Tuesday, November 16, 2010

Corporate Snippets

±  Tata group plans to foray in projects logistics segment in the next one year to tap Rs200bn market in India. (FE)
±  HPCL lines up Rs130bn capex to double its capacity of its Vizag refinery to 15mn tons a year by FY14. (ET)
±  Indian Oil Corporation (IOC) has planned a capex of Rs25bn for its marketing and distribution expansion. (ET)
±  A consortium led by L&T and Galfar Engineering & Contracting has bagged the design and development order for the New Salalah International Airport in the Sultanate of Oman for US$764mn. (BS)
±  NTPC would commence work on its first overseas project in Bangladesh by May ’11. (BS)
±  MERC has received EoIs from Maharashtra Electricity Distribution Company (MahaVitaran), Torrent Power, DPSC Ltd, Lanco Infrastructure, GMR Energy, Indiabulls Power, The Tata Power Company, and Enzen Global Solution over the auctioning of power distribution licence. (BS)
±  Tata Motors' global sales were up 18% at 86,705 units in October against the year-ago period. (BL)
±  HCL Technologies has bagged a US$100mn ‘business services' outsourcing deal in the US. (BL)

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