Shell offer on Hazira venture
New Delhi, Oct. 7: Royal Dutch Shell has offered state-owned National Thermal Power Corporation (NTPC), Indian Federation of Fertiliser Cooperatives (Iffco) and Krishak Bharati Cooperative (Kribhco) equity in its $ 500-million LNG import terminal at Hazira in Gujarat. Ajay Vikram Singh, head of marketing and commercial of Shell India Pvt Ltd confirmed that NTPC, Iffco and Kribco were among the companies offered equity, but he refused to divulge names of other companies Shell was talking to.
New Delhi, Oct. 7: Steel Authority of India Limited (SAIL) has increased its market share to over 26 per cent during 2001-02 by clocking additional sales of 5.5 lakh tonnes of steel in the domestic market. SAIL registered 1 per cent rise in its sales of flat products to touch the market share of 36.7 per cent.
New Delhi, Oct. 7: The total foreign shareholding in Tata Telecom has risen to 27.10 per cent as on June 2002, from 25.82 per cent on March 2002. There has, however, been no change in the promoters’ holding during the period, which remained at 50.84 per cent.
New Delhi, Oct. 7: The government today said it expects all companies and banks to adhere to a circular issued earlier according to which all dividend amount remaining unpaid for seven years should be transferred to the Investor Education and Protection Fund (IEPF).