ECE Industries Ltd's board of directors on Tuesday decided to buy back up to 8,75,000 fully paid equity shares at a maximum price of Rs 145 a share from open market through stock exchanges up to a maximum amount of Rs 12.68 crore being 8.42 per cent of the paid up capital and free reserves of the company at the end of March 31.
Gujarat Pipavav Port Ltd has entered into an agreement with IMC Ltd for leasing out 1,00,000 sq metres of land to develop the tankage facility at Pipavav Port.
JSW Steel Ltd has witnessed a nine per cent growth in crude steel production in the first quarter of current fiscal compared to the same quarter last year. Crude steel production in Q1 of 2011-12 was 1.71 million tonnes (including 0.03 million tonnes of trial- run from expansion project), an increase of nine per cent over the same period last year. Production of rolled products (flat) saw an identical nine per cent jump to 1.19 million tonnes while production of rolled products (long) was 0.35 million tonnes, an increase of 12 per cent.
Servalakshmi Paper Ltd has said that due to a break down in the turbine supplied by Siemens, the power plant and the paper production have been hit. It may take 3-4 weeks to resume production.
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