Sunday, October 25, 1998
VSNL pays dividend to government
The Videsh Sanchar Nigam Ltd (VSNL) has given a dividend of Rs 24.68 crore to the government for the year 1997-98. This represents a payout of Rs 4 per share on the outstanding share capital, as compared with Rs 3.50 per share last year. VSNL's net profit jumped 92% to Rs 968 crore.
Rourkela Steel Plant modernisation cost jacked up to Rs 5,100 crore
The modernisation cost of the Rourkela Steel Plant (RSP) of the Steel Authority of India has been revised upwards to Rs 5,100 crore and a further revision is not unlikely, according to sources in the steel major. The final Public Investment Board clearance in March 1992 was for Rs 3,954 crore.
FIPB okays plans worth Rs 280 cr
The Foreign Investment Promotion Board (FIPB) has approved foreign direct investment worth Rs 280 crore, including proposals of Goldman Sachs, De Beers, Cargil Asia Pacific, Perfetti and Mitsubishi Corporation.
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