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Nagarjuna
bags Rs 142-cr orders
Hyderabad: Nagarjuna Construction Company Ltd has
bagged four new orders aggregating Rs 142 crore from various
Government authorities.
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Santro
may hit N. American roads under Dodge label
Chennai: Hyundai Motor India's best-selling small
car, Santro, is likely to be exported under the Dodge
label to North America. Dodge is a brand owned by DaimlerChrysler,
which has a 10 per cent stake in Hyundai Motor India's
parent, Hyundai Motor Company.
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HC
declines to extend stay in Jessop case
Kolkata: Justice K.J. Sengupta of the Calcutta High
Court on Thursday refused to extend the "stay of
operation" on the order passed on March 28, 2003,
holding that the decision to disinvest shares of the Union
Government in Jessop & Co Ltd (JCL) was not in accordance
with the law.
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TVS
recasts operations in Lanka, ropes in new partner
Chennai: ,T.V. Sundram Iyengar & Sons has restructured
its Sri Lanka operations, by roping in a new local partner
and converting it into a 50:50 joint venture. Simultaneously,
the Sri Lankan company TVS Lanka P Ltd has set up a subsidiary,
also in partnership with another local company, for dealing
in automobile spare parts.
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Usha
Beltron's new unit by March next
Jamshedpur: The one-lakh-tonne-per-annum sponge iron
plant that is being set up by Usha Beltron Ltd at Jamshedpur
is slated to be commissioned by March next.
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TVS
Motor to set up three-wheeler unit
Kolkara: TVS Motor Company is contemplating setting
up a motorbike manufacturing facility in South-East Asia.
Plans in this regard, including the country where the
proposed plant will be located, were being firmed up.
Besides, the company has decided to set up a three-wheeler
manufacturing unit in Karnataka at an estimated investment
of Rs 500 crore.
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Ingersoll
Rand: On a smooth road
New Delhi: Ingersoll Rand has proved yet again that
the growth in the road machinery business is indeed going
to stay. As expected sales rose 15 per cent to Rs 438
crore. The profits for the last quarter and consequently
the full year were pulled down due to the unexpected extra-ordinary
item in respect of sales tax liability for
the previous five years amounting to Rs 10.5 crore.
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Alufluoride
gets OHSAS tag
Visakhapatnam: Alufluoride Limited here, the only
manufacturer and exporter of aluminium fluoride in the
State, has been accorded the coveted OHSAS 18001 : 1999
certification in recognition of the company's conformity
to occupational health and safety management system standards,
a press release issued by the company says.
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TCI
to diversify into power sector
Hyderabad: The board of directors of Transport Corporation
of India Ltd (TCI) has approved a resolution to enable
the company diversify into power production and distribution
business.
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IPCL
issues pink slip to 167 employees at Vadodara
Mumbai: In an unprecedented move, the Reliance-owned
Indian Petrochemicals Corporation Limited has given marching
orders to 167 workers at its Vadodara plant.
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Exide
Inds net up 66 per cent to Rs 52 crore in 2002-03
New Delhi: Storage batteries maker Exide Industries
Ltd on Friday announced its entry into the Rs 1000-crore
club, with gross sales growing by 12 per cent to Rs 1,095
crore for the year ended March 31, 2003, from Rs 981 crore
the previous year.
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TEBU
commences ops in eight cities, plans retailing
Mumbai: The recently formed specialised common sales
and marketing unit of four Tata group telecom companies
- Telecom Enterprise Business Unit — has commenced
its operations across eight major cities in India simultaneously
on Friday.
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Indal’s
quarterly net rises to Rs 34 crore
Mumbai: Indian Alu-minium Company Ltd, an Aditya Birla
Group company has posted a net profit of Rs 34.38 crore
for the quarter ended March 31, 2003 as against a net
profit of Rs 27.55 crore for the quarter ended March 31,
2002.
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