Tata Group and private equity firm Actis aim to bid for $2 billion of road projects in India over the next five years as the country makes a major push to build highways, a senior Actis official said on Thursday. "We are quite optimistic and will be bidding for 5-6 new construction projects this year," Sanjiv Agarwal, head of infrastructure at Actis in South Asa, said.
Tatas stand by Niira Raida
The Tata Group on Thursday stood by Niira Raida who was caught in a controversy over her alleged role in 2G spectrum allocation, an issue in which the Opposition is demanding telecom minister A Rajas resignation.
Eicher Motors supply woes
Eicher Motors Ltd is facing capacity constraints from suppliers, its chief executive Siddhartha Lal said on Thursday. There are some constraints we are facing from the supply side and we are talking to our suppliers to rectify that. We were held back a little due to the suppliers' capacity," Lal told Reuters over the telephone.
Bridgestone TBR tyre output
Japan's major tyre maker Bridgestone would start production of truck and bus radial tyres (TBR tyres) from its existing Kheda (Pithampur) plant near Indore by first half of 2011. The company is also planning to establish a new plant near Pune which will start TBR production in second half of half of 2013, said H Tanigawa, MD, Bridgestone India.
JSL to mop up Rs 200 crore
JSL Ltd on Thursday said it sees revenue growth of 20 -30% in FY11, and expects to raise about Rs 200 crore over next 6-8 months to fund project expansion. The company has already raised Rs 240 crore via qualified institutional share placement.
Glenmark Pharma launches Prasugrel
Glenmark Pharmaceuticals has launched Prasugrel, a new anti-platelet drug for the management of acute coronary syndrome with PCI (percutaneous coronary intervention).
Balrampur Chini output up 10%
Balrampur Chini Mills' 2009-10 sugar output from cane rose 10% but falling prices will put pressure on profitability in coming quarters, a senior company official said on Thursday.
Spencers eyes Rs 1.1k cr turnover
RPG Group company Spencer's retail, a subsidiary of CESC, said it was aiming to clock at a top line of Rs 1,150 crore in the current fiscal.
Orchid, Forest Lab in settlement pact
Orchid Chemicals and Pharmaceuticals on Thursday said the company has reached a patent settlement agreement ending a patent litigation with US-based Forest Lab.