The Hindu Business Line : Corporate Recap

Essar Steel has announced the acquisition of Canadian Algoma Steel for an aggregate value of $1.58 billion (approximately Rs 6,790 crore) to be paid in cash.

The consortium of ONGC, British Gas and Reliance Industries has announced an investment of Rs 2,192 crore to derive a 30 per cent rise in output from Panna-Mukta-Tapti fields in the western offshore.

The Lanco group has received clearance for the proposed $1-billion (approximately Rs 4,300 crore) IT special economic zone (SEZ) planned near Hyderabad.

Punj Lloyd has bagged a contract worth Rs 530 crore from Oman Gas Company for construction of pipelines on an EPC (engineering, procurement and construction) basis in Oman.

Valecha Engineering has secured orders worth Rs 100 crore for road projects in North India and wall works for the Delhi Metro.

Goldstone Technologies has signed an agreement with the Mauritius-based Asia Today, a subsidiary of Zee Telefilms to market, to sell and distribute Zee channels to subscribers in eight countries in the Asia Pacific region.

Balaji Telefilms and STAR have announced a joint venture to launch regional language general entertainment channels in India.

Coromandel Fertilisers has bought out the 25 per cent equity holding of IFFCO in Godavari Fertilisers and Chemicals for a total consideration of Rs 120 crore.

L&T has entered into a joint venture with Japan's Mitsubishi Heavy Industries to manufacture super-critical boilers in India.

Sunil Hi-tech has bagged two orders worth Rs 82 crore from Reliance Energy and the US-based Dodson-Lindblom.

Gemini Communication has bagged a Rs 57.6-crore order from the Government of Punjab for the supply, installation and maintenance of information technology infrastructure for an education project in the State.

Praj Industries has announced its intention to form a joint venture with Aker Kvaerner of the Netherlands with an investment of Rs 40 crore.

Piramyd Retail has signed a deal with Dynamic Vertical Solutions (DVS) for the implementation of Life Style Retail, a product of Landsteinar Strengur (a leading international developer of retail and hospitality solutions) in its stores.

HCL Technologies and the Riyadh-based Advanced Electronics Company (AEC) have signed an agreement to implement IT projects in Saudi Arabia.

General Motors has announced that it would source components worth $1 billion annually over the next four-five years from India.

Redington India has entered into a Distributor Agreement with Apple Computer International for the distribution of the latter's range of products in India.

Simplex Projects has partnered with EWW Verenigde Bedrijven B.V. of Holland for developing integrated total solutions for automated car parking.