Wednesday, April 14, 1999
NTPC, IOC, ONGC may join hands for power plant in Gujarat
In a change of strategy, three navratnas--IOC, ONGC, and NTPC - are believed to be exploring the option of joining hands and setting up a power plant in Gujarat. The trio will hold a combined equity of 50 per cent so that the venture remains a non-Government company.
Zuari Cement plans to enter RMC business in a big way
Zuari Cement, a division of Zuari Industries Ltd is the latest entrant to the ready mix concrete (RMC) business. The company has drawn up plans to integrate forward and put up RMC plants in Chennai, Bangalore and Hyderabad in the next one year.
Chemox comes under BIFR glare
The Board for Industrial Finance and Reconstruction (BIFR) has declared Chemox Laboratories Ltd as a sick company even as it rapped ICICI, the leading lending institution for the company, for not effectively asserting its rights.
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