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Tuesday, December 28, 2004

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ANNOUNCEMENTS
Dalmia Cements to consider leasing out thermal power plant
DALMIA Cements Bharat Ltd plans to lease out a 29 MW thermal power plant that it is setting up at Dalmiapuram in Tamil Nadu. It has informed the BSE today that its board of directors will meet on December 28 to consider the proposal to lease out ... More

Jain Irrigation gets AP Govt nod for price hike
JAIN Irrigation Systems Ltd (JISL) informed the bourses on Monday that the Andhra Pradesh Government has agreed to 15-25 per cent increase in the price of various components to be supplied under the AP Micro Irrigation Project involving ... More

NCCL bags orders worth Rs 955 cr
HYDERABAD: Nagarjuna Construction Company Ltd (NCCL) has secured three new orders worth Rs 955 crore from the National Highway Authority of India for construction of highways under the East West Corridor Project in Gujarat. These ... More

BUYBACK
Reliance board clears buyback, backs Mukesh — Anil abstains from voting
THE board of directors of Reliance Industries Ltd (RIL), in its first meeting after the feud between the Ambani brothers became public, today attempted to soothe investor anxiety by explicitly backing Chairman Mr Mukesh Ambani as the leader of an ... More

Buyback inappropriate at this stage, says Anil
MR Anil Ambani, Vice-Chairman and Managing Director, Reliance Industries Ltd, abstained from voting on RIL's share buyback at the company's board meeting on Monday. According to the company, he also opposed some other resolutions. Much ... More

PREFERENTIAL ALLOTMENTS

  • Odyssey Tech to issue warrants

    CORPORATE DISPUTES
    Brothers' tussle stifles Reliance group stocks
    ON a day the Sensex recorded yet another all-time high, the market struggled to make sense of the multiple messages coming from the two Ambani camps, and scrips of Reliance group companies ended trade in the red. The share price of Reliance ... More

    A marathon meet, another media day out
    THE stakeout of the Reliance board meeting, from outside its corporate office at the Maker Towers IV at Nariman Point, was yet another day out for the Mumbai media. What promised to be a long day, sure enough threw up long hours, beginning at ... More

    Panel to consider RIL share conversion in Infocomm
    A DECISION by Reliance Industries board on Monday to examine the exercise of the company's option to convert its redeemable preference shares in Reliance Infocomm (RIC) could lead to the increase of RIL's stake in the latter. The Board today ... More

    MERGERS & ACQUISITIONS
    GAIL to get 29% stake in Tripura National Gas
    GAIL India Ltd said on Monday that it will get a stake of 29 per cent in Tripura National Gas Company Ltd (TNGCL), which will undertake retail gas distribution in Tripura. Tripura Industrial Development Corp (TIDC) and Assam Gas Co Ltd (AGCL) ... More

    OUTLOOK
    `ECC keen on taking up more BOT projects'
    THE ECC (Engineering Construction and Contracts) Division of Larsen & Toubro Ltd will take up more projects on BOT (build, operate and transfer) route. The company will look for opportunities in this sector, according to Mr K.V. Rangaswami, ... More

    Hyundai to decide on fate of deluged cars by Wednesday
    HYUNDAI Motor India will take a decision by Wednesday on what it should do with the 1,173 Santro cars that were parked at the Chennai Port for exports and which were drenched in the tsunami (huge seismic sea waves caused by undersea earthquake) ... More

    PERFORMANCE
    ONGC faces setback in CBM exploration as tech cos back out
    ONGC's bid to offer turnkey contracts for exploration, development and commercial production of coal-bed methane (CBM) has suffered a setback. Despite showing an interest during the pre-bid exercise, the technology companies concerned have ... More


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