Friday, November 6, 1998
BPL steps up its stake in Kleer Industries to 95%
The BPL group has increased its stake in the US-based Kleer Industries Inc to 95 per cent from the earlier 70 per cent. The balance 5 per cent will remain with employees of Kleer.
Urea scam takes toll on National Fertilizer Vijaipur expansion plan
The Rs 133-crore urea scam has cost the state-owned National Fertilizer Rs 83 crore in cost and time overrun. The final cost of the Vijaipur expansion project has now been calculated at Rs 1,070.60 crore, against the approved figure of Rs 987.3 crore.
Piaggio replaces Italian nominees on LML board
Replacing all its Italian nominees on the board of LML Ltd, Italian auto manufacturer Piaggio Cspa has appointed Samir Jagat and RA Shah, both from the law firm Crawford Bailey, as its representatives on the company's board.
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