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Deepak Fertilisers & Petrochemicals Corporation Ltd has said that based on company's vision to be a global player in Technical Ammoniurn Nitrate (TAN) business, the Government of South Australia (SA) has identified a potentially suitable site near Port Bonython, Whyalla in SA for the company's proposed 300 ktpa TAN plant enabling the company to undertake detailed feasibility study including other environment / safety related studies.
Road Infrastructure Development Company of Rajasthan Ltd (RIDCOR), a 50:50 joint venture between the Infrastructure Leasing & Financial Services Ltd (IL&FS) and the Government of Rajasthan (for which IL&FS Transportation Networks Ltd holds beneficial interest in the shareholding of IL&FS in RIDCOR), had been entrusted a project by the Government of Rajasthan under the mega highways project for development of seven road stretches aggregating to 272.5 km on toll basis with a concession period of 32 years including construction period of two years. The cost of the project according to the loan agreements is Rs 814 crore. Financial tie-up has been achieved and loan agreements have been executed with Allahabad Bank for the senior debt facility.
NTPC Ltd has said that the Unit 3 of 500-MW of Simhadri Super Thermal Power Project has been successfully synchronised with grid at 00:58 hrs of March 29 on coal firing.
Super Spinning Mills Ltd's wholly owned subsidiary Sara Elgi Arteriors Ltd has on March 29 acquired 58.32 per cent of the equity share capital of Elgi Building Products Ltd, a leading manufacturer of PVC extrusions used in the manufacture of UPVC doors and windows, resulting in it becoming a subsidiary of Sara Elgi Arteriors Ltd and thereby, of Super Spinning Mills Ltd, which also directly holds the balance of 41.68 per cent of the equity share capital of Elgi Building Products Ltd.
Torrent Pharmaceuticals Ltd has termed reports of stake sale to AstraZeneca as absolutely baseless and untrue and there is no move on the part of the promoters of the company or its management to sell any stake in the company to any players, national or global.
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