The Telegraph
Since 1st March, 1999
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Corporate Briefs

ABB gets Rs 235-cr contract

Leading power and automation technology group, ABB, has been awarded a Rs 235-crore contract by Power Grid Corporation of India to design, build and install a new power transmission system at Visakhapatnam. The Vizag high voltage direct current (HVDC) back-to-back east-south interconnector III system, to be installed besides an existing HVDC station, would increase capacity for high voltage power exchange between two power grids by 500 MW. The total order is valued at around Rs 235 crore, of which ABB India’s work scope was Rs 130 crore, a release said.

TVS Motor

TVS Motor Company said its two-wheeler sales rose to 1.03 lakh units during September due to strong demand of its 110cc motorcycle ‘Victor’. Sales during April-September 2002 jumped 44 per cent to 5.57 lakh units from 3.85 lakh units a year ago.

Honda sales

Honda Siel Cars India has posted a 17.8 per cent growth in sales during September 2002 owing to increased demand of its mid-size car ‘City’. The company sold 1,354 cars during the review month against 1,149 cars in September last year.

Bajaj Auto

Bajaj Auto Ltd has recorded a 9.3 per cent rise in sales of two and three wheelers at 1,20,208 units in September compared with 1,10,013 units sold in the same period of last year. The motorcycle sales registered a growth of 30.5 per cent at 69,359 units (53,146 units in September 2001) while the total two-wheelers sold stood at 1,03,932 units (95,880 units), a release said.

Andhra Bank

Andhra Bank has earmarked Rs 100 crore for IT-enabled banking services to be introduced in its branches over the next two years, the bank’s chairman B. Vasanthan said.


Cognizant Technology Solutions Ltd has been assessed at level 5 of the People Capability Maturity Model (P-CMM) version 2.0, a release said.

Bombay Dyeing

Fitch Ratings India has affirmed the F1+(Ind) rating to the Rs 100 crore commercial paper programme of Bombay Dyeing.


InnoCentive, an e-business venture of Eli Lilly and Company has announced a partnership with the Indian Institute of Chemical Engineers.

Oil India award

Oil India Limited has won the Golden Peacock National Award for corporate social responsibility in public sector category for 2002.

Wipro wing

With reference to the story ‘ Wipro Consulting gears up for IBM-PwC challenge’, Anurag Srivastava, chief knowledge and technology officer of Wipro Consulting said that the implementation of Six Sigma has given an upside by Rs 30 crore to bottomlines in 2000-01 and higher last year. It has also significantly helped reduce cost of operations.

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