POWER NEWS
Article Abstract:
The Indian government has released counter-guarantee for two power projects during August 1998. The two projects are the 1082 mw Badravati power project and the 250 mw Zero Unit power project. The Badravati project has been promoted by the Ispat group, while the Zero unit power project by ST-CMS Electric Co. The government has decided to allow power generating companies to garner over 40 percent of the total project cost through financial institutions and banks. Earlier the raising limit was put at 40 percent of the total project cost. (gs)
Comment:
India: Govt releases counter-guarantee for 2 power projects, 1,082-MW Badravati project & 250-MW Zero Unit project, during 8/98
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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GUJARAT LYKA NET AT Rs1.3 CR
Article Abstract:
Gujarat Lyka Organics has declared a net profit of Rs1.29 crore in the third quarter of 1998-99 against a loss of Rs0.42 crore in the third quarter of 1997-98. It increased its sales by 4 percent to Rs15.19 crore from Rs14.6 crore. The company posted a net profit of Rs0.29 crore on sales of Rs31.6 crore for the nine months ended December 31, 1998 against a net loss of Rs2.13 crore in the nine months ended December 31, 1997. (khr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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