Monday, April 19, 2010

Corporate Snippets

GVK Energy to raise US$250mn for power, coal mining assets. (BL)

Vedanta sets sights on Anglo’s zinc business worth US$1bn. (ET)

L&T plans to set up power plant in Jharkhand. (BS)

Reliance Industries picks stake in logistics firm Deccan 360. (BL)

Mahindra & Mahindra will buy out Renault's 49% stake in the five-year-old JV which produces the Logan at Nashik, Maharashtra. (BL)

Dr Reddy’s Lab recalls antipsychotic drug in US. (ET)

Chennai Petroleum Corp has put on hold its plans for setting up a 15mn tonnes per annum refinery at Ennore. (BL)

JSW Energy will acquire a majority stake in South African Coal Mining Holding for about US$85mn besides making an open offer to the minority shareholders. (BL)

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