The Hindu Business Line : Sunday, November 06, 2005

No plans to merge MRPL with ONGC, says Subir Raha
ONGC would like to keep MRPL and ONGC as two distinct entities and there are no plans to merge the two companies, the ONGC Chairman and Managing Director, Mr Subir Raha, has said. A decision on increasing the refining capacity of MRPL (where ... More

Ma Foi to convert quarterly employment survey to half-yearly
MA Foi, the Chennai-based human resource services provider, will convert its quarterly MEtS (Ma Foi Employment Survey) into a half-yearly exercise and align it with National Sample Survey indicators to make it more effective. The survey would ... More

PSL bags pipe coating contract from Hind Petro
STEEL pipe manufacturer PSL Ltd said it has bagged a pipe coating contract for the `Mundhra-Delhi Pipeline Project' worth Rs 71 crore from Hindustan Petroleum Corporation Ltd. This order will consist of three layers of PE coating on bare line ... More

ITH promotes European river cruises in India
INTERNATIONAL Travel House (ITH) has started promoting European river cruises in India. River cruises are the new preference in Europe, according to the company's Managing Director, Mr Anil Bhandari. This is an interesting option to coach ... More

FIXED DEPOSITS

Jindal Steel and Power: Invest for one-year scheme
Jindal Steel and Power: Investments in the fixed deposit scheme of Jindal Steel and Power can be considered with a one-year perspective. Low-cost sponge iron operations along with backward integration (it has captive power plant) ... More

MERGERS & ACQUISITIONS

Excel to buy Aimco shares
MUMBAI: Excel Crop Care Ltd is making an offer to the shareholders of Aimco Pesticides Ltd to acquire 18.5-lakh equity shares representing 20.03 per cent stake at Rs 24.50 per share for a total of Rs 4.53 crore. The offer opens on ... More

NEW PROJECTS

International Tractors mulls assembly unit in US
CLOSE on the heels of the Japanese tractor major Yanmar purchasing equity in International Tractors Ltd (ITL), the company is now all set to leverage the tie-up to boost its overseas presence. ITL is looking to set up an assembly unit in the ... More

Nalco to develop coal block in Orissa for captive use
THE Union Ministry of Coal has allocated a virgin block at Talcher coalfield in Orissa to National Aluminium Company Ltd (Nalco) for developing it to meet its own requirement. The company's requirement will go up substantially with the ... More

DIVERSIFICATION

IFFCO forays into power, ropes in Chhattisgarh SEB to form joint venture
INDIAN Farmers Fertiliser Cooperative Ltd (IFFCO) is foraying into power generation in a big way. It has signed a shareholders agreement with the Chhattisgarh State Electricity Board (CSEB) to form a joint venture company named IFFCO ... More

OUTLOOK

Moving up the energy value chain — Tripura power project may make paradigm shift in ONGC plans
End result is ONGC Tripura Power Company will not only pave way for monetising the entire production capacity, but will increase ONGC's realisations by a few times than would have been possible by selling gas locally. More

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