The Financial Express -- News

Monday, August 25 1997

Indian Oil scouts for partners among domestic, MNC players

Indian Oil Corporation (IOC) is scouting for partners among national and multinational power utilities to create 1,410 mw power projects based on unmarketable vaccum residue fuel from its refineries.

SEBs, power firms owe Coal India Rs 4,000 cr

State electricity boards and various power companies owe Coal India Ltd a whopping Rs 4,000 crore against coal supplied by CIL's seven subsidiaries. Almost half of this amount -- Rs 1,781.16 crore -- that is owed by 22 SEBs and power companies is in the disputed category.

Fertiliser majors undecided on expansion projects

Three fertiliser majors -- Tata Chemicals, Kumarmangalam Birla's Indo Gulf Fertilizers and KK Birla's Zuari Agro - are believed to be undecided about the implementation of their large expansion projects, in the absence of a clear-cut future government policy on fertiliser subsidy.

BBDO to hike stake in venture with R K Swamy to 40%

SEBI curbs Subra Holding's plan to buy Silverline shares