CORPORATE
ANNOUNCEMENTS
SAIL allotted Sitanala coal block
Steel Authority of India Ltd has been allotted the Sitanala coking coal block by the Empowered Committee in the Ministry of Coal, official sources said. The allotment was made on Wednesday and communicated to SAIL on Friday. ...
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COURTS/LEGAL ISSUES
Cipla readying response to Govt's notice
Violates SC order, contends drug maker
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CREDIT RATING
MBL Infra public issue assigned Crisil IPO grade of "1/5"
CRISIL has assigned a CRISIL IPO grade of "1/5" to the proposed initial public offer of MBL Infrastructures Ltd (MBL) indicating that the fundamentals of the issue are poor relative to other listed equity securities. The company has proposed a ...
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NEW PROJECTS
NTPC looking at TN as location for nuclear foray
Bullish on tying up Russian tech; State offers 1,000 acres around Koodankulam
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Gujarat NRE Coke plans Rs 235-cr investments
Consolidating its Australian and NZ operations with $60-m funding
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`Bharat Oman's Bina refinery capacity could raise to 8 mt'
`With more expenditure, it can be raised further to 12 mt'
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Signs pact with SAIL unit for power plants
Gujarat NRE Coke Ltd on Friday signed an agreement with Sailcon, a division of Steel Authority of India Ltd, wherein Sailcon would be providing consultancy services for the implementation of 15-MW power plant each at Bhachau in Gujarat and ...
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TRADE & LABOUR UNIONS
Hind Motors management not to attend meeting
The management of Hindustan Motors (HM) has refused to take part in any meeting with representatives of trade unions until the latter commit themselves to maintaining law and order at the Uttarpara factory, according to Ms Soni Shrivastav, ...
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ALLIANCES & JOINT VENTURES
Petronet in talks for strategic partner
Prefers one with access to LNG; decision likely by year-end
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RIGHTS ISSUE
Dunlop extends rights offer till April 24
Dunlop India has extended the ongoing rights offer till April 24. The decision is aimed at participation of a larger number of existing shareholders. The issue, which opened on April 2, was already extended from April 6 to April 9 and was ...
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OUTLOOK
HCC eyes setting up more nuclear reactors
Identifies infrastructure projects in AP
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Govt not favourable to BPCL's trading arm plan
`Possibility of exploring opportunities with MMTC unlikely now'
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PERFORMANCE
Durgapur Steel's record output
Durgapur Steel Plant (DSP) has recorded an all-time high production of 1.7 million tonnes (mt) of saleable steel in 2006-07. This translates into a rated capacity of 107 per cent, which is the best since inception, according to a ...
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