Company News

OK Play Receives Rs 32.70 Cr Order From Haryana Government

OK Play India Limited announced that the company has received an order of OK Play Receives Rs 32.70 Cr Order From Haryana Government Rs 32.70 crore from the government of Haryana.

OK Play India is a leading plastic molding company.

Under the proposed contract, the scope of work includes the supplying of water storage tanks for a value of Rs 32.70 Crores.

The order is applicable till March 31, 2009.

To further strengthen its business footprints, New Delhi-based company (OK Play India Limited) is eyeing to pump Rs 70 crore for constructing two facilities in Haryana and Tamil Nadu.

Universal Cables To Invest Rs 90 Crore On Expansion

Universal Cables Ltd has entered into another massive expansion project by inducing Rs 90 crore.

This latest move by the company is in view of the growing demand in extra high voltage power cables.

The company will make medium-voltage and extra high-voltage cables in its existing Satna unit, in which it has recently completed Rs 63 crore investment.

The source close to the company say, “The project activities are in full swing and commencement of commercial production is expected in the third quarter of the next fiscal.”

The reports also revealed that Universal Cables Ltd has imported machines from China for the proposed expansion project.

Indiaco Ventures Inks R&D Pact With Overseas Firm

Indiaco Ventures Ltd, a leading conglomerate deals in financial services, Indiaco Ventures Inks R&D Pact With Overseas Firmhas announced that its technology division has inked a research and development and technology licensing deal with U.S.-based Aerospace Corporation.

California-based, Aerospace Corporation provides technical analyses for civil and commercial space ventures along with national security space programmes.

Last year in the month of May, Indiaco Ventures inked memorandum of understanding with Norway based Giertsen Group for identifying and transferring hi-end technologies of the Giertsen Group.

Action Construction Acquires Chinese Firm

Action Construction Equipment Ltd (ACE), India’s leading mobile crane Action Construction Acquires Chinese Firm

Indian Hume Pipe To Set Up 3 Plants In Andhra Pradesh

Mumbai-based, Indian Hume Pipe is ready to set up three new pipe Indian Hume Pipe To Set Up 3 Plants In Andhra Pradeshproduction plants at two locations for manufacturing pipes in Andhra Pradesh.

The company is proposing this move to meet the requirements of Orders on hand.

Indian Hume Pipe has selected Chillamuthur, in the Anantpur district for its first plant and the Karnool district for its second plant.

These two plants will entail a total amount of Rs 200 million for their construction.

Reliance Capital hikes PLR by 50bps

Reliance Capital hikes PLR by 50bpsReliance Capital Ltd., a financial ser

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