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Our Bureau

Coimbatore, Aug. 25 Lakshmi Energy and Foods Ltd has commissioned biomass husk-based power project and the export of electricity to the Government grid has started. The modern plant is based on husk as fuel and husk required by this plant is produced by the company itself from its paddy shelling operations.

The plant is also entitled to earn carbon credit under Kyoto Protocol, which will further add to its bottom line.

This marks the beginning of a new era for the company in which besides contributing food for masses, the company will also meet the green power requirements of the nation.

MM Forgings Ltd has fixed September 30 as the record date for the issue of bonus shares at 1:1 ratio.

Allotment of bonus shares will be done on October 15.

Nectar Lifesciences Ltd’s board of directors has approved the signing of non-binding term sheets for issue of preferential equity with Citi Venture Capital International and Everest Capital (M) Ltd and also the issue of GDRs/ ADRs/ or any other international offering up to $50 million.

Solar Explosives Ltd has received the Letter of Award from CMDC, a 100 per cent State owned company of the Government of Chhattisgarh, as partner for formation of joint venture company for development, mining and marketing of coal with an estimated reserve of 80 million tonnes from Shankarpur (C.G.).

TTK Prestige Ltd has informed that its promoters TT Krishnamachari & Co are desirous of delisting the equity shares of TTK Prestige Ltd from the Bombay Stock Exchange as well as the National Stock Exchange Ltd in accordance with SEBI (Delisting Guidelines 2003). The meeting of the board of directors scheduled to be held on September 1 will consider this matter amongst others.

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