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Our Bureau

Coimbatore, Jan. 4 EID Parry India Ltd’s board of directors has decided to withdraw the offer for buy-back of fully paid-up equity shares of the face value of Rs 2 each up to a limit of 25 per cent of the total paid-up share capital and free reserves of the company and not exceeding 25 per cent of the total paid-up equity capital in a financial year at a maximum price of Rs 160 per equity share that has been approved by the shareholders.

Elecon Engineering Company has been awarded an order of Rs 11 crore for supply of wagon tipplers along with associated equipments by Sichaon Electricity Power Design & Consulting Company Ltd, Chandrapur.

Hindustan-Dorr Oliver Ltd has been awarded the contract for ‘process licence, basic design and engineering, detailed engineering, procurement, fabrication, supply, transportation, insurance, storage, construction, erection, installation, commissioning, guarantee tests and handing over of the plant along with associated facilities and auxiliaries’ for Rs 82 crore for RCF’s ANP granulation plant package. The company will be executing the plant package on lumpsum turnkey basis in 15 months.

Shakti Press Ltd has signed a marketing alliance with Telurian Book Production Company and bagged $500,000 order to be delivered over a period of six months. The order given by Telurian is for exercise note books (Indian) and Arabic exercise note books for Dubai, Muscat and Abu Dhabi regions of West Asia. The company has bagged from Telurian an order for 5 million diary books.

YES Bank Ltd has said that a meeting of the capital raising committee of the board of directors will be held on February 5 to consider raising of funds by way of issuance of up to two crore equity shares in one or more tranches by way of QIP and/or preferential allotment in accordance with the SEBI guidelines.

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