State-owned NHPC, a hydroelectric power generating company, has filed its Draft Red Herring Prospectus with market regulator Securities and Exchange Board of India (Sebi) for entering the capital market with an IPO through the book-building route. 

The Public Issue of 1,67,73,74,015 equity shares comprises a fresh issue of 1,11,82,49,343 equity shares by NHPC Ltd and an offer for sale of 55,91,24,672 equity shares by the President of India acting through the Ministry of Power, Government of India.  

Aksh Optifibre Limited, leading optical fibre cable maker, has signed an

New Delhi-headquartered Shiv-Vani Oil & Gas Exploration Services has bagged an order worth Rs 1,610 crore from state-run Oil and Natural Gas Corporation (ONGC) for deployment of eight onshore deep drilling rigs.

The contract is for deployment of one 3000 Hp rig and seven 1500-2 000 Hp rigs and includes deep drilling and integrated services like cementation, directional drilling and mug engineering.

Under the deal, the company would deploy two rigs in Tripura, four rigs in Assam and two rigs in Rajahmundry.

Mumbai-based Petron Engineering, has informed that it has received an Order for Heater Works for CDU/ VDU Units for Guru Gobind Singh Refinery Project of M/s.HPCL- Mittal Energy Limited at Bathinda(Punjab).

The contract is valued at a lump sum value of Rs 123 crore.

Last month, the company has bagged four letter of intent totalling Rs 14.07 crore from Utility Energytech Engineers Pvt Ltd,

Petron Engineering Construction, a subsidiary of KazStroyServices Plc. operates in the projects construction sector primarily in India.

The state run Coal India Limited (CIL) will develop 18 new unused coal mines. The Expression of Interest in this regard will be invited shortly. The new mines are located at the Bharat Coking Coal, Eastern Coalfields and Central Coalfields areas. More than 800 million tons of coal is expected to have in these mines.

Coal India Limited (CIL) has set a target of growth of 6.7 per cent in the present year. The Coal India chairman Mr Partha S Bhattacharyya said that the company recorded a profit of Rs 8,738 crore before tax in the 2007-8 financial year. The net profit was Rs8622 crore in the last financial year.

Stockholm - Saab Automobile posted a loss for 2007, but the group owned by US automotive giant General Motors reduced its losses compared to 2006, Swedish financial daily Dagens Industri reported Wednesday.

The Swedish-based carmaker sold some 125,000 cars in 2007, roughly 7,800 fewer cars than in 2006, the report said.

Saab Automobile's loss for 2007 was 2.2 billion kronor (360 million kronor) compared to a loss of 2.9 billion kronor in 2006, the daily reported, citing the group's annual report filed in Sweden.