TOP CORPORATE NEWS
Nestle gives Rs20 crore to
Ambuja Cements for destroying Maggie
Nestle India has
paid Rs20 crore to Ambuja Cements for destroying Maggi instant noodles, which
were found to be harmful for human consumption by the food regulators in the
country.
Ambuja Cements,
formerly known as Gujarat Ambuja Cements, is believed to have been paid the
amount for burning the recalled packets of Maggi noodles at its cement plant in
Chandrapur in Maharashtra..
IRB Infra receives Letter of
Award from NHAI
IRB
Infrastructure Developers Ltd has informed that the Company has now received
Letter of Award from NHAI for the project of Six Laning of Agra-Etawah Bypass
section of NH-2 (from km 199.660 to km 323.525) in the State of Uttar Pradesh
under NHDP Phase-Von BOT (Toll) mode ('the Project)'.
TRIL gains on receiving order
from Gujarat Energy Transmission
Transformers And Rectifiers (India) Ltd (TRIL), rose nearly 6%, touching to
Rs275, after the company said that it has received the order amounting to Rs124
crore from Gujarat Energy Transmission Corporation. With this order, company's
order book as on date stands around Rs 900 crore, Transformers and Rectifiers
(India) said.
Suprajit Engineering acquires
72,85,018 shares of Phoenix Lamps
Suprajit
Engineering Ltd has informed that this is in regard to the open offer made by
the company to the shareholders of Phoenix Lamps Limited for acquiring
72,85,018 shares, the offer was opened on June 22, 2015 and closed on July 03,
2015.
NHPC to set up 4
hydroelectric projects in Darjeeling
NHPC to set up 4
hydroelectric projects with a total generation capacity of 293 MW in the Teesta
Basin of Darjeeling. – Positive read through
BHEL to build 400 MW power
station for $400 million in Ghana
Bharat
Heavy Electricals Limited ( BHEL), to build a 400 MW power station at $ 400
million in Ghana. A MoU was signed between The Sol Group Limited, a United
Kingdom (UK) based Development Company and BHEL. Positive read-thru.
Power Grid clears Rs2,247 cr
for Green Energy Corridor project
Power Grid
clears Rs2,247 cr for Green Energy Corridor project – Positive for
T&D EPC players & equipment suppliers. The Board of Directors of the
company at its meeting held on July 2, 2015, has accorded investment approval
for Green Energy Corridors: Inter-State Transmission Scheme (ISTS) Part-C at an
estimated cost of Rs2,247.37 crore, with commissioning schedule of 36 months
from the date of investment approval. The
Green Energy Corridor project is aimed at transmission of renewable energy from
generation points to the load centres by creating intra-state and inter-state
transmission infrastructure.
RBI, govt in talks to reset
FII G-Sec investment limit in Rupee terms
RBI said
that it is in talks with the government to reset foreign institutional
investment limit in government bonds in rupee terms. The current investment
limit for FIIs in G-secs is $30 billion annually.
The resetting of
FII limits from $ to Rupee should yield additional headroom for ~$6 bn of
investment which is positive for G-sec bonds ( positive for PSU Banks since
they hold higher proportion of G-Secs)
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