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Coimbatore, Nov. 5 Hindalco Industries Ltd has informed, vide notes to accounts in the un-audited financial results for the quarter ended September 30, that a new company — MNH Shakti Ltd — has been formed in July2008 jointly with Mahanadi Coalfields Ltd and Neyveli Lignite Corporation Ltd according to the condition of allotment letter of Ministry of Coal for the purpose of exploration of coal block allotted by the Orissa Government. The company’s holding in the new entity is 15 per cent, while Mahanadi Coalfield Ltd holds 70 per cent and Neyveli Lignite Corporation Ltd holds 15 per cent.

Shriram EPC Ltd’s board of directors passed a resolution for altering the main object of the memorandum of association of the company to carry on business as importers, exporters, dealers and traders in iron ore, coal, coke, oils including hydrocarbon products, refractories, iron and steel and other components and materials required by the metallurgical industries and power plants.

State Bank of Travancore has fixed December 20 as the record date for the purpose of splitting of face value of the shares from Rs 100 a share to Rs 10 a share.

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