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Reliance Life IPO likely in Q1 of next fiscal: Ghosh
Anil Ambani Group"s life insurance venture Reliance Life expects to tap the capital market with its initial public offer in the first quarter of next fiscal, a top company official said here.

Fire at MCL coal mines affects Nalco production
Fire at the MCL Bharatpur coal mines today affected power generation from the captive power plant of Nalco, official sources said.

News of the day

Sugar stocks jump as prices touch record high
Shree Renuka Sugars ended at Rs 229, up by Rs 7 or 3.3%, on the BSE. Over 4.07 lakh shares have changed hands at the counter. The stock hit a high of Rs 230 and a low of Rs 223 during the day.
Small Business

Jaypee, L&T sign Rs 4,000 cr contract for MP power project

Jaiprakash Power Ventures, part of the Jaypee group and L&T-MHI ((a JV between L&T and Mitsubishi heavy industries) have signed an agreement for the supply and erection of the boiler and steam turbine and generator for the Jaypee Nigrie super thermal power project. The contract is valued at Rs 4,000 crore. - Pre-IPO placements back in vogue - Jaypee to invest Rs 1,050 cr in Assam cement plant - JAL gets HC nod for merger of group firms with itself - GI Security in pact with Canpro Global Services - L&T yet to take call on Mahindra Satyam stake sale - L&T asks Sebi to relax Satyam stake sale lock-in The project which is coming up in Singrauli district of Madhya Pradesh comprises two 660 MW super-critical units. While the contract for the Boiler Island has been given to L&T-MHI Boilers, the steam turbine generator has been given to L&T. The expected date of commissioning for unit I and unit II are 45 and 51 months, respectively. On the Bombay Stock Exchange, L&T"s shares closed on Wednesday at Rs 1,421.80, down 1.57 per cent.


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