CORPORATE
RESEARCH & DEVELOPMENT
Standard Electricals to upgrade R&D
STANDARD Electricals Ltd, one of the leading companies in the switchgear industry, is planning to upgrade its R&D facilities so as to make a strong presence in the exports market. The company has earned Rs15 crore from exports last year, which .
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ANNOUNCEMENTS
Reliance Energy puts three power plants on the block
LEADING power producer and distributor Reliance Energy Ltd (REL) is selling its interests in three electricity generation plants that have a combined capacity of about 433 MW, it is learnt. REL has appointed a leading investment banker to ...
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L&T denies it received land from AP Govt
L&T on Monday denied that it had received land in Hyderabad from the State Government as alleged by the CPI (Maoist) and Janashakti. There were reports in the media about the allegations, which had mentioned a list of individuals and companies .
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L&T to export engg equipment worth Rs 120 crore
L&T will be exporting engineering equipment (reactors) worth Rs 120 crore to China, Kuwait and the US for oil refineries and petrochemical units. The company, which has decided to position itself as a high-end infrastructure and engineering ...
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Nagarjuna Construction bags Rs 226-cr orders
NAGARJUNA Construction Company Ltd (NCCL) has secured four new orders worth Rs 226.90 crore. The orders include strengthening and improvement of transmission and distribution network from the Assam State Electricity Board, construction of ...
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Matrix mulls bonus, stock split
MERGERS & ACQUISITIONS
Kochi Refineries board to consider merger with BPCL
THE board of directors of Kochi Refineries Ltd (KRL) at its meeting scheduled for October 26 will consider a proposal to merge with Bharat Petroleum Corporation Ltd (BPCL). It will also consider and pass the half yearly results of the ...
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NEW PROJECTS
Jindal Steel signs pact with Orissa Govt
JINDAL Steel and Power Ltd (JSPL) has signed a Memorandum of Understanding with the Government of Orissa to set up a two million-tonne steel plant, 80,000 tonne ferro alloys plant and 200 MW captive power plant in the State. The integrated ...
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Pentair to foray into water purification
THE $4-billion Pentair Inc., a global player in the water technology business, has set up a new assembly line at its Indian facility to foray into the commercial and institutional water purification market here. The new assembly line has been ...
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Everest Industries relocating Denmark plant to Nashik
ACC's Delhi-based subsidiary, Everest Industries Ltd, is in the process of dismantling and relocating an entire `compressed board' plant from Denmark to Nashik, in Maharashtra. The plant, which was being operated by the euro 2-billion Danish ...
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INTERVIEW
`We aim to be an integrated player in jewellery space'
RAJESH Exports Ltd (REL), gold jewellery manufacturer and major exporter and wholesaler of gold jewellery, struck a scorching pace of growth in the financial year 2003-04, when its topline vaulted over 12 times to Rs 3,050 crore from Rs 245 ...
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OUTLOOK
`Posco's Orissa project plan hinges on infrastructure'
RISING steel consumption in Asia and a raw material scenario strained by that fast growth may be authoring a race to access India's iron ore deposits. On Monday, Mr Jeong, Tae-Hyun, General Manager (Director) Posco, told Metal ...
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