Saturday, September 26, 1998
Australian firm puts off $300-million steel project
Australian mining giant Broken Hill Proprietary Company (BHP) has put off plans to set up a $ 300-million steel project in the country owing to the Asian downturn. BHP, which received FIPB approval only last week for bringing in Rs 1,050 crore to invest in downstream ventures, has decided to keep its plans to set up plants in Chennai and Daruhera near Delhi for refined steel in abeyance.
RCF embarks on an ambitious restructuring plan
The state-owned Rashtriya Chemicals and Fertilizers (RCF) is currently embarking on a massive restructuring programme to reorient its operations and sharpen its marketing and trading units. While the first phase of its restructuring programme is over, the mini-ratna RCF will complete its second phase in the next three to four years.
Karnataka team set to meet Tatas over airport plan
The deadlock in the talks between the government and the Tata consortium over the fate of the Bangalore international airport seems to have ended with the Karnataka government taking the first step. A high-level delegation headed by chief secretary BK Bhattacharya will meet with Ratan Tata and other Tata officials at Bombay House on Monday morning.
|
|
