Thursday, July 9, 1998
JK Industries likely to bid for Dunlop
JK Industries is likely to make a bid for Dunlop. This will entail the company approaching the Board for Industrial & Financial Reconstruction (BIFR) with a workable package to turn around Dunlop.
IBP to keep its tryst with Numaligarh refinery, pick up 19% stake
IBP, the stand-alone oil marketing company, has decided to subscribe to its entire 19% stake in the three million tonne Numaligarh refinery. The company, which has so far contributed Rs 68 crore translated into a 9% equity portion, will now need to fork out another Rs 106 crore to sew up its entire component.
Tacid mulls Rs 50 crore bonds for Cuddalore port plan
The Tamil Nadu Corporation for Industrial Infrastructure Corporation (Tacid) is looking to raise about Rs 50 crore by floating bonds by end of December to fund the development of Cuddalore as a mega all-weather port. The move follows the decision by the state government to float a global tender recently inviting private sector participation in the development of the port.
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