Sunday, August 17, 2008

Corporate News

Gujarat NRE Coke will invest around Rs 700 crore in its greenfield plant in Andhra
Pradesh over a period of three years.He said the company had already acquired 200
acres of land for the purpose.

Power Finance Corporation has signed an Memorandum of Understanding with NTPC
Ltd, NHPC Ltd, and Tata Consultancy Services Ltd for incorporating a joint venture
Company to set up and operate a Power Exchange at national level. The Power Exchange
would provide a neutral and transparent electronic platform for trading power on 'day
ahead basis', providing access to all players in the power markets.

Jaiprakash Associates has signed four MOUs with Madhya Pradesh Government to
invest Rs 13,000 crore

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