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OMCs cut crude oil inventory to save on working capital
Tuesday 15th Nov 2011    1209
OMCs cut crude oil inventory to save on working capital
 
New Delhi : Hit by higher borrowings, interest costs and delayed government compensation, the three state-owned oil marketing companies (OMCs) are cutting crude oil inventories.

Indian Oil Corporation (IOC), the country’s biggest refining....

 
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CIL to restructure coal pricing from January
Monday 14th Nov 2011    1206
CIL to restructure coal pricing from January
 
Kolkata : State-owned Coal India Ltd will restructure coal prices as it plans to switch over to the pricing based on the Gross Calorific Value (GCV) method from January.

As of now....

 
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Mitsubishi, Anupam Ind form joint venture for port cranes
Saturday 12th Nov 2011    1208
Mitsubishi, Anupam Ind form joint venture for port cranes
 
Mumbai : Anupam Industries Ltd, a leading crane manufacturing firm has formed a joint venture with Mitsubishi Heavy Industries Ltd (MHI), a diversified Japanese major to manufacture port cranes and material....
 
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Mitsubishi, Anupam Ind form joint venture for port cranes
Friday 11th Nov 2011    1208
Mitsubishi, Anupam Ind form joint venture for port cranes
 
Mumbai : Anupam Industries Ltd, a leading crane manufacturing firm has formed a joint venture with Mitsubishi Heavy Industries Ltd (MHI), a diversified Japanese major to manufacture port cranes and material....
 
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PFC approves 1-bn dollar PE fund
Friday 11th Nov 2011    1206
PFC approves 1-bn dollar PE fund
 
Ahmedabad : Power sector lender Power Finance Corporation (PFC) on Wednesday said it had approved a proposal to launch a 1-billion dollar private equity fund, and that this may be put....
 
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REC to raise Rs 12,000 cr by year-end
Friday 11th Nov 2011    1208
REC to raise Rs 12,000 cr by year-end
 
Mumbai : After mopping Rs 3,800 crore by selling domestic rupee bonds last week, Rural Electrification Corporation (REC) now plans to raise Rs 12,000 crore through similar instruments. The non-banking financial....
 
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India’s Environment Ministry gives clearance to halted hillside construction project
Thursday 10th Nov 2011    1205
India’s Environment Ministry gives clearance to halted hillside construction project
 
New Delhi : India’s Environment Ministry gave its conditional approval on Wednesday for a massive hillside housing project which it had halted a year earlier for violating altitude restrictions and failing to....
 
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EMC wins Rs 776-cr deal from PowerGrid Corp
Thursday 10th Nov 2011    1206
EMC wins Rs 776-cr deal from PowerGrid Corp
 
New Delhi : Power system solutions provider EMC Ltd today said it has bagged a Rs 776 crore contract from central transmission utility PowerGrid Corp for setting up a transmission link at....
 
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Mauritius PE firm to develop five township projects
Wednesday 9th Nov 2011    1207
Mauritius PE firm to develop five township projects
 
Chennai : Fire Capital Fund Mauritius Pvt Ltd, a private equity fund focusing on the Indian housing market, is planning to develop five township projects in various parts of the country....
 
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Virgo Eng sets up valve making plant in Chennai
Wednesday 9th Nov 2011    1208
Virgo Eng sets up valve making plant in Chennai
 
Chennai : Pune-based valve manufacturing firm Virgo Engineers Group has set up its new manufacturing facility near Chennai with an investment of around Rs 30 crore. The company is planning to....
 
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