Sunday, December 20, 1998
FIPB clears Xerox, Kalyani group proposals
The Foreign Investment Promotion Board (FIPB) yesterday cleared the proposal of Kalyani group to set up a 200mw cogeneration unit with Tenaska International Energy and the plan of Xerox Corporation to set up a holding company in the country.
Bhushan Steel plans plant at Patalganga
The Delhi-based Bhushan Steel plans to set up a Rs 1,200-crore hot rolled coil (HRC) plant at Patalganga in Raigad district. About 100 acres will be required for this three-million tonne facility.
LG Electronics local arm targets Rs 900 cr turnover
LG Electronics India, the wholly-owned subsidiary of South Korea's LG Electronics has drawn up an ambitious target to double its turnover in the next year to Rs 900 crore.The company had set a target of Rs 450 crore for 1998 and it was likely to exceed that to achieve Rs 475 crore.
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