The Hindu Business Line : Thursday, November 15, 2007

CESC coal block in Jharkhand
Mumbai: CESC today said the Union Coal Ministry has allocated a coal block in Jharkhand to the company. The company informed the BSE that it has signed a MoU with the Jharkhand Government. ... More

OVERSEAS BORROWINGS
Godawari Power to raise Rs 210 cr
Mumbai, Nov 14 Godawari Power and Ispat Ltd, an integrated manufacturer of sponge iron, steel billets, wires and ferro alloys, plans to raise Rs 210 crore by way of qualified institutional placement, global depository receipts, American ... More

NEW BUSINESS
Valecha bags Rs 100-cr orders
Infrastructure company Valecha Engineering Ltd has bagged projects worth Rs 100 crore, including an integrated road development project (IRDP) in Pune and a tunnel project at Udaipur. Both the projects will be completed in 24-30 months. The scope ... More

RESTRUCTURING
ACC to transfer ready mix concrete biz to subsidiary
Mumbai, Nov. 14 Cement major ACC has decided to transfer the ready mix concrete (RMX) business to its wholly owned subsidiary ACC Concrete Ltd for a consideration of not less than Rs 100 crore. In an announcement to BSE, it said ... More

MERGERS & ACQUISITIONS
Jamna Auto to invest Rs 120 cr in expansion
To merge 2 group cos with itself More

NEW PROJECTS
Mitsui Chem setting up facility in India
Mitsui Chemicals Group, a $15-billion Japanese multinational, has announced setting up of a manufacturing facility to make resins for auto parts like bumpers, dashboards and pillars. At an initial investment of Rs 30 crore, the new ... More

Super premium beer brand Carlsberg setting up 2 units
To target mass segment with Palone More

Bombay Rayon to invest Rs 1,100 cr in Maharashtra
Mumbai, Nov. 14 Bangalore-based Bombay Rayon Fashions Ltd plans to invest Rs 1,100 crore in Maharashtra for setting up fabric and garment making facilities. To this effect, the company signed a memorandum of understanding with the State ... More

Escorts Const earmarks Rs 60 cr for 2 plants
Escorts Construction Equipment has earmarked an investment of Rs 60 crore for setting up two plants. Escorts Construction Equipment, which is a subsidiary of the Rs 2,400-crore Escorts Ltd, is also considering floating an IPO in another ... More

ALLIANCES & JOINT VENTURES
Air India, Gati launch dedicated freighter service
New Delhi, Nov 14 Air India and Gati, an express distribution and supply chain solution company, have joined hands to launch a dedicated freighter service. At a function here, Air India had handed over a dedicated Boeing 737 aircraft to Gati ... More

Columbia Asia ties up with DLF Home
Bangalore, Nov. 14 Columbia Asia Hospitals Pvt Ltd has announced that it has tied up with DLF Home Developers Ltd to develop hospitals.DLFH will construct Columbia Asia-designed hospitals on land within DLFH townships and lease it to ... More

OUTLOOK
Marg buys Rs 52-crore dredger from China
After use in Karaikal port, the dredger will be given for hire More

Kolkata hotels see near 100% occupancy at year-end
Kolkata, Nov 14 The upcoming medical conferences in Kolkata starting from the last week of November have seen the year-end occupancy level in city hotels touch almost 100 per cent. A doctors’ seminar organised by the Rabindranath ... More

Wockhardt to expand coronary care services
New Delhi, Nov. 14 Retaining its focus on being a speciality healthcare provider, Wockhardt Hospitals is planning to further roll out its chain of Intensive Coronary Care Units (ICCU). With two in Bangalore, one in Mumbai, and another ... More

SpiceJet plans 5-7% fare hike by June next
New Delhi, Nov. 14 The low-cost airline SpiceJet, which is on course to break-even during the current financial year, plans to increase fares by 5-7 per cent by June next year, the airline’s Executive Chairman, Mr Siddhanta Sharma, said ... More