| |
Hind Lever declares 1:1 bonus, markets unmoved
Hind Lever Chemicals (HLCL) yesterday announced a 1:1 bonus by capitalising the share premium account. The move superceeded an earlier proposal to issue bonus shares after a preferential allotment to Unilever PLC which has since been aborted. The company posted a 43%t rise in net profit to Rs 24.75 crore for the year-ended December 1997. Gross turnover grew by 19% to Rs 565.93 crore.
 |
|
Nalco to seek CEA advice on power-capacity hike
National Aluminium Company (Nalco) has decided to seek advice from the Central Electricity Authority (CEA) on whether the public sector major would require to increase its captive power generating capacity by two additional units of 120 mw each, or just one, following the completion of the Rs 3,900 crore expansion it has chalked out.
|
 |
Kirloskar Brothers in restructuring exercise
Kirloskar Brothers Ltd (KBL), the Rs 323 crore flagship company of the Rs 2,400 crore Kirloskar group has restructured its existing divisions into Strategic Business Units (SBU). The exercise will allow greater freedom to the heads of the SBUs with the aim of increasing profitability. The exercise is expected to be completed by March this year.
|
Ispat Industries may enter captive power generation busines
Ispat Industries of the Mittals plans to make a foray into captive power generation business. The company is already operating a captive power unit for its ferrous alloy plant at Balasore, Orissa, and is in the process of setting up one for its hot rolled facility at Dolvi, Maharashtra.
|
