The Hindu Business Line : Tuesday, December 19, 2006

PRIVATE PLACEMENT
IVRCL raises Rs 555 cr thru QIP route
IVRCL Infrastructures & Projects Ltd on Monday announced that it has priced its offering of 15 million equity shares in a private placement, at Rs 370 per share, raising about Rs 555 crore, through the qualified institutional placement (QIP) .. More

AWARDS & HONOURS
Award for Eastern Mattresses
Eastern Mattresses Pvt Ltd, the makers of Sunidra brand, was selected for Best Performer Award for 2005 in Kerala under the category of small-scale industries in Idukki district and Kerala by the State Government. The company ... More

Award for AstraZeneca Pharma
AstraZeneca Pharma India has won the Frost & Sullivan platinum award for Indian manufacturing excellence for 2006 in healthcare, according to a release. The IMEA or manufacturing excellence award, received by the company's ... More

INSIGHT
Knowledge transfer in MNCs
Knowledge transfer has become a critical issue in multinational corporations. In their pursuit of success across different markets, MNCs need to concentrate not just on what they know, but also on `how' they gain that knowledge and transmit it ... More

NEW PROJECTS
S P Apparels may tap capital market
Likely to offload 25 pc stake through offer More

Mamata calls for 2-day Bengal bandh from Dec 21
Follows mysterious killing of an 18-year-old girl in Singur More

JSW may locate alumina plant in Vizianagaram
The controversial alumina smelter plant of Jindal Steel Works (JSW) seems all set to move to Vizianagaram district, with the company confident of acquiring about 1,500 acres of land there. The project, with a phase one investment of Rs 4,000 ... More

OVERSEAS INVESTMENTS
Kanoria Chemicals plans greenfield ventures abroad
To invest between Rs 100 crore and Rs 200 crore More

Tata Motors to invest Rs 120 cr in Thailand pick-up truck venture
To develop special version of one-tonne truck for Thai market More

Coffee Day plans outlets in Pakistan
Set to open café in Kerala capital More

ALLIANCES & JOINT VENTURES
BV Bio, Yamit in marketing tie-up
BV Biologicals, a division of Venkateshwara Hatcheries Private Ltd Group, player in advanced biological, nutritional and management of the livestock industry, has signed a co-development and marketing agreement with Yamit ... More

CESC inks Rs 854-cr pact with BHEL for 250 MW plant
CESC has entered into a Rs 854-crore turnkey EPC contract with BHEL for building a 250 MW capacity unit at the power utility's existing thermal power station at Budge Budge. The unit will be set up at an estimated cost of Rs 1,100 crore within ... More

Ashok Leyland, Australian co in tie-up
Ashok Leyland has signed an agreement with Brehon Energy Plc of Australia for technology for the use of hythane gas in CNG engines. The agreement would enable Ashok Leyland to offer its 6-cylinder `H' series engines to operate on ... More

SICK UNITS
Kerala determined to revive sick PSUs: CM
`The Government is in the process of creating essential infrastructure for industrial development of the State.' More

OUTLOOK
Sasan financial closure likely by 2007 end
The MD of Lanco Infratech Ltd, Mr G. Venkatesh Babu, told Business Line that the company would be able to achieve `financial closure' for the Rs 16,000-crore Sasan ultra mega project by the end of 2007 or January 2008. Thereafter, the ... More

Kinetic bets on Blaze to return to black
The company is scouting for new export markets and has targeted exports of 40,000 units in 2007. Currently, Kinetic sells 15,000 units a year in the overseas market. More

Kannan Devan targets turnover of Rs 130 cr
Kannan Devan Hills Plantations Company Pvt Ltd, a new model business enterprise in the plantation sector with involvement of all employees as partners, has targeted a turnover of Rs 130 crore in the current financial year as against Rs 105 crore ... More

Audi to produce A6 in India
Autumn 2007 would see another entrant into the four-wheeler category as Audi6 assembly would begin in Aurangabad. The Audi A6 would be assembled from completely knocked down (CKD) kits, manufactured in Germany. "This move gives us the ... More

Corporates feel exports will rise in 6 months: FICCI survey
High export growth rates are likely to be maintained More

House of Pearl in expansion, acquisition mode; IPO in 2007
It is also evaluating entering the niche retail market in India by opening eight to 10 exclusive stores in the next few months. More

Essar Oilfields to invest $400 m to acquire rigs
Essar Oilfields Services Ltd (EOSL), a wholly owned subsidiary of Cyprus-registered Essar Shipping and Logistics Limited, will be investing $400 million for acquisition of onshore and offshore oil drilling rigs. EOSL has been formed to focus on ... More

PERFORMANCE
Sandvik Asia registers 30 pc growth over 3 years
Sandvik Asia Ltd, a wholly owned subsidiary of the $8-billion Swedish company Sandvik AB, has announced that invoicing of the Indian operations has crossed Rs 1,000 crore. Sandvik has registered an average growth exceeding 30 per cent over the ... More

Steel Secy lauds VSP performance
The management and the employees of the Visakhapatnam steel plant deserve commendation for their concerted efforts in moulding it into one of the best plants in the country and achieving mini-ratna status, according to Mr R.S Pandey, Secretary, ... More