Centre plans Lubrizol stake valuation before sell-off
The Centre is soon expected to appoint a merchant banker to evaluate its holding in Lubrizol India where it currently has a 60% stake. The Indian Oil Corporation, which will buy out this holding, has already done an independent valuation with counsel from I-Sec.

BSES bags Rs 35-crore contract
The Mumbai-based BSES has bagged a Rs 35 crore contract from the Dubai Electricity and Water Authority (DEWA) for enhancing their existing Jebel Ali Free Zone sub-station.

State allows RPPPL to sell power to high-tension
The Maharashtra cabinet has allowed the sale of power to a third party by Reliance Patalganga Power Private Ltd (RPPPL) in case the Maharashtra State Electricity Board (MSEB) fails to make payment to the company for the purchase of power within the notice period of 30 days.

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