Monday, May 17, 2010

Corporate Snippets

Videocon Industries will raise Rs22bn through a mix of qualified institutional placement, follow-on issue and preferential allotment. (BL)

SBI would come out with a retail bond issue of about Rs2bn in the first half of the year. (BS)


JSW Steel has completed the acquisition of nine coking coal mines in West Virginia in the US. (ET)

Larsen and Toubro has bagged a contract worth Rs15bn from the National Highways Authority of India. (BL)

ONGC Mittal Energy has found hydrocarbons in a Nigerian deepwater block. (BL)


SAIL is mulling setting up a steel project, at an estimated cost of Rs600bn, in Jharkhand. (TOI)

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