Tuesday, November 30, 2010

Corporate Snippets

±  Gujarat Mineral Development Corporation has managed to get nine responses for its Rs140bn aluminum project in Kutch, Gujarat. (BS)
±  BPCL and its partners have made a major natural gas discovery in offshore Mozambique. (BS)
±  Lavasa, a subsidiary of HCC is likely to approach the Bombay High Court seeking a stay on a directive issued by MoEF(Ministry of environment and forests.(ET)
±  IVRCL Infra said its water and building division had bagged orders worth Rs5bn from various organizations. (BS)
±  Punj Lloyd group announced that it has entered into MOU with Hopetech Sdn Bhd, Malaysia a provider of integrated solutions in automated revenue collections. (BL)
±  GMR Infrastructures sold off its 50 stake in Intergen N.V. (BL) 
±  Ceat has acquired the global rights of the Ceat brand from Pirelli for Rs550mn, helping it to secure better pricing advantage and distribution strengths.(ET)

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