The Hindu Business Line : Corporate developments

Coimbatore, Dec. 3 Deccan Chronicle Holdings Ltd has said that the RBI has notified that foreign institutional investors (FIIs)/non-resident Indians (NRIs) can purchase equity shares of the company through the secondary market under Portfolio Investment Scheme (PIS) as the holding of FIIs has gone below 24 per cent of its paid-up capital.

Container Gateway Ltd (CGL), the joint venture company of Gateway Rail Freight Ltd (a subsidiary of Gateway Distriparks Ltd), and Container Corporation of India Ltd (Concor), to operate the rail-linked inland container depot at Garhi Harsaru, Gurgaon, has become operational with effect from December 1. Gateway Rail and Concor have shareholding in the ratio of 51:49 in Container Gateway Ltd.

KEI Industries Ltd has inaugurated its new plant for manufacture of HT and LT Power Cable at Chopanki near Bhiwadi, District, Alwar (Rajasthan).The plant will generate revenue of approximately Rs 300 crore annually in full production.

Sundram Fasteners Ltd has established a manufacturing facility with an initial investment of around Rs 30 crore in Pantnagar, Integrated Industrial Estate, Rudrapur, Dist Udam Singh Nagar, Uttarakhand, for the manufacture of high tensile fasteners, powder metal parts, water pumps and oil pumps. The commercial production has commenced from December 1.