Thursday, March 11, 2010

Corporate Snippets


± SBI to tap retail bond market next year with a 10-year issue. (ET)

± RIL has leased an ultra deep water drill ship to boost offshore exploration. (BS)

± Tata Steel hit by Orissa Government blanket mining ban order. (BL)

± ITC arm to invest Rs11bn in Bhadrachalam paper plant. (BL)

± NMDC FPO received bids for 17% of the share on day one. (ET)

± NMDC and Nagarjuna Fertilizer are scouting for phosphate mines abroad. (BL)

± Government says no FPO offers in IOC and ONGC as of now. (BL)

± SBI prefers rights issue over FPO says Chairman OP Bhatt. (BS)

± Adani Power out of race to supply power to Gujarat Urja Vikas Nigam. (BS)

± Thermax has formed a JV with Babcock and Wilcox for making super critical boilers. (ET)

± Jayshree Tea is close to acquiring a company in agro commodity space. (ET)

± Supreme Infra wins an order for Rs4.5bn.

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