Wednesday, October 7, 2009

Corporate News

􀂄 Reliance Industries (RIL) has threatened to stop oil and
gas exploration if it is not granted the promised drilling
moratorium to cover for the acute shortage of rigs. - BS

􀂄 Suzlon Energy stated that it has bagged an order from
Turkey-based Ayen Enerji to supply and install 27 units of
turbines to generate 57 mega watt (Mw) of energy. - BS

􀂄 Expanding its footprint in hydro-power generation, stateowned
NTPC would commission four power projects, that
can generate over 1,500 Mw of electricity, by 2017 in the state. - BS

􀂄 Gammon Infrastructure Projects has acquired 22.8 million
shares of Vizag Seaport (VSPL) increasing its stake in the
firm to 73.76 per cent and made it a subsidiary of the company. - BS

􀂄 Four Soft Netherlands BV, a subsidiary of Four Soft Limited
- has signed a new contract with Smart Logistics BV, the
Netherlands, to implement its freight forwarding solutions
4S eTrans SME at the latter's multiple locations. - BS

􀂄 Larsen & Toubro announced that its building and factory
construction division has received contracts worth Rs 1,513
crore in the second quarter of the current financial year. - BS

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