CORPORATE
ANNOUNCEMENTS
Excess advance: Nalco to go for automatic refund
Bhubaneswar, Oct. 9 In its endeavour to ensure greater transparency and customer satisfaction, the National Aluminium Company (Nalco) has decided to go for automatic refund of unadjusted balance amounts without waiting for the requests. ...
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OVERSEAS BORROWINGS
Air India gets $1.2 b Exim loan for 17 aircraft purchase
New Delhi, Oct. 9 Air India is set to get $1.2 billion US Exim guaranteed loan from the US Exim for purchase of 17 Boeing aircraft by the airline. These 17 aircraft would be delivered to Air India by December this year. Official ...
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SKIL Infrastructure gets CCEA nod
SKIL Infrastructure’s proposal to accept foreign investments from GL Asia Mauritius II Ltd, Mauritius for further downstream investments in construction development activities and infrastructure projects has received the nod of the Cabinet ...
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NEW BUSINESS
L&T bags Rs 693-cr IndianOil order
Mumbai, Oct 9 Engineering major Larsen & Toubro Ltd (L&T) has bagged Rs 693-crore order from Indian Oil Corporation Ltd (IOC) for constructing two trains of 300 tonnes per day Sulphur Recovery Units (EPCC-5) along with associated ...
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IVRCL bags contracts in AP
IVRCL Infrastructures & Projects Ltd has bagged lift irrigation works worth Rs 761.24 crore of Handri Niva Sujala (HNSS) Project in Andhra Pradesh. The Hyderabad-based company will implement project related to the HNSS’ main canal for ...
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AWARDS & HONOURS
Vizag Steel staff awarded
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MANAGEMENT
Nalco strengthens board
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RESTRUCTURING
Hindustan Shipyard may go to Defence Ministry
Transfer from Shipping Ministry likely in 2010
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NEW PROJECTS
Vesuvius setting up unit at Vizag
Hopeful of completing expansion at Kolkata plant by Jan
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Andhra Petro plans Rs 320-cr expansion
Enters into tech tie up with UK co
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Ebm-Nadi Intl charts out capacity expansion plan
Chennai, Oct. 9 Ebm-Nadi International Pvt Ltd, a joint venture between the Kamdar family (promoter of Nadi Fans Co) and ebm-papst group of Germany, inaugurated its new production line and a warehouse in Chennai on Tuesday. The 49:51 ...
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OVERSEAS INVESTMENTS
Bombay Dyeing plans US foray
To sell branded sheets thru specialty home textile chains
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ALLIANCES & JOINT VENTURES
ONGC, Mittals suspend hydrocarbon trading venture
Committed to strengthening ties in upstream activities: ONGC chief
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Forbes Marshall, Codel Monitoring set up joint venture
Pune, Oct. 9 Forbes Marshall, a player in process efficiency and energy conservation, on Tuesday announced a joint venture with Codel Monitoring System of the UK, specialising in online gas and dust monitoring systems. Mr Farhad ...
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Almondz Global ties up with Noble Group
Mumbai, Oct. 9 Almondz Global Securities Ltd (AGSL), a financial services company, has tied up with Noble group, an investment bank in UK, to explore cross border business opportunities.One of the areas to be tapped is to help Indian ...
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NHPC signs pact with BHEL
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DIVERSIFICATION
Ansal forays into windpower
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BONUS ANNOUNCEMENTS
GAIL to decide on bonus issue in 6 months
The board of GAIL India Ltd will take a decision on a bonus issue of shares within six months, Mr U.D. Choubey, Chairman, GAIL said. Speaking to newspersons here at the sidelines of the gas sales agreement (GSA) signing with Pragati Power ...
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OUTLOOK
Multiple bogies: BEML in talks with foreign cos for tie-ups
Plans to be finalised in three months
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