New Delhi: The Corporate Affairs Ministry has made announcement that before investing funds, the capitalists must consult them to obtain information about promoters’ track record, compliance positi
The stock markets are expected to open with an upward gap. The Indian stock markets closed weak during the last week. The weekend was good for global markets. US markets closed higher.
PSL Limited has announced that the company has won a contract worth Rs 125 crore for the supply of coated line pipes and long radius bends for the 200 km Dullajan Numaligarh Pipeline in Assam.
The order consists of supply of primarily 16-inch Outer Diameter API 5L (X65 Grade) bare/coated line pipes. These pipes have to be supplied by mid-2008, and PSL shall supply these pipes in entirety from its Varsana pipe mills in Kandla, Gujarat.
Mudra Lifestyle, a well-known firm in the fashion market has announced that board of directors of the company has given the approval for setting up of yarn project costing Rs. 300 crore preferably in the state of Uttarakhand or Himachal Pradesh.
An official release from the company stated, “The project is proposed to be funded by contribution from Promoters by way of Warrants amounting to Rs. 36 crore, issuance of foreign currency convertible bond or overseas equity up to Rs. 200 crore and the balance by way bank loans.”