Tuesday, February 22, 2011

Corporate Snippets

±  SAIL plans to put up four 3mtpa manufacturing facilities - one each in Indonesia, Mongolia, South Africa and Oman – at a cumulative investment of US$12bn. (FE)
±  Tata Motors' Jaguar and Land Rover unit is in talks with Chinese sport utility vehicle maker Great Wall Motor Co about a potential China tie-up. (BS)
±  Tata Steel expects to start production from a new Orissa plant by end-March 2013. (BS)
±  The Godrej group could hike soap prices in order to offset rising input costs, particularly those of vegetable oils. (BS)
±  Unitech Ltd will develop an integrated township at Rewari in Haryana with an estimated construction cost of Rs0.6bn. (BL)
±  Despite dismissal of legal suits filed against it by Global Vehicles, Mahindra & Mahindra's plan to enter the US market will be further delayed till the outcome of an arbitration process in London later this year. (BS)
±  Orient Green Power (OGP), a renewable energy venture of the Shriram group, has decided to move its proposed 300MW wind farm project from Tamil Nadu to Maharashtra and Gujarat due to issues relating to evacuation of power. (ET)
±  Mahindra Satyam’s business process outsourcing arm has renewed contract with NAVTEQ, a global provider of digital map data, for a further period of two years. (ET)

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