Tuesday, July 13, 2010

Corporate Snippets

Suzlon Energy has bagged orders worth ~Rs1.2bn from Malpani Group to setup, operate and maintain two new wind power projects in Karnataka and Maharashtra. (ET)

Tata Chemicals has received the approval of shareholders to raise Rs4bn through issue of 11.5mn shares on a preferential basis to promoter Tata Sons. (BL)

Titagarh Wagons will invest €15mn to buy French rail wagon maker IGF Industries-Arbel Fauvet Rail, its first overseas buy as it looks to tap new markets.  (ET)

GMR Infrastructure has sought shareholders’ approval to raise Rs50bn through various instruments to fund expansion and capex plans. (ET)

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