The Hindu Business Line : Saturday, November 05, 2005

Two die in fire at Orchid factory
TWO people died and three more sustained injuries at an "incident of fire" on Thursday at the Alathur factory of Orchid Chemicals & Pharmaceuticals, the company has informed the stock exchanges. "The company does not anticipate any material ... More

ANNOUNCEMENTS

Coromandel Fert plans stock split
COROMANDEL Fertilisers Ltd, part of the Murugappa Group, has informed the stock exchanges that it is planning to sub-divide equity shares of Rs 10 each into five equity shares of Rs 2 each. The company said it would seek the approval of its ... More

Germany's Messe Munchen offers trade fair centres maintenance
MESSE Munchen International of Germany, one of world's leading trade fair companies, is interested in providing maintenance and marketing services to trade fair centres that may be put up in India. At a press conference here today, the Messe ... More

PREFERENTIAL ALLOTMENTS

Sujana Universal board okays pref allotment
SUJANA Universal Industries Ltd has informed the stock exchanges that its board of directors has passed a resolution for issue of equity shares by way of preferential allotment to the extent not exceeding Rs 4 crore, consisting of 40-lakh equity ... More

MERGERS & ACQUISITIONS

Stake in SPIC Petro: ONGC to float tenders for merchant bankers to conduct due diligence
OIL and Natural Gas Corporation (ONGC) is set to float short tenders inviting domestic merchant bankers for conducting a due diligence to acquire stake in the petrochemicals business of SPIC (Southern Petrochemical Industries Corporation Ltd). ... More

Swedish co Kalmar takes 51 pc in Indlift
KALMAR Industries of Sweden, a global provider of heavy duty materials handling equipment and services to ports, inter-modal traffic and terminals, has launched its own subsidiary in India through acquisition of 51 per cent of Indlift, which has ... More

BPCL approves Bharat Oman investment
BHARAT Petroleum Corporation Ltd (BPCL) has approved equity investment in Bharat Oman Refineries Ltd (BORL), amounting to Rs 1,996 crore, at a board meeting on October 28. This represents 50 per cent of the total equity being raised by BORL. ... More

NEW PROJECTS

Rohm and Haas to set up facility for specialty chemicals in South
ROHM and Haas (India) Pvt Ltd, a specialty chemicals company, plans to invest Rs 100 crore in setting up a greenfield facility in South India and expand capacities in its existing plant in Western India. The company, 100 per cent owned by the ... More

OUTLOOK

Actis Biologics seeks partners to fast-track drug development
Drug development and commercialisation process is both capital-intensive and time-consuming, taking up to nine years. More

Chemfab Alkalies seeks foreign partners for health products unit
CHEMFAB Alkalies Ltd is seeking foreign partners for its `life-sciences' division, which produces a range of health products such as sodium-free salt, carbohydrate-free sugar, membrane-filtered refined edible oil, and fat-removing alkaline ... More

ONGC aims to directly market Panna-Mukta-Tapti gas output — To focus on maximising price realisation from jt ventures
FORCED to share heavy subsidies with oil marketing companies this year, ONGC will focus on maximising natural gas price realisation from joint ventures and new fields. To begin with, the company is gearing to directly market the entire ... More

Numaligarh Refinery plans to boost Euro-III fuel output
NUMALIGARH Refinery Ltd (NRL), a BPCL subsidiary, plans to enhance its Euro-III fuel production capacity by up to 50 per cent. The company refines over 2.3 million tonne crude against a capacity of three million tonne. Roughly 30 per cent of the ... More

Hind Sanitaryware on the lookout for acquisitions
HINDUSTAN Sanitaryware & Industries Ltd (HSIL) is evaluating `inorganic' growth plans and has begun scouting for acquisitions. Equipped with a cash chest of around Rs 70 crore, the company has initiated negotiations with a couple of domestic ... More

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