Date:30/06/2006 URL: http://www.thehindu.com/2006/06/30/stories/2006063001641600.htm

Business

Bse/Nse Notes

Energy Development Company has received orders for supply of turbine and generation set with all associated accessories valued at Rs. 68 crore to be executed within the current financial year.

UTI Bank has stated that the board of directors of the bank on June 28, approved the allotment of 1,384 unsecured non-convertible redeemable debentures of Rs. 10 lakhs each aggregating Rs. 138.4 crore (including a green shoe option of Rs. 38.4 crore) to various investors on a private placement basis as the bank's Tier-II capital. The debentures are issued for a period of 87/120 months.

Bhagyanagar Metals has entered into an agreement for purchase of 25 acres of land for a total value of Rs. 118 crore for development of IT park/housing township. This site is located near Hitech City, Hyderabad.

Stone India has entered into an exclusive co-operation with Goodyear Europe to introduce air springs for pneumatic suspension systems. These products will gradually replace the conventional suspension systems for passenger and suburban EMU coaches used in the Indian Railways.

Dividends

Dishman Pharmaceuticals: 35 p.c.; Standard Industries: 6.25 p.c.; Austin Engineering: Rs. 1.20; NG Industries: Rs. 2.60; Zodiac Clothing: Rs. 5.

Control Print: 10 p.c. (final); CCAP: 12 p.c.; Gujarat Borosil: 10 p.c.; Balmer Lawrie Investments: Re. 1.70; Wires & Fabriks SA: Rs. 1.50; Steel Strips Wheels: 16 p.c;

Intellvisions Software: 10 p.c.; TVS Electronics:Re. 0.75; Hindustan Housing: Rs. 5; Kernex Microsystems: 15 p.c.; Aarvee Denims and Exports: 5 p.c. (final); Indo Asian Finance: 10 p.c.; Gujarat Apollo Equipments: Rs. 2.

Borosil Glass Works: 20 p.c.; Premier Explosives: 15 p.c.; Bhageria Dye Chem: 10 p.c.; Samkrg Pistons: 30 p.c.;