Tuesday, April 20, 2010

Corporate Snippets

L&T to bid for airport projects in West Asia. (BL)

ArcelorMittal in talks with Delhi-based Ferro Alloys Corporation (Facor) for a strategic stake. (BS)

BHEL has bagged contract of Rs63bn from Raichur Power Corporation Ltd’s for setting up a 1,600 mw supercritical power plant in Karnataka. (FE)

GMR group is planning to raise an additional US$100mn from a group of private equity companies, led by Singapore-based Temasek Holdings, to fund its expansion plans. (BS)

Siemens to invest Rs5bn for wind turbine manufacturing facility in Gujarat. (BS)
Bajaj Auto has increased its stake in Austrian power bike maker KTM further to 35.7% from present 31.9%. (FE)

Cipla has developed three low-cost generic medicines to treat blood pressure, allergic rhinitis and control excessive bleeding in women during delivery. (BS)

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