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Bhel
may set up subsidiary for ElectraVan production, sale |
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The state-run Bhel is exploring
the possibility of setting up a subsidiary to take care of the
production and sale of its battery-powered vehicle ElectraVan.
However, the company is of the view that the formation of a
subsidiary will be linked to the volumes. |
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KPMG
for merger of CIL, subsidiaries |
| |
Internataional consultant KPMG
has recommended a merger of Coal India Ltd and its subsidiaries,
as one of eight possible ways of restructuring the public sector
giant. |
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Tata
Engg car sales up 9.8%; Indica up 49% |
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Tata Engineering has reported
an increase of 9.8 per cent in sales volume at 14,399 vehicles
in August 2001 as against 13,108 vehicles sold in August 2000.
Sales of the Indica rose for the third consecutive month, with
a growth of 49 per cent at 5,157 vehicles in August 2001. |
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Hindustan
Zinc, Shipping Corpn lift RoNW of PSU firms during 2000-01 |
| |
The return on net worth of
32 major public sector companies increased in 2000-01 over the
previous year, indicating an improvement in the efficiency of
generating higher shareholder value. The RoNW is measured as
net profits as percentage of net worth. |
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