Cash-strapped Mangalam Cement seeks bailout from FIs dues
B K Birla-Owned Mangalam Cement, which has an installed capacity of one million tonnes, is seeking rescheduling of its dues to financial institutions (FIs) in view of its continuing losses in the current year. Sources in the institutions say that a final decision is yet to be taken in this regard.

Bleak prospects force Exxon to walk out of HPCL Bhatinda refinery plan
Exxon Corp has decided to pull out of a planned venture with Hindustan Petroleum Corp (HPCL) at Bhatinda, Punjab. "Exxon has informed that it would not be partnering HPCL in the Bhatinda refinery in view of its unviability.

Godrej properties set to diversify into commercial realty with Rs 100cr kitty
Godrej Properties and Investments has firmed up plans to diversify into commercial property development with an initial investment of over Rs 100 crore. Godrej soaps is also slated to have an equity participation in Godrej commercial properties project.

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