CORPORATE
ANNOUNCEMENTS
BPCL to amend clauses
Bharat Petroleum Corporation Ltd has said that it will amend its objects clauses of memorandum of association by way of a postal ballot for undertaking various new activities concerning bio-diesel, ethanol, power generation, non conventional ...
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PRIVATE PLACEMENT
Mahindra First Choice raises Rs 80 cr thru pvt placement
Mumbai, June 24 Auto major Mahindra & Mahindra on Tuesday announced that it raised Rs 80 crore through a private placement in its subsidiary, First Choice Wheels, the chain of multi-brand pre-owned cars outlets. The funds raised will be ...
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FINANCIAL PERFORMANCE
IMPACT
Sedate show by Tata Chemicals
‘Other income’ boosts profits; chemical biz margins decline
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MERGERS & ACQUISITIONS
Singapore Govt firm picks stake in Reid & Taylor
Mumbai, June 24 In a major private equity investment in the textile sector, apparel firm S Kumars Nationwide has announced that an affiliate of GIC Special Investments will invest Rs 900 crore in its subsidiary, Reid $& Taylor, through a ...
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HDIL group picks up 51% stake in Broadcast Initiative
Also to acquire 51% stake in Sri Adhikari Brothers, TMPL
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NEW PROJECTS
Hatsun Agro expanding milk processing units
Expects to top Rs 1,000-cr turnover this year
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Ckoramaandel Cements to invest Rs 700 cr in expansion
Hyderabad, June 24 Ckoramaandel Cements Ltd will be investing Rs 700 crore in ‘brownfield’ expansion of its production capacity in two phases over the next two years.The financial closure for the first phase of expansion ...
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Bal Pharma’s Uttarkhand plant nearing completion
Bangalore, June 24 Bal Pharma Ltd is focussing on a four-fold revenue growth to Rs 300 crore by the end of 2010, according to its Managing Director, Mr Shailesh Siroya.Its new manufacturing plant in Uttarkhand is nearing completion and ...
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Godawari Power gets forest land
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OVERSEAS INVESTMENTS
Kamdhenu Ispat plant in Nepal
Kamdhenu Ispat Ltd has set up its first plant in Nepal jointly with Maruti Nandan Rolling Mills as its local partner. According to an agreement, Kamdhenu would provide technology for manufacture of TMT steel bars to the Nepalese company, which ...
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ALLIANCES & JOINT VENTURES
Seaways Group in joint venture talks with Bibby Line of UK
Hyderabad, June 24 The Rs 586-crore Seaways Group is in an advanced stage of negotiations to conclude a joint venture with Bibby Line Group of UK, a 200-year-old shipping company, specialising in offshore activities.Under the joint ...
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Sagar Cements, Vicat of France plan joint venture
Vicat picks 6.6 pc stake in Sagar for Rs 70 cr
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OUTLOOK
BHEL Tiruchi in advanced stages of tech transfer
Supercritical boilers from Alstom
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Kudremukh expects to begin mining at CN-halli soon
Kolkata, June 24 Kudremukh Iron Ore Company Ltd (KIOCL) hopes to start mining operations at Chikkanayakana-halli (better known as CN-halli) in one and a half years. The mine is expected to produce 1 million tonnes of ore annually out of ...
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Cairn’s Barmer-Jamnagar pipeline to be ready by 2009
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PERFORMANCE
Apollo Hospital’s turnover crosses Rs 1,000-cr mark
Apollo Hospitals Enterprise Ltd achieved a turnover of Rs 1,150 crore for 2007-08, crossing the Rs 1,000-crore mark for the first time in its history.Turnover for the year was up 28 per cent, over the previous year’s Rs 899 crore. ...
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