Financial Daily from THE HINDU group of publications
Saturday, February 21, 2004

News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Subscription

Group Sites

CORPORATE

ANNOUNCEMENTS
Uncertainty over Indal unit continues
STALEMATE in reaching an agreement on the power tariff with the Power Trading Corporation (PTC) by the Aditya Birla Group's Indian Aluminium Company (Indal) at nearby Eloor is likely to delay indefinitely the re-opening of the unit. Now the PTC ... More

BHEL bags IOC orders
HYDERABAD: With Indian Oil Corporation (IOC) opting to source equipment from Bharat Heavy Electricals Ltd (BHEL), the power utility on Friday delivered two sets of gas turbines and generators out of the Rs 475-crore order, under which it ... More

CORPORATE DISPUTES
BSES told to stop offering rebates
THE Maharashtra Electricity Regulatory Commission (MERC) on Friday asked BSES Ltd (now Reliance Energy) to stop giving rebates to customers and recover the discounts it may have already given. The regulator gave the order after rival Tata ... More

OVERSEAS BORROWINGS
GAIL to raise $100 million through ECBs by June
GAIL (India) plans to raise $100 million (around Rs 450 crore) by June through external commercial borrowings to meet its capital expenditure needs, a senior official said on the sidelines of a news conference announcing sale of Union ... More

COURTS/LEGAL ISSUES
APTransco issues legal notice to Spectrum Power
THE Transmission Corporation of Andhra Pradesh (APTransco) has issued a legal notice to Spectrum Power Generation Ltd (SPGL), an independent power project, to show cause why it "should not reduce" the capital cost of Rs 748.43 crore of the ... More

RESTRUCTURING
Zee Telefilms board okays capital restructuring proposals
THE board of directors of Zee Telefilms Ltd has approved capital restructuring proposals to correctly reflect the intrinsic value of the business. Investments in overseas subsidiaries standing in the books of Zee have been restructured to ... More

NEW PROJECTS
IOC plans $100-m expansion of Sri Lanka unit
INDIAN Oil Corporation plans to invest around $100 million in Sri Lanka to expand its operations. The IOC Director for Marketing, Dr N.G. Kannan, told presspersons on Friday that the Sri Lanka IOC Ltd has drawn up a comprehensive blueprint ... More

ALLIANCES & JOINT VENTURES
New Holland Tractors, Oriental Bank evolve new finance schemes
NEW Holland Tractors (India) has tied up with the Oriental Bank Of Commerce (OBC) to offer attractive finance schemes for New Holland tractor customers. Under the scheme, named OBC-NHI Agri Machinery Loan Scheme, farmers can avail themselves of ... More

Blue Star ties up with Hanbell for compressors
BLUE Star, a leading player in the air-conditioning and refrigeration sectors, has announced a tie-up with the Taiwan-based Hanbell Precise Machinery Co Ltd for supply of hermetic screw compressors. The link will now enable Blue Star to ... More

Stalemate over Tata Power's equity role in DVC project
TALKS between Tata Power Ltd (TPL) and Damodar Valley Corporation (DVC) on the Maithon Right Bank project are now in a stalemate stage over Tata Power's equity participation issue. Indications were that TPL was bargaining for a stake of around ... More

SICK UNITS
Bakelite Hylam declared sick
THE Board for Industrial and Financial Reconstruction (BIFR) has declared the Hyderabad-based Bakelite Hylam Ltd (BHL) as a sick industrial company. BHL is engaged in the manufacture of laminates, sheets, rods and tubes, phenolic moulding ... More

OUTLOOK
SAIL bets on good export growth
STEEL Authority of India Ltd (SAIL) hopes to end the current financial yearwith a 9-10 per cent in sales growth in terms of volume and 25-30 per cent in sales growth in terms value, the the newly-appointed Director (Commercial) of SAIL, Mr S.K. ... More

IOC to expand reach in Karnataka
INDIAN Oil Corporation (IOC) plans to expand its operations in Karnataka by opening more retail outlets, increasing tankage capacities and revamping oil terminals. Dr N.G. Kannan, Director (Marketing) told newspersons that the company has ... More


Scoreboard
SE Diary



Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line

Pick a Winner Stock Market Contest

Top Stories
Scientists develop new pest-proof rice


`Real estate boom in metros riding on BPO'

GAIL to raise $100 million through ECBs by June

Pakistan's nuclear proliferation pangs

CCMB breakthrough could help cancer therapy

Govt wary about allowing Chinese biotech imports

Looking back
Feb. 8-Feb. 14
Corporates running a different race!


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line