Asahi Infrastructure & Projects to increase authorised share capital

The members of Asahi Infrastructure & Projects have accorded to increase the authorised share capital of the company from Rs. 35 crore to Rs. 50 crore.

Further, the members have accorded to issue 10 crore warrants.

Source :www.biginfotech.in

Mundra Port and Special Economic Zone recommends stock split

The board of Mundra Port and Special Economic Zone in its meeting on 17 May 2010 has proposed to be split the company`s equity share of face value of Rs. 10 each into 5 equity shares of face value of Rs. 2 each.

Source :www.biginfotech.in

JMC Projects (India) to consider dividend

The board meeting of JMC Projects (India) will be held on 27 May 2010 to approve the audited financial accounts on standalone basis for the year ended 31 March 2010 and to consider recommendation of dividend, if any.

Source :www.biginfotech.in

L & T recommends dividend & allots shares

The board of Larsen & Toubro in its meeting on 17 May 2010 has recommended dividend at the rate of Rs. 12.50 per share.

Larsen & Toubro on 17 May 2010 has allotted 5,02,858 shares to those grantees who had exercised their options under the company`s Employee Stock Ownership / Option Schemes.

Source :www.biginfotech.in

KSK Energy announces commencement of power generation from unit 1 of 540 MW project

KSK Energy Ventures (KSKEV) has announced the commencement of power generation from the first 135 MW unit of the 540 MW coal fired project in Maharashtra. The project is undertaken through a Special Purpose Vehicle, Wardha Power Company (WPCL) and has a coal linkage from Western Coalfields. WPCL has commenced the testing of the power plant parameters, post synchronization with the grid and based on the coal procured from Western Coalfields. With this capacity addition, the aggregate installed generation capacity of KSK has increased from 279 MW to 414 MW.

Source :www.biginfotech.in

Manappuram General Finance & Leasing allots equity shares

The board of Manappuram General Finance & Leasing in its meeting on 11 May 2010 has allotted 1,70,192,610 equity shares of Rs. 2 each out of the un-issued capital of the company as bonus shares to the members of the company in the proportion of 1 new equity share of Rs. 2 fully paid up for every one equity share of Rs. 2 held.

Source :www.biginfotech.in

RIL and SIBUR to jointly pioneer butyl rubber production in India

Reliance Industries (RIL) and SIBUR, Russia`s leading petrochemical company have signed a Memorandum of Understanding (MoU) to set up a joint venture in India. This new joint venture will produce butyl rubber at Reliance`s integrated petrochemical site in Jamnagar, India.

According to the MoU, SIBUR will provide proprietary technology for butyl rubber polymerisation and its finishing, while RIL will supply monomers and provide the joint venture with world class infrastructure and utilities.

Source :www.biginfotech.in

Padmalaya Telefilms to issue securities

The board of Padmalaya Telefilms in its meeting on 15 May 2010 has decided to issue shares in the form of FCCBs / GDRs / ADRs / QIBs / QIPs / private placement of equity shares on preferential basis.

Source :www.biginfotech.in

IOL Chemicals & Pharmaceuticals to increase authorised share capital

The board of IOL Chemicals & Pharmaceuticals in its meeting on 15 May 2010 has approved to issue US$ 5 million Zero Coupon Unsecured Foreign Currency Convertible Bonds.

Further, the board has decided to increase the authorised share capital of the company from Rs. 35 crore to Rs. 45 crore.

Source :www.biginfotech.in

Vishal Information Technologies to change its name

The board of Vishal Information Technologies in its meeting on 15 May 2010 has approved to change the name of the company from Vishal Information Technologies to Coral Hub.

Source :www.biginfotech.in