of Rs 192.06 a share. The ... More

MERGERS & ACQUISITIONS

Strides Arcolab to buy Polish co, take 70 pc stake in Italian venture
STRIDES Arcolab Ltd has announced its plan to buy a Polish pharmaceutical facility and take 70 per cent stake in an Italian facility. The two moves, totalling investment of $10 million (Rs 44 crore), will give Strides the first manufacturing ... More

NEW PROJECTS

Canadian co plans potato processing unit in Gujarat
MCCAIN Foods India, a wholly-owned subsidiary of Canadian food major McCain Foods, is planning to set up a Rs 70-crore potato processing plant in the Mehsana district of Gujarat. The plant would have an annual processing capacity of 30,000 ... More

Seshasayee Paper to set up pulp mill, chem recovery plant
SESHASAYEE Paper and Boards Ltd plans to set up a modern pulp mill and chemical recovery plant at a cost of Rs 350 crore as a prelude to capacity expansion. According to Mr N. Gopalaratnam, Chairman, Seshasayee Paper and Boards Ltd, the company ... More

Eastern Silk to set up made-ups unit at Bommasandra
EASTERN Silk Industries Ltd, a major exporter of silk fabrics, furnishings/fashion fabrics and made-ups, is setting up a plant for the manufacture of silk made-ups at Bommasandra on Hosur Road. The company is also expanding fabric capacity at ... More

Volkswagen still keen on India project, says emissary
THE German automotive major Volkswagen AG, through its emissary, has said that it is keen to pursue its India project and has invited a team from the Andhra Pradesh Government to hold further discussions. This development follows talks ... More

NCL plans particleboard plant in Himachal Pradesh
NCL Industries Ltd has decided to take up expansion of its clinker capacities and set up a cement bonded wood particleboard plant in Himachal Pradesh at a total capital outlay of Rs 65 crore. In a press release, the company announced its ... More

Visaka Ind plans Rs 228-cr expansion; to focus on textiles
VISAKA Industries Ltd (VIL), the Hyderabad-based asbestos and spinning products major, has chalked out a major expansion programme involving investments to the tune of around Rs 228 crore for both the divisions spread over the next three ... More

OVERSEAS INVESTMENTS

Satnam Overseas starts production in UK plant
SATNAM Overseas, leading exporter of basmati rice and ready-to-eat food manufacturing company, has commenced commercial production in its rice mill in the UK. The company said its ready-to-eat foods brand was also available through ... More

DIVERSIFICATION

Amrit Banaspati plans foray into real estate
EDIBLE oils and paper major Amrit Banaspati Company Ltd is planning a big foray into real estate business. The company, which has started work on developing a residential township at Ghaziabad, plans to set up multiplexes and shopping malls, a ... More

STANDARDS & BENCHMARKS

Apollo Hospital Delhi gets JCI accreditation
NEW DELHI: Apollo Hospital, Delhi, has been accredited by the Joint Commission International (JCI) for its quality of care in a safe environment. JCI is known for healthcare accreditation worldwide. Apollo Hospital is one of the five ... More

OUTLOOK

High Energy Batteries to expand market range
HIGH Energy Batteries (India) Ltd, an Esvin group company, which manufactures batteries for defence requirements, plans to diversify its market. The Esvin group also has interests in paper and sugar with its group companies Seshasayee Paper and ... More

Gujarat Ambuja expects 30 pc profit growth
GUJARAT Ambuja Cements Ltd (GACL) expects a topline growth of 20 per cent and a bottomline growth of 30 per cent for the current fiscal, said Mr Anil Singhvi, Executive Director of the company. For the cement industry as a whole, Mr Singhvi ... More

PERFORMANCE

Maruti 800 sales dip 34 pc in July
MARUTI Udyog Ltd on Monday announced a 3 per cent rise in sales in July this year at 44,753 units against 43,419 units in the same month last year. However, despite a revival in exports and healthy sales of its compact car models, the growth was ... More

Hero Honda July sales up 12 pc
HERO Honda Motors on Monday reported a 11.8 per cent rise in sales in July this year at 2,30,050 units against 2,05,654 units in the same month last year. Sales in the domestic market grew 10.7 per cent at 2,23,150 units (2,01,577 units). ... More

Pitti Laminations Q1 sales, net up
HYDERABAD: Pitti Laminations Ltd (PLL) has reported growth both in turnover and net profit for the first quarter of the current fiscal. According to the unaudited financial results taken on record by the board on Monday, the company ... More

PEOPLE

A.K. Singhal is NTPC Director-Finance

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In Focus

BHEL Disinvestment