Monday, November 29, 2010

Corporate Snippets

±  Suzlon Energy’s overseas subsidiary, REpower Systems has received an order from Belgium based C-Power to install wind energy turbines for Thornton Bank aggregating 295MW. (BL)
±  Deal between Bhushan Steel and Japan’s Sumitomo Metals has got stuck due to differences over valuation. (BS)
±  Tata Power has decided not to take part in the country’s first major solar auction. (ET)
±  Bajaj Auto, KTM and Kawasaki of Japan plan to form a global alliance. (BS)
±  Shipping Corp FPO price band fixed at Rs135-140/share. (BL)
±  GVK Power & Infrastructure, through its wholly owned subsidiary, has announced that it has emerged the successful bidder for the six-laning tollway road project in Gujarat. (BL)
±  The Union environment ministry issues showcause notice to Lavasa Corporation, promoted by HCC alleging violation of environment laws. (ET)
±  Claris Lifescience’s reduces the Initial Public offer price by 20% and extends it by three working days. (ET)
±  The IPO of MOIL was subscribed 76% on the first day of bidding. (ET)

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