The Telegraph
Since 1st March, 1999
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Business Briefs

Core sector growth up

New Delhi, Sept. 22: The countryís infrastructure sector grew 3.7 per cent in August from a year earlier, mainly due to expansion in the petroleum refining, steel and cement sectors, latest government data shows. But the rise was lower than the 7.4 per cent growth recorded last August and just slightly higher than the 2.6 per cent growth registered this July. The infrastructure sector comprising six core industries of crude oil, petroleum refining, coal, cement, electricity and steel grew 3.8 per cent in April-August, compared with a growth of 7.3 per cent in the same period last year.

Unichem plant

New Delhi, Sept. 22: Unichem Laboratories would invest Rs 80 crore to set up a formulations facility at Baddi in Himachal Pradesh.

Petronet LNG

New Delhi, Sept. 22: Asian Development Bank and Rasgas of Qatar have taken 10 per cent equity each in Petronet LNG. With this, 80 per cent of Petronetís equity has been tied-up and for the balance 20 per cent, it will float an IPO in January 2004.

Moser Baer

Mumbai, Sept. 22: The board of Moser-Baer (I) Ltd has recommended a 25 per cent dividend and issuance of one bonus share for every one share held by shareholders.

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