Esab India     
Esab India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on December 13, 2007, inter alia, to consider a second interim dividend, if any, for the financial year 2007.
Source: BSE    Date: 2007-11-30

Dhanus Technologies    
Dhanus Technologies Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 29, 2007, has appointed Shri. S Kalyanam, Retired Judge as an Additional Director of the Company.
Source: BSE    Date: 2007-11-30

Dhanus Technologies    
Dhanus Technologies Ltd has informed BSE that the Company has launched its product called “FLEETRAC”, a Vehicle Tracking System on November 29, 2007. It is an advanced tracking service for remote monitoring and tracking of vehicles.
Source: BSE    Date: 2007-11-30

   Greenply Industries    
Greenply Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 30, 2007, has converted 4,00,000 Convertible Warrants no. 2 of Rs 5/- each issued at a premium of Rs 109/- per warrant through Preferential issues in the year 2006-2007 to M/s Greenply Leasing & finance Ltd (Promoter-Body Corporate) into equity shares of the Company. Further the Company has informed that 4,00,000 Equity Shares issued and allotted to Greenply Leasing & Finance Ltd on November 30, 2007 are under lock in and non transferable up to November 29, 2010. The paid-up equity capital of the Company has been increased from Rs 8,29,87,230/- to Rs 8,49,87,230/-.
Source: BSE    Date: 2007-11-30

Acrysil (India)    
Acrysil Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on November 27, 2007, inter alia, have accorded to the following: 1. Alteration in the Articles of Association of the Company by inserting new Article 10A with the relevant marginal note, after the existing Article 10. 2. Authority to the Board to issue, offer and allot 4,00,000 Equity Share Warrants (“Warrants”), to promoters, on preferential allotment basis on such terms or conditions and in such manner as the Board may think fit and each warrant entitling the holder thereof to apply for and be allotted one equity share of face value of Rs 10/- each at a price determined in accordance with Clause 13.1.2 of the Guidelines for Preferential Issues of SEBI (Disclosure and Investor Protection) Guidelines, 2000 as amended from time to time and such conversion to be made, in one or more tranches, within a period not exceeding 18 months from the date of allotment of warrants in accordance with the SEBI (Disclosure and Investor Protection) Guidelines, 2000, subject to necessary provisions & approvals. Further the Company has informed that the Price for issuing Warrants was fixed at Rs 36.50 as per Auditors Certificates placed before the Meeting. The both resolutions mentioned in the Notice were passed unanimously, approving the above allotment.
Source: BSE    Date: 2007-11-30

Zicom Security Systems    
Zicom Electronic Security Systems Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on December 20, 2007 inter alia, to create, offer, issue and allot in one or more trenches, on Private Placement and / or Preferential Basis, not exceeding 21,00,000 (Twenty One Lakhs) Warrants, each Warrant carrying 1 (one) option / entitlement to subscribe to 1 (one) number of Equity Share of the Company of Rs 10/- each, against each such option on a future date (i.e. option / entitlement to subscribe to maximum number of 21,00,000 (Twenty One Lakhs) Equity Shares of Rs 10/- each in aggregate), within a period not exceeding 18 (eighteen) months from the date of issue of such Warrants, to the following Companies belonging to the Promoters of the Company, as specified against each of their names: 1. Name of the Proposed Allottees : Baronet Properties & Investments Pvt Ltd Maximum No. of Warrants to be allotted : 10,50,000 2. Name of the Proposed Allottees : Coronet Properties & Investments Pvt Ltd Maximum No. of Warrants to be allotted : 10,50,000 The total number of Shares to which the Proposed Allottees will become entitled to, considering 1 (one) option available per Warrant, shall be 21,00,000 (Twenty One Lakhs) Equity Shares of Rs 10/- each, subject to necessary provisions and approvals.
Source: BSE    Date: 2007-11-30

