Corporate Snippets

BHEL has won a Rs26.65bn contract for setting up a 1,200 MW coal-based thermal power plant in Chhattisgarh. (BL)

Tata Motors is expanding capacity of its Ace pickup to 275,000 units from 225,000 units at its Pantnagar facility. (BL)

The Supreme Court on Monday sought a response from Mahindra & Mahindra on the excise department's plea alleging that the automobile manufacturer had undervalued its vehicles to evade excise duty. (FE)

The Mahindra group has drawn up a 10-year plan for its two-wheeler business that will focus on forging new alliances and going global. (BL)

IOC plans to set up another 14-15mn tons refinery with an investment of Rs150-200bn on the western coast. (BS)