The Hindu Business Line : Corporate Recap

Bharti Airtel has announced an investment of $3.5 billion (approximately Rs 14,350 crore) in 2007-08 to upgrade/expand its telecom network across the country.

The Vedanta group has announced the acquisition of the 51 per cent stake in Sesa Goa owned by Japan's Mitsui for $981 million (approximately Rs 4,022 crore), implying a price of Rs 2,036 per share.

The Tetley group, a Tata Tea subsidiary, has agreed to buy the Vitax and Flosana trademarks (specialty tea brands) in Poland from Premium Foods for an undisclosed sum.

Siemens has announced the acquisition of a 77 per cent stake in the Chennai-based iMetrex Technologies, a provider of products and solutions in the areas of electronic security, safety and building automation systems.

Orbit Corporation has acquired a two-acre plot belonging to Ambuja Cements in Mumbai at a cost of Rs 333 crore.

Everest Kanto Cylinders has bagged an order worth Rs 220 crore for the supply of specialised cylinders.

Larsen & Toubro has received a Rs 200-crore order for a building project in Dubai.

Bharati Shipyard has secured a contract worth $43.3 million (approximately Rs 177 crore) from UP Offshore (Bahamas) for the construction of two Platform Supply Vessels.

Punj Lloyd has bagged an order worth Rs 180 crore from Reliance Gas Transportation for the construction of gas pipeline and other facilities.

Stone India has entered into an exclusive understanding with the China-based ZRJC for the manufacture and supply of air-conditioning system along with control system for passenger coach rolling stock and metro coaches.

Emami group has announced the setting up of a bio-diesel plant in West Bengal with an investment of Rs 150 crore.

Parsvnath Developers has bagged a new project from Delhi Metro Rail Corporation to develop a prestigious integrated shopping mall and metro station at the games village complex.

Hotel LeelaVenture has won a Rs 611-crore bid for a three-acre plot on Africa Avenue in South Delhi.

SKF India has announced an investment of about Rs 150 crore for setting up a manufacturing site in Haridwar, Uttarakhand.

Madhucon Project has bagged an irrigation project of GNSS main canal in Kadapa district of Andhra Pradesh. The project is valued at about Rs 134 crore.

Suprajit Engineering has signed a technical collaboration agreement with Korea's Michang Cable Company to manufacture gear shifters and cables.

Tata Power has announced the acquisition of Coastal Gujarat Power, a special purpose vehicle formed for Mundra Ultra Mega Power Project.