    BWL   
BWL Ltd has informed BSE that the major Plant & Machinery of Company’s Optical Fibre Cable Division, situated at Shimla, Shoghi (H.P) has been disposed off for a consideration of EURO 3,00,000, Rupee equivalent 167,00,383 with the permission of the secured creditors. The entire proceeds have directly been paid to the secured creditors of the Company for the repayment of one time settlement (OTS) of their dues.
Source: BSE    Date: 2007-11-30

   ACC    
ACC Ltd has informed BSE that pursuant to the Resolutions passed by Circular dated November 26, 2007, by the Shareholders / Investors Grievance Committee of the Board: 11,697 shares were allotted against exercise of Employee Stock Options under various ESOS as under: ESOS 2001 : 500 shares ESOS 2003 : 1,600 shares ESOS 2004 : 9,597 shares Consequently, the paid up Share Capital of the Company has increased from 18,75,53,132 shares to 18,75,64,829 shares of Rs 10/- face value, as of date.
Source: BSE    Date: 2007-11-30

    West Coast Paper Mills    
West Coast Paper Mills Ltd has informed BSE that the Board of Directors of the Company at its meeting held November 30, 2007 has issued 41,73,400 Global Depository Receipts (GDRs) at the rate of USD 2.164 per GDR (equivalent to Rs 85/- per GDR, including premium of Rs 83/- per GDR) amounting to USD 9031237.60 to various investors. Each of the GDR will be convertible into equity share of Rs 2/- each at the option of the GDR holder.
Source: BSE    Date: 2007-11-30

Southern Iron and Steel    
Southern Iron & Steel Company Ltd has informed BSE that pursuant to the Order made by the Honorable High Court of Judicature at Bombay, a meeting of the equity shareholders of the Company will be held on December 28, 2007, for the purpose of considering and if thought fit, approving with or without modification(s), the arrangement embodied in the Scheme of Amalgamation of the Company with JSW Steel Ltd.
Source: BSE    Date: 2007-11-30

  Indo Asian Fusegear    
Indo Asian Fusegear Ltd has informed BSE that the Company has promoted a subsidiary Company to venture into Cables & Wires manufacturing business. For this purpose, the subsidiary Company has already purchased the land for the project. The estimated project cost will be approximately Rs 100 crores to be invested in phases.
Source: BSE    Date: 2007-11-30

Shree Renuka Sugars    
Shree Renuka Sugars Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 30, 2007, inter alia, has recommended a final dividend of 20% (i.e. Rs 2 per share) on pro-rata basis, on the equity shares of the Company for the year ended September 30, 2007.
Source: BSE    Date: 2007-11-30

   Sanwaria Agro Oils    
Sanwaria Agro Oils Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on December 07, 2007, to consider the following: 1. Further split of Equity Share. 2. Execution of MOU entered with M.P. Government.
Source: BSE    Date: 2007-11-30

Platinum Corporation    
Platinum Corporation Ltd has informed BSE that the members of the Company will consider to approve, by way of Postal Ballot, the special resolution, to appoint Mr. Dhrumal K Vaidya, Mr. Anindo Banerji, Mr. Jignesh D Shah & Mr. Jayesh D Shah, as Directors of the Company, liable to retire by rotation. The Company has appointed Mr. B G Pandya, Practising Company Secretary, as Scrutinizer for conducting Postal Ballot process in a fair & transparent manner. The Postal Ballot forms duly completed should reach the Company not later than the close of working hours on December 26, 2007. The Scrutinizer will submit his report to the Chairman, after completion of scrutiny & the result of Postal Ballot will be announced in the Extra Ordinary General Meeting on December 31, 2007.
Source: BSE    Date: 2007-11-30

