The Financial Express -- News

Wednesday, July 2 1997

Hudco to enter corporate housing, area development

Housing & Urban Development Corporation is planning to enter the financing of corporate housing and area development. Hudco finance director S Sundresan stated that the board will be meeting within the next fortnight to re-define infrastructure development so that Hudco can undertake these projects.

Infrastructure Bond Issue

Bharat Shell mulls alternatives to Sultanpur

Bharat Shell, the joint venture company of Bharat Petroleum and Shell International Petroleum Corporation, may consider alternative sites to Sultanpur for the Uttar Pradesh refinery. A team from BPCL and Shell is conducting a feasibility study and the findings will be submitted in nine months.

SAIL to prune expenditure by 10 per cent

Steel Authority of India (SAIL) is planning to prune its capital expenditure of Rs 15,000 crore by 10% for the Ninth Plan. In the first year of the Ninth Plan, SAIL was planning to cut investment expenditure by about Rs 700 crore.

SBI to fund only globally viable projects

Southern cement companies on solid ground