CORPORATE
ANNOUNCEMENTS
`MRPL processing 10 m tonnes crude'
MR N. Venkataramani, Vice-President (Operations), Mangalore Refinery and Petrochemicals Ltd (MRPL), has said that MRPL is processing 10 million tonnes of crude within a year of ONGC taking over it. Inaugurating the national conference on ...
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Hatsun plans to market UHT milk in cartons
HATSUN Agro Product has taken up a project to process UHT (ultra heat treated) milk and market in cartons. Mr R.G. Chandramogan, CMD of Hatsun, told Business Line here today that the Rs 8-crore project will be taken up in June and ...
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PSL bags Rs 121-cr order from Hind Construction
PSL Ltd said that it has been awarded with an order of Rs 121 crore for the supply of spiral welded pipes from Hindustan Construction Company to carry out the Godavari Lift Irrigation Scheme project for Government of Andhra Pradesh. This order ...
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Bayer (India) becomes Bayer CropScience
PREFERENTIAL ALLOTMENTS
Siel panel moots issue of 50-lakh shares to Siel Sugar
SIEL Ltd on Thursday informed the Bombay Stock Exchange (BSE) that the committee of directors, constituted to consider and make recommendations on the matter relating to further issue of shares, pursuant to the scheme of arrangement, has ...
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Vista Pharma allots shares for warrants
VISTA Pharmaceuticals Ltd has informed stock exchanges that its board of directors, at its meeting held on March 15, has allotted 2,52,702 equity shares to Vista Pharmaceuticals Inc. The company said the allotment was consequent to receipt of ...
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MERGERS & ACQUISITIONS
Tube Investments to buy out partner in TI Diamond Chain
TUBE Investments of India Ltd has informed the BSE that the company intends to acquire 12,83,000 equity shares of TI Diamond Chain Ltd (TIDC) at Rs 105 per share from Amsted Industries Inc., the foreign collaborator of TIDC, subject to necessary ...
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SICK UNITS
Swadeshi Mills' closure on cards
THE NTC holding company will shortly move the Union Labour Ministry seeking its clearance for the `official' closure of the 100-year-old Swadeshi Cotton Mills in Pondicherry, one of the sick textile units identified for closure. If the Labour ...
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OUTLOOK
Bajaj Auto plans four more 2-wheeler models next fiscal
BAJAJ Auto plans to set up assembly plants in Indonesia and Brazil soon and launch four two-wheelers before July this year. "We expect to export around half a million vehicles in five years," the Bajaj Auto Vice-President for Finance, Mr Sanjiv ...
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TRENDS
81 cos registered during Feb in Kerala
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