    Great Eastern Shipping Company   
Great Eastern Shipping Company Ltd (GE Shipping) has informed BSE that Greatship Global Offshore Services Pte. Ltd., the wholly owned subsidiary of Greatship (India) Ltd, has announced upgradation of the two Multi Purpose Platform Supply & Support Vessels ordered on Mazgaon Dock Ltd to Multi Support Vessels (MSVs). Greatship (India) Ltd is a wholly owned subsidiary of the Company. In this regard the following press release as follows: Greatship Global Offshore Services Pte. Ltd., the wholly owned subsidiary of Greatship (India) Ltd (GIL), has announced the upgradation of the two vessels ordered on Mazagon Dock Ltd to Multi Support Vessels (MSVs). As previously announced, the Company had contracted two Multi Purpose Platform Supply & Support Vessels (MT6012 design) to be delivered in the third and fourth quarters of 2009-10. These vessels were designed for operating in deep waters (1000 – 3500 metres water depth), supplying and supporting complex exploration and production operations far away from shore. Now, these vessels have been upgraded to MT6012 Mark II design. Each will be equipped with a 100 Ton active heave compensation offshore crane, a helideck, increased accommodation (100 pax), a moonpool (for diving and ROV services) and be prepared for FiFi 1 & 2. With these enhancements, the vessels will become part of an exclusive and limited global fleet of MSVs capable of multiple operations and outputs. This upgradation has been done with the objective of tapping the burgeoning sub-sea construction markets, both globally as well as in India. MSVs play a critical role in new construction and in maintenance of various offshore assets and equipment, and will see increasing demand as the world moves further offshore (into deeper and distant waters) in search of new reserves of oil and gas. GIL currently own and operate three PSVs, two in India and one in the North Sea. GIL, along with its subsidiaries, also has an order book of sixteen vessels and one rig under construction – two PSVs in Norway, four AHTSVs in Sri Lanka, four AHTSVs and four MPSVs in Singapore, these two MSVs in India and a premium 350′ jack up rig in Singapore.
Source: BSE    Date: 2007-11-30

Satyam Computer Services    
Satyam Computer Services Ltd has informed BSE that the Compensation committee of Directors of the Company allotted 13,677 equity shares through circular resolution on November 29, 2007, approved on November 30, 2007 under stock option plans of the Company. Consequent to the above allotment, the paid up share capital of the Company has gone up from 669,269,426 equity shares of Rs 2/- each aggregating Rs 1,338,538,852.00 to 669,283,103 equity shares of Rs 2/- each aggregating Rs 1,338,566,206.00.
Source: BSE    Date: 2007-11-30

