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Shriram group firm concludes financial closure
Oriental Green Power (OGP), a renewable energy generation company, promoted by Chennai-based Shriram EPC, has said that the company has concluded financial closure to the tune of Rs 400 crore to set up six bio-mass based power plants.

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Tata Steel ends firm on good sales fig
The stock soared to a high of Rs 513 and finally ended at Rs 509, up 2% from the previous close. The counter clocked 1.84 million shares as compared to the two-week daily average traded volumes of 2.81 million shares on the BSE.

News of the day

India's coffee exports dip 14.28% in Oct-July
India"s coffee exports have declined 14.28 per cent to 2.28 million bags in the first 10 months of the 2008-09 coffee year till July, even as the global shipments rose marginally in the same period, the International Coffee Organisation (ICO) said.
Small Business

IRB Infra jumps on highway deal

The IRB Infrastructure Developers scrip rose 6 per cent to Rs 148.15 on securing a highway project in Rajasthan. The company emerged as the lowest bidder for the highway project to be built between Jaipur to Deoli section of NH12. The Rs 1,500-crore project is on a grant basis with a concession period of 25 years. It has sought a grant of Rs 306 crore for the project from NHAI. - Better pricing drew more fliers in Apr - Cost escalation to be factored into RIDF projects - Orissa to get 300 Mw from NTPC to tide over power crisis - 55,021 applicants retain Tata Nano booking - Local contexts, global buyers - Fundtech enters Europe The stock made an intraday high of Rs 149.35 and a low of Rs 135 with trading volumes of 15,23,000 shares (about 1.7 times higher its two-week average).


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