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Our Bureau

Coimbatore, June 3 Adhunik Metaliks Ltd’s Board of Directors has approved in principle the IPO of Orissa Manganese & Minerals Ltd, a 100 per cent subsidiary of Adhunik Metaliks Ltd.

Bombay Rayon Fashions Ltd is setting up manufacturing units in the integrated textile parks at Islampur and Latur for which concerned SPVs have received approvals from the Ministry of Textiles of Government of India sanctioning the project under the Scheme for Integrated Textile Park (SITP) entitling to get subsidy of 40 per cent of total infrastructure cost.

GMR Industries Ltd has decided to acquire Alagawadi Bireshwar Sugars Pvt Ltd, a company which holds a licence to set up and operate a 3500 TCD sugar mill at Raibagh in Karnataka.

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