Corporate Snippets

Mahindra Satyam stated that it has notified NYSE of its intent to delist its ADRs. (BL)

BHEL has stated that it is in talks with SAIL and Vizag Steel to tie up for manufacturing high-grade steel, while Posco might also join the proposed JV company as a technology partner. (BS)

BHEL is open to all possible opportunities - brownfield, greenfield, acquisition and joint venture — to enhance its capacity, Some units, in particular, are on a major expansion drive. (BS)

Government says it has issued show cause notices to GVK Power and Bhushan Steel and Power for their failure to develop coal blocks awarded to them within the timeframe stipulated in the mining agreements. (BS)

Reliance Infrastructure will complete the process of raising a debt of about Rs84bn by next month to execute its current portfolio of 11 road projects worth Rs120bn. (BL)