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Corporate Economy Expressions Markets Leisure 02 January, 1998   BHEL, ABB, L&T to vie with global firms for KPCL's Bidadi project Bharat Heavy Electricals, L&T and ABB are among the local heavyweights vying for the Rs 200 crore engineering procurement and construction (EPC) contract of the 100 MW Bidadi power project of the Karnataka Power Corporation Ltd (KPCL). Global majors like General Electricals, Rolls Royce, Hyundai and Butchel are also expected to submit bids for the project.   ONGC in talks with Slumburger, Halliburton for Neelam service deal The Oil & Natural Gas Corporation (ONGC) has initiated talks with oil multinationals Slumburger and Halliburton Inc for a technical-services agreement for the controversy-ridden upgradation plans for Neelam oilfields. ONGC had earlier sought the Union petroleum ministry's nod for a 50:50 joint venture for shoring up falling production levels in Neelam, but the government suggested a technical-services deal. SAIL plans Dubai base to beef up exports The Steel Authority of India Ltd (SAIL) is in the process of setting up an consignment agency in Dubai as part of its plans to evolve a "consistent export strategy". The Dubai agency will provide SAIL access to an export yard for storing its materials. Simoco Telecom bags major export orders worth Rs 2.5 crore Simoco Telecommunications (South Asia) Ltd - the Indian arm of the UK-based Simoco International Ltd - has bagged major export orders for the next few months. A large part of the orders - worth Rs 2.5 crore - is from Australia. Simoco has also bagged an export order from Hong Kong.   Revamped Godrej & Kis aims to net Rs 50-lakh profit Godrej & Kis Ltd, the 50:50 joint venture between Godrej Soaps and Kis of France has revamped its business and hopes to achieve an operating profit of Rs 50 lakh in the current fiscal. Earlier mounting losses in its photo-processing venture had totally wiped out the company's equity. HongKong Bank to pay interest every 3 months The new year brings a reason to smile for account-holders of the Hongkong and Shanghai Banking Corp. The bank has announced that it will pay interest to its Indian savings account customers four times a year with effect from January 1, 1998.     Spentex puts lid on $5.5 mn overseas debt plan   SAIL plans Dubai base to beef up exports   Simoco Telecom bags major export orders worth Rs 2.5 crore   ONGC in talks with Slumburger, Halliburton for Neelam service deal   Corporate cash crunch casts a shadow on DD coffers   Gridco expects to break even by 2002 AD   HongKong Bank to pay interest every 3 months   West Bengal denies move to privatise Great Eastern Hotel   World Briefing   HK Telecom in binding pact to buy Pacific Link   Cybex sees Q3 loss after acquisitions   Financial Briefing   Kajaria Ceramic Bhiwadi unit to go on stream in February   Corporate Briefing   Bajaj Auto wheels on smooth turf despite shrinking market   Patspin plans authorised capital hike to Rs 55 crore   Durgapur Steel Plant battles to change mindset   BHEL, ABB, L&T to vie with global firms for KPCL's Bidadi project   Revamped Godrej & Kis aims to net Rs 50-lakh profit