• Infrastructure and power utilities company Reliance Infrastructure Limited (RInfra), a division of the Anil Dhirubhai Ambani Group (ADAG), has won IT consultancy projects for the five electricity distribution companies in Karnataka. The projects with a duration of four years, will also mark RInfra's debut in IT consulting for power utilities.
• The Orissa government has cancelled the lease of 120 acres of land granted to Tata Iron and Steel Ltd at Nayagarh in Keonjhar district. Though the land was allotted to the company for setting up of a sponge iron plant, it couldn’t start the construction work for the project in time.
• Pharma major Ranbaxy Laboratories said its US-based subsidiary, Ranbaxy Laboratories Inc Priceton NJ, was
recalling capsules used in the treatment of acne (a type of skin disease) from the US market.
• The defence PSU, BEML Ltd, has entered into a technology tie up with Alstom of France for transfer of technology to manufacture light, medium, high speed and double-decker railway coaches.
• Hindustan Construction Company (HCC) said it has bagged Rs 387.50-crore order for Dagacchu Hydro Power project in Bhutan. The contract is for the Lot -1 of the 114 mega watt power project of Dagacchu Hydro Power Corporation,
• With the improvement in coal supply from the mines of Mahanadi Coalfields Limited (MCL) and the imported coal of National Aluminium Company (Nalco) set to arrive soon, the aluminum major expects to restore the closed120 MW unit of its captive power plant (CPP) here within 4-5 days.
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