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Monday, August 01, 2005


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PowerGrid bags Bhutan project
POWER Grid Corporation has bagged a consultancy project from Bhutan Power Corporation for construction of a 132 kV transmission line. The 60-km long single circuit line from Deothang in Bhutan to Rangia in Assam is being financed by the ... More

Suprajit increases production capacity of cable division
SUPRAJIT Engineering Ltd, the automotive cable manufacturer, has increased the production capacity of its cable division to 50 million cables. The Bangalore-based Suprajit recently entered in to joint venture with Carclo Plc, a UK-based MNC and ... More

Kanoria Chem to hike power production
KANORIA Chemicals & Industries Ltd (KCIL) is looking at more coal blocks to increase its power production. According to Mr R.V. Kanoria, Chairman, power sector is the new focus of the company's future growth prospects. He was addressing a ... More

Ranbaxy gets tentative FDA nod for diabetes drug
RANBAXY Laboratories Ltd has received tentative approval from the US Food and Drug Administration to manufacture and market glimepiride tablets, 3 mg and 6 mg used for treatment of diabetes. The total annual market sales for Aventis ... More

CORPORATE BONDS


Shareholders okay Aurobindo Pharma's $60-m FCCB issue
THE shareholders of Aurobindo Pharma Ltd at the extraordinary general meeting (EGM) held here recently have approved the proposal to raise funds to the tune of $60 million, (Rs 264 crore), by way of issue of foreign currency convertible bonds ... More

NEW PROJECTS


HM-Mitsubishi to expand operations
MITSUBISHI Motors Corporation of Japan has said that it will expand its operations in India jointly with Hindustan Motors Ltd. Hindustan Motors now makes Mitsubishi's Lancer sedan and assembles the Pajero sports utility vehicle, at its plant ... More

SAIL okays new slab caster for Bhilai Steel
THE board of Steel Authority of India Ltd (SAIL) has approved the proposal for setting up a new slab caster with associated facilities for second steel melting shop (SMS II) at Bhilai Steel Plant (BSP) with an estimated cost of Rs 520 crore. ... More

Agro Dutch plans unit in Chennai to produce cans
AGRO Dutch Industries Ltd based in Chandigarh, a producer and exporter of mushrooms, plans to set up a Rs 40-crore facility to manufacture cans in Chennai. The details are being worked out and the company is scouting for land in Tamil Nadu. Mr ... More

TRADE & LABOUR UNIONS


Gurgaon incident won't impact FDI inflows, say MNC chiefs
THE Gurgaon incident involving labour clashes at the Honda facility is unlikely to adversely impact the confidence of foreign investors in India, according to 120 of the 150 MNC CEO respondents in an Assocham Business Barometer Survey. Most of ... More

ALLIANCES & JOINT VENTURES


Delphi, Varroc join hands for OE market
DELPHI Corp and India's Varroc group have formed a strategic alliance to build motorcycle catalysts for the Indian motorcycle original equipment (OE) market. Delphi has a long history in the global design and production of motorcycle catalysts ... More

SICK UNITS


OTS delay hampers Trayons revival
THE hype that was created when the State Government and the Coimbatore-based NDEE Group entered into an agreement a year ago following marathon discussions to re-open the sick Travancore Rayons Ltd (TRL) at nearby Perumbavoor appears to have ... More
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