Thursday, November 15, 2007

Corporate Announcements:

· ACC Ltd plans to sell its Ready Mix Concrete undertaking to its
wholly-owned subsidiary ACC Concrete Ltd, for an estimated
Rs. 1 bn. (ET)

· Valecha Engineering won new projects worth Rs. 1 bn for
Integrated Road Development Project at Pune and Udaipur
Tunnel Project at Udaipur. (BS)

· JSW Steel will acquire rights for two iron ore mines in Tamil
Nadu, where it plans to invest Rs. 7 bn, and start mining
operations after two years. (ET)

· DLF Ltd is planning to buy Singapore-based privately held
chain of luxury hotels, Amanresorts for around $250 mn. (BS)

· KEC International bagged two turnkey projects in Abu Dhabi
and Algeria worth Rs. 3.91 bn and Rs. 2.46 bn respectively,
through an international competitive bidding process. (BS)

· Bharti Airtel added 2.03 mn subscribers in October, taking its
total mobile user base to 50.9 mn. (ET)

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