The Hindu Business Line : Tuesday, February 06, 2007

NEW BUSINESS
Larsen & Toubro completes works at Kensington Oval
Larsen & Toubro has completed the re-construction work at the Kensington Oval in Barbados in the Caribbean, where the cricket World Cup finals will be played on April 28. L&T bagged this Rs 211-crore contract from World Cup Barbados, West .. More

Elgi secures order from Navy
ELGI Equipments Ltd (EEL), the Coimbatore-based integrated air compressor manufacturer, has bagged orders worth Rs.6.7 crore from the Indian Navy for replacement of Russian compressors fitted on board mine counter measure vessels ... More

`Delhi airport modernisation contract major milestone for L&T'
Larsen and Toubro Ltd believes that bagging the contract for expanding and modernising the Delhi international airport is a significant milestone for the company. It will give a new dimension to the way the company goes about dealing with ... More

COURTS/LEGAL ISSUES
Gratuity payable for all days worked till superannuation: HC
Non-payment of gratuity to a worker for all days worked till date of superannuation was against the provisions of Payment of Gratuity Act, 1972, Madras High Court has ruled. Directing a Chennai-based company to pay dues to him for nine days in ... More

ENVIRONMENT
JSW Steel gets clearance for its carbon credit project
At the current trading price of 15.5 per CER, the carbon credit earnings of the company is seen at around 109 million over a 10-year period. More

MERGERS & ACQUISITIONS
Tata Group may bid for Actis' stake in Punjab Tractors
The Tata Group is learnt to be in the fray for private equity major Actis' 29 per cent stake in Punjab Tractors Ltd (PTL). The Group is learnt to have evinced interest for purchasing the stake, merchant banking sources said. Sources added that ... More

Rain Commodities arm in pact with Great Lakes Income Fund
To pick 73.56% of the Fund's interest in GLC Carbon USA More

Lanco open to buying Globeleq's stake in Sasan power project
Lanco Infratech Ltd is open to acquiring its joint venture partner Globeleq Singapore Pte's 51 per cent equity stake in the 4,000 MW Sasan Ultra Mega Power Project. Globeleq, the investment arm of UK Government-owned development agency DFID, ... More

IOC plans to retain IBP brand post-merger
Commences synchronisation of operations between both firms More

NEW PROJECTS
Bengal re-imposes prohibitory orders
Mamata calls off proposed visit to Singur More

Singur plant as scheduled: Ratan Tata
The Chairman of Tata Sons, Mr Ratan Tata, has said that the proposed small car plant of Tata Motors in Singur would come up as scheduled and the cars would roll out of the plant by 2008. Mr Tata made these comments after a meeting with the ... More

Brandix begins production at VSEZ
Brandix India, which is setting up an apparel city at Atchyuthapuram in Visakhapatnam district on 1,000 acres allotted by the State Government, has started commercial production at the temporary facility in the Visakhapatnam ... More

Ma Foi chalks out Rs 42-cr expansion plan
To set up global delivery centres in 4 locations More

OVERSEAS INVESTMENTS
BPCL signs pact for Australian block
Bharat Petroleum Corporation Ltd has signed a farm-in agreement for acquiring 20 per cent participating interest in an Australian block AC/P32 in the Timor Sea area, according to a BSE notice. A company official said BPCL would be paying $1.42 ... More

Camlin eyeing potential in Russian market
Mulls possibility of entering into marketing alliance More

ALLIANCES & JOINT VENTURES
BOC in pact with Adhunik Metaliks
BOC India Ltd, now a member of the Linde Group, recently signed a 10-year gas supply agreement with Adhunik Metaliks, the flagship company of the Kolkata-based Adhunik Group with major interests in steel and presence in West ... More

INTERVIEW
We've more room to grow than others: Gujarat Ambuja Cement
`There is no way that 2007 will see the price rise of 2006' More

OUTLOOK
HMT Machine to focus on high-end products
HMT Machine Tools Ltd would be investing Rs 180 crore of the total package of Rs 723 crore given by the Centre for its revival and aim to double its turnover to Rs 500 in the next five years. The company's optimism stems from the prospect of ... More

Aero show: BEML exudes optimism
Bharat Earth Movers Ltd says its air-related ground support equipment will be on show at the five-day Aero India show starting on February 7. It expects the aerospace fair to generate good orders for its products and ... More