Comments
BF Utilities Ltd has said that the transaction in relation to the FDI in Nandi Economic Corridor Enterprises Ltd (NECE), a company incorporated for and undertaking the implementation of Phase I of the Bangalore Mysore Infrastructure Corridor Project and an indirect subsidiary of the company, has been recently completed by NECE.
Gujarat Gas Company Ltd has, to meet the natural gas requirement for its markets, entered into an agreement with BG India Energy Solutions Private Ltd to purchase on a firm basis of re-gasified LNG of 0.7 mmscmd from April 1 to June 30 and 1.0 mmscmd from July 1 to December 31.
Hindustan Composites Ltd has sold its Jalna unit for Rs 5.83 crore to Spitmaan Group of Companies.
3i Infotech Ltd has said that of the $50-million Zero Coupon Foreign Currency Convertible Bonds issued in 2006, FCCBs of nominal value of $29.8 million were converted into 59,77,602 equity shares and the outstanding bonds of nominal value of $20.2 million, due for redemption on the maturity date, were redeemed in full on March 17, 2011, at the redemption price of 139.703 per cent of its principal amount, as per the terms and conditions of the issue.
All the FCCBs issued by the company under the above referred offering have been extinguished in full and there are no outstanding as on date.
Lanco Infratech Ltd has said that Lanco Anpara Power Ltd, a group company, has successfully synchronized unit-I (600 MW) on March 19. This puts LANCO as the country's no.1 Independent Power Producer with installed capacity of about 3,292 MW.
Sadbhav Engineering Ltd has been awarded two projects by the Executive Engineer, Narmada Development Division 20, Mandleshwar, MP, in joint venture with GKC Projects Ltd, Hyderabad, for contract value of Rs 869.23 crore. It will lead the joint venture with 40 per cent participation share.
Shriram City Union Finance Ltd's Board of Directors will consider on March 24 various means of raising of funds including but not limited to a public issue of Secured Non-Convertible Debentures.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.