Wednesday, April 7, 2010

Corporate Snippets

NTPC plans to borrow Rs200bn in financial year 2010-11, 70% of which has already been tied up, as it quadruples generation capacity. (BS)

BHEL along with two of its other JV partners are expected to commence work on the Rs25bn Integrated Coal Gassification Combined Cycle power plant at Vijayawada in Andhra Pradesh in June 2010. (BS)

BHEL’s Tiruchy unit plans to increase the R&D spend by 73% to Rs4bn. (BS)

Tata Steel reported 18% growth in sales to 6.17mt during the fiscal 2010, against 5.23mt in the same period last year. (BL)

IOC refineries have achieved overall capacity utilization of 102% during 2009-10. (BL)

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