Company News

Satyam To Drive Europe-Asia Market Through Acquisitions

Mumbai: Satyam Computer Services Ltd is concentrating on mounting its earnings from European as well as Asian markets, and is looking at developing both geographically plus through acquirements. Rising verticals including energy and utilities, retail, media and entertainment and travel, transport & logistics will be its key growth drivers in the worldwide foray.

Wadias Keen On West Bengal

Kolkata: Bombay Dyeing joint managing director, the flagship company of the Wadia group, Ness Wadia confirmed on Friday that his group would be keen on infrastructure, healthcare and education segments in West Bengal.

Mr Wadia, who was attending the national executive group conference of Federation of Indian Chambers of Commerce & Industry (FICCI) here, actually walked up to chief minister Buddhadeb Bhattacharjee to inform him about his investing plans in the state. The gesture was highly valued.

Ess Dee To Buy Alcan Packaging Division

Mumbai: Ess Dee Aluminium Ltd has joined the battle to get hold of Canadian Alcan Inc's packaging unit in a transaction projected at $1 billion.

Ajanta Pharma Signs Pact With Prollenium Medical Technologies

Mumbai: Ajanta Pharmaceuticals has signed an licensing contract with Canada-based Prollenium Medical Technologies to exclusively market the latter’s dermal filler ‘Revanesse’ in the Indian market.

A message from Ajanta Pharmaceuticals said that the Prollenium Technologies has its proficiency in “medical aesthetics.”

The note added that revanesse adds volume and polishes out deficiencies in the skin and also helps protect delicate skin areas from maturating.

PGCIL IPO Gets Record Rs 1,90,000-Cr Bids

Mumbai: In the biggest-ever reaction to a public stock bidding, the state-owned Power Grid Corporation of India (PGCIL ) has got subscription of Rs 1,90,000 crore, a slice of which came from provident and retirement funds capitalists who infrequently insert money into equity.

The company will raise about Rs 2,985 crore through the IPO that has been oversubscribed 65 times. Capitalists were offered a price band of Rs 44 to 52 for building the book.

L&T-Outotec Group Gets Rs 7620 Mn Order From SAIL

L&T’s Engineering Construction and Contracts (ECC) segment, in association with Outotec GMBH, has bagged an Rs 7,620 million order for construction of a sinter plant, from SAIL.

Sinter plant of 2 X 204 square metre grate area with a total capability of 3.80 million ton annually, would be fulfilled on a turnkey basis, at the IISCO Steel Plant (ISP) of SAIL, at Burnpur, West Bengal. The project is likely to be completed in 30 months.