Vishnu Chemicals    
Vishnu Chemicals Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on December 19, 2007, inter alia, to transact the following business: 1.(a) The Authorised Share Capital of the Company which is Rs 16,00,00,000 (Rupees Sixteen Crores) divided into 1,60,00,000 (One Crore and Sixty Lakhs) Equity Shares of Rs 10 each be increased to Rs 20,00,00,000 (Rupees Twenty Crores) divided into 2,00,00,000 (Two Crore) Equity Shares of Rs 10 each. (b) The existing Clause V of the Memorandum of Association of the Company be and is hereby deleted and substituted by the following clause as Clause V The Authorised Share Capital of the Company is Rs 20,00,00,000 (Rupees Twenty Crores) divided into 2,00,00,000 (Two Crore) Equity Shares of Rs 10 each with power to the Company to increase, reduce or modify the said capital and to divide the shares for the time being of the company into several classes and attach thereto such preferential, qualified or special rights, privileges or conditions as may be determined by or in accordance with the Articles of Association of the Company and to vary, modify or abrogate any such rights, privileges or conditions in such manner as may for the time being be provided for by the Articles of Association of the Company. 2.(A) To alter the Main Objects under Part III(A), of the Memorandum of Association of the Company be altered by replacing the existing clauses Nos. 1, 2, 3, 4, 5 and Clause III(C) of Other Objects Clause by inserting with the following new clauses” III (A): Main Objects 1. To carry on all or any of the business of manufacturers, Producers, Processors refiners, Stockiest, Agents, Importers, (Exporters, Distributors and Dealers in all kinds of Chemicals of different grades, including organic, inorganic petrochemicals. Barium Carbonate, barium Chloride, barium Nitrate, Fertilizers manures, Pesticides, Calcium Carbine, Biomedicines, Ointments, acids toilet requisites, Soaps Detergents, Cosmetics, Perfumes, Dyes, Paints and their by-products of every description, Manufacture of Bulk drugs, vaccines, formulations, medicines, Contract Research Activities and Contract Research and manufacturing Services (CRAMS) etc, 2. To carry on the business of manufacturers, traders, importers; exporters and dealers in India and elsewhere of Salts, Potashes, Alkalies, Tinctures, Acids, Chemicals for drugs. Oils, Essences, Perfumes Paints, Heavy chemicals, and Fine Chemicals, Tannins, Pharmaceutical, Photographical, Sizing- Medicinal Chemicals, Cements, Oils, Paints, Pigments Varnishes, Compounds, Dyestuff, Organic or Inorganic or Mineral intermediates pant and Colour Grinders and of Electrical, Chemical, Photographical Chemicals and Derivatives, by-products and compounds of any nature and kind what-so-ever such as Chrome Chemicals, Bichromate of Soda, Chrome compounds, Bichromate or Potashes, Chromic Acids, and its by products, calcined; Chromium Acid, Lime Chromium Accetates, Chromium Formates, Chromium sulfotyanide, Chromium Nitre Accetates, Chromium Sulfa Accetates, Chromium Lactages, Chromium Nitrates, Sodium Chromium Oxalates, Chromium Sulfor Chromates, Chromium Sulphates, Chromium Chlorides, Chrome Amoniurn Sulphites, Chromium Fluorides, Chromium Zinc, Copperosed Chromsted Zincs, Chromic Acids, Chrome Oxides Gree and other Chrome-derivatives, Sodium Sulphates Anhydrous, Barium Compounds, Chrome derivatives, Yellow Sodium Sulphates, Hydrate, Calcinede, Bauxites, Hydroted, Calcinede, Bauxites, Yellow Chrome pigments, Basic Chromium Sulphate Tanning Agents. 3. To carry on the business of manufactures, dealers, traders, importers, exporters, agents and stockiest of Potassium Bichromate, Sodium Bichromate, Bichromates and permanganate of potash, gloubers, salts and its derivatives and all kinds of Chemicals, Salts, Potashes and by-products and compounds of any nature and kind such as chrome oxide green sodium Chromate, Basic Chromium Sulphate, Sodium Sulphate and all kinds of gaseous, liquid or solid chemicals, Organic, Inorganic dyes, dyestuff and Plastics. 4. To manufacture, process, prepare, preserve, buy and sell and deal whether as wholesalers or retailers or as exporters or importers or as principals or agents in Pharmaceutical formulations, Bio-Pharmaceuticals, Pharmaceutical bulk, Medicines and Consumable provisions of every. description for. human or animal consumption and health care. 5. To manufacture, process, prepare, preserve, buy and sell and deal whether as whole-sellers or retailers or as exporters or importers or a principals or agents in Biotechnological products using DNA Technologies, Gene Technologies, Bio-Informatics and all types of biotechnological. methods, procedures,- Technologies, for Synthesis of all types/varieties, and to act as buyers, seller, wholesaler, distributor, dealer, stockiest manufactures, producer, grower in all kinds or medicines, drugs, vaccines, Chemicals & Consumable Provisions of every description for human or animal or plant consumption. (B) To alter the other objects Clause under III(C)of the Memorandum of Association of the company by inserting the following new Clauses as