The Hindu Business Line : Monday, November 14, 2005

IOC seeks interest on oil pool account arrears
INDIAN Oil Corporation Ltd has asked the Petroleum Ministry for payment of interest on oil pool account arrears. The company, which got a major chunk of the `seven per cent Oil Companies Special Bonds 2012' issued recently, has written to the ... More

Cetex Petrochemicals plans project overseas
CETEX Petrochemicals Ltd is considering a plan to set up a project "either in West Asia or in South-East Asia" to produce MEK, a petrochemical. But the plan is in its preliminary stages, said Mr S. Ilanahai, Managing Director.Cetex ... More

NEW PROJECTS

Precot draws up Rs 90-crore capex plan
THE Coimbatore-based Precot Mills Ltd, an established player in the `niche' cotton yarn manufacturing, is set on implementing a Rs 90-cr capacity expansion programme. The company, which is strengthening production infrastructure spread across ... More

Visa Steel coke oven project phase I to be ready by March
THE first phase of Visa Steel Ltd's 400,000 tonnes per annum capacity, stamp-charged coke oven project is slated to go on stream in March 2006. Production at full capacity would be attained by June 2006, according to Mr Vishal Agarwal, Managing ... More

ALLIANCES & JOINT VENTURES

Bombardier, Reliance Energy in talks for Hyderabad metro project
While REL will be handling the power supply part of the project, Bombardier will be handling the transportation aspect, including vehicle manufacturing. More

OUTLOOK

OMEL may get rights to lift Nigerian crude
THE Government of Nigeria has expressed its willingness to offer to ONGC Mittal Energy Ltd (OMEL) the rights to lift 1,20,000 bbl/day (barrels per day) of Nigerian crude oil on commercial basis. According to a statement issued here by OMEL, ... More

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