• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• Smartbuy

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Coimbatore, June 30 JK Tyre & Industries Ltd’s Board of Directors has approved rights issue in the ratio of 1:3 at a price of Rs 85 per share (including Rs 75 towards premium). The full amount of R s 85 is payable on application and July 14 is the record date.

McNally Bharat Engineering Company Ltd has received an order from Mundra Port and Special Economic Zone Ltd, Ahmedabad, for design, engineering, manufacturing, supply, erection, commissioning and performance testing of 4 nos. rail mounted bucket wheel stacker reclaimer valued at Rs 47.30 crore.

Pratibha Industries Ltd has secured a contract for construction of mall podium up to ground level from Lanco Hills Technology Park Pvt Ltd valued at Rs 179.72 crore. The project is to be executed in 15 months.

Steel Strips Wheels Ltd has informed that the shareholders at an EGM held on June 28 that it had approved the proposal to offer, issue and allot optionally convertible bonds (0CB) to Tata Capital Ltd, up to Rs 20 crore, by way of preferential allotment. These OCBs can be converted into fully paid up equity shares within 18 months from the date of issue, according to the terms and conditions mentioned in the approved resolution.

Sumeet Industries Ltd’s Board of Directors, on June 30, discussed various activities of the project and found them satisfactory. The Chairman told the Board that part of the imported machineries has arrived at factory site and L/C. for other main plant and machineries has been opened and in the process of shipment. Civil work of the factory building is progressing well and schedule to be completed by September and the plant will commence operation as scheduled.

More Stories on : Announcements

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Corporate developments

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line