The Hindu Business Line : Thursday, September 22, 2005

L&T bags Rs 430-cr orders for export of process plant equipment
The orders are from countries such as France, Australia, and China, and in West Asia, said a company release. The equipment to be supplied includes ammonia plants, petrochemical plants, liquefied natural gas plants, and gas development ... More

Kutch Rly to achieve financial closure by Oct
With the rail link in place, KRCL expects to serve the ports of Kandla and Mundra for all export-import traffic including containerised ones, IFFCO's base in Gandhidham and salt companies. More

Petronet's Dahej receives new gas consignment
THE Dahej liquefied natural gas (LNG) terminal of Petronet LNG Ltd, which was damaged last Saturday, has received a new consignment of gas on Wednesday. "The vessel has berthed at the jetty and started discharging cargo. The damage was not as ... More

OVERSEAS BORROWINGS

Nagarjuna Construction plans $120-m global offering
NAGARJUNA Construction Company Ltd (NCC) plans to raise funds to the tune of $120 million through global offering to fund its investment requirements in implementing BOT/BOOT projects and also to meet working capital and long-term funds ... More

ACCOUNTANCY

Chartered accountants meet starts today
THE Committee for Members in Industry of the Institute of Chartered Accountants of India (ICAI) will hold its All-India Conference - `Making Today's Challenges, Tomorrow's Opportunities' at Goa from September 22 to 24. The technical sessions ... More

MERGERS & ACQUISITIONS

Bharat Forge buys Swedish co Imatra
BHARAT Forge Ltd (BFL) on Wednesday announced the acquisition of Imatra Kilsta AB, Sweden along with its wholly-owned subsidiary, Scottish Stampings, Scotland. Imatra Forging Group is one of the world's leading forging groups, largest ... More

Merger with United Breweries — SWC to retain independent identity for now
SHAW Wallace & Company will keep its independent corporate identity for the time being, even as the company's operating businesses are being merged with United Spirits Ltd. The process of operational merger is expected to be completed within a .. More

CORPORATE GOVERNANCE

Forebodings on board
THE proposal of the Petroleum Minister, Mr Mani Shakar Iyer, to appoint politicians as independent directors on the boards of public sector oil units would take away in one stroke whatever corporate governance these units had hitherto achieved. ... More

NEW PROJECTS

Ranbaxy set to launch Canadian operations today
The Canadian operations is completely sales and marketing oriented, and is part of the company's strategy to expand overseas. More

ALLIANCES & JOINT VENTURES

Apollo, Reliance Infocomm in tie up for telemedicine
THE Apollo hospitals group has tied up with Reliance Infocomm for providing telemedicine services. Today, the `Apollo Telemedicine Networking Foundation has 80 stations across several towns and villages. People could come to these stations ... More

Ion Exchange enters pact with Belgian firm
THE Rs 280-crore Ion Exchange (I) Ltd, a total water management company, has entered into a 50:50 joint venture with Waterleau of Belgium, a euro 30 million company. The estimated market in India, for sewage water and solid waste treatment is ... More

OUTLOOK

PSL to gain from surge in pipeline contracts
FIRMING prices of crude oil has hurt a large number of industrial sectors, but PSL Ltd, a steel pipe manufacturer, is at an advantage when crude oil price hardens. The company is expected to benefit from a surge in pipeline contracts that have ... More

OVL hopeful of bagging 2 more blocks in Cuba
ONGC Videsh Ltd (OVL), the overseas arm of Oil and Natural Gas Corporation (ONGC), is hopeful of getting two additional blocks from Cuba. ONGC Videsh is already in a pact with Spain's Repsol YPF to acquire a 30 per cent stake in seven blocks ... More

PERFORMANCE

Big success for Bajaj CT 100 scheme in Karnataka
THE `Bajaj CT 100 for Re 1', a scheme launched to mark over-one-million sales of the bike from the Bajaj stable, has met with `huge success in the State', according to Mr Soumyo Dutta Gupta, Regional Manager, Bajaj Auto Ltd. "We have already ... More

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