The Hindu Business Line : Sunday, March 27, 2005

ITC board okays Rs 14,000-cr investment plan over 5-yr period — Growth strategy covers outlays for acquisitions
THE board of directors of ITC Ltd, at its meeting here on Saturday, approved the company's business plans for the projected five-year period ending 2009-10, envisaging a total investment of Rs 14,000 crore. The large investment-led growth ... More

Century Plyboards plans Rs 100-cr investment in timber plantation
CENTURY Plyboards (India) Ltd, the largest plywood producer in the country, is planning to integrate into timber plantation with Rs 100-crore worth of investment. Subsequently, the company might set up either a medium density fine board unit or a ... More

OVERSEAS BORROWINGS

Ennore Foundries to go in for $15-m ECB
ENNORE Foundries Ltd has decided to go in for an external commercial borrowing for $15 million (Rs 65 crore), as part of its debt-raising programme for the Rs 165-crore Greenfield expansion project. The company is putting up a 50,000-tonne grey ... More

ENVIRONMENT

Flue gas project: REL surprised by Dahanu eco body's guarantee demand
RELIANCE Energy Ltd (REL), in a press release issued here on Saturday, expressed `surprise' that the Dahanu Taluka Environment Protection Authority has ordered the company to submit a bank guarantee of Rs 300 crore for setting up a flue gas ... More

FIXED DEPOSITS

FD options
THE recent Budget plans to do away with Section 80 L, which exempted interest on certain types of debt investment from tax. Once the proposal takes effect, investment in small-saving schemes and bank deposits would ... More

MERGERS & ACQUISITIONS

EID Parry set to acquire New Horizon Sugar
EID Parry Ltd of the Chennai-based Murugappa group is all set to take over New Horizon Sugar Mills Ltd of Pondicherry, for around Rs 50 crore. While the company officials could not be contacted, sources in New Horizon said that the Murugappa ... More

NEW PROJECTS

Hyundai's second plant to be ready for new small car
HYUNDAI Motor India Ltd's (HMIL) second plant, work on which will begin in April, is expected to be ready in time for the launch of a new small car being developed by its parent, Hyundai Motor Company. The second plant will build the successor ... More

DIVERSIFICATION

NTPC: Better to stick to one's knitting
HOW about a newspaper publisher venturing backwards into the business of newsprint production just so that his main raw material source is protected? Or an automobile manufacturer foraying into steel production for the ... More

OUTLOOK

ONGC mulls redesigning coal bed methane project
ONGC is finding it increasingly difficult to meet the `steep target' for commercial production of coal-bed-methane (CBM) in 2006-07. In fact, the company is still far from closing the deals regarding finalisation of exploratory and development ... More

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