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 Corporate - Announcements
Southern Online to raise Rs 50 cr

Hyderabad, Nov. 15

Southern Online Bio Technologies has decided to raise Rs 50 crore to set up a second bio-diesel unit in Visakhapatnam. The board has decided to raise the funds to set up a 250-tonne capacity plant, the company informed the Bombay Stock Exchange on Thursday. It could be through a variety of option including rights issue, public issue and preferential issue. - Our Bureau

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Stories in this Section
Dr Reddy’s new diabetic drug balaglitazone to hit market in 2011

GoAir receives 2nd A320 aircraft
Gautam Thapar group unveils new corporate identity
Reliance Energy gets 2 coal blocks
Southern Online to raise Rs 50 cr
Essar Oil mulls pref offer; board meet today
McNally Bharat share allotment
L&T-Paul Wurth consortium bags SAIL order
DSIR award for Tata Steel
Case for more clarity to ‘third eye’
Pantaloon spins off sports retail division
HC nod for Indoco demerger
GE unit picks 26% in Sayi Power Energy
SKF setting up two manufacturing plants
Reliance deals with Kurdish Region have no standing: Iraq
NIIT, US co to introduce ‘Math Lab’
Piramal venture with Sunteck
Amtek pact with Italian co
Godrej Consumer to consider rights issue on Nov 23
Cairn submits commercial viability of discoveries in Rajasthan block
Soilmec mulls supplies to construction industry
Royal Orchid eyes Tier I, II cities
Global telecom cos ride on Indian operations
Ashok Leyland sales flat; slew of bus launches planned

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