Company News

Hindustan Latex to develop medial integrated devices

Hindustan Latex to develop medial integrated devicesNew Delhi, Aug 21 : Hindustan Latex Limited (HLL), a mini ratna Company under the Ministry of Health and Family Welfare of the Government of India, today signed a memorandum of agreement with Infrastructure Leasing and Financial Services (IL&FS) for the development of its Integrated Medical Devices and Diagnostic Manufacturing Park, MediPark.

HLL also signed memorandum of agreement with NNE Pharmaplan for its Integrated Vaccine Complex, to be set up at Chengalpet near Chennai in Tamil Nadu.

OMCs Instructed To Clear LPG Waitlist In 60 Days

The oil marketing companies (OMCs) on Tuesday were firmly instructed by the OMCs Instructed To Clear LPG Waitlist In 60 Days  Petroleum and Natural Gas Ministry to clear the waiting list of new domestic LPG connections within 2 months (60 days) and restore the normal supply of all kinds of fuels across country.

Murli Deora, Minister of Petroleum and Natural Gas, while chairing the review meeting of the OMCs said, “The supply and distribution of essential petroleum products should be restored to the normal position. Adequate supplies must be ensured in the coming festive season.”

Petron Engineering Secures LoI Worth Rs 64 Cr From Utility Energytech

The Mumbai-based Petron Engineering Construction has informed that it has Petron Engineering Secures LoI Worth Rs 64 Cr From Utility Energytechreceived a Letter of Intent from Utility Energytech and Engineers Pvt Ltd for a Rs 64-crore thermal power project in West Bengal.

The firm received the letter of intent from Utility Energytech and Engineers, an associate company of Reliance Energy Ltd, for erecting boilers for the 1,200 MW Ragunathpur Thermal Power Project.

Orissa Sponge Iron To Allot 4 Million Warrants To TRFI; Stock Up 5%

Bhubaneswar-based Orissa Sponge Iron & Steel Ltd has informed that its board of Orissa Sponge Iron To Allot 4 Million Warrants To TRFI; Stock Up 5%directors has decided to issue 4 million equity share warrants convertible into same number of equity share of Rs 10/- to TRFI Investment Pvt. Ltd. a promoter group Company at a price calculated as per SEBI Guidelines.

DBS Chola Launches Fixed Maturity Plan Series 11; NFO Closes August 28

DBS Chola MF has announced the launch of DBS Chola Fixed Maturity Plan Series 11 (13 months) in the Indian market.

The fund is a close ended income scheme with an objective to generate regular returns and capital appreciation by investing in debt (including securitized debt), Government and Money Market securities maturing in line with time profile of the respective plans.

The Benchmark for the fund will be Crisil Short Term Fund Index.  

The minimum investment amount will be Rs 10,000 and in multiples of Re. 1 thereafter. For the institutional plan, the minimum application amount is Rs 1 crore and in multiples of Re. 1 thereafter.

IVRCL Infra bags order worth Rs 715 crore

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