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Saturday, March 13, 2004

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ANNOUNCEMENTS
Hind Sanitaryware to invest Rs 195 cr in glass division
HINDUSTAN Sanitaryware plans to invest Rs 195 crore to almost double the production capacity of its container glass division to 750 tonnes within a year following increased demand. Mr R.K. Somany, Chairman and Managing Director, said that about ... More

`Indal can use coal block only for proposed project'
CONTRARY to the claim by Indian Aluminium Company Ltd (Indal) that a virgin coal block (Talabira-I) was allotted to the company a few years ago for meeting the requirement of its existing 67.5 MW captive power plant, Coal India Ltd (CIL) has ... More

GMR Energy receives Rs 100-cr investment
GMR Energy Ltd has raised Rs 100 crore of equity from the India Development Fund. The company, operating two plants at Mangalore and Chennai, is one of the largest independent power producer in India. The fund would be used to set up a new ... More

Ranbaxy launches drug for erectile dysfunction
RANBAXY Laboratories Ltd has launched Forzest (Tadalafil), its most recently approved prescription medicine for the treatment of erectile dysfunction (ED) in men. Currently, oral specific medication for management of erectile dysfunction, ... More

  • Shree Syn board meet

    PREFERENTIAL ALLOTMENTS

  • GE Capital to invest in Ashok Leyland Finance

    COURTS/LEGAL ISSUES
    Patent cases againt Dr Reddy's, Ranbaxy — `Pfizer's victory not to impact Indian generics'
    A FAVOURABLE decision from the US Courts, twice in a little more than a fortnight - against Dr Reddy's and now Ranbaxy - may be a double whammy for Pfizer Inc, but it is not necessarily a thumbs-down for Indian generic companies, feel ... More

    CREDIT RATING
    ICRA grading to BE Billimoria
    CREDIT rating agency ICRA Ltd has assigned a CR2 grading to BE Billimoria and Company that indicates strong project execution capability. The rating is based on the company's ability to complete projects on time without cost overruns and pay ... More

    CORPORATE BONDS
    Highest safety rating for PowerGrid bonds
    ICRA has reaffirmed the highest safety `LAAA' rating assigned to the long-term bonds programme of Power Grid Corporation of India Ltd (PGCIL). The rating reflects PowerGrid's strategic role in the country's power sector as a sovereign-owned ... More

    NEW PROJECTS
    Work apace on Oswal ammonia plant in Australia
    THE construction of the A$630-million (Rs 2,236 crore) liquid ammonia plant by the Oswal group is proceeding on schedule and it is likely to go on stream around July 2005. "The construction of the project is going on schedule, though there was ... More

    CPCL plant to produce water from sewage
    CHENNAI: Chennai Petroleum Corporation Ltd has set up a demonstration plant that can treat sewage and produce one million litres of water a day. The plant, set up at a cost of Rs 60 lakh, was inaugurated today by Dr R.A. Mashelkar, ... More

    INTERVIEW
    `Cheap Chinese imports hurting domestic tyre cos' — MRF looks to raise exports to 50 pc of sales
    What hurts the industry even more is that Chinese tyre companies are able to buy rubber from India at prices much lower than that available to domestic tyre companies. And, in turn they dump tyres in India at almost half the price, according to ... More

    IOC aims for presence from `drilling to dispensing'
    INDIAN Oil Corporation (IOC) is an oil multinational in the making. Ranked 191 in the Fortune 500 list, IOC wants to get into the first 100 ranks by 2011 pushing its turnover from $25 billion now to $40 billion by that period. In an interview ... More

    RIGHTS ISSUE
    Bharat Forge rights issue placed at 1:20
    BHARAT Forge Ltd on Friday informed BSE that its proposed rights issue would be in the ratio of one equity share of Rs 10 each for every 20 equity shares of Rs 10 each held on a record date to be notified later. The rights shares would be in ... More

    Sterlite files draft offer for rights issue
    STERLITE Industries has filed the draft letter of offer for rights issue of 2.27 crore equity shares of Rs. 5 each. According to the draft offer document filed with Securities and Exchanges Board of India, the price range of the issue would be ... More

    SICK UNITS
    Decks cleared for TRL revival
    ALL hurdles seem to have been cleared to revive Travancore Rayons Ltd (TRL) at nearby Perumbavur, with the government and leaders of the opposition parties reaching a consensus. At a meeting on Tuesday (March 9) held by the State Industry ... More

    Ester Ind rehabilitation moves a step ahead
    THE rehabilitation proposal of Ester Industries Ltd (EIL), manufacturers of polyester chips, has moved a step forward with the Foreign Investment Promotion Board (FIPB) giving its nod for transfer of 14.04 per cent stake held by German financial ... More

    OUTLOOK
    Coking coal shortage hits SAIL plants
    ALL the four integrated steel plants of Steel Authority of India Ltd (SAIL) are facing an acute shortage of imported coking coal. The crisis has assumed such great proportions that almost all the mills are forced to cut down ... More

    PEOPLE

  • Hindustan Latex Director
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    SE Diary



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  • Top Stories
    Patent cases againt Dr Reddy's, Ranbaxy — `Pfizer's victory not to impact Indian generics'


    Work under way on cheap infotainment computers

    Car sales up 73 pc in Feb — Two-wheelers too have a good ride

    Industrial growth up 7.4 pc in January

    `India can become hub of machinery manufacturing'

    `Indian switchover to flat TVs will be faster'

    Sugar import likely as domestic output dips

    Looking back
    Feb. 29-Mar. 6
    Unclaimed fixed deposits — Companies favour quarterly transfer to Fund

    Ashok Leyland to spend Rs 650 cr on capacity expansion

    Borrowing spree in the offshore turf

    Will corporates take IDR route?

    ONGC expects major gas find in KG basin

    Haier buys out entire stake in Indian unit

    JB Chem lines up hectic schedule for coming year

    BMW team holds talks with Naidu


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