The Financial Express -- News

Monday, July 21 1997

Gujarat Ambuja shelves power foray due to delays

Gujarat Ambuja Cements has decided to shelve its proposed diversification into the power sector. The company had earlier planned to set up a 500 megawatt thermal power plant in Madhya Pradesh along with US-based utilities major Houston Industries.

Infrastructure Bond Issue

State-run units rake in the moolah, outstrip private firms

If you thought public sector undertakings are a drain on the country's coffers, and private sector added to it, think again. As many as 46 PSUs listed on various stock exchanges in the country accounted for nearly half (47%) of the total sales of some 1,724 companies for which information was available for 1996-97.

Ahmedabad municipality to raise Rs 100 cr via bonds

Ahmedabad Municipal Corporation (AMC) is poised to become the first civic body in the country to float Rs 100-crore bonds to partially finance its unique Rs 325-crore slum improvement partnership (SIP) project. The project will be implemented in a period of seven years.

Immense potential seen for Indian investment in S Africa

Tea Board forms panel to consider Rs 10cr loan write-off