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Friday, June 03, 2005
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ANNOUNCEMENTS


Indu Projects to introduce hi-tech welding of rly tracks
INDU Projects Ltd, a Hyderabad-based construction company, plans to introduce hi-tech welding of railway tracks through the use of "Mobile Flash Butt Welding" units for the South Central Railways (SCR). The company has bagged an order worth Rs ... More

Reliance Industries to raise Jamnagar refinery capacity
RELIANCE is planning to upgrade the capacity of its Jamnagar refinery from 27 million tonnes per annum to 40 MTPA. This was disclosed by the State Head of Reliance Petro Marketing Pvt Ltd, Mr M.J. Mathews, to a select bunch of customers and ... More

BPB India Gypsum to double output
BPB India Gypsum Ltd, manufacturers of gypsum plaster board and universal plaster, is set to double its production capacity shortly, according to its Regional Manager, Mr B. Shankarnarayan. He disclosed this while addressing a gathering of ... More

Sintex to market Sulo waste management solutions in India
SINTEX Industries Ltd has informed the Bombay Stock Exchange that it has entered into an agency and distribution agreement with Blue Stream Trading of the UAE. Blue Stream Trading is the sole authorised agent and representative of Sulo ... More

AWARDS & HONOURS


ITC's e-choupal bags TERI award
KOLKATA: ITC Ltd has won the Corporate Social Responsibility (CSR) Award 2004 from The Energy and Resources Institute (TERI) for its e-Choupal initiative. According to an official release by the company, the award provides impetus to ... More

UB group CFO gets Udyog Ratna award
MR Ravi Nedungadi, President & Chief Financial Officer of the UB group, has been conferred with the Udyog Ratna Award by the Institute of Economic Studies. Mr Nedungadi is credited with bringing in a sea change and transparency to the ... More

MANAGEMENT


Maruti wins NMG 2005 championship
MARUTI Udyog Ltd emerged the winner of the 14th National Competition for Business Management Simulations, popularly known as the National Management Games (NMG). The national grand finale took place at the NTPC Power Management Institute, ... More

RESTRUCTURING


Bhuwalka sells Lankan plant, to halve its debt
SECONDARY steel maker Bhuwalka Steel has sold its steel plant in Sri Lanka and plans to more than halve its debt by next year. The Bhuwalka Steel Vice-President for Finance, Mr P.K. Chamaria, told Business Line that it has sold off its ... More

MERGERS & ACQUISITIONS


CIL, SAIL plan venture to buy coal mines abroad
STEEL Authority of India Ltd (SAIL) and Coal India Ltd (CIL) are planning to set up a joint venture company for acquiring coal mines abroad. The move aims to end the perennial shortage of coking coal and low ash non-coking coal in the country. ... More

NEW PROJECTS


NeST Group to set up VLSI design centre
NEST Group, a Kerala-based information technology company, plans a big foray into semiconductor design and development, envisaging the setting up of a manufacturing foundry for memory chips at an investment of a billion dollars. The Rs ... More

PERFORMANCE


Ambassador sales up 12 pc in May
HINDUSTAN Motors (HM) posted 12 per cent growth in `Ambassador' sales during May this year with 1,010 units. Between April and May 2005, the growth was 16 per cent at 2,012 units over the corresponding period last year, HM said in a statement ... More

Hyundai Motor sales rise 82.5 pc in May — New-gen Accent model in 2006
HYUNDAI Motor India has reported an 82.5 per cent rise in sales in May this year at 23,206 units against 12,712 units in the same month last year. The company said the growth in the domestic market was almost 81 per cent with 14,001 units in ... More


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