Sita Shree Food Products will list on the stock exchanges today, 7 April 2008. It will be placed in the B group of shares on BSE. The company has fixed the issue price at the top end of the Rs 27 to Rs 30 price band. ONGC Videsh (OVL), the overseas arm of Oil and Natural Gas Corporations (ONGC), reportedly plans to invest $450 million over three years in exploration and production at San Cristobal oilfield in Venezuela.
Rural Electrification Corporation (REC) will reportedly raise over Rs 16,000 in the fiscal 2008-09. The state run firm is also planning to increase its borrowing limit to Rs 60,000 from the present Rs 45,000, the reports added.
Reliance Communications (RCom) have reportedly formed a joint venture with a local firm to launch GSM mobile services in Sri Lanka by this year and subsequently other telecom services.
Reliance Industries is planning to enter into the rig manufacturing business besides investing $2.5 billion to enter into petrocoke gasification.
Bharat Heavy Electricals reportedly plans to form a joint-venture company with Nuclear Power Corporation of India for engineering contracts for nuclear power plants.
Nitin Fire Protection Industries bought 40% stake in Dubai-based New Age Company LLC.
Jaiprakash Hydro Power reportedly plans to invest Rs 25,000 over nine years to set up a 2,000 megawatt project in Arunachal Pradesh.
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