The Hindu Business Line : Corporate Recap

Aditya Birla Group has announced its intention to invest $260 million (approximately Rs 1,144 crore) to expand its textile fibre capacity to meet the rising global demand for casual fabrics.

Man Industries has received an order worth Rs 1,000 crore for the manufacture and supply of pipes to the US.

Patel Engineering and its joint venture with Gammon India have bagged an order worth Rs 806 crore for a 434-MW hydroelectric project.

Satyam Computer Services has signed a five-year contract worth $200 million (approximately Rs 880 crore) with the US-based Applied Materials Inc, a global player in nano-manufacturing technology for providing application development, maintenance and support services.

Kirloskar Oil Engines has announced the setting up of a greenfield project worth Rs 550 crore to manufacture diesel generator sets and engines in Maharashtra.

NTPC has signed an agreement with the German banking group KfW for a term loan of $100 million (approximately Rs 440 crore) to part-finance renovation and modernisation of its plants.

Titan Industries has announced its intention to enter the prescription eyewear business and plans to open 150 stores in the medium term.

TRF has received letter of intent worth Rs 125 crore from Navyug Engineering for supply, installation and commissioning of yard equipment.

Raj Television Network has signed an agreement to provide content for Singapore's Vasantham Central channel, which caters to the Tamil community in the city-state.

ABG Shipyard has secured a repeat order worth $13.50 million (approximately Rs 60 crore) from the Cyprus-based Lamnalco for the construction of a 100-mega tonne tug.

Jagran Prakashan has announced the launch of a new current affairs web portal in Hindi in partnership with the Internet major, Yahoo India, in the second half of this year.

Shringar Cinemas has acquired a three-screen operational multiplex at Anand in Gujarat for an undisclosed amount.

Bank of Baroda has chosen UK's Legal & General to be its joint venture partner for its life insurance venture.

BSEL Infrastructure has announced that its subsidiary has entered into an agreement for the acquisition of three plots in Emirates City for developing residential towers.

Komatsu India has set up a Rs 50-crore plant for producing off highway dump trucks near Chennai.