The Financial Express -- News

Monday, November 17 1997

BHEL unveils new steam turbine for thermal projects

Bharat Heavy Electricals (BHEL) has developed and commercialised a new steam turbine which will considerably reduce erection and commissioning time of power generating sets. The new design has been developed for combined high and intermediate pressure (HP-IP) steam turbines of 100 to 150 mw utility steam turbo-generator sets in thermal power stations.

Bidders for Gopalpur port seek time to study cargo prospects

Leading multinational companies shortlisted for the Gopalpur port project have requested for six months time to rethink their investment in the project. The companies sought this period after the government's inability to assure them that the port will get a minimum quantum of 20 million tonnes of cargo a year, which the companies felt was needed to justify the Rs 3000-crore investment in the project.

Bank of Baroda first-half gross profit seen past Rs 420 crore

Despite a depressed business atmosphere, Bank of Baroda (BoB) is expected to record a gross profit of over Rs 420 crore in the first half of 1997-98. This an increase over its gross profit of Rs 401 crore profit during the first half of 1996-97. The projected results ensure that BoB will be secong only to State Bank of India in the financial standings.

Divestment panel advice given the go-by

MNCs make inroads into personal computers market