Friday, April 8, 2011

Corporate Snippets

±      Cairn Energy extend Vedanta deal deadline to May 20. (ET)
±      RCF, Coal India and GAIL will together spend Rs75bn to build coal gasification facility. (ET)
±      SAIL FPO to hit market by May-end. (BS)
±      BHEL’s Haridwar unit reported a record turnover of Rs42.4bn. (BL)
±      Essar to seek US$700mn more from Vodafone. (ET)
±      The application of R-Infra for an extension in its existing power distribution license to the suburbs of Mumbai has been rejected. (BS)
±      Mahindra Satyam NYSE relisting maybe delayed. (BL)
±      Suzlon launches wind turbine machines suitable for low wind speeds. (BL)
±      IFCI has increased its stake in debt-ridden apparels company, Koutons Retail from 5.9% to 10.2%. (BL) 

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