The Hindu Business Line : Sunday, September 25, 2005

ONGC's AP refinery to be ready in 42 months
THE ONGC Chairman, Mr Subir Raha, has said that the proposed Kakinada greenfield oil refinery will achieve financial closure soon and would be completed within 42 months. Mr Raha, who was here to attend the 32nd All India Management Association ... More

Nagarjuna Thermal to announce financial closure for power plant
THE Nagarjuna Thermal Power Corporation will announce financial closure for its proposed 1015-MW coal-based power plant at Padubidri in Udupi district within six weeks. Addressing presspersons here on Friday, Mr Praveer Sinha, Chief Executive ... More

Subhash Projects bags Rs 363-cr rural electrification contracts
INFRASTRUCTURE engineering company Subhash Projects and Marketing Ltd has bagged rural electrification infrastructure project contracts worth Rs 363.55 crore from Central Government utilities such as Power Grid Corporation of India and Damodar ... More

ACCOUNTANCY

ICAI for mutual recognition agreement
FEARING lack of genuine reciprocity from other countries affecting the chartered accountancy profession in India in the globalising scenario, the Institute of Chartered Accountants of India (ICAI) has impressed upon the Commerce Ministry the ... More

ENVIRONMENT

CEC against granting permission to Vedanta for alumina refinery
THE Central Empowered Committee (CEC) of the Supreme Court has recommended the apex court against granting permission to the proposed alumina refinery of Vedanta Alumina Ltd in Orissa's Kalahandi district, saying that bauxite mining should not be ... More

FIXED DEPOSITS

Invest in 3-year bonds of OCL India
OCL India: Investors may consider exposures in the fixed deposit options of OCL India. The one-year as well as the three-year options may be considered. As the two-year option does not offer any premium over the rate on the one-year ... More

NEW PROJECTS

BPCL revises Bina refinery project cost to Rs 9,100 cr — Bharat Oman Refineries to go in for IPO
BHARAT Petroleum Corporation Ltd has revised the cost of its Bina refinery project to Rs 9,100 crore from the original estimate of Rs 6,354 crore. The project is being set up by Bharat Oman Refineries Ltd, the joint venture company floated by ... More

ALLIANCES & JOINT VENTURES

Cairn yet to decide on venture with ONGC
The refinery is to be set up with an investment of over Rs 7,500 crore. More

OUTLOOK

GE Healthcare to step up investments
GE Healthcare is looking to scale up its investment in India, in step with a growing domestic healthcare market. "We see a market that is growing at about 12 per cent per year. And we are growing faster. Therefore, we need ongoing ... More

PERFORMANCE

OVL pays first-ever dividend of Rs 105 cr to ONGC
The company's consolidated gross revenue increased by 72 per cent to Rs 6,025.8 crore, and net profit improved by 78 per cent to Rs 761.4 crore. More

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