The Hindu Business Line : Saturday, June 17, 2006

ANNOUNCEMENTS
IVRCL bags Rs 558-cr AP Govt order
IVRCL Infrastructures & Projects Ltd has announced that it has bagged an order valued Rs 557.8-crore from the Irrigation and CAD Department, Government of Andhra Pradesh, for execution of `Handri Niva Sujala Shravanthi' (HNSS) project. The ... More

ONGC to supply gas to Torrent
ONGC on Friday said that it will supply 0.9 million standard cubic metres per day (MMSCMD) of natural gas to the Gujarat-based Torrent Power Generation Ltd. The pricing of the gas would be considered for revision every three ... More

Godrej Sara Lee to hike prices
Godrej Sara Lee Ltd has decided to raise prices of its insecticide aerosols and refills, along with its car perfume range. The price hikes range from Rs 3 in the high selling Good Knight 90 night refills to Rs 21 in Ambipur Car ... More

Forbes Gokak to set up jt venture
Forbes Gokak Ltd has informed the BSE that it has agreed to set up a joint venture company for the purpose of acquiring and operating vessels. Shipping Corporation of India will hold 50 per cent of the issued share capital, while Forbes and ... More

PRIVATE PLACEMENT
Hero ITES in talks with US investors for 30-40 pc stake
Hero Group to retain majority ownership More

MERGERS & ACQUISITIONS
Aban Loyd to pick up 33.7% in Norway co for Rs 2,050 cr
Subsidiary signs agreement with Skeie Group More

Glenmark arm acquires 7 products in South Africa
Glenmark Pharmaceuticals' South-African subsidiary, Bouwer-Bartlett Ltd, has acquired seven products from P D Pharmaceuticals Ltd for an undisclosed amount. The brands collectively are expected to garner sales of $2-3 million in 2006-07, the ... More

UB Group to buy Taittinger arm for $15 m
No Kingfisher Air IPO now More

Mega merger plan of steel PSUs put off
Ministry of Steel still keen on merging smaller entities More

NEW PROJECTS
OP Jindal plans aluminium smelter in Gujarat
The O P Jindal group proposes to put up a alumina refinery-cum-aluminium smelter plant in Gujarat, at a cost of Rs 5,000 crore, Jindal South West Steel Ltd's Vice-Chairman and Managing Director, Mr Sajjan Jindal, told journalists here on ... More

OVERSEAS INVESTMENTS
Wockhardt UK hikes capacity
Wockhardt is increasing the capacity of its plant in the UK to manufacture Byetta cartridges, an injectable medicine used to control blood sugar in diabetes patients. Wockhardt manufactures this product on a contract basis for ... More

Ocimum Bio sets up German arm
Ocimum Biosolutions has set up its German subsidiary in Ebersberg (Germany) with an eye on expanding its presence in Europe. The subsidiary of the Hyderabad-based life science company comes close on the heels of its milestone ... More

ALLIANCES & JOINT VENTURES
Torrent Power forms jt venture with PowerGrid
To evacuate power from Sugen project More

DIVERSIFICATION
Tata Steel's Rings & Agrico Division plans diversification
To expand biz to manufacturing accessories More

RIGHTS ISSUE
JSW Steel withdraws rights offer
JSW Steel Ltd has informed the BSE that it is withdrawing the rights offer in view of the fluctuations in the markets. "In the light of recent wide fluctuations/volatility in commodity/metal prices, turbulent global/domestic ... More

SICK UNITS
Nod for Bharat Ophthalmic closure
The Union Cabinet on Friday accepted the decision of the Board for Industrial and Financial Reconstruction and recommendation of the Board for Reconstruction of Public Sector Enterprises for winding up of Bharat Ophthalmic Glass ... More

OUTLOOK
SCI to adopt new vessel acquisition policy
Changes tack to go in for purchase of used ships More

GAIL eyes E&P blocks in Madagascar
Plans to adopt a consortium approach for bidding More

No change in ONGC's approach to become integrated energy co
Acquisition of SPIC Petro by MRPL put on the back burner More

Kamat Hotels eyes partnerships, acquisitions for growth
To develop 2 forts as boutique hotels More

IOC offers Kuwait stake in two projects
Invites investments in Panipat project, Paradip refinery More

Lanco Infratech plans to bid for 2 ultra mega projects
Lanco Infratech Ltd, the holding company of the diversified Lanco Group, is set to bid for two ultra-mega projects offered for independent developers and has roped in strategic partners for the go-to-bid strategy. The Chairman, Mr L. ... More

Nandan Bio upbeat on aphrodisiac products
Nandan Biomatrix Ltd (NBL), a Hyderabad-based Rs 31-crore nutraceuticals and biofuels company, is bullish on the growing opportunities for the aphrodisiac products in both the domestic and global markets. The company recently completed clinical ... More

Exide Ind plans 1:10 stock split
The board of directors of Exide Industries on Friday recommended splitting the equity shares of the company from the current face value of Rs 10 each to Re 1 per share. The recommendation is subject to approval of the ... More