Monday, December 7, 1998
NTPC spurns Indian Oil Haldia power plan offer
The National Thermal Power Corporation (NTPC) has refused to join hands with the Indian Oil Corporation (IOC) for the latter's 606mw refinery residue-based power project at Haldia in West Bengal.
Indal likely to lay off 600 workers at 3 units through golden handshake
Indian Aluminium Co has drawn up a blueprint for a new voluntary retirement scheme, aimed at three plants and likely to be made effective from January next year. The company aims to reduce total headcount by around 600, mainly at the plants at Belur in West Bengal, Alupuram in Kerala and Belgaum in Karnataka.
American Remedies puts key vitamin drug on block amid takeover rumours
Chennai-based American Remedies is believed to have put its key vitamin B-cum-zinc brand, Becozinc, on the block. The move comes even as stock markets have been abuzz with rumours of the company being a prime target for a possible hostile takeover attempt.
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