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Mining companies to take a hit of Rs 15,000 cr

Monday 3rd Oct 2011 1242

New Delhi : Mining companies have warned of a price spiral in commodities once the new mining law provisions are in place. The industry sees the government decision of mandatory profit and....

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JSW cement to make its market debut

Monday 3rd Oct 2011 1237

Kolkata : JSW Cement, the cement arm of JSW group controlled by Sajjan Jinadal, is set to commence production from its Nandyal plant in Andhra Pradesh from next month.

This is the....

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Dewan Housing Finance to raise up to Rs 1,000 cr

Friday 30th Sep 2011 1248

New Delhi : Mortgage firm Dewan Housing Finance (DHFL) today said it planned to raise up to Rs 1,000 crore through share sale.

The board has agreed in principle for raising of long-term....

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Nalco plans to diversify into nuclear power

Friday 30th Sep 2011 1248

Bhubaneswar : State-run National Aluminium Company (Nalco) today said it planned to diversify into nuclear power generation by investing Rs 11,450 crore jointly with Nuclear Power Corporation of India in a....

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GVK Power & Infra unit wins road contract

Friday 30th Sep 2011 1243

Mumbai : GVK Power & Infrastructure said late on Thursday its unit has won a bid to develop a four-lane section of Mumbai-Agra national highway in the state of Madhya Pradesh.

The....

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GMR Infra: Project win a plus

Friday 30th Sep 2011 1249

Mumbai : The company’s 30 per cent stake sale in GMR Energy Singapore at a premium is not factored into valuations.

GMR Infrastructure, which has a presence in airports, road construction and....

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Tata Metaliks to add facilities at Kharagpur plant

Friday 30th Sep 2011 1243

Kolkata : After entering into an agreement to sell its Redi plant in Maharashtra, Tata Metaliks, a part of Tata Steel, is looking to add facilities at its

Sinter plant, coke oven....

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ACC eyes larger pie

Friday 30th Sep 2011 1256

Chennai : ACC Limited on Thursday announced the successful stabilisation of its world’s largest cement plant at Wadi and two cement grinding units at Thodebhavi (near Bangalore) and Kudithini (near Bellary),....

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NTPC gets Rs 2,341-cr loan from consortium of banks

Thursday 29th Sep 2011 1246

New Delhi : State-run NTPC today said it has tied up a syndicated loan worth Rs 2,341 crore from a consortium of Indian banks for its 390-MW Muzaffarpur thermal power project in....

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Eon Electric rallies on announcement of buyback schedule

Thursday 29th Sep 2011 1245

Mumbai : Eon Electric (formerly Indo Asian Fusegear) has moved up 11% to Rs 67.50 after announcing a share buyback programme. The buyback offer will commence on October 10, 2011 and....

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