Monday, January 18, 1999
GE Shipping may raise funds via property deal
Within a year of its purchase of the Siemens India headquarters at Annie Besant road in Mumbai by the Great Eastern Shipping Company Ltd, the prime property is again the talk of the realty market -- this time for what is believed to be a sale-and-lease-back deal.
Panel to submit Durgapur, Alloy Steel report by March
The experts committee, set up by the Steel Authority of India Ltd to suggest a possible merger of Durgapur Steel Plant (DSP) with the neighbouring Alloy Steel Plant (ASP), is likely to submit its report to the SAIL board by March.
Utkal Alumina mulls options for new venture
Uktal Alumina International Ltd (UAIL), the joint-venture between Indian Aluminium Company Ltd (Indal), Alcan, Tata Industries and Hydro Aluminium is mulling various options for a new joint venture and a fresh FIPB clearance following the Tata group's intention to move out of the project.
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