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Monday, March 10, 2008

Corporate Announcement

MSP Steel & Power Limited
Msp Steel & Power Limited has informed the Exchange that : "MSP Steel & Power Limited has signed Memorandum of Understandings (MOU) with M.P Trade & Investment Facilitation Corp Ltd., Government of Madhya Pradesh, on 16.02.2008 for setting up two Iron Ore Beneficiation Plants, one in the District of Jabalpur & other in Katni, with the capacities of 5.0 MTPA each, with a proposed Investment of Rs. 200.00 crores in each plant and a Pelletisation and Steel Plant of appropriate capacities in the above districts provided that the beneficiated ore is suitable for pelletisation. Government of Madhya Pradesh shall facilitate required infrastructure facilities, incentives and will facilitate to obtain the necessary clearances and concessions for the project from single window".

C & C Constructions Limited
C & C Constructions Limited has informed the Exchange regarding the press release as follows: "C & C Constructions Ltd has been awarded two contracts amounting to Rs 202 crores from the Himachal Pradesh Road and Infrastructure Development Corporation Limited. This is the first entry of the company in the state of Himachal Pradesh. Earlier the company had bagged three orders cumulatively worth Rs 209 crores from the state of Punjab under the World Bank aided development scheme. The two contracts in Himachal Pradesh, also under the World Bank aegis, are for widening and strengthening of a 90 km stretch within the state .The company has a forte of bagging additional works in and around the area they start work. With the addition of these orders the company's order book now stands at Rs 1008 crores which it is confident of executing by June 2009."

Gufic Biosciences Limited
Gufic Biosciences Limited has informed the Exchange that the dividend on the Equity shares of the Company proposed to be declared at the Annual General Meeting of the Company to be held on March 31, 2008, if approved by the shareholders, will be paid on or before April 30, 2008.

Alkyl Amines Chemicals Ltd.
Alkyl Amines Chemicals Ltd. has informed the Exchange that: "Alkyl Amines is well underway with its new expansion project to enhance its Ethylamines capacity following the successful debottlenecking done in 2007. The work on this project began over two months ago. The Company plans to expand its current capacity by around 35% .This expansion project will be completed in the second half of CY2008, and will further enhance Alkyl's position as a leading global supplier of Ethylamines".

Renaissance Jewellery Limited
Renaissance Jewellery Limited has informed the Exchange that Renaissance Jewellery Ltd. has sold its entire shareholding in its wholly owned subsidiary viz Renaissance Retail Venture Private Limited to Gitanjali Lifestyle Limited.Renaissance Jewellery Limited has informed the Exchange that Renaissance Jewellery Ltd. has sold its entire shareholding in its wholly owned subsidiary viz Renaissance Retail Venture Private Limited to Gitanjali Lifestyle Limited.

KEC International Limited
Kec International Limited has informed the Exchange regarding a press release dated March 10, 2008, titled "KEC International Bags Biggest Single Contract Worth Rs. 482 Crore".

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