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Wednesday, June 08, 2005
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ANNOUNCEMENTS


Dabur Foods to invest Rs 12 cr in Rajasthan packaging facility
DABUR Foods Ltd (DFL) on Tuesday announced an investment of Rs 12 crore in setting up a packaging facility at Newai, Rajasthan. The new facility will help the company cater to the northern and western markets of the country, which together ... More

Shasun expands product-base — Not to dilute its dependence on Ibuprofen
ANTI-INFLAMMATORY drug Ibuprufen continues to hold promise for the Chennai-based drug maker Shasun Chemicals and Drugs Ltd, even as it expands its product-base into other segments. Supplies of the active ingredient in Ibuprufen accounted for ... More

Nagarjuna Fert ropes in PwC for business re-engineering
IN a major business process reengineering programme spread over 26 weeks, Nagarjuna Fertilizers and Chemicals Ltd (NFCL) has roped in the PricewaterhouseCoopers (PwC) as the consulting partner. "The objective of this project, divided into ... More

PREFERENTIAL ALLOTMENTS


Hind Sanitary to raise Rs 53 cr through debentures
THE board of Hindustan Sanitaryware & Industries Ltd (HSIL), at its meeting held on Tuesday, approved the proposal to issue 33-lakh fully convertible debentures in favour of the Mauritius-based HPC (Mauritius) Ltd, an affiliate of Henderson ... More

AWARDS & HONOURS


Award for Philips Carbon (Kochi unit)
KOCHI: Philips Carbon Black Ltd, Kochi unit, has been awarded third prize among the large-scale industries for making substantial and sustained efforts in pollution control during 2004. Dr B. Banerjee, Chief of Operations of the Kochi ... More

Safety award for BHEL
NEW DELHI: BHARAT Heavy Electricals Ltd has been awarded the British Safety Council's `International Safety Award' for the third consecutive year in recognition of its achievements in corporate health and safety, a company release said. ... More

MERGERS & ACQUISITIONS


Banks can fund overseas acquisitions by companies
"This move is a positive step for Indian companies as they can use it as a window to acquire aggressively. For banks too it can be positive, provided they are permitted to raise additional funds abroad." More

NEW PROJECTS


Karnataka clears projects worth Rs 14,000 cr
THE Karnataka Government has cleared projects worth Rs 14,000 crore which will create employment for one lakh people. The State Industries' Minister, Mr P.G.R. Sindhia, told newspersons on Tuesday that the State Cabinet cleared these projects ... More

PSL to raise Rs 300 cr for expansion
MUMBAI: PSL Ltd plans to raise Rs 300 crore for capacity expansion for its existing domestic plants, set up new international facilities, strengthen its regional bases and consolidate company's capabilities. The company's board approved ... More

Rain Calcining to invest in calciner project in Kuwait
RAIN Calcining Ltd (RCL) has decided to invest in a new greenfield calciner project in Kuwait. The calciner is being developed and implemented by Petroleum Coke Industries Company (PCIC) in Kuwait in consortium with a group of Kuwaiti companies ... More

OUTLOOK


ONGC to complete Bombay High redevelopment project 3 months early
ONGC is set to complete the Bombay High North redevelopment project six months ahead of schedule in December 2005. The development is expected to lead to a spurt in the company's crude production beginning the fourth quarter of the current ... More

TRENDS


India Inc pays highest power tariffs after Japan — Indian households pay the lowest
EVEN as the Indian manufacturing sector is struggling to benchmark its cost competitiveness to the best in the world, it shells out among the highest retail electricity tariffs in the world. In fact, industry here pays much higher for the ... More
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