Wednesday, September 30, 1998
Shell's re-entry into Nocil fold through preferential offer close to conclusion
The re-entry of transnational Shell into Nocil, the Hrishikesh Mafatlal-controlled petrochemicals, rubber chemicals and polymers company, is believed to be in the last stages of being sewn up. Shell Montell, a subsidiary of Shell, is preparing to pick up an equity stake in the company through a hefty preferential allotment.
Law ministry vents ire against move to extend celltel operators' licence tenure
The law ministry has objected to the extension of the licence period for cellular operators in non-metro circles from 10 years to 15 years, warning that the move may be legally and constitutionally unsustainable.
Lupin Chemicals plans 5mw captive power plant at Tarapore facility
Lupin Chemicals plans to set up a 5mw captive power plant at its Tarapur facility near Mumbai to ensure uninterrupted supply at constant frequency. The move is expected to translate into earnings of Rs 3 crore per annum.
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