The Financial Express -- Corporate

Wednesday, June 18 1997

Kesoram cement arm expansion suffers Rs 15-crore overrun

The Rs 330-crore expansion project of Kesoram Industries, involving expansion of cement capacity by 6.86 lakh tonnes and installation of two 15mw captive power plants, is now expected to cost Rs 345 crore. This is due to higher borrowing cost.

Hind Ciba splits dyes, chemicals unit

Hindustan Ciba Geigy has split its dyestuffs and chemicals division into two separate units - consumer care chemicals and textile dyes - as part of a global restructuring exercise aimed at beefing up the group's focus in these segments.

Pentafour likely to float redeemable preference shares

Pentafour Software & Exports Ltd is likely to issue redeemable preference shares to fund its future capital expenditure programmes. The company had allotted two lakh 14.75% redeemable preference shares of Rs 100 each last year.

State Bank to raise current category of gilts

SAIL told to pay Rs 10-cr interest to SDF loans

BoB net up 33% to Rs 276.53 crore

BoB to recover CRB dues from liquidator

Bottlers allege Coke is using `coercive tactics'

Texmaco sells Chenab Textile to group company, gets Zuari stake

MAT pares Ceat Financial net profit

Over 50% growth seen in SBI bottomline

Powergrid to take ECB route to finance transmission projects

Whirlpool AGM gives directors greater borrowing power

Indian firms can attract $2-bn from US: ANZ

BPL in bid to streamline marketing operations