TN Govt To Set Up Software Park At Kovai

Updated: Nov 4 2003, 05:30am hrs
The Tamil Nadu government is to set up a software park at Coimbatore, on the lines of Tidel Park in Chennai, information technology minister D Jayakumar told the state assembly. The park would come up on a 12.5-acre plot acquired by the government and had been handed over to Electronics Corporation of Tamil Nadu, he said. The government proposed to start such parks in Salem, Tirunelveli and Madurai also.

Himatsingka Seide To Pay 40% Interim
Himatsingka Seide Ltd has posted a 30 per cent growth in its net profit, at Rs 13.02 crore during the second quarter of the current fiscal. The turnover during the quarter, at Rs 35.26 crore, grew by nine per cent compared to the corresponding quarter past fiscal, a company release said. For the first half of the current year, the company had posted net profit of Rs 24.36 crore (Rs 18.51 crore) The board of directors has declared an interim dividend of 40 per cent, the release added.

Madhucon Projects Q2 Net At Rs 3.48 Cr
Madhucon Projects Ltd, engaged in infrastructure projects, has registered a net profit of Rs 3.48 crore for the second quarter ended September 2003 as against Rs 2.32 crore in the corresponding period last year. According to the unaudited financial results, the company has reported a total income of Rs 61.63 crore (Rs 43.22 crore). The company has set a turnover target of Rs 300 crore during the financial year 2003-04.

Panel Visits Coke Plant
Members of Kerala assembly's subject committee on Monday visited Coca-Cola's plant at Plachimada in Palakkad district, in the backdrop of allegations that the unit caused depletion of ground water in the area. State water resources minister T M Jacob, who led the team, later told reporters that the committee would discuss with officials concerned before finalising the panel's findings to be placed before the assembly.

Healthcare Workshops
The Confederation of Indian Industry, southern region, is organising two healthcare workshops in Chennai on November 12 and 15 with a view to projecting Chennai as a worldclass healthcare destination. The objective of the workshops was to spread the message of quality healthcare delivery system available in Chennai to rural regions through telemedicine and make the city an affordable quality medical hub for South Asia, Dr Alok Roy, chairman, healthcare sub-committee, CII, southern region said.

Plea Not To Wind Up Keonics
Karnataka Electronics Development Corporation board of directors has asked the state government not to wind up Keonics owned by it in the wake of reports that a high power committee had recommended its closure. Speaking to reporters, company chairman Joseph Stalin said Keonics was making profits continuously for the last several years and had returned Rs 6 crore to the Karnataka government last year. Keonics was an independently managed and self-sufficient organisation and its operations should not therefore be closed.