The Hindu Business Line : Tuesday, November 29, 2005

1 killed in explosion at Aurobindo Pharma unit
THERE was an explosion at one of the units of Aurobindo Pharma Ltd (APL) on the city outskirts here on Monday killing a worker. The company has informed the stock exchanges that the explosion took place at the drier unit in one of the blocks of ... More

ANNOUNCEMENTS

Sona Koyo bags GM order for steering systems
SONA Koyo Steering Systems Ltd has won an order from General Motors India to supply steering systems for a new car model. Sona Koyo will supply 50,000 units starting 2007 for a new model of General Motors, Dr Surinder Kapur, Chairman, Sona ... More

Lupin gets nod for phase II trials on psoriasis drug
LUPIN Ltd has received regulatory approval to conduct the second phase of clinical trials on its drug candidate to treat chronic psoriasis, a skin disease. Lupin has got the Drug Controller General of India's approval to conduct phase II ... More

Siemens consortium wins Rs 2,600-cr deal in Qatar
A CONSORTIUM of Siemens India and Siemens AG, Germany, has signed two contracts amounting to Rs 2,600 crore for the development of power transmission networks in Qatar. This is the largest export order won by Siemens in India, said Mr J. ... More

Ranbaxy exporting Tamiflu
NEW DELHI: Ranbaxy Laboratories Ltd is exporting small quantities of the generic version of the bird-flu drug Tamiflu to a Southeast Asian country even as it is negotiating with Roche Holding for a licence. "All I can tell you is that ... More

IVRCL bags Rs 199-cr orders
HYDERABAD: IVRCL Infrastructures & Projects Ltd has announced that it has received orders worth Rs 199 crore in the recent past. The major projects are from Kerala Water Authority, Jindal Super Thermal Power Plant, Rail Vikas Nigam and ... More

Clarification
With reference to the news report "Ruia group close to clinching Dunlop buy" published in these columns on November 25, a Jumbo Group spokesman has said that the report of a Kolkata-based party as having clinched the deal to buy Jumbo Group's ... More

MERGERS & ACQUISITIONS

Hikal picks stake in Sinochem arm
MUMBAI: Hikal Ltd has entered into a joint venture agreement by acquiring a minority stake in one of Sinochem Corporation's subsidiaries. The agreement marks Hikal's formal entry into the Chinese market, Mr Jai Hiremath, Hikal's Vice ... More

NEW PROJECTS

Jaiprakash HP power project: Financial closure soon
JAIPRAKASH Associates Ltd aims to achieve financial closure for its Rs 5,500-crore 1,000-MW Karcham Wangtoo hydel power project at Kinnaur in Himachal Pradesh. The project is being implemented with a debt equity ratio of 70:30. The Managing ... More

Global Green plans $1-m capacity expansion
THE Global Green Company, a part of the $2-billion Thapar Group, a leading exporter of pickled gherkins, will be investing $1 million to increase the processing capacity in its plants located near Bangalore and in Andhra Pradesh. The company, ... More

DIVERSIFICATION

KSL and Industries plans realty biz foray
MUMBAI-based textile concern KSL and Industries Ltd is branching into realty business. The company plans to develop the Rs 400-crore integrated real estate project called `Empress City' in the prime area of Nagpur city. The project, spread ... More

OUTLOOK

Mangalam Timber hopes to wipe out accumulated losses by next year
MANGALAM Timber Products Ltd, a B.K. Birla group company, hopes to wipe out its accumulated losses either by the end of the current financial year, 2005-06, or latest by the middle of next year. In the last few years, the company has succeeded ... More

Dubai's ETA proposes to invest $100 m in India
ETA, an engineering, construction and trading group in Dubai, plans to invest $100 million in India in five years to benefit from the real-estate boom. The company has already made a sizeable investment through its arm, ETA Star Property ... More

Vestas RRB aims Rs 1,000-cr turnover for current fiscal
VESTAS RRB India Ltd, a wind energy producer, is targeting a turnover of Rs 1,000 crore for the current fiscal compared to the Rs 550 crore clocked the last fiscal. Announcing an investment of Rs 100 crore in the country in the next two years ... More

PEOPLE

RENDEZVOUS

R.P. Singh — Walking the unconventional path
WHEN you expect a typical, bureaucratic sarkari environment littered with files and chai glasses and instead walk into a plush, paperless, spanking clean building flanked by a Satish Gujral sculpture on one side and a well-tended ... More

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