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SCI
plans to add two more crude tankers to its fleet |
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The Shipping Corporation of
India is evaluating plans to order two new crude tankers with
a capacity of 1,40,000 DWT (dead weight tonnage). The proposal,
which is currently awaiting approval from the Public Investment
Board, would cost around $45-50 million for each tanker. |
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L&T
initiates CRS for senior staff |
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Close on the heels of the proposed
divestment of a 37.5% stake in L&T’s to-be-demerged cement
division to a strategic partner, the management of the company
is understood to have adopted a manpower rationalisation measure
by floating Compulsory Retirement Scheme for select employees. |
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Short
supply of gas hits power plants in Gujarat |
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Even as power plants all over
the country are trying their level best to switch over to gas
as the preferred fuel over naphtha on account of economies of
scale, power plants in Gujarat are heading for a crisis with
the availability of gas falling far short of demand. |
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Open
offers by multinationals due to low valuations: DSPML official |
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Low valuations are
the trigger for the spate of open offers being made largely
by multinationals, to up their stake or even delist their Indian
entities, according to DSP Merrill Lynch executive vice-president,
Rajeev Gupta. |
