The Hindu Business Line : Thursday, January 20, 2005

Dadri project in UP to be delayed
RELIANCE Energy Ltd on Wednesday said its proposed 3,740-MW Dadri project in Uttar Pradesh will be commissioned by 2008-09. The Rs 10,000-crore project was to be commissioned by 2007-08 and was to receive gas from parent company Reliance ... More

BEML to pay 15 pc interim

CORPORATE DISPUTES

Reliance Energy accepts resignations of 2 directors
RELIANCE Energy Ltd today accepted the resignations of two of its directors - Mr Amitabh Jhunjhunwala and Prof J. Ramachandran. The two were among six directors who had resigned from the REL board on November 25, in the wake of the ownership ... More

AWARDS & HONOURS

Kaizen award for Milton Plastics
MILTON Plastics Ltd has been chosen by the Kaizen Institute, Japan for the first ever Kaizen award on the global level. The award is being instituted this year and is applicable for companies situated outside Japan and those who follow the ... More

FINANCIAL PERFORMANCE

CCL Products Q3 net up
HYDERABAD: CCL Products Ltd has posted a turnover of Rs 34.66 crore during the third quarter of the current fiscal against Rs 21.27 crore reported in the same period last year. Net profit stood at Rs 10.10 crore (Rs 9.09 crore). ... More

MERGERS & ACQUISITIONS

Matrix Labs acquires Sigma's Nashik facility
Matrix Laboratories Ltd (MLL), the Hyderabad-based pharmaceutical major, has acquired the finished dosage forms manufacturing facility of the Mumbai-based Sigma Laboratories Ltd (SLL). Located near Nashik, about 150 km from Mumbai, the ... More

RasGas may take stake in Petronet
QATAR'S RasGas may pick up equity in Petronet LNG Ltd in return for ONGC taking a 5 per cent stake in liquefaction plants of RasGas. ``We have a provision (with RasGas) to have cross exchange of equity in both upstream and downstream projects ... More

NEW PROJECTS

Nelcast in talks for private equity to fund expansion
NELCAST Ltd, a supplier of foundry products, has drawn up a Rs 25-crore programme to take its capacity from 48,000 tonnes a year to 72,000 tonnes. The company is in talks with a few private equity investors for part-funding the expansion ... More

Leelaventure plans hotel in Chennai
HOTEL Leelaventure Ltd has informed the Bombay Stock Exchange that a meeting of its board of directors will be held on January 24 inter alia to consider the re-appointment of Mr Venu Krishnan as Executive Director of the company. The company ... More

REGULATORY BODIES & RULINGS

Ministry to approach CLB against Daewoo Motors
MISERIES are far from over for Daewoo Motors India Ltd (DMIL) with the Ministry of Company Affairs proposing to approach the Company Law Board (CLB) against the company. According to sources, the application would be moved on behalf of Serious ... More

Govt plans awareness ads on simplified exit options for cos
THE Government is mulling the idea of `effective advertisement' for promoting its soon-to-be-announced simplified exit-scheme for companies. Learning from the past experiences, the Ministry of Company Affairs this time around wants to create ... More

ALLIANCES & JOINT VENTURES

Scicom partners with Norwegian co for data centre
SCICOM Infotech has tied up with Norway-based Aker Kvaerner Geo to set up an Exploration and Production (E&P) Data Management Centre in Noida. The centre will cater to companies such as Oil and Natural Gas Corporation, which are involved in ... More

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