Corporate news

Our Bureau Coimbatore | Updated on January 11, 2012 Published on January 11, 2012

The LIC has trimmed its holdings in Bata India Ltd from 5.496 per cent to 3.406 per cent by selling about 13.42 lakh shares in the company for nearly Rs 64 crore.

Bata said that LIC had sold the shares, constituting about 2.090 per cent of its stake, in recent months through the stock exchanges. After the sales, LIC's holding in Bata is down to 21,89,030 shares forming 3.406 per cent of equity.

NMDC Ltd has signed a contract for By Product Plant (BPP) package for the upcoming three-MTPA integrated steel plant at Nagarnar with the consortium lead by Shriram EPC Ltd (SEPC) on January 10 valued Rs 509.00 crore. The BPP unit is an important installation in integrated steel making, which processes valuable raw coke oven gas from coke ovens to yield by products like TAR, naphthalene and sulphur besides clean coke oven gas used in the fuel gas network of the plant.

Published on January 11, 2012
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