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Unitech sells properties worth Rs 2,088 cr in Apr-Sep

Wednesday 16th Nov 2011 1252

New Delhi : Realty major Unitech today said the company has sold 3.71 million sq ft of area worth Rs 2,088 crore and reduced its debt by nearly Rs 400 crore in....

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Karnataka iron ore e-auction base price reduced by 10%

Wednesday 16th Nov 2011 1264

Bengaluru : Brought down from Rs 2,700 a tonne for fines and Rs 3,700 for lumps; 2 mt to be auctioned on Tuesday.

The ore-starved steel companies in Karnataka, which had complained....

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OMCs cut crude oil inventory to save on working capital

Tuesday 15th Nov 2011 1260

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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Areva T&D wins Rs 200 cr order from PowerGrid Corp

Tuesday 15th Nov 2011 1252

New Delhi : Areva T&D, a part of Alstom Grid, today said it has bagged a Rs 200 crore contract from state-owned PowerGrid Corp for setting up a transmission network at Bareilly,....

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Gross calorific value to define coal pricing

Tuesday 15th Nov 2011 1269

Kolkata : Coal India Ltd, a Maharatna company, is set to usher in a new era of pricing by benchmarking coal on the basis of its gross calorific value (GCV) from....

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