Wednesday, September 2, 1998
Tatas say bye, bye to airline project
The Tatas yesterday announced their formal decision to pull out of their proposed Rs 1,475-crore airline project with the Ministry of Civil Aviation continuing to delay the project for one reason or another -- the project has been delayed by over 43 months already.
Bhandaradara power project awarded to NRI
The Maharashtra government has awarded the contract for setting up a 12 MW hydro power station at Bhandaradara in Ahmednagar district to an NRI firm D L International. DLI, owned by an NRI originally from Maharashtra, V Rajadhyaksha, will be involved in setting up the 36 MW plant to be completed in 15 months.
Maruti, Telco among global auto giants
India's leading automaker Maruti Udyog Ltd (MUL) has been ranked 24th among the global vehicle manufacturers by an international automobile magazine. Another Indian automobile company, Telco has been ranked 28th by the `Automotive News, 1998 market data book' on the basis of production and sales in the year 1997.
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