Tuesday, June 7, 2011

Corporate Snippets

±      Adani Power's second supercritical power unit of 660MW at Mundra got synchronised with the transmission grid, thereby taking its total generation capacity to 2,640MW.(BL)
±      Adani Power would commission its 40MW photovoltaic solar project in Kutch district of Gujarat by the end of this financial year. (BL)
±      SAIL is planning to invest Rs700bn in the next two to three years to expand its hot metal capacity to 23.46mtpa from 13.8mtpa at present, to meet increasing demand from the infrastructure sector. (BS)
±      Maruti Suzuki India sacked 11 workers employed at its Manesar facility, which has been crippled by a strike. (BS)
±      GAIL India has received its board’s approval for a foray into natural gas-based power generation and it will set up its first power plant in Maharashtra with an investment of around Rs8bn. (BS)
±      Kingfisher plans to tap investors with a revised business plan to raise US$300mn through a GDR issue as oil prices show signs of easing after sustained upward spiral. (ET)
±      NMDC has signed a deal with Minemakers Ltd to develop phosphate deposits in Australia and would buy a 50% holding in the project after a joint feasibility study. (BS)
±      Bharti Airtel has received largest number of consumer complaints, according to latest government data. (BS)

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