The Hindu Business Line : Wednesday, July 10, 2002

Lagan Jute back in black
AFTER registering losses for years, Lagan Jute Machinery Company Ltd has recorded a nominal net profit. Under the guidance of Mr Sanjay Kajaria, Director of Muralidhar Ratanlal Exports Ltd, the company has recorded a net profit of Rs 4.74 lakh ... More

HPL still sourcing naphtha from IOC
CONTRARY to what was announced recently by its Chairman, Mr Tarun Das, Haldia Petrochemicals Ltd (HPL) is continuing to purchase naphtha from Indian Oil Corporation (IOC). Sources told Business Line that buying its feedstock from ... More

Balrampur Chini to supply ethanol to oil cos from Aug
BALRAMPUR Chini Mills Ltd will start supplying ethanol to oil majors such as Indian Oil, Bharat Petroleum and Hindustan Petroleum from August this year. Production and sale of ethanol to oil companies is a part of the company's overall strategy ... More

Ion Exchange to tap rural markets

Dr Reddy's board meet on July 31

Tata Steel clarification

ACCOUNTING STANDARDS

Merck in murk
THIS is starting to look like a school confessional. "Who made a face at me when I was writing on the board?" the teacher demands and, one by one, kindergarten kids stand up. Merck may not be the last one to stand up and say, "I fouled." Even ... More

ENVIRONMENT

New reactor commissioned at KRL unit
THE residents of Kochi will have cleaner air to breathe, thanks to the new reactor which has been commissioned at the hydro desulphurisation unit of Kochi Refineries Ltd. "This is part of our continuous effort to produce eco-friendly products ... More

RESTRUCTURING

Jubilant may merge Vam cos with itself
THE board of directors of Jubilant Organosys Ltd (formerly Vam Organic Chemicals Ltd) is to meet on July 17 to consider the merger of Vam Leasing and Vam Investments with the company. The company has informed about it to the Bombay Stock ... More

MERGERS & ACQUISITIONS

Indal shareholders raise merger fears at AGM
Citing instances of the Indal Chairman, Mr Kumar Mangalam Birla, not attending the company's AGMs since the controlling stake of the company was bought in 1999-2002 they felt that Mr Birla could be planning a merger of Indal with Hindalco. More

NEW PROJECTS

Ambuja (Eastern) plans commercial complex in Kolkata
WITH surplus power, good telecom connectivity, reasonably low real estate prices and a low level of communal disharmony, Kolkata is all set to be one of the most investment-friendly destinations in the country, says Mr Harshvardhan Neotia, ... More

UB uncorks new co for low-end market
THE UB group is rejigging its presence in the low-priced segment of the Indian made foreign liquor (IMFL) market through a new company, Phipson Distilleries Ltd. Phipson will provide the umbrella for the group's low-end (third line) brands and ... More

REGULATORY BODIES & RULINGS

DCA studying breach of Cos Act by Reliance
DCA official confirmed that the department was examining the nitty-gritty and details of the 600-page report and, based on their findings, actions would be initiated. More

INTERVIEW

'Good scope for infrastructure funding'
"If I may say, we have just taken out a bucketful of water from the ocean. Now that we have consolidated our position, we hope to accelerate the velocity and grow faster as a company," says Mr Hemant Kanoria, MD, Srei International Finance Ltd. More

OUTLOOK

Cidex preparing trade fair plans
CIDEX has drawn up ambitious plans for organising high quality trade fairs to meet business interests in different parts of the country. The calendar of events includes several international exhibitions and conferences on a wide range of ... More

PERFORMANCE

IFFCO records sales turnover of Rs 5,096 crore
INDIAN Farmers Fertiliser Cooperative Ltd (IFFCO) registered a sales turnover of Rs 5,096 crore and the pre-tax profit jumped to Rs 371.15 crore during 2001-02 from Rs 234 crore in 2000-01, an increase of 58 per cent. The networth stood at Rs ... More

BOC first-quarter net at Rs 12.78 cr
FOR the quarter ended June 30, 2002, BOC India Ltd has registered a slight improvement in net sales and registered a net profit of Rs 12.78 crore compared to a net loss of Rs 80 lakh in the corresponding quarter of the previous year. During the ... More

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Jun. 30-Jul. 6
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Orchid sets up joint venture with Bexel Biotechnology