Coal India, Essar Steel and Punj Lloyd to see some action today

Coal India will soon start mining in Mozambique, which, along with the projects of the Adani group in Australia and Sanjiv Goanka in South Africa, will increase supplies of the dry fuel in India. The final phase of exploration for Coal India's A1 and A2 mining blocks at Tete Province in Mozambique is complete. Coal sampling is in progress. Geological report and detailed project report will be prepared. Essar Steel has commissioned  its Integrated Pellet Complex comprising an iron ore beneficiation facility at Dabuna in Keonjhar district and a six million tonne per annum (MTPA) pellet plant at Paradip connected by a 253 km long slurry pipeline. The company has invested `6000 crore in the project, designed to process low grade iron ore fines into pellets that can be used as raw material for steel making. Punj Lloyd will soon foray into the power transmission and distribution business and is preparing a blueprint for the same. The government’s initiative to build independent transmission projects is the prime reason for the company’s foray into that space. The Ministry of Power has earlier announced setting up of independent transmission projects by seeking greater participation from the private sector. The objective of this initiative is to develop transmission capacities in India. Britannia Industries has tied up with e-tailer Amazon India for a pilot launch of Good Day Chunkies, a new chocolate chip cookie, for a period of 15 days. The offer, which is currently on, will close on December 5, following which the product will hit offline stores. Interestingly, Britannia is the first biscuit company in the country to leverage e-commerce for brand promotions ahead of players such as Parle Products and Mondelez. The Bombay High Court has adjourned the NSEL-FTIL merger matter till December 22, giving the government time till then to file its reply on why the amalgamation should go through. The government on the recommendation of commodity market regulator FMC passed a  draft order to merge NSEL with FTIL last month in public interest. Odisha's nodal agency for land acquisition and industrial infrastructure development, Odisha Industrial Infrastructure Development Corporation (Idco) has sought the nod of the state government to execute a memorandum of understanding (MoU) with Indian Oil Corporation(IOCL). The pact's objective is to chalk out a roadmap for development of a petrochemical complex at Paradeep. The petrochemical complex to set up by IOCL is a part of the PCPIR (petroleum, chemicals and petrochemicals investment region) hub. The PCPIR hub is planned across an area of 284 sq km straddling the coastal districts of Jagatsinghpur and Kendrapara. Ceat has raised Rs 400 crore through a qualified institutional placement and the funds would be utilised for expansion. The company will issue 4494,382 equity shares at a price of Rs. 890.00 per share. The issue price translates to a discount of approximately 0.8 per cent on closing price on November 26, 2014. Wintac has decided to hive-off Trade Marks and Marketing Division for the marketing of the Oncology Products in order to have complete focus on the core activity of Product Development and Manufacturing activity for the Regulated Export markets. The size of the Oncology Division business was small and during the previous financial year (2013-14) recorded a sales of Rs. 201 lakhs and contributes about 6.48% to the sales turnover of the Company.