Amit Spinning Industries Ltd has lifted the lock out in yarn manufacturing unit at Kolhapur, Maharashtra, after the management and the labour union reached an understanding and production is likely to start shortly in the unit.
D.B. Corp Ltd has said that on Monday a decision was taken for acquisition of the business of M.P. Printers, a division of Writers and Publishers Private Ltd (a Dainik Bhaskar Group company) engaged in high quality commercial printing and having state-of-the-art printing facilities, on a slump sale basis, subject to completion of requisite legal formalities.
Stelco Strips Ltd's board of directors have approved an enabling resolution for seeking consent of shareholders through postal ballot for sale/lease/ transfer and otherwise disposal of all or any of the units of the company in view of financial and operational stringency.
Tata Chemicals Ltd, Olam International Ltd and the Government of the Republic of Gabon have announced the signing of the pre-construction services agreement for the proposed 1.3 million tonnes a yea (MTPA) urea fertiliser plant in Gabon between their joint venture company Gabon Fertiliser Company and Technip S.A. (a world leader in project management, engineering and construction in the energy and chemicals industry).
The project is based on natural gas as feedstock to be supplied at competitive price by Republic of Gabon and will produce granular urea.
GFC is expected to be one of the lowest cost producers of urea globally and, therefore, well positioned to meet the demand in its key target markets. It is planned to complete the FEED and OBE within seven months and thereafter achieve commercial production of urea within 31 months.
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