Hyundai to invest $400 million in India; to unveil Sonata next year
Hyundai Motor Ltd, plans to invest $400 million into its Indian manufacturing facility starting March 2001. The company, after the Santro and Accent-petrol followed by the diesel version, proposes to launch the premium Sonata by mid-2001 -- as more models come out from its stable.

IOC may take 50% stake in Andhra Hydrocarbon project
The Indian Oil Corporation (IOC)-led, Kakinada Indian Oil LNG Consortium (KIOLC), has proposed to set up about 4 to 5 joint venture companies under the consortium to implement the Rs 19,400 crore Andhra Hydrocarbon Terminal project at Kakinada.

Reliance, L&T, Mitsui in race for Petronet LNG Kochi arm
Three Indian corporate behemoths and a slew of global petroleum and construction majors are in the race for setting up the Rs 1,600-crore, 2.5 million metric tonne per annum liquefied natural gas terminal of the Petronet LNG on a built-own-operate-and-transfer basis.


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  Briefing
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