Corporate
RPL plans Rs 1,000-cr preference share issue
RELIANCE Petroleum Ltd (RPL) proposes to raise Rs 1,000 crore by offering redeemable preference shares. It has also sought shareholders' approval for hike in FIIs' investment limit up to 49 per cent of its paid-up equity capital.

Caterpillar India to test waters before new launches
CATERPILLAR India, the subsidiary of earthmoving equipment major, Caterpillar Inc of the US, is planning to conduct an all India market survey to finalise the specific types of earthmoving equipment that the company should launch in the Indian market.

Financial Performance
SAIL prunes losses
THE board of Steel Authority of India Ltd (SAIL) will meet on Monday to finalise the annual financial results which show losses pegged at Rs 728 crore for the 2000-2001 fiscal. At this level, it works out to a reduction of Rs 992 crore compared to the Rs 1,720-crore loss incurred in 1999-2000.

Steel
RSP geared for customised HR coils
ROURKELA Steel Plant of SAIL is now fully geared to roll customised hot-rolled (HR) coils. RSP's HR coils, following the maximisation of the existing process at its hot strip mill (HSM), are on par with the HR coils of Bokaro Steel Plant.

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