CORPORATE
ANNOUNCEMENTS
Kymore plant to go the conveyor route
COME August and ACC Ltd will have its 2.25-million tonne capacity cement plant commissioned at Kymore in Chhattisgarh. The entire quantity of limestone, an estimated six million tonnes to be required annually, will ...
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Madras Motor Sports Club pays dues to Indian Bank
MADRAS Motor Sports Club has made use of the RBI-sponsored One Time Settlement scheme and has paid the Indian Bank Rs 4.36 crore - against its dues of Rs 16 crore to the bank. "This was made possible with the active participation of two of ...
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Pentamedia to set up Media City in Chennai
PENTAMEDIA Graphics intends to set up a Media City in Kelambakkam in Chennai, which would offer a range of services to the film industry, the company's Chairman, Mr V. Chandrasekharan, told Business Line. He said that the company may ...
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AWARDS & HONOURS
Polaris, L&T bag awards
CHENNAI: The Mother Teresa Award for Corporate Citizen 2003 instituted by the Loyola Institute of Business Administration (LIBA) was conferred on Polaris Software Labs Ltd and the commendation award to Larsen and Toubro Ltd. The award ...
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RESTRUCTURING
Pentamedia goes in for business restructuring
PENTAMEDIA Graphics Ltd has decided to restructure its business, putting all the production-related activities of itself and its subsidiaries into one of its subsidiaries, Mayajaal Entertainment Ltd. After this, Pentamedia Graphics will do only ...
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NEW PROJECTS
Nava Bharat plans to expand chrome capacity — Mulls option to cut input cost
AIMED at meeting the growing demand from the domestic steel industry, Nava Bharat Ferro Alloys Ltd is planning to further expand its ferro chrome production capacity. The company's board at its meeting held recently has approved a scheme of ...
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OUTLOOK
CMC finds risk in banking on Govt projects
CURRENTLY deriving approximately two-thirds of its revenues solely from clients who are either the Government and or its entities, CMC Ltd, the software major acquired by Tatas, now finds a risk in dependence over Government projects and is also ...
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