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BCML acquires 51% in Tulsipur Sugar; 20% open offer to follow
Balrampur Chini Mills Ltd (BCML) yesterday signed a memorandum of understanding (MoU) with the promoters of Tulsipur Sugar Ltd for the acquisition of a 51% stake in the company at a price of Rs 50 per share aggregating Rs 13.50 crore. The funding will be made out of internal accruals.
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NTPC mulls 2,300mw capacity addition in western region during Ninth Plan
National Thermal Power Corporation (NTPC), a government of India undertaking, has planned a capacity addition of 2,300 MW in the western region during the ninth five-year plan. NTPC has already taken initiative to add 650 MW capacity each at its Kawas and Jhanor-Gandhar gas-based projects.
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BHEL turnover at Rs 6,450-cr, gross profit at Rs 1,002-cr in '97-98
Bharat Heavy Electricals Ltd (BHEL) has recorded a turnover of Rs 6,450 crore during 1997-98. The value addition has been to the extent of Rs 2,800 crore with a profit before tax of Rs 1,002 crore and an earnings per share of Rs 28.5.
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SR Batliboi moots stronger marketing unit at HEC
SR Batliboi Consultants Pvt Ltd, which has been appointed by the union government to monitor the implementation of the revival plan of Ranchi-based Heavy Engineering Corporation, has recommended the recruitment of a director (marketing) and strengthening of the central marketing department of the public-sector unit.
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