Crisil board to discuss 'acquisition' today
Mumbai: Credit rating agency Crisil Ltd on Tuesday said it is considering a business takeover. The company's board of directors is meeting on Wednesday to discuss a business acquisition, the agency said in a notice to the Bombay Stock Exchange.
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El Forge to invest Rs 12 crore to expand capacity
Chennai: EL Forge Ltd, which produces automotive forgings, proposes to invest Rs 12 crore in expanding its capacities from 9,000 tonnes a year to 21,000 tonnes over the next three years.
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Exide commissions solar-wind hybrid unit
Kolkata: Exide Industries Ltd, the storage power systems major, is commissioning its second wind-solar hybrid power unit at Aurangabad in Maharashtra taking a firm step forward in its increasing foray into the area of non-conventional energy.
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RPG group to consolidate
Kolkata: The RP Goenka group is looking at an investment of about Rs 2,000 crore in its group companies within the next two to three years.
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GM to relaunch Matiz
Chennai: Enthused by the growing demand for its luxury offering Optra, General Motors is now planning to launch a major price warrior in the entry-level mid-sized car market to take on the likes of Maruti Esteem and Ford Ikon.
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Reliance urges NTPC Kayamkulam plant relocation to Kakinada
Reliance Industries Ltd has recently written to the Power Ministry seeking relocation of National Thermal Power Corporation's proposed 1950-MW capacity addition at Kayamkulam in Kerala to Kakinada in Andhra Pradesh.
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CPCL expansion set for `commissioning activities'
Chennai: Chennai Petroleum Corporation Ltd has completed the mechanical part of its expansion project. The project will raise the refiner's capacity from 7.5 million tonnes per annum (mtpa) to 10.5 mtpa.
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Duraware bags Rs 1.68-cr outsourcing contract
Mumbai: Aurangabad-based, Duraware Pvt Ltd, the marketing and manufacturing arm of Nirlep non-stick cookware, recently bagged a 300,000 euros outsourcing contract from an Italian cookware major.
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Orient Paper bags environment award
Kolkata: Orient Papers and Industries Ltd, a C.K. Birla company, has bagged the Greentech Environment award in the paper sector for the year 2002-03. Instituted by the Greentech Foundation
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Coca-Cola directed to stop ground water use
Thiruvavanthapuram: The Kerala High Court yesterday directed Hindustan Coca-Cola Beverages Private Ltd to find alternative source of water for its bottling plant at Plachimada in Palakkad in a month.
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Quality award for Micro Labs
Micro Labs has for the third time in a row bagged the Quality Excellence Award 2003 of IDMA . The annual award is given on the basis of turnover, the company said.
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