Clauses No. 84, 85, 86, 87 after Clause No. 83 84. To purchase, build, sell, develop, take in. exchange or on lease, hire or otherwise, acquire whether for investment or for sale or for lease, for working or developing or disposing or maintaining the same, any real or personal estate including lands, monies, buildings, factories, mills, houses, cottages, shops, deposits, warehouses, machinery, plant, stock in trade, concessions, privileges, licenses, estimates or interest in or with respect to any property or interest in or with respect to any property whatsoever for the purpose of the company in consideration for a gross sum or rent or partly in one way and partly on other of for any consideration .and to build townships, markets, and or buildings, residential and commercial or conveniences thereon and to equip the same or part thereof with all or any amenities or conveniences, drainages and other facilities. 85. To carry on all the business of builders, real estate-developers, contractors, subcontractors, dealers and by advancing money to and enter into contracts and arrangements of all kinds with builders, tenants, occupies and others, land developments, services apartments, services plots, constructions of residential and commercial premises including business centers and offices, securing lands, Private or Government for formation and development of town ships and to deal in and act as agents for lands, buildings, factories houses, flats and other residential and commercial plots and construct / maintain and alter residential, commercial industrial plots and properties and sale or lease them out by providing will all modern amenities end development thereof and securing capital, funds and raising loans for construction and advancing to other organisation for similar purposes. 86. To provide City and region level urban infrastructure facilities, to lay-out develop construct, build, acquire, erect, demolish, re-erect alter, modify, repair, re-model or to do any other work in connection with any building or building works, roads, highways, bridges, sewers, canals, well, dams, power plants, reservoirs, tramways, railways, sanitary, water, gas, electric lights, telephonic and telegraphic works and such purposes to prepare in designing, estimating, planning, modeling, etc. 87. To carry on the business of construction, builders, contractors, engineers, colonizes town planners, surveyors, values, appraisers, decorators, furnishers, manufacturers of prefabricated and precasted houses and to acts agents and contractors for the purposes of real estates, residential complexes / flats / enclave / commercial complexes / multistoried building etc, and to carry on all types of construction activities and act as consultants, advisors, technical consultants, collaborators, designers and architects for all kinds of construction activities in India and abroad and to undertake all civil, mechanical, electrical works all types of infrastructure facilities like BOO (Build, Operate, Own and Transfer), BOT (Built, Operate and-Transfer), BOLT (Build, Operate, Lease and Transfer), BOO (Built, Operate and Own) in India or abroad either or its own or with joint venture with any other India or Foreign participant. 3. For borrowing from Banks, Financial Institutions (FIs), Foreign Institutional Investors (FII), Overseas Corporate Bodies (OCBs), External Commercial Borrowings (ECB) Global Depository Receipts (GDRs) / Foreign Currency Convertible Bonds (FCCB) and all other foreign loans up to a sum not exceeding Rs 200 Crores not withstanding that the money’s to be borrowed together with the money already borrowed by the company (apart from such temporary loans obtained or to be obtained from the company’s bankers like working capital loans etc.) will exceed, the aggregate of the paid up capital of the company and its free reserves, that is to say, reserves not set apart for any specific purpose, subject to necessary provisions & approvals. 4. To issue up to [_] Equity Shares of Rs [10/-] each for cash at such premium in accordance Chapter XIII of SEBI Guidelines, aggregating to Rs [*] in face value to individuals, Companies, banks, financial institutions, employees, QIBs, NRIs, FIIs and other persons, whether resident in India or otherwise and whether they are members or promoters of the Company, as may be decided by the Board of Directors in consultation with its merchant bankers, subject to necessary provisions & approvals. Further the Company has informed that, the item No 1 to 3 of the notice are proposed to be transacted through Postal Ballot: The Company has appointed Shri. L Dhanamjay Reddy, Practising Company Secretary, based at Hyderabad, as Scrutinizer for conducting Postal Ballot process in a fair & transparent manner. The Postal Ballot forms duly completed should reach the Scrutinizer on or before December 17, 2007. The Scrutinizer will submit his report to the Chairman after completion of the scrutiny & the results of the Postal Ballot will be declared on December 19, 2007. The result of the Postal Ballot will be confirmed at this EGM.
Source: BSE    Date: 2007-11-30

