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Popular Articles

Investors wait for action on Jharkhand MoUs
The private players across the country who had signed MoUs since the constitution of Jharkhand as a new state bifurcating Bihar in 2000, have been eagerly waiting for the follow up action against their signed MoUs by the Shibu Soren-led ministry sworn in on last week by the Governor K Sankaranarayanan, ending over 11 months of President’s Rule in the state.

Satyam rebounds, ends up 3%
The scrip zoomed to a high of Rs 94 and finally ended at Rs 93, up 2.5% from the previous close. The counter clocked volumes of 30.16 million shares on the BSE as compared to the two-week daily average traded volume of 14.87 million shares .

News of the day

Great Offshore Q3 net dips 14% to Rs 49 cr
Integrated offshore oilfield services provider Great Offshore today reported a decline of 14% in net profit at Rs 49.54 crore for the quarter ended December 31, 2009, over the same period last year.
International Business

Jaiprakash Power Ventures to raise Rs 1,500-2,000 cr

Jaypee Group firm Jaiprakash Power Ventures today said it will raise Rs 1,500-2,000 crore through convertible bonds issued to foreign investors and institutional placement by next month to augment its generation capacity. - Jaiprakash Power Ventures appoints Sunil Kumar as VC, CEO - Jaypee, L&T sign Rs 4,000 cr contract for MP power project - Pre-IPO placements back in vogue "We will raise Rs 1,500-2,000 crore by February for increasing our capacity," Jaypee Group Chairman Manoj Gaur told reporters here. The company"s current power generation capacity of 700 Mw which will be increased to 3,100 Mw by March 2012. "Work on adding 6,000 Mw in the company is going on and from January 2011, about 1,000 Mw would be added every year.... This would be both thermal and hydro (power plants)," Gaur said. The firm has an operational hydro power plant of 300 Mw in Baspa in Himachal Pradesh and another of 400 Mw in Vishnuprayag in Uttarakhand. It is also setting up hydro plants in Arunchal Pradesh, Mehgalya and Himachal Pradesh. The company is also developing thermal power plants in Uttar Pradesh and Madhya Pradesh.


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