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Bajaj Hindusthan Ltd's board of directors will on April 30 consider rights issue.
Chemfab Alkalis Ltd has said that with reference to its writ petition filed with the Madras High Court seeking to direct the Government to recommence the operation of the plant, the High Court has ordered an interim direction to the Government authorities to allow the company to open the plant and run for two days and thereafter authorities shall inspect it. If Government authorities are satisfied that the recommendations made by the Expert Committee had been complied with, the Government may pass appropriate orders allowing the company to run the plant further.
Development Credit Bank Ltd's Capital Raising Committee of the Board has approved raising an amount not exceeding Rs 300 crore (including Rs 150 crore which has been authorised by the shareholders at the AGM held on June 1, 2010 and could not be raised till date) through issue of further shares including under QIP, subject to securing approvals as applicable.
Ingersoll-Rand (India) Ltd's board of directors on April 27 approved the proposal to set up an additional manufacturing facility to expand its range of products for which an appropriate location in South India is being considered.
Orient Paper & Industries Ltd's board of directors on April 27 decided to further diversify the range of its consumer electrical products by addition of household appliances such as mixers, geysers, coolers, room heaters etc in addition to fans and lighting products. The board also advised the management to identify and explore various other options of growth and business restructuring of the company resulting in enhancement of shareholder value.
Polaris Software Lab Ltd has signed a definitive agreement to make a strategic investment of 85.3 per cent equity in IdentTrusi Inc a US-based company subject to relevant approvals.
Thermax Ltd has received an order valued at Rs 366 crore, one of the biggest blast furnace gas fired captive power plant orders received by the company, for a 120-MW captive power plant from a leading steel-sector PSU.
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