IT Update
PowerGen's joint ventures in India run into rough weather Even as the UK-based PowerGen has announced asset sales in India, Australia, New Zealand and Indonesia, a stalemate seems to be looming large over the power utility major's interests in its `joint ventures in India. Resistance likely in acquiring 12% stake in Gujarat project There appears to be many a slip between the cup and the lip, at least as far as the sale of PowerGen's 655-MW Pagathuan power project is concerned. Spic's Tuticorin project grinds to a halt Spic group-promoted 525-MW Tuticorin Power Project, in which PowerGen holds a 25 per cent stake, is understood to have in all probability grounded to a halt. LTCL is born out of L&T's cement business demerger The detailed structure resulting from the demerger of Larsen and Toubro Limited's (L&T) cement business became clear on Wednesday with the creation of L&T Cement Limited (LTCL), which would be a listed company. Wipro ADS may be priced in $43-45 range Wipro Ltd's American Depository Share (ADS) is expected to be priced between $43 and $45. Wipro will make an offering of 2.75 million ADS. Tata Steel Q2 net up 75% to Rs 115cr Tata Steel, the oldest steel company in India, has displayed an impressive performance with an increase of 75% in net profit to Rs 115.03 crore from Rs 65.39 crore.
PowerGen's joint ventures in India run into rough weather
Resistance likely in acquiring 12% stake in Gujarat project
Spic's Tuticorin project grinds to a halt
LTCL is born out of L&T's cement business demerger
Wipro ADS may be priced in $43-45 range
Tata Steel Q2 net up 75% to Rs 115cr
International Rajasthani Conclave-2000