The Financial Express -- Corporate

Wednesday, June 25 1997

Ahmedabad Electricity net up 24% to Rs 39 cr

Ahmedabad Electricity Company (AEC) has reported a 24% increase in net profit to Rs 39.10 crore for the year ended March 31, 1997, as compared to Rs 31.65 crore last year. The board of directors has recommended a dividend of Rs 2.20 per share as against Rs 2 last year.

RIL to hike PTA capacity

Reliance Industries will be increasing its installed capacity of purified terephthalic acid (PTA) from 9,50,000 tpa to 1.3 million tpa by process improvements and debottlenecking. Process improvements have already been incorporated in the company's Hazira plant under construction.

VHL plans to set up JVs to sustain 15% growth

The Pune-based Venkateshwara Hatcheries Ltd (VHL) plans to set up joint ventures to expand capacities in all areas of the poultry business. The move will allow the group to maintain a growth rate of 10% to 15%.

HDFC homes in on 36% stake in Rajasthan venture

BILT net slumps 63% to Rs 38 cr, dividend slashed

Philips resumes talks with Left workers' union

HLL likely to evaluate merger with Pond's India

Fiat Auto asks Price Waterhouse to do due diligence on tie-ups

KPMG Peat Marwick to recast Dena Bank business strategy

Spic Electronics poised for a turnaround

Lykes Bros ruling raises questions for APL merger

Shiv Sena floats new State Bank trade union

Corporate Briefing -- Essar, Sisco boards approve merger

House panel grills Rangarajan over CRB Caps muddle

Unrealistic demand projections let SAIL down, says Pande