HCC up on signing MoU with AMEC for nuclear plant related initiatives
September 30, 2009 by admin
Filed under Buzzing Stocks
Hindustan Construction Company (HCC), India’s leading engineering construction company, has signed a MoU with the international engineering and project management company AMEC plc (AMEC) to jointly explore opportunities for consulting and EPC services for the establishment of nuclear power plants in India.
Radico Khaitan advances on fund-raising plan
September 30, 2009 by admin
Filed under Buzzing Stocks
Radico Khaitan, among the leading players in the domestic distillery business, has drawn up plans to garner Rs 375 crore from the domestic or overseas markets.
Law ministry approves screen test for FDI
September 30, 2009 by admin
Filed under Economy News
The law ministry has given its approval for the long-pending proposal of enacting a new law to screen foreign direct investment (FDI). A final call is awaited for the proposed legislation and the final draft is expected to come out by the year-end after which it will be placed before Parliament for approval.
Large power projects continue to face chronic delays
September 30, 2009 by admin
Filed under Economy News
India’s power sector continues to struggle with delays despite the government’s efforts to speed up capacity generation plans. The problems are particularly compounded with the ultra mega power projects (UMPPs) through which the government hopes to bridge the huge gap in supply and demand of power that currently exists in the country.
Fertilizer units revival now on CCEA radar
September 30, 2009 by admin
Filed under Economy News
The fate of the revival of six state-run fertilizer units now rests with the Cabinet Committee on Economic Affairs (CCEA), which is expected to consider the proposal soon. Last month, the Empowered Committee of Secretaries (ECoS) had approved the revenue-sharing model for reviving the units of the Fertiliser Corporation of India (FCIL) and Hindustan Fertiliser Corporation.
Gravita India files DRHP with SEBI for an IPO of 40,00,000 equity shares
September 30, 2009 by admin
Filed under IPO Section
Gravita India Limited, promoted by Dr. M.P. Agarwal, Rajat Agrawal and Rajeev Surana has filed Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI).
Reliance Infratel files DRHP with SEBI
September 30, 2009 by admin
Filed under IPO Section
Reliance Infratel has filed Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). The company is coming with an Initial Public Issue (IPO) of 156,000,000 equity shares of Rs 10 each.
Opto Circuits’ overseas arm inks OEM agreement with American company
September 30, 2009 by admin
Filed under Company News
Opto Circuits India has announced that Criticare System Inc (CSI), the US-based wholly-owned subsidiary of the company, has inked an Original Equipment Manufacturing (OEM) contract with another American company.
ICSA enters the SCADA business in India
September 30, 2009 by admin
Filed under Company News
ICSA India, which provides embedded technology solutions and infra structure deployment services for the power sector, has entered the Supervisory Control and Data Acquisition (SCADA) business in India.
Rel Infra seeks govt help to stop RIL’s marketing margin
September 30, 2009 by admin
Filed under Company News
The Anil Dhirubhai Ambani Group (ADAG) firm Reliance Infrastructure has asked the oil ministry to desist Reliance Industries (RIL) from charging marketing margin on gas and alleged that the Mukesh Ambani-led firm is not sharing the revenue with the government and diverting crores of rupees of the government’s share. RNRL has written to the petroleum secretary RS Pandey seeking to stop RIL from getting undue benefit.