Tuesday, July 20, 2010

Corporate Snippets

BHEL has won an order from Dainik Bhaskar Power worth Rs26.7bn (US$567mn) for setting up a 1,200 megawatts thermal power plant. (ET)

Malaysian investor Khazanah may have to pay more than US$4/share for Singapore’s Parkway or at least 3.1% above its share price to ward off rival bidder Fortis Healthcare. (BS)
GTL Infrastructure has completed the acquisition of 17,500 telecom towers of Aircel and expects an immediate annual revenue of Rs7.2bn.(ET)

L&T General Insurance, the wholly owned subsidiary of Larsen & Toubro, has received approval from IRDA and would start operations within six to ten weeks. (BS)

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