    Thomas Cook (India)    
Thomas Cook India Ltd has informed BSE that the Company have been informed by Dubai Financial Group LLC that they have filed a letter with the Securities and Exchange Board of India (SEBI), under Regulation 10 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulations, 1997, seeking suitable directions from SEBI in the matter of Internal Restructuring of their parent Companies.
Source: BSE    Date: 2007-11-30

   Rishi Laser    
Rishi Laser Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on November 30, 2007, have approved the issue of 6,70,000 convertible warrants.
Source: BSE    Date: 2007-11-30

MRF    
MRF Ltd has informed BSE that the Management has declared a token lock out for one day from 7 A.M. on November 30, 2007 to 7 A.M. on December 01, 2007 at the Company’s Manufacturing Plant at Tiruvottiyur situated at Tiruvottiyur High Road, Chennai, Tamil Nadu. Further the Company has informed that, the Company’s other plants at Arakkonam in Tamil Nadu, Eripakkam Village in Puducherry, Kottayam in Kerala, Medak in Andhra Pradesh and at Usgao in Goa are producing tyres as per the Company’s production schedule.
Source: BSE    Date: 2007-11-30

Comp-u-learn Tech India    
Comp U Learn Tech India Ltd has informed BSE that the Company has signed a work order with NPR Solutions, 3109, Bruce Gardens Circle, Franklin, TN 37064 USA towards maintenance contract worth USD One Million dollars (approx INR 4.00 Crores).
Source: BSE    Date: 2007-11-30

  Omaxe    
Omaxe Ltd has informed BSE about the following: 1. The Company has, on the occasion of Resurgent Rajasthan Partnership Summit held on November 30, 2007 at Jaipur, has entered into Memorandum of Understanding with State of Rajasthan for facilitating the setting up of “Multi Product Special Economic Zone” at District Alwar Rajasthan. The proposed SEZ is, over 5000 hectares (12500 acres approx) of land in Dist Alwar, Rajasthan, to be set up over a estimated period of 5 years and is expected to generate direct and indirect employment for approximately 6 Lac people in the State of Rajasthan. Further it may be noted that the Department of Commerce, Ministry of Commerce and Industry Government of India has accorded ‘in Principle approval’ to the Company for setting up of the above said Project. 2. Further Company has informed that, the Company has promoted a wholly owned subsidiary by the name of Omaxe Rajasthan SEZ Developers Ltd by making an investment of Rs 5,00,000/- (Rupees Five Lacs).
Source: BSE    Date: 2007-11-30

    PS13    
Parle Software Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 30, 2007, inter alia, has considered and approved the following: 1. Recommended Issue of Bonus Shares in the ratio of 3:1 (THREE Equity Shares of Rs 10/- each fully paid up for every ONE Equity Shares of Rs 10/- each held in the Company). The record date for issue of bonus shares shall be decided after obtaining consent of the members of the Company. 2. Notice convening the Extra Ordinary General Meeting.
Source: BSE    Date: 2007-11-30

  Carborundum Universal    
Carborundum Universal Ltd has informed BSE that the Company had commissioned in December 2006 a state-of-the-art Coated Abrasives manufacturing facility at Sriperumbudur near Chennai. Following this, the manufacturing operations of the Coated Abrasives plant at Pallikaranai near Chennai was discontinued subsequently and the plant was closed this month. The Company has now disposed off the land and building at Pallikaranai for a consideration of about Rs 58 crores.
Source: BSE    Date: 2007-11-30

  Indian Oil Corporation  
Indian Oil Corporation Ltd (IOC) has informed BSE that the Board of Directors of the Company at its meeting held on November 28, 2007, has accorded approval for executing the Share Purchase Agreement with the Govt. of India for acquiring 1,07,00,220 equity shares of Oil India Ltd (OIL), which constitutes 5% of OIL’s pre-issued Paid-up Capital, from Govt. of India at a price equivalent to the issue price of the equity shares that are proposed to be offered by OIL to the public through an Initial Public Offering in accordance with the book-building method. The sale and purchase shall be completed prior to the allotment of equity shares to the public and within 48 hours after the issue price is determined through the book-building method after obtaining the approval of the Board of Directors of OIL. The above is in accordance with the approval accorded by the Govt. of India.
Source: BSE    Date: 2007-11-30

