Sunday, September 13, 1998
United Bank accepts Rs 60 cr Bengal Immunity revival plan
United Bank of India has in principle accepted the Rs 60-crore revival package proposed by Bengal Immunity Ltd, the central public sector pharmaceutical company, which was incorporated way back in 1919.
Sinar Mas to wipe out losses by next year
Sinar Mas Pulp and Paper (India) Ltd, a wholly-owned subsidiary of the Indonesian Sinar Mas group, will wipe out its accumulated losses of Rs 72 crore by March 1999. The company expects to achieve a break even position by December this year.
Malabar Cements to set up two clinker grinding units
Malabar Cements Ltd (MCL), the only integrated cement plant in Kerala, is on the look out for suitable sites to set up two clinker grinding units. The units, each having an installed capacity of 2 lakh tonnes a year.
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