Usha Ispat to pledge Rs 129cr upfront payment to avail Rs 316cr IDBI fund
Usha Ispat Limited board is in the middle of working out a strategy for coughing up the promoter's contribution to its escalated project cost, demanded by its lead lender, the Industrial Development Bank of India (IDBI).

Jindal Vijaynagar Steel targets to re-start HR coils output, sets 1.1m target
Jindal Vijaynagar Steel, the Sajjan Jindal group company which has received conditional approval for additional loans from the Industrial Development Bank of India (IDBI) and ICICI, has targeted production of 1.1 million tonnes of hot-rolled coils (HRC) for the 1999-2000 fiscal.

MRL net profit jumps 17% to Rs. 150 crore
Madras Refineries Ltd (MRL) on Friday said it had registered a 17% jump in net profit at Rs 150.99 crore (provisional) in 1998-99 as against Rs 129 crore in 1997-98.

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