Corporate
Madras Cements net up, sales down
MADRAS Cements Ltd, brand owners of Ramco, has reported a net profit of Rs.40.22 crores for the year ended March 31, 2000, an increase from Rs. 39.92 crores reported for 1998-99.
BIFR final call to revive IISCO
THE Board for Industrial and Financial Reconstruction (BIFR) has decided to give one last opportunity to the Centre for rehabilitating Indian Iron & Steel Co Ltd (IISCO).
Grundfos Pumps eyes 50 pc market share
GRUNDFOS Pumps India Pvt. Ltd, a 100 per cent subsidiary of Grundfos of Denmark, is aiming at a 50 per cent share of the market for circulator, submersible and vertical in-line pumps in India. The market segment for such pumps in India is valued at Rs. 5
0 crores, according to Mr. Shashi Naik, all-India Sales Manager of Grundfos Pumps.
Punjab Tractors proposes 2:1 bonus
THE board of Punjab Tractors Ltd has recommended a bonus issue of two shares for every one share held. The company ended 1999-2000 with a six per cent increase in net profit at Rs. 133.26 crores as compared to Rs. 125.83 crores the previous year.
SKF Bearings sells premises
SKF BEARINGS India Ltd has sold its head office premises at Nariman Point in Mumbai and an office and warehouse at Worli for Rs. 27.77 crores.
Giri Bros., CAS Weighing tie up
CHENNAI: Giri Brothers Pvt. Ltd, engaged in sales, service and rental of weighing, counting and testing machines, has tied up with CAS Weighing India (Pvt.) Ltd for marketing the latter's product, CAS electronic weighing machines, in Tamil Nadu
, says a company press release.
Indo Rama revises product prices
NEW DELHI: Indo Rama Synthetics (I) Ltd has revised prices of its product range which includes polyester staple fibre (PSF), fully drawn yarn (FDY) and draw texturised yarn (DTY), from June 1 this year.
Debt restructuring package -- Natco Pharma promoters asked to pump in funds
THE promoters of the Hyderabad-based Natco Pharma Ltd (NPL) were asked by their consortium of banks and financial institutions lead by the Industrial Development Bank of India (IDBI) to pump in funds to the tune of Rs. 15 crores before the consortium con
siders sanctioning a debt restructuring package.
DSE to issue 21 additional cards
THE Delhi Stock Exchange (DSE) is planning to expand its membership base with the issue of 21 additional cards at an approximate price of Rs. 50 lakhs each.
Miscellaneous
BIFR spikes Steel Strips' reference
THE Board for Industrial and Financial Reconstruction (BIFR) has dismissed the reference filed by Steel Strips Ltd (SSL) as ``non-maintainable''.
Claim on Lagan Jute after MoU for majority stake sale
LAGAN Jute Machinery Company Ltd (LJMC), the ailing subsidiary of Bharat Bhari Udyog Nigam Ltd (BBUNL), has recently lost tenancy rights of office space in the city where its headquarters was located. LJMC has also been served with a notice by the agenc
y concerned -- which has cited a court decree -- to the effect that it has to pay nearly Rs. 64.25 lakhs on account of commercial surcharge arrears.