   TVS Electronics    
With reference to the news item appearing in a leading financial daily regarding sale of 6.18 acres of land at Nandambakkam, Chennai by TVS Electronics Ltd, in this connection TVS Electronics Ltd has informed BSE that the said property does not belong to TVS Electronics Ltd.
Source: BSE    Date: 2007-11-30

  Blue Star    
Blue Star Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on December 05, 2007, inter alia, to consider a proposal for purchase of a business.
Source: BSE    Date: 2007-11-30

   Lupin    
Lupin Ltd has informed BSE that the Allotment Committee of Directors of the Company at its meeting held on November 30, 2007 has allotted 6030 fully paid up equity shares of Rs 10/- each. These shares have been allotted upon exercising the options granted to the employees under the Stock Option Plans of the Company. In view of the above, the issued and paid up capital of the Company increased to Rs 820,594,240 consisting 82,059,424 equity shares of Rs 10/- each.
Source: BSE    Date: 2007-11-30

Gateway Distriparks    
Gateway Distriparks Ltd has informed BSE that Capt. Christopher Verma has stepped down as Chief Executive Officer (CEO) of the Company with immediate effect, to pursue his own interests. Under the Company’s management structure, each operating unit has its own management team with the CEO overseeing and co-ordinating the work of these teams. This supervisory function wilt now be taken over by Mr. Prem Kishan Gupta, Dy. Chairman & Managing Director of the Company.
Source: BSE    Date: 2007-11-30

    Moser Baer (India)    
Moser Baer India Ltd has informed BSE that Moser Baer Photo Voltaic (MBPV), a wholly owned subsidiary of the Company on November 30, 2007 announced that it has signed a Memorandum of Understanding (MoU) with the Government of Rajasthan for setting up of a large Solar Power Project in the State with an estimated generation capacity of 1 – 5 MW. The project will be the largest grid-connected solar farm in India and entail an investment of around USD 25 million (Rs 100 crores) at USD 4.5 million per MW. The MoU was signed on November 30, 2007 at the ‘Resurgent Rajasthan’ summit at Jaipur between MBPV and Rajasthan Renewable Energy Corporation (RREC). The SAARC region has large demand supply imbalances in energy generation capacities, with an increasing need to explore alternate and efficient energy sources. This offers a significant potential to Solar Photo Voltaic as an efficient energy option in the region. “MBPV aims to redefine the paradigms of solar power generation through its world class manufacturing and multi technology capabilities and demonstrate a commercially viable, grid-connected PV energy system in India through this project,” said Ravi Khanna, CEO of MBPV. “This project is a pioneering initiative in that direction and we believe that the SAARC region provides huge opportunity for such large sized projects.” he added. Moser Baer is also evaluating various options for setting up large sized solar farms across the SAARC region with strategic tie ups with some of the leading global Solar PV Companies and clean energy funds. Moser Baer Photo Voltaic plans to emerge as a leading technology driven PV equipment manufacturer in the world by implementing a capacity of 500 MW by FY10 through a mix of technologies in the crystalline silicon, concentrator and thin film domain. The Company’s photovoltalc equipment manufacturing capacities for crystalline silicon, concentrator and thin film technologies are coming up in an SEZ in Greater Noida. Power sector in Rajasthan Rajasthan is on course to become self sufficient in power by 2008. Besides setting up new power projects in the state sector, the government is also promoting private investment in power generation. The state already has an installed capacity of 5,500 MW of power and will add 4500 MW by 2011-12 through state sector projects of 1500 MW, private sector projects of 1500 MW and central sector projects of 1500 MW. Over 520 MW of non-conventional power is already being generated by private units in the State.
Source: BSE    Date: 2007-11-30