Financial Daily from THE HINDU group of publications
Tuesday, July 19, 2005
Markets (July 18)
BL 2502287.95 (+15.76)
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CORPORATE

ANNOUNCEMENTS


Bhagyanagar Metals plans Rs 150-cr investment in infrastructure projects — Set to scquire HMT, NTC lands
"We expect to invest about Rs 150 crore in all these properties, which would be addressed through the demerged infrastructure company," said the Managing Director, Mr Narender Surana. More

Dabhol LNG terminal: GAIL reconstitutes original consortia
GAIL (India) Ltd today said that it has managed to reconstitute the original engineering procurement and construction (EPC) consortia to enable early completion of the Dabhol LNG terminal. Originally, Lingtec, which was an Enron affiliate, was ... More

Second leg of Mercedes biodiesel test-run from Aug 1
THE second leg of the test-run of Mercedes vehicles on biodiesel being conducted by DaimlerChrysler India (DCIL) would start on August 1. The trip, which would conclude on August 9, would cover a distance of 1,920 km and would be driven by ... More

BHEL develops coal-grinding equipment for thermal plants
BHARAT Heavy Electricals Ltd (BHEL) today said it has developed the equipment for coal grinding in high-capacity thermal power sets of 660 MW and 800 MW. The higher capacity `Bowl Mill-BHEL 28' for grinding coal would enable the company to ... More

MERGERS & ACQUISITIONS


Tata Steel to buy 5% stake in Australian coal mine
The steel major has signed agreements to buy a five per cent stake in Carborough Downs Coal Project located in Queensland, Australia. Tata Steel and other steel companies have been looking to invest in coal mines overseas, primarily in a bid ... More

Jumbo to sell Mather & Platt to German group
THE Dubai-based Jumbo Group, managed by the Manu Chhabria family, on Monday said it was close to inking a deal to sell domestic pump manufacturer Mather & Platt to Germany's Wilo Group. A top Jumbo official confirmed that a deal was likely ... More

NEW PROJECTS


Shreya Life Sciences' Aurangabad facility goes on stream
SHREYA Life Sciences Pvt Ltd has commissioned its Rs 35-crore export-oriented formulations unit at Aurangabad. In line with the company's plans to enter Europe and the US, the new facility has been has been built to meet US regulatory ... More

TRADE & LABOUR UNIONS


Strike at Honda plant ends
HONDA Motorcycle and Scooter India (HMSI) on Monday said the near month-long labour unrest at the company's plant at Manesar had ended after the strikers accepted to join duty ``without any conditions.'' The company, a fully owned subsidiary ... More

BONUS ANNOUNCEMENTS


Orchid board okays 1:2 bonus
Orchid Chemicals & Pharmaceuticals Ltd plans to issue bonus shares in the ratio of one share for every two shares held. The company will seek its shareholders' approval at a meeting to be convened for this purpose. The board approved this ... More

OUTLOOK


Nambiars to plough settlement money for BPL debt recast
MR T.P.G. Nambiar, the patriarch of the BPL Group, will plough back the cash unlocked through an out-of-court settlement with his son-in-law, Mr Rajeev Chandrasekhar, as promoters' money to get the group's flagship company BPL Ltd's much-delayed ... More

DaimlerChrysler to launch Actros by year-end
FOR the current calendar year, the only vehicle that would be launched from the stables of DaimlerChrysler India would be the imported CBU - Actros. The expected launch date for the vehicle is the last quarter of the current calendar year. ... More

Ind-Swift Lab's new research unit may be operational by Sept
THE Chandigarh-based Ind-Swift Laboratories Ltd expects its new research centre at Mohali to be operational by September, a company official said. The new centre will facilitate the development of processes that do not flout existing patents, ... More

`Low caprolactum demand may make FACT expansion unviable'
The reasons attributed are the stiff competition from synthetic fibres such aspolyester, which is replacing nylon in the form of filament yarn for dress materials. More

PEOPLE


K.K. Jajodia to head Assam Oil
NEW DELHI: Assam Oil & Natural Gas Ltd, subsidiary of Assam Company Ltd, has inducted Mr K.K. Jajodia as the Chairman and The Earl of Inchcape, Lord Peter Inchcape, as Director on the Board of the Company, a company release said. ... More
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Jul. 10-Jul. 16
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