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Business Briefs 08-06-2011

Mittal refinery on track FII pep pill PlastIndia Sick PSUs Gartner study

The Telegraph Online Published 08.06.11, 12:00 AM

Mittal refinery on track

New Delhi, June 7: The HPCL-Mittal Bhatinda Refinery in Punjab will be commissioned in the second quarter of this fiscal. The mechanical completion of the Rs 18,919-crore refinery with a 9-million-tonne per annum unit has been achieved. The unit will start processing crude oil by early next month.

FII pep pill

New Delhi, June 7: Finance minister Pranab Mukherjee today asked foreign investors to remain optimistic on the India growth story and not get swayed by the temporary volatility in stock markets.

PlastIndia

Calcutta, June 7: PlastIndia Foundation, an apex body of association of plastic manufacturers, is looking to build a plastic waste management plant in Bengal.

Sick PSUs

New Delhi, June 7: The government is planning to increase the retirement age of the head of sick PSUs to 60 years and bring their salary on a par with their peers in profit-making state firms, Bhaskar Chatterjee, secretary in the department of public enterprises, said.

Gartner study

New Delhi, June 7: Worldwide security software revenue witnessed a growth of 12 per cent in 2010 at $16.5 billion, driven by a rebound in demand, according to research firm Gartner.

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