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Saturday, March 26, 2005

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ANNOUNCEMENTS


Nagarjuna Const bags Rs 450-cr NHAI order
NAGARJUNA Construction Company Ltd has secured Rs 450 crore worth of order from the National Highways Authority of India for four laning of the national highway between Meerut and Muzaffarnagar in Uttar Pradesh. The project will be executed on ... More

Merven board meet on share allotment
HYDERABAD: The board of Merven Drug Products Ltd will meet on March 31 to consider the allotment of fully paid equity shares of Rs 10 each to Swiss Technology Venture Capital Funds Pvt Ltd on the exercise of their option to convert the ... More

AWARDS & HONOURS


Mother Teresa award for TVS Motor
TVS Motor Company Ltd has been selected by the Loyola Institute of Business Administration (LIBA) for the `Corporate Citizen Mother Teresa' Award for 2004. Shakthi Masala Pvt Ltd gets a `commendation award' from LIBA. A press release from ... More

IPR


Om Bioplast gets patent design trademark
THE city-based Om Bioplast Pvt Ltd has received a patent design trademark from the Intellectual Property India of the Government of India's Patent Office. Ms Shaila Nevgi, Director, Om Bioplast, told presspersons that the patent has been granted ... More

HUMAN RESOURCES


Indian businesses focussed on retaining talent: Study
"The lack of availability of a skilled workforce reflects strengthening demand and a tightening labour market in many countries." More

NEW PROJECTS


RK Marble to invest Rs 25 cr on expansion, new facility
RK Marble, which owns the brand Wonder Marble, plans to invest about Rs 25 crore in the coming financial year for expanding the existing capacity in its factory at Kishangarh (Rajasthan) and to set up a processing facility in Madhya ... More

Rothenberger sets up subsidiary in India
ROTHENBERGER AG, a leading name in the pipe tools and machines segment, on Friday announced the setting up of a 100 per cent subsidiary in India, Rothenberger India Pvt Ltd. The Indian operations are headquartered in Mohan Cooperative ... More

ALLIANCES & JOINT VENTURES


Macneill Engg floats joint venture in Sri Lanka
MACNEILL Engineering Ltd has floated a 50:50 joint venture in Colombo with a Sri Lankan industrial group for export of forklift trucks and other material handling equipment on CKD basis, to begin with. The joint venture company, christened ... More

SICK UNITS


NTC banking on Mumbai mill land sale to retire debts
THE National Textile Corporation, which on Thursday received a bid of Rs 276 crore for its Jupiter Mills property in Central Mumbai, is hoping that the sale will get its process of rehabilitation and redevelopment under way. According to Mr ... More

OUTLOOK


ONGC mulls hiking capacity at proposed Tripura plant
HAVING received the nod from the Union Ministry of Petroleum and Natural Gas to use gas reserves in Tripura for power generation, ONGC is now considering stepping up the capacity of the proposed power plant at Palatana to 1,500 MW. The company ... More

VBC Ferro may incur more power expenses
VBC Ferro Alloys Ltd has announced that the Andhra Pradesh Electricity Regulatory Commission (APERC) has proposed an increase in power tariff to the ferro alloy industry for the financial year 2005-06 from Rs 2.12 to Rs 2.87 per unit. This comes ... More

Satluj Jal Vidyut bullish
SATLUJ Jal Vidyut Nigam Ltd, which constructed the country's largest hydel power station in Himachal Pradesh, is currently working on three more hydel power stations in that State and is likely to bag two more shortly, said Mr Y.N. Appa Rao, its ... More

Linc Pen hopes to double sales
LINC Pen & Plastics Ltd (LPPL), the city-based writing instruments manufacturer, plans to double its sales from the existing 300 million pieces to 600 million pieces. Of the current sales, ball pen contributes 250 million pieces and 50 million . More


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