The Financial Express -- News

Monday, June 23 1997

Cogentrix seeks revised PPA

The United States-based Cogentrix Energy Inc has approached the Central Electricity Authority (CEA) for a revised power purchase agreement (PPA) in view of the cost escalation in the 1000 mw Cogentrix power project in Mangalore.

Infrastructure Bond Issue

State government set to revive defunct law commission

The Maharashtra government will reconstitute a state law commission shortly for "examination, simplification and unification" of the existing laws. A resolution to this effect was passed about a month ago. The government also plans to earmark quarrying zones all over the state to prevent environment degradation.

No takers for Tinplate Company's private debt placement

Tinplate Company of India's private debt placement has come a cropper. The placement is intended to partly fund the cost increase in the cold-rolling (CR) mill project from Rs 225 crore to Rs 294.14 crore. The instrument, carrying a coupon rate of 22% plus, gives an annualised yield of about 20.5%.

Corporates unfazed by Y2K problem, says Net survey

Ceat, Apollo Tyres mull investment in Tyre Corp