The Hindu Business Line : Saturday, March 08, 2003

BG group eyes LNG deal for NTPC project
THE BG group, one of cheapest producers of liquefied natural gas (LNG) in the world market, is eyeing supply of three million tonnes per annum of LNG to National Thermal Power Corporation's (NTPC) four proposed power projects in Western India, ... More

Sundaram Brake to offer asbestos-free linings
SUNDARAM Brake Linings Ltd (SBL), part of the TVS group, will work towards offering asbestos-free brake linings for the entire range of vehicles in India before January 2004. Making this assertion at a function held here today to mark the ... More

Bajaj Auto set to unveil new engine technology
TWO-wheeler major Bajaj Auto Ltd (BAL) is all set to unveil a new engine technology in the under 250cc category,which will significantly change industry paradigms. The company President, Mr Rajiv Bajaj, said the new technology, to be unveiled ... More

BG plans more investments in India

ENVIRONMENT

Chamber flays move to regularise industries in Delhi
THE PHD Chamber of Commerce and Industry (PHDCCI) has criticised the proposal of regularising non-conforming and non-polluting industries in 24 residential colonies in Delhi which have over 70 per cent units engaged in industrial ... More

RESTRUCTURING

Tata Tea (GB) recasts debt
The new debt comprises three tranches, all of them senior, of which tranche A is worth £90-million sterling and subject to bi-annual repayment over seven years. The balance two tranches of £42-million sterling each are subject to bullet repayments be tween seven, eight and nine years. More

MERGERS & ACQUISITIONS

Grasim hopeful of nod to open offer for L&T stake
IT appears that Grasim's open offer for 20 per cent equity stake in Larsen & Toubro (L&T) stands a chance of being cleared. On Friday, the company made a public announcement that ends optimistically: "The revised offer schedule will be ... More

Jubilant to buy UDV plant for Rs 2.75 cr
JUBILANT Organosys Ltd will consolidate its manufacturing infrastructure located at Nira near Pune by acquiring the potable alcohol manufacturing and bottling plant of UDV India Ltd, which is located within Jubilant's own facilities. A decision ... More

Asahi, Floatglass shareholders meet on March 29
SHAREHOLDERS and unsecured creditors of Asahi India Glass Ltd (AIGL) are to meet on March 29 to consider approval of the proposed scheme of amalgamation of Floatglass India Ltd (FGI) with the company, according to a top company official. The ... More

SICK UNITS

Kolkata co asked to submit revival package for Triveni
WITH a clear intention of `rehabilitation' rather than `winding up' on its mind, the Board for Industrial and Financial Reconstruction (BIFR), while considering the show-cause notice (SCN) issued for winding up Triveni Structurals Ltd (TSL), has ... More

OUTLOOK

Bajaj Auto sales to fall short of target
BAJAJ Auto on Friday said that it would fall short of its target of selling 1.5 million two and three-wheelers in the current financial year by a marginal amount. "We had been talking of a sales target of 1.5 million. However, the marginal ... More

PERFORMANCE

Nestle net up 16.4 pc — Donati reappointed CMD
"HAVE a happy day", the tagline from Nestle has taken on different dimensions for the company in India. Not only has its net profit in 2002 clocked a 16.4 per cent growth over the previous year at Rs 201.52 crore, Nestle India has also been ... More

Vizag Steel Plant achieves Rs 4,289-cr sales
VISAKHAPATNAM Steel Plant (Rashtriya Ispat Nigam Ltd) achieved sales of Rs 4,289 crore during 11 months of the current financial year (April 2002 to March 2003), registering 22 per cent growth over the figures during the corresponding period last ... More

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