The Financial Express -- Corporate

Friday, December 26 1997

Astra becomes dearer as import costs shoot up

The fall of the rupee against the dollar and the consequent increase in the cost of imports has forced General Motors India Ltd of to hike the price Opel Astra by Rs 11,500. The ex-factory price of the Opel Astra -- GMI's lone model in the country -- has increased to Rs 6.85 lakh from Rs 6.74 lakh.

Low industrial power demand clogs up Eastern Coalfields' Rajmahal project

Eastern Coalfields Ltd has decided to wait for National Thermal Power Corp (NTPC) to increase coal offtake before going ahead with the Rajmahal C opencast project. NTPC is yet to agree to the price for coal from the Rs 560.32-crore third phase.

Kudremukh Iron, US firm sign power pact

The Kudremukh Iron Ore Company Ltd has signed a power purchase agreement with Globetrotters Engineering Corporation of the USA to set up a 60 MW captive power plant within the company's premises at Kudremukh in Karnataka. The plant would take care of about 75 per cent of the company's power requirements at Kudremukh.

FIs to cast net wide for white knight to recover investments in PAL-Peugeot

NEC to provide $300m to Packard Bell

Astra becomes dearer as import costs shoot up

Power Trading Corp may be PGCIL arm

Pak ice-cream maker pushes Lever to Wall

Shanghai turns to Singapore firm to tone up bus service

Sulzer calls EGM on parent's move

SCI, RCF plan venture for fertiliser transport

Court orders Western India to fold up

Seat-sharing talks with RPI yet to begin, says Shinde

Gesco, Varun Shipping may be roped in to lug LPG

National Chemical Labs tops chart for highest number of patents